Termination of Certain Employment Agreements. The termination, transfer, disposition or assignment to another entity of all employment agreements between the Company and any person, including a release of the Company from any further liability with regard to any such employment agreement (other than any agreements which may be entered into pursuant to Section 5.11).
Termination of Certain Employment Agreements. The Company shall take such actions as may be necessary to terminate the employment agreements of Messrs. Cooper and Levey xxx xorth xx Xxhedule 5.15 to the Company Disclosure Schedule effective as of the Effective Time. No such termination shall have any effect on the non-solicitation and right of first opportunity agreements to which each of Messrs. Cooper and Levey xx x party.
Termination of Certain Employment Agreements. 18 5.03 Spin-Off........................................................... 19 5.04
Termination of Certain Employment Agreements. The Company agrees that effective upon the Closing, it will terminate the employment agreements set forth on
Termination of Certain Employment Agreements. On or prior to December 31, 2019, the Company or the Bank, as applicable, shall to the extent permitted under applicable Law and without causing a plan failure under Section 409A of the Code (a) terminate the Employment Agreement for each Company and/or Bank employee listed on Schedule 7.21 of the First Advantage Disclosure Memorandum, (b) make a lump-sum cash payment to each such Company and/or Bank employee in the amount set forth opposite such employee’s name on Schedule 7.21 of the First Advantage Disclosure Memorandum, which such amount represents the aggregate of all amounts payable to such employee in full satisfaction of all obligations of the Company and the Bank to such employee under such employee’s Employment Agreement, as a result of or in consideration for the termination thereof, and (c) require that each such Company and/or Bank employee enter into a restrictive covenant agreement for the benefit of the Company and the Bank in the form attached hereto as Exhibit D.
Termination of Certain Employment Agreements. Effective as of the Closing Date, INGENEX shall terminate the Employment Agreement between INGENEX and Xxxx X. Xxxxx, Ph.D. dated July 25, 1995 and shall release Xxxx X. Xxxxx, Ph.D. from any further liabilities or obligations thereunder, including specifically any restrictive covenants related to the Business. Effective as of the Closing Date, INGENEX shall terminate the Employment Agreement between INGENEX and Xxxxxxx Xxxxxxxxx, Ph.D. dated August 9, 1993 and shall release Xxxxxxx Xxxxxxxxx, Ph.D. from any further liabilities or obligations thereunder, including specifically any restrictive covenants related to the Business.
Termination of Certain Employment Agreements. The parties hereto agree that, effective as of the Closing, each of the employment agreements listed on Schedule 7.15, shall be automatically terminated without any further action by the parties thereto or any further liability of any of the parties thereunder, subject to the written agreement of the employee specified therein to such effect.
Termination of Certain Employment Agreements. Caliber shall have terminated those employment agreements indicated on Exhibit Hand obtained releases satisfactory to ICF from each of the affected employees (collectively, the “Employment Agreement Release”).
