Termination of Existing Employment Agreements. Subject to Section 4D(a), this Agreement embodies the complete agreement and understanding among the parties relating to the terms of Executive’s employment with the Company and/or any of its subsidiaries and affiliates and, effective as of the Closing, supersedes and preempts any prior understandings, agreements or representations by or among the parties and any direct or indirect subsidiary or affiliate of the Company, Tube City (or any predecessor of Tube City, any of their direct or indirect subsidiaries, or affiliates), written or oral, which may have related to the subject matter of this Agreement in any way, including, without limitation, the Current Agreement.
Termination of Existing Employment Agreements. As of the Effective Date, all existing employment agreements between the parties, whether oral or written, including the Original Agreement, are hereby terminated and superseded.
Termination of Existing Employment Agreements. All employment agreements or offer letters to which Executive is a party, whether oral or written, are hereby terminated and superseded in whole by this Agreement.
Termination of Existing Employment Agreements. Effective as of the Closing Date, the Company shall (i) cause the termination of all employment agreements between any member of the Company Group and any employee, and (ii) enter into the Employment Agreement with each of the individuals set forth in Schedule 7.3, in form and substance acceptable to Purchaser.
Termination of Existing Employment Agreements. As of the Effective Date, all existing employment agreements between the parties, whether oral or written, including the Original Agreement, are hereby terminated and superseded. As part of the termination of the Original Agreement, amounts paid to Executive during 2006 as transportation allowances are eliminated as of the Effective Date and shall be deducted from the lump sum catch-up payment of base salary payable under Section 4 as a result of the increase in Executive’s base salary rate which will be implemented as of August 1, 2006.
Termination of Existing Employment Agreements. Subject to Section 3D(a), this Agreement embodies the complete agreement and understanding among the parties relating to the terms of Executive’s employment with the Company and/or any of its subsidiaries and affiliates and, effective as of the Closing, supersedes and preempts any prior understandings, agreements or representations by or among the parties and any direct or indirect subsidiary or affiliate of the Company or any of their direct or indirect subsidiaries or affiliates (or any predecessor thereof), written or oral, which may have related to the subject matter of this Agreement in any way, including, without limitation, the Current Agreement.
Termination of Existing Employment Agreements. The Employment Agreements dated as of August 17, 1994, as amended, between EWR Management Corp. and each of Xxxxxxx X. Xxxxx and Xxxxxxx X. Xxxxx shall be terminated as of the Effective Time. Neither Xx. Xxxxx nor Xx. Xxxxx shall be entitled to any of the benefits set forth in Section 7 of such Employment Agreement.
Termination of Existing Employment Agreements. Each of the employment agreements between JJMA and Xxxxxx Xxxxxxx, Xxxxxxx Xxxxx and Xxxxx Xxxxxxxxxx that were in effect prior to the execution of this Agreement shall have been terminated, and Seller shall have delivered to Buyer evidence reasonably satisfactory to Buyer thereof.
Termination of Existing Employment Agreements. Exercise of Stock Options. JJMA ESOP and 401(K) Plan.
Termination of Existing Employment Agreements. Target shall use its commercially reasonable efforts to enter into an Employment Agreement with each of the individuals set forth in Schedule 7.3, in form and substance provided by Purchaser.
