Termination of Retention Agreement. This Retention Agreement shall terminate on the earlier of (i) the twelve (12) month anniversary of the date the Transaction is consummated; (ii) the date on which an Early Termination without a Retention Benefit occurs; or (iii) if the Transaction has not been consummated prior to the End Date, the End Date; provided, however, that the confidentiality provisions of this Retention Agreement and any obligations on the part of Colfax or the Spin Company which arise under this Retention Agreement, or triggered under this Retention Agreement on the date of its termination, shall survive the termination of this Retention Agreement.
Termination of Retention Agreement. This Retention Agreement shall terminate on the earlier of (i) the date the Transaction is consummated; (ii) the date on which an Early Termination without a Retention Benefit occurs; or (iii) the Payment Date; provided, however, that the confidentiality provisions of this Retention Agreement and any obligations on the part of Colfax which arise under this Retention Agreement, or triggered under this Retention Agreement on the date of its termination, shall survive the termination of this Retention Agreement.
Termination of Retention Agreement. The Retention Agreement is hereby terminated, effective immediately, and shall be of no further force and effect.
Termination of Retention Agreement. In addition, and in further consideration of the amounts paid and described in paragraph two (2) above and other good and valuable consideration, Executive, on behalf of himself, his heirs, executors, administrators, and assigns, agrees that this Agreement shall supersede, replace and terminate that certain Retention Agreement, dated as of March 9, 2005, by and between Xxxxxxx X. Xxxxxxx and Xxxxxxx Sporting Goods, Inc.
Termination of Retention Agreement. Executive hereby acknowledges and agrees that the Retention Agreement is hereby terminated and shall hereinafter be null, void and of no effect, and that he shall not be entitled to any payments or benefits thereunder from Parent, the Company (as defined therein) or any other subsidiary or affiliate of Parent, direct or indirect. In addition, Parent and Executive acknowledge and agree that any elections made by Executive under the Retention Agreement with respect to his stock options shall be null, void and of no effect, and that Executive’s rights with respect to his stock option, restricted stock, restricted share unit and performance share awards shall be as described in the applicable award agreements, without giving effect to any provision of such award agreements that reference the Retention Agreement.
Termination of Retention Agreement. You and the Company hereby agree that, notwithstanding anything to the contrary contained in your Retention Agreement, your Retention Agreement shall terminate and be null and void and of no further force or effect as of the date the SPA is executed by all parties thereto. Without limiting the foregoing, you hereby knowingly and voluntarily relinquish and release any and all rights and claims that you currently possess or may or would otherwise possess under or in respect of the Retention Agreement.
Termination of Retention Agreement. This Retention Agreement shall terminate on the earlier of (i) the six (6) month anniversary of the date the Transaction is consummated; (ii) the date on which an Early Termination without a Retention Benefit occurs; or, (iii) if the Transaction has not been consummated prior to the End Date, the twelve (12) month anniversary of the End Date; provided, however, that the confidentiality provisions of this Retention Agreement shall survive the termination of this Retention Agreement.
Termination of Retention Agreement. State Bank of Aviston joins this Agreement solely for purposes of this Section 10. State Bank of Aviston, Executive and Employer all hereby agree that that certain State Bank of Aviston Xxxxxx X. Xxxxxx Executive Retention Agreement between Executive and State Bank of Aviston dated October 23, 2002 shall terminate immediately prior to the Effective Time (as defined in the Merger Agreement).
Termination of Retention Agreement. Executive is party to a certain Retention Agreement with Xxxxxxx Bank and Xxxxxxx Financial Corporation dated as of July 1, 2007 (the "Retention Agreement"). The Bank has, as of this date, acquired Xxxxxxx Bank through merger. Executive acknowledges that in connection with such merger and as a requirement for its consummation, Executive has agreed to and does hereby terminate the Retention Agreement and agrees that none of Xxxxxxx Bank, Xxxxxxx Financial Corporation, the Bank or Farmers & Merchants Bancorp, Inc. shall have any further obligation to Executive thereunder. The Bank, for itself and its predecessors in interest does hereby agree to and does terminate the Retention Agreement.
Termination of Retention Agreement. The Parties acknowledge that (i) Executive’s employment with the Company shall be terminated upon his retirement on the Separation Date and (ii) the Retention Agreement and all rights and obligations thereunder shall terminate, and will be null and void of no further force effect, except as otherwise provided herein, including, without limitation, as set forth in Section 9 of this Release, on the Separation Date.
