TERMINATION OF THE CORPORATION'S Sample Clauses

TERMINATION OF THE CORPORATION'S. PARTICIPATION IN THE EMPLOYEE BENEFIT ---------------------------------------------------------------------- PLANS. As of the Effective Time, employees of the Corporation shall cease to ----- participate in or accrue benefits under the Employee Benefit Plans. Buyer agrees that, to the extent allowed by applicable laws and regulations, as soon as practicable following the Closing, at Buyer's expense, Buyer will take all steps and make all filings necessary or appropriate in order to terminate the participation of the employees of the Corporation in the Employee Benefit Plans, and Buyer shall take any and all action necessary to authorize and direct the administrators of the Employee Benefit Plans to take such actions; Sellers shall assist Buyer to the extent reasonably requested by Buyer. Subject to the provisions of Section 8.6, Buyer acknowledges and agrees that Buyer will assume and retain responsibility for the funding, administration, and distribution of benefits under the Employee Benefit Plans.
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Related to TERMINATION OF THE CORPORATION'S

  • Termination of the Company Upon the voluntary termination of the Company upon the consent of the Members, the sale or other transfer of all or substantially all of the Company's assets or any other termination of the Company in accordance with the provisions of this Agreement, the Company shall wind up its affairs and shall then be liquidated as provided in Article 13.

  • DURATION OF THE COMPANY The Company shall continue in perpetuity unless terminated sooner by operation of law or by decision of the Member.

  • Obligations of the Corporation Upon Termination The following provisions describe the obligations of the Corporation to the Executive under this Agreement upon termination of his employment. However, except as explicitly provided in this Agreement, nothing in this Agreement shall limit or otherwise adversely affect any rights which the Executive may have under applicable law, under any other agreement with the Corporation or any of its subsidiaries, or under any compensation or benefit plan, program, policy or practice of the Corporation or any of its subsidiaries.

  • Formation of the Company The Company was formed as a limited liability company under the Act on April 24, 2008. The Member hereby agrees that the person executing and filing the Certificate of Formation of the Company was and is an “authorized person” within the meaning of the Act, and that the Certificate of Formation filed by such authorized person is the Certificate of Formation of the Company.

  • Dissolution of the Company The Company shall be dissolved upon the happening of any of the following events, whichever shall first occur:

  • Dissolution and Termination of the Company (a) The Company shall be dissolved and its business wound up upon the occurrence of any of the following events:

  • Termination by the Corporation If the Executive’s employment is terminated by the Corporation upon the giving of written notice of such termination to the Executive at any time within the 6 month period following a Change of Control (other than for Just Cause, Disability or Death), then the Executive shall be entitled to the following:

  • Liquidation of the Company The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time period specified in the Prospectus.

  • Indemnification of the Company, its Directors and Officers Each Underwriter agrees, severally and not jointly, to indemnify and hold harmless the Company, and its directors, each officer of the Company who signed the Registration Statement and each person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, against any and all loss, liability, claim, damage and expense described in the indemnity contained in Section 5.1.1, as incurred, but only with respect to untrue statements or omissions, or alleged untrue statements or omissions, made in the Registration Statement, any preliminary prospectus, the Statutory Prospectus, any Testing-the-Waters Communication or the Prospectus (or any amendment or supplement to the foregoing), solely in reliance upon and in conformity with the Underwriters’ Information.

  • RIGHTS OF THE CORPORATION AND COVENANTS Section 5.1 Optional Purchases by the Corporation 27 Section 5.2 General Covenants 27 Section 5.3 Warrant Agent’s Remuneration and Expenses 29 Section 5.4 Performance of Covenants by Warrant Agent 29 Section 5.5 Enforceability of Warrants 29 ARTICLE 6

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