Terms of Continued Employment. Your obligation to continue in employment following the Closing in order to receive the benefits provided hereunder is subject to the obligation of the Company and Avago to retain you as a full-time employee of the Company, Avago or one its respective affiliates at a Base Salary that is no less than the level in effect on the date hereof, and with eligibility for all Avago employee benefits (or Company employee benefits through December 31, 2014) provided to similarly situated executives.
Terms of Continued Employment. Dear Xxxxxxx: This letter agreement (this “Agreement”) sets forth the terms and conditions of your continued employment with Las Vegas Sands Corp., a Nevada corporation (“LVSC”), and Las Vegas Sands, LLC, a wholly owned subsidiary of LVSC (together with LVSC, the “Company”), as mutually agreed upon by you and the Company. For valuable consideration and intending to be legally bound, the parties agree as follows:
Terms of Continued Employment. (a) Purchaser agrees to provide to those Transferred Employees who were Non-Union Employees, for a period of at least 24 months following the Closing Date (i) levels of total compensation (including salary) and participation in Seller Employee Benefit Plans which, in the aggregate, are substantially equivalent to the levels of total compensation (including salary) and Seller Employee Benefit Plan participation, in the aggregate, of such Employees as in effect as of the Closing Date and (ii) at a work location no more than 50 miles from the individual’s work location as of the Closing Date; provided, however, that this shall not be construed to grant to any Transferred Employee a right to employment by Purchaser for any Table of Contents particular length of time. Nothing in this Section 8.2(a) shall in any way restrict the right of Purchaser to terminate any Transferred Employee who was a Non-Union Employee at any time for any reason not in violation of Contract or Applicable Law.
(b) Notwithstanding Section 8.2(a), if at any time during the 24-month period following the Closing Date the employment of any Transferred Employee is terminated other than for cause or is constructively terminated under the severance plan set forth in Section 8.2(b) of the Seller Disclosure Schedule, Purchaser shall provide the terminated Transferred Employee with severance benefits which are comparable, in the aggregate, to the severance benefits described in Section 8.2(b) of the Seller Disclosure Schedule.
Terms of Continued Employment. During the Employment Period, the following shall apply:
(i) If Executive's employment has not terminated, during the Employment Period Executive shall have no less than the same titles as that Executive had on the date immediately prior to the Change of Control. Executive's duties and responsibilities shall not be materially and adversely diminished during the Employment Period (to the extent Executive's employment has not terminated) in comparison to the duties and responsibilities that Executive had on the date immediately prior to the Change of Control unless mutually agreed otherwise, other than as a result of a general reduction of the number or scope of personnel for which Executive is responsible for supervising which reduction occurs in connection with a restructuring or recapitalization of the Company or the division of the Company in which Executive works. In addition, and for the avoidance of doubt, any diminution of duties or responsibilities that occurs solely as a result of the fact that the Company ceases to be a public company or that the size of the Company has been reduced as a result of the Change of Control, shall not be considered a breach of this clause (i) by the Company.
(ii) If Executive's employment has not terminated, during the Employment Period, Executive shall receive an annual base salary which is not less than the base salmy in effect on the date immediately prior to the Change of Control, and the Company shall review the salary annually with a view to increasing it; provided any such increase shall be in the sole discretion of the Company's Board of Directors (the "Board").
(iii) If Executive's employment has not terminated, for the year of the Change of Control and for each year thereafter during which Executive is employed during the Employment Period, Executive shall be paid an annual bonus which shall be no less than Executive's Target Bonus in effect on the date immediately prior to the Change of Control.
(iv) If Executive's employment has not terminated, Executive shall be provided with a program of long-term incentive compensation during the Employment Period that is not materially and adversely diminished from the program of long-term incentive compensation as it existed for Executive on the date immediately prior to the Change of Control (for purposes of this clause (iv), a reduction of fifteen percent (15%) or more of the annualized target dollar amount of Executive's long-term incentive compensation as it existe...
Terms of Continued Employment. The Executive shall continue to be employed by the Company in accordance with the terms of the Employment Agreement until the Resignation Date or the earlier termination of the parties' employment relationship in accordance with the terms of the Employment Agreement. Prior to the Resignation Date, it is agreed that there shall be no reduction in Executive's reporting responsibilities unless mutually agreed upon between the Company and the Executive.
Terms of Continued Employment. Dear Xxxxxxx:
Terms of Continued Employment. The Executive agrees that he will remain employed with or work for the Successor Entity for a period of at least 12 months following a Change in Control. The terms of the Executive’s employment with the Successor Entity shall be equivalent to the terms set forth in Paragraphs 3(a) and (c); 4, 5, 6(a) and (b), and 9 – 23.
Terms of Continued Employment. You will continue in your current capacity as Chairman and Chief Executive Officer of Cypress at the discretion of the Board of Directors. During such time you will receive salary at the annualized rate of $400,000.00 (Four Hundred Thousand Dollars). Any stock option grant(s) previously made to you shall remain in effect and shall be governed by the terms set forth in such grants and the applicable stock option plan(s).
Terms of Continued Employment. Dear Xxxxx: This letter agreement will confirm certain terms and conditions of your continued at-will employment with Sigma Designs, Inc. (the “Company”) in connection with the voluntary dissolution and liquidation of the Company pursuant to a Plan of Liquidation (the “Plan of Liquidation”).
Terms of Continued Employment. Dear Bxxxxx: This letter agreement (this “Agreement”) sets forth the terms and conditions of your continued employment with Inspired Entertainment, Inc., a Delaware corporation (“Inspired” or the “Company”), as mutually agreed upon by you and the Company. For valuable consideration and intending to be legally bound, the parties agree as follows: