Common Contracts
2 similar Employment Agreement contracts by Glenayre Technologies Inc
May 9, 2005Employment Agreement • June 3rd, 2005 • Glenayre Technologies Inc • Radio & tv broadcasting & communications equipment • New York
The purpose of this letter agreement is to confirm our mutual understanding of the terms of your employment by Glenayre Electronics, Inc. (“Glenayre”) to serve as an executive officer of Entertainment Distribution Company, LLC (the “Company”). As you know, Glenayre and the Company have executed and delivered today definitive agreements for the acquisition by the Company and its affiliates of substantially all of the assets of UMG Manufacturing & Logistics, Inc. and Universal Music & Video Distribution Corp. and 100% of the stock of Universal Manufacturing and Logistics GmbH (the “Acquisition”). This letter agreement shall become effective on the date of the closing of the Acquisition (the “Closing Date”) without further action of any party hereto; provided, that should the Acquisition fail to close on or before August 31, 2005 or such other date mutually agreed in writing by you and Glenayre, this letter agreement will be terminated ab initio and be of no force or effect.
May 9, 2005Employment Agreement • June 3rd, 2005 • Glenayre Technologies Inc • Radio & tv broadcasting & communications equipment
The purpose of this letter agreement is to confirm our mutual understanding of the terms of your employment by Glenayre Electronics, Inc. (“Glenayre”) to serve as an executive officer of Entertainment Distribution Company, LLC (the “Company”). As you know, Glenayre and the Company have executed and delivered today definitive agreements for the acquisition by the Company and its affiliates of substantially all of the assets of UMG Manufacturing & Logistics, Inc. and Universal Music & Video Distribution Corp. and 100% of the stock of Universal Manufacturing and Logistics GmbH (the “Acquisition”). The “Effective Date” of this letter agreement will be the date of closing of the Acquisition without further action of any party hereto; provided, that should the Acquisition fail to close on or before August 31, 2005 or such other date mutually agreed in writing by you and Glenayre, this letter agreement will be terminated ab initio and be of no force or effect.
