Additional Employees definition
Examples of Additional Employees in a sentence
Additional Employees required for the job will be obtained in accordance with the Referral Rules.
The Key Management Team and the Additional Employees will, at or immediately prior to the Effective Time, contribute/exchange certain of their existing Company common shares to Moon Sub at a price per share equal to the Company Common Share Cash Merger Consideration (as defined in the Merger Agreement), invest their Initial Incentive Awards (as defined below) and/or invest cash in Moon Sub aggregating at least $20 million (the “Required Investment”).
In consideration of the contribution of the Required Investment to Moon Sub, the Key Management Team and the Additional Employees will receive equity interests in Moon Sub (the “Equity Interests”) having the same terms as the Equity Interests issued to Moon.
In addition to the Required Investment, the Key Management Team and the Additional Employees may also subscribe to purchase at the Effective Time up to an additional $7 million of Equity Interests by an additional contribution/exchange of vested common shares of the Company or by contributing cash to Moon Sub (subject to compliance with applicable federal and state securities laws) (the “Additional Subscription”).
During the Pre-Closing Period Parent, the Company and Purchaser shall collaborate in approaching all Company Employees, the employees who shall become Additional Employees and independent contractors in order to communicate to them the pending transactions hereunder, with the goal to ensure a smooth continuation of their engagement with the Company (or its relevant Affiliate, as applicable).