Examples of Anniversary Date of this Agreement in a sentence
On the Anniversary Date of this Agreement, Sucampo reserves the unilateral right to modify any term of this Agreement except for the Protected Provisions so long as Sucampo complies with the notice requirements in Section A(2) above.
Commencing on the first Anniversary Date of this Agreement, and continuing at each Anniversary Date thereafter, the Agreement shall automatically renew for one (1) additional year beyond the then effective expiration date only upon a determination and resolution of the Board of Directors that the performance of the Executive has met the requirements and standards of the Board and that such term shall be extended.
On each Anniversary Date of this Agreement and immediately prior to the payment of any benefits, but only until commencement of the benefit payments under this Agreement, interest is to be accrued on the account balance and compounded at an annual rate equal to the Wall Street Journal Prime Rate on the first business day of the Plan Year.
Notwithstanding anything provided to the contrary, on each Anniversary Date of this Agreement, this Agreement and Executive’s employment shall automatically be renewed and extended (upon the same terms and conditions) for a new two (2) year term unless written notice by either party is given pursuant to Section 1.2 below.
On the Anniversary Date of this Agreement, Sucampo reserves the unilateral right to modify any term of this Agreement except for the terms of Section B.1, Section H.
On each Anniversary Date of this Agreement prior to any payment of pre-retirement or post-retirement benefits, and during the payment of any pre-retirement benefits or post-retirement benefits, interest is to be accrued on the account balance and compounded at an annual rate equal to the Wall Street Journal Prime Rate plus one and one half percent on the first business day of the Plan Year, compounded monthly.
On each Anniversary Date of this Agreement prior to any payment of pre-retirement or post-retirement benefits, and during the payment of any pre-retirement benefits or post-retirement benefits, interest is to be accrued on the account balance and compounded at an annual rate equal to the WALL STREET JOURNAL Prime Rate plus one and one half percent on the first business day of the Plan Year, compounded monthly.
Upon each Anniversary Date of this Agreement, the Board of Directors of the Company ("Board") shall review the terms of this Agreement and the Executive's performance of services hereunder and may, in the absence of objection from the Executive, approve an extension of the Employment Agreement to a new three year term.
The options will vest as follows: one third on the first Anniversary Date of this Agreement; one third on the second Anniversary Date of this Agreement and one third on the third Anniversary Date of this Agreement.
On each Anniversary Date of this Agreement and immediately prior to the earlier of payment of any benefits or Termination of Employment due to Disability, the Company shall credit interest on the Deferral Account balance at an annual rate equal to the Modified Return on Equity of the Company for the Plan Year; provided, however, that such interest rate shall be no less than six (6.0%), nor greater than twelve percent (12.00%).