Examples of Employee Retention Agreements in a sentence
Notwithstanding anything to the contrary in Section 5.6(a), the consummation of the Restructuring Transactions and any associated organizational changes shall constitute a “Change of Control” under all prepetition Key Employee Retention Agreements.
On the Effective Date, the Reorganized Debtors shall be deemed to have assumed all prepetition Key Employee Retention Agreements.
Additionally, on April 21, 1999, Nu-kote filed a Motion to Approve Key Employee Retention Agreements (the "EMPLOYEE RETENTION MOTION").
As detailed herein, on June 10, 1999, the Bankruptcy Court entered its order approving the Motion to Approve Key Employee Retention Agreements filed by the Debtors.
In addition, the Buyer hereby acknowledges and agrees that any funds received, or otherwise recovered, by the Company, under the terms of the Employee Retention Agreements or the Employee Retention Escrow Agreement, whether from an employee in the form of a refund or the Escrow Agent as a forfeiture, shall be delivered immediately to the Seller Representative as additional Purchase Price when received by the Company.
Key Employee Retention Agreements – Retention agreements with Xxxxxx, Xxxxxxx Xxxxxxx, Xxxxxxx Xxxxxx, Xxxxxx Xxxxxxxx, Xxxxx Xxxxxxxx, and each other Key Employee who agrees to sign such an agreement (collectively, the “Retention Agreements”), in form and substance satisfactory to Buyer, in its sole discretion, duly executed by each such individual; f.
The Seller hereby agrees that it shall be liable to make payment to the Company equal to all payments due and owing under the Key Employee Retention Agreements and Other Incentive Agreements.
Each of the Specified Employees shall be employed with the Company and the offer letters, Employee Retention Agreements and Proprietary Information, Inventions and Non-Competition Agreements with the Company to which they are parties shall be in full force and effect.
Buyer shall reimburse Seller for any Seller Retention Payments made to Buyer which are not paid by Buyer to the Key Executives pursuant to the terms of the Key Employee Retention Agreements within two (2) business days after the date that payment was due to the Key Employee (“Buyer Reimbursements”).
In furtherance thereof, Seller shall pay to the Company the amount certified by the Company as due and owing under the terms of such Key Employee Retention Agreements and Other Incentive Agreements from time to time, within 30 days after receipt of such certification, including proof of compliance by the applicable employees with the requirements of the relevant retention and incentive agreements.