Examples of Executive Securities Agreement in a sentence
Any management or other key employee of the Company or its subsidiaries who purchases securities pursuant to an Executive Securities Agreement may at any time after the date hereof, with the written approval of the Company, become a party to this Agreement by executing a counterpart to this Agreement agreeing to be bound by the provisions hereof as if such Person were an original signatory hereto (which joinder shall not constitute an amendment, modification, or waiver hereof).
Executive hereby acknowledges that the provisions of Section 6 above are in consideration of (i) employment (as employee or consultant) with the Company, (ii) the issuance of certain securities of Xxxxxxx under the Executive Securities Agreement between Executive and Xxxxxxx and (iii) additional good and valuable consideration as set forth in this Agreement.
This Note was issued in connection with and is subject to the terms of the Executive Securities Agreement, dated as of the date hereof, between Sovereign Speciality Chemicals, L.P., a Delaware limited partnership (the "Partnership"), Sovereign Chemicals Corporation, a Delaware corporation (the "General Partner") and Executive (the "Executive Agreement").
Executive hereby acknowledges that the provisions of Section 7 above are in consideration of (i) employment (as employee or consultant) with the Company, (ii) the issuance of certain securities of Xxxxxxx under the Executive Securities Agreement between Executive and Xxxxxxx and (iii) additional good and valuable consideration as set forth in this Agreement.
If there are past revenues or expenditures which an agency proposes to exclude from the baseline maintenance of effort calculations, or if an agency is unable to meet the baseline maintenance of effort in a given year, the agency must provide a written justification for such exclusion for consideration by the RTC and the Measure D Oversight Committee.
Except as otherwise provided in this Agreement or the Executive Securities Agreement, this Option may be exercised at any time and from time to time after the date hereof as to part or all of the Units hereunder prior to termination of this Option as provided herein.
Except as otherwise provided in this Section 3 or as otherwise provided in the Executive Securities Agreement, this Option may not be exercised unless the Optionee, at the time he or she exercises this Option, is, and has been at all times since the date of grant of this Option, an employee or officer of the Company (an "Eligible Optionee").
In the event of any conflict between the terms of the Executive Securities Agreement, on the one hand, and the Plan or this Agreement, on the other hand, the terms of the Executive Securities Agreement shall control.
This Agreement shall not affect Executive's rights, duties and obligations under the Executive Securities Agreement dated March 31, 1996 or any other agreement with respect to Executive's ownership interests in the Partnership or SCC.
Any Executive Securities granted hereunder shall be subject to the repurchase rights set forth in the Executive Securities Agreement.