Examples of Former Seller in a sentence
In the event that any Former Seller Shareholder shall be entitled to any fractional share interest then any fractional amount shall be rounded down to the nearest whole share.
To the extent that Parent and or Purchaser hire individuals who were employed by Seller as of the Closing Date ("Former Seller Employees"), Seller hereby agrees that it shall cause the accounts, if any, of such Former Seller Employees in Seller's 401(k) Plan to be distributed as provided by Code Section 401(k)(10)(A)(ii).
On or before the Closing Date, Former Seller Stockholders and stockholders of the Surviving Corporation shall deliver to Purchaser, with a copy to the Stockholder Representative, consents pursuant to Regulation 1.1362-6(a)(5) of the Code, effective as of the Effective Time.
In the event the Stockholder Representative and the Purchaser cannot reach an agreement on the calculation, an independent accounting firm to be mutually agreed upon by the Purchaser and Stockholder Representative shall determine the correct amount of the Calculation, which determination shall be binding on the Former Seller Stockholders and the Purchaser.
Unused vacation pay which has been accrued as of the Closing Date by any Former Seller Employees shall be paid to such employees by Seller on or before the Closing Date if required by Seller’s policies or applicable law.
In the event that any Former Seller Shareholder shall be entitled to any fractional share interest, then any fractional amount shall be rounded down to the nearest whole share.
In the event that any Former Seller Stockholder shall be entitled to any fractional share interest, then any fractional amount shall be rounded down to the nearest whole share.
Buyer and Seller each shall have the right at all times, subject to the reasonable approval of Buyer or Seller, as the case may be, to post and keep posted on the Former Seller Properties any notices permitted or required by law, or which they shall reasonably deem proper for the protection of their interests.
The Parties shall coordinate with each other as to the issuance of any incentive payment to Former Seller Employees or Seller’s employees that would be in the best interest of Xxxxx and Seller.
Seller has accrued on its books and records all obligations for salaries, vacations, benefits and other compensation with respect to its Seller Employees and any of its Former Seller Employees (as defined below), to the extent required by GAAP, including, but not limited to, severance, bonuses, incentive and deferred compensation, and all commissions and other fees payable to salespeople, sales representatives and other agents.