Examples of Iron Age in a sentence
Further, Holdings shall, or shall cause Iron Age to, continue to provide the Executive, during the period between his Date of Termination and the first anniversary of his Date of Termination, coverage under all group medical, hospital and life insurance plans and policies maintained by Holdings or Iron Age in which the Executive would have been entitled to participate under Appendix II had the Executive been employed hereunder during such period.
After the Non Competition Period End Date, the taking by the Executive of any action or actions which, if taken prior to the Non Competition Period End Date, would have given rise to a breach or violation of this paragraph 7, shall relieve Holdings and Iron Age from any obligation to make subsequent payments, or provide subsequent benefits, pursuant to this Agreement in respect of participation in any group medical, hospital or life insurance plans or policies.
The Executive shall devote all his working time (reasonable sick leave and incapacity excepted) and best efforts to the business and affairs of Holdings and Iron Age.
Notwithstanding any provision of this Agreement to the contrary, Holdings and Iron Age shall be jointly and severally liable to the Executive, his surviving spouse, and Executive's heirs or personal representatives for all payment obligations under this Agreement, including, without limitation, the payment obligations under Sections 4, 9, 12 and 14.
Holdings and Iron Age shall each require any successor (whether direct or indirect, by purchase, merger, reorganization, consolidation, acquisition of property or stock, liquidation, or otherwise) to all or substantially all their respective assets expressly to assume and agree to perform this Agreement in the same manner and to the same extent that Holdings or Iron Age would be required to perform this Agreement if no such succession had taken place.
The Executive agrees to serve without additional compensation, if elected or appointed thereto, in one or more additional positions as an officer or director of Holdings or Iron Age or any of their Subsidiaries.
This Section 12 shall not apply to an action commenced between Holdings or Iron Age and the Executive.
Expenses incurred by the Executive in defending a claim, action, suit or investigation or criminal proceeding shall be paid by Holdings or Iron Age in advance of the final disposition thereof upon the receipt by Holdings or Iron Age of an undertaking by or on behalf of the Executive to repay said amount unless it shall ultimately be determined that the Executive is entitled to be indemnified hereunder.
All payments made by Holdings or Iron Age under this Agreement shall be reduced by the amount of any tax or other amounts required to be withheld by Holdings or Iron Age under applicable legal requirements.
In addition, Holdings shall, or cause Iron Age to, continue to provide the Executive's surviving spouse, during the period beginning on the Executive's death and ending on the earlier of the surviving spouse's 65th birthday or the Expiration Date, coverage under all group medical and hospital plans or policies maintained by Holdings or Iron Age in which the Executive would have been entitled to participate under Appendix II had the Executive been employed hereunder during such period.