Examples of KERP Agreement in a sentence
Under the terms your Key Employee Retention Bonus letter agreement with the Company dated October 2, 2018 (the “KERP Agreement”), you will not be required to repay any portion of the bonus paid to you pursuant to the KERP Agreement.
It is my understanding that the Debtors do not owe any prepetition amounts on account of a KERP Agreement.
Upon necessity, the Company shall determine the scope of the confidential information and the procedure of performance of any transactions with using the same.
Pursuant to the terms of the Norfolk KERP Agreement (the "KERP Agreements") the Norfolk Key Employees are entitled to one (1) payment under the proposed Norfolk KERP within ten (10) days after the Norfolk Transaction closes, but only if certain conditions, including that the Norfolk Key Employee has remained an employee of FIGR Norfolk up to the closing date of the Norfolk Transaction, are met.30.
The payments and benefits under the KERP Agreement and KERP Amendment are intended to be exempt from Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and guidance promulgated thereunder (collectively “Section 409A") and, accordingly, to the maximum extent permitted this KERP Amendment will be interpreted to be exempt from Section 409A.
The schedule to the KERP Agreement contain sensitive personal information about the employees of IMV who are participating in the KERP.
This is being implemented in Department of Telecommunications, necessary infrastructure and readiness for implementing the e-payment using GePG website has been initiated by DoT.
To the maximum extent permitted by law, the KERP Agreement and KERP Amendment are governed by and to be construed in accordance with the laws of the State of Delaware, without regard to conflicts of law principles thereof.
In case any provision in the KERP Agreement or KERP Amendment is or is found to be invalid, illegal, or unenforceable, the validity, legality, and enforceability of the remaining provisions are not in any way affected or impaired thereby.
Failure by either party to exercise, or any delay in exercising any right or remedy provided under the KERP Agreement or KERP Amendment or by law does not constitute a waiver of that or any other right or remedy nor will it prevent or restrict any further exercise of that or any other right or remedy.