KERP Participants definition
Examples of KERP Participants in a sentence
The notice of exercise of the IWC Option once served shall be irrevocable and binding on the IWC Group and may not be withdrawn without the prior written consent of Asia Pacific.
Purchaser has previously been provided the forms of the KERP Letters in addition to a current listing (pursuant to Section 5.4 of the Seller Disclosure Letter) of the KERP Participants.
For the benefit of the KERP Participants, Purchaser agrees and acknowledges that the KERP Letters shall be on the list of Assigned Contracts and Leases on Schedule 2.1(b) and Purchaser shall assume and discharge all liabilities (such liabilities to be Assumed Liabilities hereunder) arising under the KERP, irrespective of whether any particular KERP Participant is a Transferred Employee.
Acquiror shall have received executed Joinder Agreements from (i) Company Securityholders representing, in the aggregate, Overall Pro Rata Portions of more than eighty-two percent (82%) (assuming the greatest possible Total Earnout Consideration), and (ii) all Key Employees, Company KERP Participants, and Company Board Plan Participants.