Examples of Key Employee Retention Agreements in a sentence
The Key Employee Retention Agreements shall be Filed with the Plan Supplement and implemented on or soon after the Effective Date.
Notwithstanding anything to the contrary in Section 5.6(a), the consummation of the Restructuring Transactions and any associated organizational changes shall constitute a “Change of Control” under all prepetition Key Employee Retention Agreements.
On the Effective Date, the Reorganized Debtors shall be deemed to have assumed all prepetition Key Employee Retention Agreements.
The terms of such plan are set forth in the Key Employee Retention Agreements that are included in the Plan Supplement.
As detailed herein, on June 10, 1999, the Bankruptcy Court entered its order approving the Motion to Approve Key Employee Retention Agreements filed by the Debtors.
All documents and agreements necessary to implement the Plan, including without limitation, the New Secured Debt Documents, the New Membership Interests, the New Organizational Documents and the Key Employee Retention Agreements, in each case in form and substance acceptable to the Debtors and the Supporting Noteholders, will have (a) been tendered for delivery, and (b) been effected by, executed by, or otherwise deemed binding upon, all Entities party thereto.
Additionally, on April 21, 1999, Nu-kote filed a Motion to Approve Key Employee Retention Agreements (the "EMPLOYEE RETENTION MOTION").
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Payments of Severance Benefits and Retention Bonus set forth herein, along with all other payments pursuant to Key Employee Retention Agreements, Key Executive Retention and Severance Agreements, and the Supplemental Unemployment Benefit Plan, are subject to a "cumulative cap" of Eight Million Five Hundred Thousand Dollars ($8,500,000).
The Company acknowledges and agrees that it is a condition precedent to closing the transactions contemplated by this Agreement (unless waived by Buyer), that the Key Employee Retention Agreements or Retention Letters, as the case may be, requested by Buyer are executed and delivered at Closing.