Examples of LiveWire Group in a sentence
If such National Tax Counsel so requests in connection with its opinion, the Executive and the LiveWire Group Employer shall obtain, at the LiveWire Group Employer’s expense, and the National Tax Counsel may rely on in providing the opinion, the advice of a firm of recognized executive compensation consultants as to the reasonableness of any item of compensation to be received by the Executive.
If the LiveWire Group or any member of the LiveWire Group shall be merged into or consolidated with another entity, the provisions of this Plan shall be binding upon and inure to the benefit of the entity surviving such merger or resulting from such consolidation.
If there is no such policy or such term is not defined therein, then “Disability” shall mean the Executive’s incapacity due to physical or mental illness causing the Executive to be absent from the full-time performance of his or her duties with the LiveWire Group Employer for at least sixty (60) consecutive days.
In addition, if prior to the date of payment of the benefits hereunder, the Federal Insurance Contributions Act (FICA) tax imposed under Code Sections 3101, 3121(a) and 3121(v)(2), where applicable, becomes due, the LiveWire Group may provide for an immediate payment of the amount needed to pay the Executive’s portion of such tax (plus an amount equal to the income taxes that will be due on such amount) and the Executive’s remaining benefits under this Plan shall be reduced accordingly.
If, however, Executive does formally assert one or more Claims in a writing submitted to the LiveWire Group, or in a writing submitted to or filed with an appropriate body to determine such Claims, for the legal enforcement of such Claims, such writing shall constitute an irrevocable waiver and disclaimer of the Executive’s benefits and rights under this Plan.
The Executive is not entitled to severance, termination or similar benefits pursuant to the terms of an individual agreement in effect between the Executive and any member of the LiveWire Group or an affiliate of the LiveWire Group.
Nothing in this Plan shall be construed to prevent the LiveWire Group Employer from terminating the Executive’s employment either for Cause or without Cause.
As the controlling shareholder, the Company consolidates LiveWire Group, Inc.
This Plan shall be binding upon, inure to the benefit of and be enforceable by the LiveWire Group and the Executive and their respective heirs, legal representatives, successors and assigns.
Employee Incentive Plan as a group, multiplied by (B) the base salary actually paid to the Executive during the portion of the performance period (and prior to the Date of Termination) during which the Executive was employed in an eligible employment position by any member of the LiveWire Group.