Management Retention Agreements definition
Examples of Management Retention Agreements in a sentence
Individuals in the positions outlined below who become entitled to benefits under the Severance Plan prior to providing twelve months of continued service to the Company will receive only the more limited benefits described below for “New Employees.” The Severance Plan supersedes and replaces the Management Retention Agreements that were in place between the Executive Officers and certain members of the Leadership Team on the one hand and the Company on the other hand.
Other than this Agreement and the Sorin Support Agreements and the Management Retention Agreements, there are no Contracts or any commitments to enter into any Contract between Cyberonics or any of its affiliates, on the one hand, and any director, officer, employee or shareholder of Sorin, on the other hand, relating to the transactions contemplated by this Agreement or the operations of the Sorin Merger Surviving Company or the Cyberonics Merger Surviving Corporation after the Effective Times.
Management Retention Agreements with Executive Officers In General We have entered into management retention agreements with each of our executive officers (including our Named Executive Officers) to provide for payments and certain benefits if they are terminated following a “Change in Control” (as defined below).
As a condition to the award, these executives have agreed to forfeit any right to cash severance pay under their Management Retention Agreements (or, with respect to Mr. Scott, under his Employment Agreement).
Program rozvoje územního obvodu Moravskoslezského kraje pro období 2005-2008.
Seller and Purchaser each acknowledges and agrees that the Target and/or other Acquired Companies have continuing obligations under the Management Retention Agreements to pay bonuses in the aggregate amount of up to the 2016 MIP Funding to the Key Managers in 2016 in accordance with terms thereof.
As a condition to the award, these executives would be required to agree to forfeit any right to cash severance pay under their Management Retention Agreements (or, with respect to Xx. Xxxxx, under his Employment Agreement).
Intrinsic Value Name ($) Steve Crimi 1,691,250 Randy Gast 1,560,700 Adriel Lares 2,316,272 Craig Nunes 1,752,457 Jeff Price 2,005,104 Jeannette Robinson 1,566,000 David Scott 5,246,759 Alastair Short 1,891,350 Ashok Singhal 1,984,826 Peter Slocum 2,212,800 Rusty Walther 2,161,800 Randall Weigel 2,322,516 Modifications to 3PAR Employment Agreement and 3PAR Management Retention Agreements.
The Management Retention Agreements shall be in full force and effect, and none of the parties thereto (other than Parent) shall have indicated an intention to repudiate, terminate or challenge the enforceability of any of those agreements.
Any rights created under the Management Retention Agreements and this Agreement shall be mere unsecured contractual rights of Trust Beneficiaries with respect to the Company.