Examples of NBP LLC in a sentence
NBP LLC shall perform all payroll functions for payment of NBP LLC and NBI employees.
NBP LLC shall provide accounting and financial reporting services as reasonably required by NBI, operations.
NBI agrees that employees of NBP LLC and its subsidiaries may be eligible to receive awards under the NBI Equity Incentive Plan.
The parties shall report an Exchange consummated pursuant to this Agreement as a taxable sale of NBP LLC Units by the exchanging Member to National Beef and no party shall take a contrary position on any tax return.
NBI shall assume and honor all unused vacation and other time-off earned or accrued by Service Employees for service with NBP LLC prior to the Effective Date (which shall be reimbursable as Employee Costs).
NBP LLC shall be designated as the common paymaster for NBP LLC and NBI and shall be responsible for payroll tax withholding, remission and payroll tax reporting of compensation for NBP LLC and NBI employees.
This Agreement may not be amended, modified, altered or supplemented except by means of a written instrument executed on behalf of each of NBI and NBP LLC and approved as provided in Section 6.6 of the LLC Agreement.
This Agreement shall terminate, with no further action necessary by either NBP LLC or NBI, on the date that NBI ceases to be the Manager of NBP LLC pursuant to the terms of the LLC Agreement.
This right to indemnification is non-exclusive, and does not limit any right an NBI Indemnified Party may have under the NBP LLC Limited Liability Company Agreement.
During the term of this Agreement, NBP LLC shall pay NBI a monthly fee (the “Services Fee”) for performance of the Management Services equal to the Aggregate Employee Costs for such month.