Other Executive definition
Examples of Other Executive in a sentence
However, if the Executive or any Other Executive declines to appoint the purchaser representative designated by the Company, the Executive or such Other Executive, as the case may be, shall appoint another purchaser representative (reasonably acceptable to the Company), and such person shall be responsible for the fees of the purchaser representative so appointed unless such person is an Accredited Investor (as defined in Rule 501).
However, if the Director or any Other Executive declines to appoint the purchaser representative designated by the Company, the Director or such Other Executive, as the case may be, shall appoint another purchaser representative (reasonably acceptable to the Company), and such person shall be responsible for the fees of the purchaser representative so appointed unless such person is an Accredited Investor (as defined in Rule 501).
Each Investor and each Other Executive may elect to purchase any or all of the Available Shares by giving written notice to the Company within one month after the Option Notice has been given by the Company.
Each Investor and Other Executive will pay for Subject Shares to be purchased pursuant to the Repurchase Option by check or wire transfer of funds.
If the Company has not elected to purchase all of the Executive Stock to be transferred, each Investor and each Other Executive may elect to purchase all or any portion of the Executive Stock to be transferred upon the same terms and conditions as those set forth in the Sale Notice by giving written notice of such election to Executive within 40 days after the Sale Notice has been given to the Investors and each Other Executive.
The individuals eligible to participate in this Plan on the Effective Date shall include only the Senior Executive Officers and the Other Executive Officers of the Company who are designated in this Section.
As of the Closing, the Company shall not be subject to any obligation (contingent or otherwise) to repurchase or otherwise acquire or retire any shares of its capital stock or any warrants, options or other rights to acquire its capital stock, except pursuant to this Agreement, the Senior Management Agreements, the Other Executive Stock Agreements, the Purchase Agreement and the Stockholders Agreement.
From time to time the Compensation Committee, in its sole discretion, may provide for alternative supplemental pension benefits under this Section 3.03 for any Senior Executive Officer or Other Executive Officer in lieu of, and (in some cases) not in addition to, the benefits described in Section 3.01 or Section 3.02, whichever Section is applicable, because of special circumstances relating to such Executive's employment with the Employer.
Executive will use his best efforts to obtain the agreement of the prospective transferee(s) to the participation of each Investor and Other Executive desiring to participate in the contemplated Transfer and will not transfer any Executive Stock to the prospective transferee(s) if such transferee(s) refuses to allow the participation of such Investor and Other Executive.
Each Other Executive shall be entitled to a cash severance payment in the amount required under each Other Executive's respective employment agreement in effect as of the date of this Agreement.