Parent Employment Agreement definition

Parent Employment Agreement means any material contract, offer letter or agreement of Parent or any Parent Subsidiary with or addressed to any individual who is rendering or has rendered services thereto as an employee or consultant pursuant to which Parent or any Parent Subsidiary has any actual or contingent liability or obligation to provide compensation and/or benefits in consideration for past, present or future services.
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Parent Employment Agreement means a contract, offer letter or agreement of Parent or any of its Subsidiaries with or addressed to any individual who is rendering or has rendered services thereto as an employee or consultant pursuant to which Parent or any of its Subsidiaries has any actual or contingent liability or obligation to provide compensation and/or benefits in consideration for past, present or future services.
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Parent Employment Agreement has such meaning as set forth in Section 7.3(f).
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Examples of Parent Employment Agreement in a sentence

  • Notwithstanding anything in this Section 6.4 to the contrary, nothing in this Agreement, whether express or implied, shall be treated as an amendment or other modification of any Company Benefit Plan, Company Employment Agreement, Parent Benefit Plan, Parent Employment Agreement or any other employee benefit plans of the Company or Parent.

  • Levy agrees to release and forever discharge the Parent, its principals, partners, agents and employees from all claims, costs and expenses incurred by Levy arising from or related to the actions and conduct of the Parent and/or its officers, directors, employees, or agents in connection with the execution and subsequent rescission of the Parent Employment Agreement.

  • Parent Employment Agreement for Murugesan “Raj” Shanmugaraj Under the employment agreement entered into between Parent and Murugesan “Raj” Shanmugaraj on July 8, 2019 to be effective upon the closing of the merger, which we refer to as the Shanmugaraj agreement, Mr. Shanmugaraj is expected to remain employed for at least two years following the closing date of the merger, which we refer to as the minimum employment period.

  • If the Executive does not enter into the new Parent Employment Agreement as of the Closing Date, if the Executive’s employment with the Company terminates without Cause on or before the Closing Date, and if the Executive does not become a director of the Parent, the Parent will pay the Executive $1,200,000 in bi-weekly installments over the three-year non-competition period.

  • The covenants shall apply without regard to whether the Executive enters into the new Parent Employment Agreement as of the Closing Date.

  • New Parent Employment Agreement The Executive and the Bank will enter into a new three-year Employment Agreement as of the Closing Date, which will include non-competition and non-solicitation covenants described below.

  • Parent Employment Agreement for Mehrdad Givehchi Under the Employment Agreement entered into between Parent and Mehrdad Givehchi on July 8, 2019 to become effective upon the closing of the merger, which we refer to as the Givehchi agreement, Mr. Givehchi’s base salary will be $300,000 per annum.

  • The new Parent Employment Agreement will include the foregoing covenants.

  • Xxxxx Xxxxxxxx, MD ("Geerlofs") will enter into an employment agreement with the Parent ("Employment Agreement") in the form attached hereto as Exhibit A.

  • Xxxxx of employment agreements with Parent in the form attached hereto as Exhibit G (the "Parent Employment Agreement").


More Definitions of Parent Employment Agreement

Parent Employment Agreement has the meaning set forth in Section 6.3(i).
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Parent Employment Agreement has the meaning specified in the recitals.
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Parent Employment Agreement means each employment agreement, dated as of the date hereof and effective subject to and as of the Closing, in substantially the form set forth on Exhibit 7.2(g)(i) hereto, between Parent and each employee party thereto.
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Parent Employment Agreement means any Employment Agreement as it pertains to Parent and its Affiliates.
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Related to Parent Employment Agreement

  • Prior Employment Agreement has the meaning set forth in the recitals hereto.

  • Employment Agreements has the meaning set forth in Section 7.05.

  • Company Employee Agreement means each management, employment, severance, retention, transaction bonus, change in control, consulting, relocation, repatriation or expatriation agreement or other Contract between: (a) any of the Company Entities or any Company Affiliate; and (b) any Company Associate, other than any such Contract that is terminable “at will” (or following a notice period imposed by applicable Legal Requirements) without any obligation on the part of any Company Entity or any Company Affiliate to make any severance, termination, change in control or similar payment or to provide any benefit.

  • Employment Agreement means any employment, severance, retention, termination, indemnification, change in control or similar agreement between the Company or any of its Subsidiaries, on the one hand, and any current or former employee of the Company or any of its Subsidiaries, on the other hand.

  • Parent Employee means, a current employee of Parent or any of its Subsidiaries.

  • Employment Contract means any contract between the Corporation or any Designated Affiliate and any Eligible Employee, Eligible Director or Other Participant relating to, or entered into in connection with, the employment of the Eligible Employee, the appointment or election of the Eligible Director or the engagement of the Other Participant or any other agreement to which the Corporation or a Designated Affiliate is a party with respect to the rights of such Participant in respect of a change in control of the Corporation or the termination of employment, appointment, election or engagement of such Participant;

  • Current Employee has the meaning set forth in Section 7.8(a).

  • Post-Employment Period means the eighteen month period beginning on the date of termination of the Executive's employment with the Employer. If any covenant in this Section 8.2 is held to be unreasonable, arbitrary or against public policy, such covenant shall be considered to be divisible with respect to scope, time, and geographic area, and such lesser scope, time, or geographic area, or all of them as a court of competent jurisdiction may determine to be reasonable, not arbitrary, and not against public policy, shall be effective, binding, and enforceable against the Executive. The period of time applicable to any covenant in this Section 8.2 will be extended by the duration of any violation by the Executive of such covenant. The Executive shall, while the covenant under this Section 8.2 is in effect, give notice to the Employer, within ten days after accepting any other employment, of the identify of the Executive's employer. The Employer may notify such employer that the Executive is bound by this Agreement and, at the Employer's election, furnish such employer with a copy of this Agreement or relevant portions thereof.

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "EMPLOYEE BENEFIT PLAN," within the meaning of Section 3(3) of ERISA which is maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

  • Severance Agreement means the Amended and Restated Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

  • Noncompetition Agreement shall have the meaning set forth in Section 5.9 of this Agreement.

  • Non-Competition Agreement has the meaning set forth in Section 2.1 of this Agreement.

  • Permanent Employee means an employee who has successfully completed probationary period on initial appointment.

  • Current Employees has the meaning set forth in Section 5.6(a).

  • Employee Agreement means each management, employment, severance, consulting, relocation, repatriation, expatriation, visas, work permit or other agreement, contract or understanding between the Company or any Affiliate and any Employee;

  • Permanent Employees means all employees who are not casual employees, or employees working in a long-term supply assignment, as defined below.

  • Replacement Employee means an employee specifically engaged to replace an employee proceeding on parental leave.

  • Noncompetition Agreements as defined in Section 2.4(a)(iv).

  • Separation Plan means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto.

  • Company Employee means an employee of the Company or an employee of a Subsidiary of the Company, if any.

  • Management Employee means an employee having responsibility for formulating, administering or managing the implementation of District policies and programs.

  • Employment Business means as per the Employment Agencies Xxx 0000 and the Conduct of Employment Agencies and Employment Businesses Regulations 2003, an Employment Business is a business that offers contracts of employment to temporary workers, whose services are then temporarily offered on secondment to Framework Public Bodies.

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • self-employment route means assistance in pursuing self-employed earner’s employment whilst participating in—

  • Non-Competition Agreements has the meaning set out in Section 7.1.1.7;

  • Consulting Agreement means any written or oral agreement to retain the services, for a fee, of a consultant for the purposes of (A) providing counsel to a contractor, vendor, consultant or other entity seeking to conduct, or conducting, business with the State, (B) contracting, whether in writing or orally, any executive, judicial, or administrative office of the State, including any department, institution, bureau, board, commission, authority, official or employee for the purpose of solicitation, dispute resolution, introduction or requests for information or (C) any other similar activity related to such contracts.