Post Parties definition
Examples of Post Parties in a sentence
For the avoidance of doubt, the incentive compensation may be apportioned between and actually paid on the payrolls of the various Post Parties.
Executive acknowledges that the restrictions, prohibitions, and other provisions set forth in this Agreement, including without limitation the Restricted Period and those set forth in Sections 7, 8, 9, and 10, are reasonable, fair and equitable in scope, terms, and duration; are necessary to protect the legitimate business interests of the Post Parties; and are a material inducement to the Post Parties to enter into this Agreement.
During the Restricted Period, Executive shall not serve as an employee, independent contractor, or otherwise render any advice or services similar to those listed in Section 2 of this Agreement, directly or indirectly, to any person, firm, entity or corporation listed on Appendix A of this Agreement with respect to its operations in markets where the Post Parties or a Post Affiliate is currently engaged in business.
Each of the Post Parties and each of their Subsidiaries, as appropriate, shall be responsible for all administrative and financial matters relating to insurance policies established and maintained by the Post Parties and each of their Subsidiaries for claims relating to any period at or after the Effective Time involving any Post Party or any of its Subsidiaries.
If Executive's employment terminates under the circumstances described in Section 6.1 or Section 6.3, Executive expressly waives Executive's right, if any, to have any payment made under Section 6.1 taken into account to increase the benefits otherwise payable to, or on behalf of, Executive under any employee benefit plan, whether qualified or unqualified, maintained by the Post Parties or a Post Affiliate.
Executive further agrees that Executive and the Post Parties will, in return for additional consideration, agree to update Appendix A in connection with the annual renewal of this Agreement in order to fairly include only the Post Parties' principal competitors.
Executive acknowledges that the Post Parties and Post Affiliates shall disclose or make available Confidential Information and Trade Secrets to Executive that could be used by Executive to the Post Parties' or Post Affiliates' detriment.
In addition to the Post Parties' holidays, Executive shall be eligible to take up to four (4) weeks (20 business days) of vacation during each calendar year.
At regular intervals the Post Parties shall continue to retain Compensation Consultants to assure that the total compensation paid to Executive is comparable to that being paid to executives at comparable Apartment REITs, and/or other REITs of a similar size, all as determined by the Compensation Committee.
This Agreement is also designed to provide additional motivation for meeting the Post Parties' goals and objectives, to address potential long term employment concerns of Executive, and to impose certain reasonable restrictions on Executive's activities designed to protect the Post Parties' interests should Executive's employment terminate.