Profit Participation Plan definition
Examples of Profit Participation Plan in a sentence
Notwithstanding anything to the contrary contained herein, the General Partner shall not in any way amend the Profit Participation Plan absent the written consent of each Partner hereto.
Deferred Compensation Profit Participation Plan and (iii) the value (as reasonably determined by the Compensation Committee) of any additional shares of preferred stock awarded to Executive with respect to fiscal year 2005 by Starr and any growth in book value in respect of 2005 attributable to any common stock of Starr held by Executive.
Prior to Closing, AKD intends to acquire the interest of all Persons who are participants under that certain Profits Participation Plan and to terminate such Profit Participation Plan, and nothing contained in this Section 6.5 shall restrict the right of AKD to take such actions or require the consent of GCI prior to taking such actions.
As soon as practicable after Closing, the board of directors of the Israeli Target Company and Seller shall determine the amount payable under section 8 of the Profit Participation Plan to each participant in such plan as a result of the Transactions.
As of the Termination Date, Employee shall be 100% vested in all company contributions under the Company's Profit Participation Plan and Retirement Account and all amounts credited to Employee under the Retirement Account shall be fully portable.
Without limitation of the foregoing, Executive expressly acknowledges and agrees that any previous arbitration, non-disclosure, or non-disparagement agreements between Executive and Rubicon, including, without limitation, Executive’s obligations under any Rubicon Global Holdings, LLC Profit Participation Plan and any Incentive Unit Award Agreement, shall remain in full force and effect notwithstanding this Agreement (the “Other Agreements”).
It is the mutual intent of the Company and the Employee that Employee’s participation in and entitlement to any monies from the Summerville Profit Participation Plan will cease as of the Effective Date.
Chance will not be eligible to receive additional compensation under the Company's compensation plans, such as the Profit Participation Plan and the Long Term Incentive Plan.
Seller shall pay the aggregate amount of such payments to the Israeli Target Company sufficiently in advance so as to permit timely payment of amounts payable to such participants in accordance with section 8 of the Profit Participation Plan.
Subject to Section 2.5, Buyer shall cause the Israeli Target Company to pay such amounts payable to participants in the Profit Participation Plan through the Israeli Target Company’s payroll account on the first payroll date after receipt of such funds from Seller.