Examples of Qualified CFO in a sentence
By 9:00 a.m. (New York time) on the second Trading Day following the hiring of such Qualified CFO, the Company will file a Current Report on Form 8-K disclosing the information required by Item 5.02 of Form 8-K.
The Company shall enter into an employment agreement with the Qualified CFO for a term of no less than two years.
Should the Qualified CFO be dismissed at any time prior to the later to occur of the second anniversary of (x) his or her employment agreement or (y) the Closing Date, then the Company shall replace the Qualified CFO with a chief financial officer who fits the criteria set forth herein as soon as practicable.
Should the Qualified CFO be dismissed at any time while the Notes are outstanding, then the Company shall replace the Qualified CFO with a chief financial officer who fits the criteria set forth herein as soon as practicable.
The Company shall enter into an employment agreement with the Qualified CFO for a term of no less than two years; provided, however, that such employment agreement may contain provisions allowing the Company to terminate the CFO for reasonable cause at the Company’s discretion at any time and without penalty or the obligation to make severance payments, even prior to the expiration of the two year term set forth in this sentence.
Should the Qualified CFO be dismissed at any time prior to the second anniversary of the Closing Date, then the Company shall replace the Qualified CFO with a chief financial officer who fits the criteria set forth herein as soon as practicable.
To secure the hiring of a Qualified CFO, the Company has agreed that the Escrowed Amount be held in the Escrow Account unless and until a Qualified CFO has been appointed.
Should the Qualified CFO be dismissed pursuant to the preceding sentence at any time prior to two years from the Closing Date, the Company shall replace the Qualified CFO with a chief financial officer who fits the criteria set forth herein as soon as practicable.
To secure the Company’s employment of a Qualified CFO, $1,500,000 (the “Chief Financial Officer Holdback”) of the Offering proceeds shall be held in escrow and subject to the terms and provisions of the Holdback Escrow Agreement.
At any time that an Approved Management Agreement is not in effect, the Company’s chief operating officer will be a Qualified COO and the Company’s chief financial officer will be a Qualified CFO, in each case other than during a period not to exceed 90 days if such failure is due to the death, disability, resignation or termination of the person then acting as chief operating officer or chief financial officer.