Examples of Reorganized Entity in a sentence
Executive, without the consent of any prior Beneficiary, may change his designation of Beneficiary or Beneficiaries at any time or from time to time by submitting to the Debtor or the Reorganized Entity, as applicable, a new designation in writing.
If Executive dies prior to receiving all of the ----------- amounts payable to him in accordance with the terms and conditions of this Agreement, such amounts shall be paid to the beneficiary ("Beneficiary") ----------- designated by Executive in writing to the Debtor or the Reorganized Entity, as applicable, during his lifetime, or if no such Beneficiary is designated, to Executive's estate.
During the Employment Period, and excluding any periods of disability, vacation, or sick leave to which Executive is entitled, Executive agrees to devote his full attention and time to the business and affairs of the Companies or the Reorganized Entity.
In addition, to the extent that the Reorganized Entity is comprised of more than one entity, the obligations of the Reorganized Entity to Executive under this Agreement shall be joint and several.
The Debtor or the Reorganized Entity, as ------------------- applicable, shall give Executive a reasonable opportunity to review and comment on any public announcement relating to this Agreement or Executive's employment by the Debtor or the Reorganized Entity, as applicable.
During the Employment Period, Executive shall be -------- entitled to receive prompt reimbursement for all reasonable employment-related expenses incurred by Executive upon the receipt by the Debtor or the Reorganized Entity, as applicable, of an accounting for such expenses in accordance with the practices, policies and procedures applicable to other senior executives of the Debtor or the Reorganized Entity, as applicable.
During the Employment Period, Executive shall devote substantially all of his business time, attention and effort to the affairs of the Companies or the Reorganized Entity and shall use his reasonable best efforts to promote the best interests of the Companies or the Reorganized Entity.
The Debtor's or the Reorganized Entity's --------------- obligations to make the payments provided for in this Agreement and otherwise to perform their obligations hereunder shall not be affected by any circumstances, including set-off, counterclaim, recoupment, defense or other claim, right or action which the Debtor or the Reorganized Entity, as applicable, may have against Executive or others.
Any increase in Base Salary shall not limit or reduce any other obligation of the Debtor or the Reorganized Entity to Executive under this Agreement.
Any claim which the Debtor or the Reorganized Entity, as applicable, may have against Executive, whether for a breach of this Agreement or otherwise, shall be brought in a separate action or proceeding and not as part of any action or proceeding brought by Executive to enforce any rights against the Debtor or the Reorganized Entity, as applicable, under this Agreement.