Retention Arrangements definition

Retention Arrangements means the Company's employee retention plan and key executive retention plan described in Part 2.5 of the Company Disclosure Schedule.

Retention Arrangements means those certain agreements listed on Annex III attached hereto between Employees of the Business and Parent or one of the Target Companies or Target Subsidiaries.

Retention Arrangements. On first anniversary of the merger closing date, unless Executive has terminated employment for other than Good Reason (as defined in the severance agreement) before that date, payout of an award equal to 3x the higher of (i) the aggregate base salary and bonus paid in respect of FY '98 performance or (ii) the aggregate of $350,000 and the bonus payable in respect of FY '99 performance applying the applicable bonus to an assumed $350,000 base salary in lieu of any and all rights under Article V of the severance agreement (subject to termination terms and conditions to be agreed to).

Examples of Retention Arrangements in a sentence

• Not later than the close of business on --------------------- May 15, 2000, the Executive shall notify the Company substantially in the form of the notice attached hereto as Exhibit A that he has irrevocably elected one of the Retention Arrangements set forth therein.

• Not later than the close of business --------------------- on May 15, 2000, the Executive shall notify the Company substantially in the form of the notice attached hereto as Exhibit A that he has irrevocably elected one of the Retention Arrangements set forth therein.

• From and after the Effective Time, Parent shall, and shall cause the Parent Subsidiaries to, maintain the WRECO Employee Retention Arrangements pursuant to their terms as in effect as of the Effective Time and make payments to the WRECO Employees at the times prescribed thereunder.

• Retention Arrangements" shall mean the Company's employee retention plan and key executive retention plan described in Part 2.5 of the Company Disclosure Schedule.

• Subject to the prior approval of the Purchaser, the Seller will put in place retention arrangements to retain key employees in connection with the transactions contemplated by this Agreement (collectively the Retention Arrangements).

More Definitions of Retention Arrangements

Retention Arrangements means those letter agreements issued to Employees of the Business listed in Section 6(e)(ii) of the Disclosure Schedule.

Retention Arrangements has the meaning given in Section 4.6(f).

Retention Arrangements means any agreements, plans or other documents establishing an employee retention program established by the Purchaser with respect to the transactions contemplated by this Agreement and the operation of the Business by the Purchaser after the Closing.

Retention Arrangements means the retention arrangements for the benefit of the Business Employees on the terms and conditions set forth in Schedule 5.08(c).

Retention Arrangements means the arrangements with certain Continuing Employees set forth in a side letter, dated on or prior to the date hereof (the “Employees Side Letter”), between the Seller and the Purchaser.

Retention Arrangements has the meaning ascribed thereto in Section 5.9(f).

Retention Arrangements means those certain Retention Arrangements, a description of which has been previously provided by Parent to the Company.