Retention Expenses definition

Retention Expenses mean all sale, “stay-around,” retention, or similar bonuses or payments and all amounts payable as severance payments, retention payments, change in control payments and other amounts triggered by a change of control, to current or former directors, officers, employees and consultants paid by Company as a result of or in connection with the transactions contemplated hereby, but excluding the Representative Fund Amount.
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Examples of Retention Expenses in a sentence

  • Notwithstanding anything contained herein to the contrary, the Representative shall reimburse the Surviving Corporation for fifty percent (50%) of any Retention Expenses actually paid by the Surviving Corporation within ten (10) Business Days of such payment.

  • The parties shall in good faith attempt to resolve any such dispute and, if the parties so resolve all such disputes, the Closing Date Reports (and the computation of Working Capital, Closing Indebtedness, the Transaction Expenses and Retention Expenses indicated thereon), as amended to the extent necessary to reflect the resolution of the dispute, shall be conclusive and binding on the parties.

  • If a preliminary adjustment is directed to be made pursuant to this Section 2.4(b)(vi), then, upon final resolution of Working Capital, Closing Indebtedness, Transaction Expenses and Retention Expenses, the adjustment then required to be made in accordance with Section 2.4(b)(iv) shall be made, without duplication, after giving effect to the preliminary adjustment.