Sale Bonus Agreements definition
Examples of Sale Bonus Agreements in a sentence
The Executive Employees are entitled to receive payment upon the sale of the Shares on the Closing Date of an aggregate amount calculated as set forth in the Sale Bonus Agreements entered into by each of them with the Company (collectively, the “Change of Control Debt”).
The Executive Employees are entitled to receive payment upon the sale of the Shares on the Closing Date of an aggregate amount calculated as set forth in the Sale Bonus Agreements entered into by each of them with the Company (collectively, the "CHANGE OF CONTROL DEBT").
Notwithstanding the foregoing, Buyer shall promptly remit to the Seller Representative, on behalf of the Sellers, any amounts not paid pursuant to the Sale Bonus Agreements.
Buyer hereby waives the provisions of the Merger Agreement solely to the extent necessary to permit the execution and delivery of the Amended Sale Bonus Agreements.
Following the Closing, Buyer shall cause the Company to pay when due under the Sale Bonus Agreements all Sale Bonus Payments in the respective amounts set forth on the Sale Bonus Schedule.
If the Buyer does not timely receive such notice, the Buyer shall be entitled to assume that no such revocation has been made and shall cause Greenline to make the payments contemplated under the Sale Bonus Agreements on the next scheduled payroll date.
Sellers shall have satisfied all obligations under the Sale Bonus Agreements and obtained appropriate releases from each Sale Bonus Participant, in a form reasonably satisfactory to Buyer.
The Seller Representative shall notify the Buyer, on or before the close of business on April 30, 2012, if any employee(s) exercises his/her revocation rights under Section 3 of the Sale Bonus Agreements.
Without limiting the generality of the foregoing, the Buyer shall make all required payments, pursuant to, and in accordance with, the Sale Bonus Agreements in accordance with Section 2.03(b)(ix).