Examples of Shareholder Employment Agreement in a sentence
The compensation paid to any stockholder-employee of Premier pursuant to any such employment, consulting or similar arrangement (including the Controlling Shareholder Employment Agreement) is or will be for services actually rendered and will be commensurate with amounts paid to third parties bargaining at arm’s length for similar services.
None of the shares of common stock of United received by any stockholder-employee of Premier pursuant to the Merger (other than any such shares received in connection with the termination in the Merger of certain stock options to purchase Premier common stock) are or will be separate consideration for, or allocable to, any such employment, consulting or similar arrangement (including the Controlling Shareholder Employment Agreement).
Shareholder Employment Agreement" shall have the meaning assigned thereto in Section 10.7.
The Shareholder and the Company have the requisite legal capacity to execute, deliver and perform, as applicable, this Agreement, the Shareholder Release, the Shareholder Employment Agreement and the Non-Competition Agreement to which such Person is, or will be, a party.
The foregoing shall not negate, alter or diminish Shareholder’s obligations (i) with respect to the confidentiality and noncompetition covenants in Sections 6.1 and 6.6, (ii) with respect to any indemnification claim for which Shareholder has received timely notice pursuant to Section 8.4(c) or (iii) under the Shareholder Employment Agreement.
Merger Sub shall have executed the Shareholder Employment Agreement.
Buyer and the Shareholder agree on the Closing Date to enter into the Shareholder Employment Agreement.
The foregoing notwithstanding, a Shareholder’s obligation with respect to any Loss arising from the material breach in the performance of any agreement or covenant incorporated herein by reference (e.g., pursuant to the Registration Rights Agreement or the applicable Shareholder Employment Agreement) shall be limited to that Shareholder’s breach and shall not extend to a breach by the other Shareholder.
Each Shareholder and each Company employee that Buyer wishes to hire shall have executed and delivered to Buyer a Shareholder Employment Agreement or Buyer's standard employment agreement, as the case may be.
The Noncompete Payments shall be paid to Shareholder bi-monthly over the term of Shareholder Employment Agreement in accordance with the Company's normal payroll schedule.