Examples of Xxxxx Employment Agreement in a sentence
The Xxxxx Employment Agreement will provide for a base salary equal to Xx. Xxxxx’x base salary in effect immediately prior to the completion of the Transaction.
The Xxxxx Employment Agreement also contains provisions restricting Xx. Xxxxx’x ability to compete with HSBI or solicit customers of HSBI for a period of six months following termination of the Xxxxx Employment Agreement, unless Xx. Xxxxx’x employment is termination within two years of a change in control, in which case such restrictions shall be for a period of one year.
In the event that the Xxxxx Employment Agreement is terminated for a reason other than Cause (as defined in the Xxxxx Employment Agreement), disability of the executive, or by mutual agreement, he will be entitled to receive a payment equal to six months of his base salary plus 50% of his average bonus amount over the three prior calendar years, unless the Xxxxx Employment Agreement is terminated within two years of a change in control (as defined in the Xxxxx Employment Agreement).
XXXXXXXXX.XXX, LLC By: /s/ Xxxx Xxx Name: Xxxx Xxx Title: Chief Financial Officer EXECUTIVE /s/ Xxxxxxx Xxxxx Xxxxxxx Xxxxx Signature Page to Xxxxx Employment Agreement Schedule A Executive owns 89% of Grander, Inc.
If the Xxxxx Employment Agreement is terminated within two years of a change in control, Xx. Xxxxx is entitled to receive a payment equal to one year of his base salary in effect at the time plus his average bonus amount over the three prior calendar years.