Common use of Commitment Amount Clause in Contracts

Commitment Amount. As provided above, your rights to retain the Commitment Amount will be forfeited if you resign or are terminated with ▇▇▇▇▇ from your employment before the earlier of the Transaction Date or September 26, 2015. Thus, you will not forfeit your rights to retain the Commitment Amount if you die, become permanently disabled (under the long-term disability policy of Endeavour) or are terminated without Cause before the earlier of Transaction Date or September 26, 2015.

Appears in 2 contracts

Sources: Key Employee Retention Plan (Endeavour International Corp), Key Employee Retention Plan (Endeavour International Corp)

Commitment Amount. As provided above, your rights to retain the Commitment Amount will be forfeited if you resign or are terminated with ▇▇▇▇▇ Cause from your employment before the earlier later of the Transaction Date or September 26, 2015[DATE]. Thus, you will not forfeit your rights to retain the Commitment Amount if you die, become permanently disabled (under the long-term disability policy of EndeavourParagon) or are terminated without Cause before the earlier later of the Transaction Date or September 26, 2015[DATE].

Appears in 1 contract

Sources: Key Employee Retention Plan (Kerp) (Paragon Offshore PLC)

Commitment Amount. As provided above, your rights to retain the Commitment Amount will be forfeited if you resign or are terminated with ▇▇▇▇▇ from your employment before the earlier of the Transaction Date or September 26, 2015. Thus, you will not forfeit your rights to retain the Commitment Amount if you die, become permanently disabled (under the long-term disability policy of EndeavourCompany’s group income protection plan) or are terminated without Cause before the earlier of Transaction Date or September 26, 2015.

Appears in 1 contract

Sources: Key Employee Retention Plan (Endeavour International Corp)