Conduct During Earned Payout Period Sample Clauses

Conduct During Earned Payout Period. The Transferors acknowledge ----------------------------------- and agree that, during any portion of the Earned Payout Period occurring after the Closing, the Acquirer shall be entitled to oversee the operation and management of SUPERNET's Business, including the setting of goals and review of budgets and performance. The Transferors further agree, during that portion of the Earned Payout Period occurring after the Closing, not to allow SUPERNET to cut staff, capital expenditures and general and administrative expenses or take other actions that are not consistent with SUPERNET's prior practices and/or prudent business practices, and the Transferors agree not and not to allow SUPERNET to engage in any activity in order to increase current earnings and revenue of the business of SUPERNET at the expense of the longer term growth of the business of SUPERNET. During the Earned Payout Period, the Acquirer agrees that it will not (a) unreasonably require that the business of SUPERNET be operated substantially different as it was prior to the Closing Date except in so far as the prior practices of SUPERNET were imprudent or unreasonable or its productivity efficiency and profitability can be improved and increased through economies of scale, the Acquirer's experience or otherwise; (b) unreasonably change (i) the prices charged for SUPERNET's services, (ii) the level of compensation of SUPERNET's full-time corporate employees or (iii) the level SUPERNET's general and administrative expenses, unless the prior business practices were unreasonable or imprudent and/or unless the changes are reasonably necessary to support the growth of SUPERNET's business.
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Conduct During Earned Payout Period. Sellers acknowledge and agree that, during the Earned Payout Period, Buyer shall be entitled to oversee the operation and management of Sigma6's Business, including the setting of goals and review of budgets and performance. The Sellers further agree, during the Earned Payout Period, not to allow Sigma6 to cut staff, capital expenditures and general and administrative expenses or take other actions that are not consistent with Sigma6's prior practices and/or prudent business practices, and Sellers agree not and not to allow Sigma6 to engage in any activity in order to increase current year profits of the business of Sigma6 at the expense of the longer term growth of the business of Sigma6. During the Earned Payout Period, the Buyer agrees that it will not (i) unreasonably require that the business of Sigma6 be operated substantially different as it was prior to the Merger except in so far as the prior practices of Sigma6 were imprudent or unreasonable or its productivity efficiency and profitability can be improved and increased through economies of scale, Buyer's experience or otherwise; (ii) unreasonably change (A) the prices charged for Sigma6's services, (B) the level of compensation of Sigma6's full-time corporate employees or (C) the level Sigma6's general and administrative expenses, unless the prior business practices were unreasonable or imprudent and/or unless the changes are reasonably necessary to support the growth of Sigma6's Business.
Conduct During Earned Payout Period. Sellers acknowledge and agree that, during the Earned Payout Period, Buyer shall be entitled to oversee the operation and management of NMP's Business, including the setting of goals and review of budgets and performance. The Founders further agree, during the Earned Payout Period, not to allow NMP to cut staff, capital expenditures and general and administrative expenses or take other actions that are not consistent with NMP's prior practices and/or prudent business practices, and Founders agree not and not to allow NMP to engage in any activity in order to increase current year profits of the business of NMP at the expense of the longer term growth of the business of NMP. During the Earned Payout Period, the Buyer agrees that it will not (i) unreasonably require that the business of NMP be operated substantially different as it was prior to the Merger except in so far as the prior practices of NMP were imprudent or unreasonable or its productivity efficiency and profitability can be improved and increased through economies of scale, Buyer's experience or otherwise; (ii) unreasonably change (A) the prices charged for NMP's services, (B) the level of compensation of NMP's full-time corporate employees or (C) the level NMP's general and administrative expenses, unless the prior business practices were unreasonable or imprudent and/or unless the changes are reasonably necessary to support the growth of NMP's business.

Related to Conduct During Earned Payout Period

  • Allocations During the Early Amortization Period During the Early Amortization Period, an amount equal to the product of (A) the Principal Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that after the date on which an amount of such Collections equal to the Adjusted Invested Amount has been deposited into the Collection Account and allocated to the Series 1997-1 Certificateholders, such amount shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Death During Benefit Period If the Executive dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

  • Sales During Pre-Settlement Period Notwithstanding anything herein to the contrary, if at any time on or after the time of execution of this Agreement by the Company and an applicable Purchaser, through, and including the time immediately prior to the Closing (the “Pre-Settlement Period”), such Purchaser sells to any Person all, or any portion, of any shares of Common Stock to be issued hereunder to such Purchaser at the Closing (collectively, the “Pre-Settlement Shares”), such Purchaser shall, automatically hereunder (without any additional required actions by such Purchaser or the Company), be deemed to be unconditionally bound to purchase, and the Company shall be deemed unconditionally bound to sell, such Pre-Settlement Shares to such Purchaser at the Closing; provided, that the Company shall not be required to deliver any Pre-Settlement Shares to such Purchaser prior to the Company’s receipt of the purchase price of such Pre-Settlement Shares hereunder; and provided further that the Company hereby acknowledges and agrees that the forgoing shall not constitute a representation or covenant by such Purchaser as to whether or not during the Pre-Settlement Period such Purchaser shall sell any shares of Common Stock to any Person and that any such decision to sell any shares of Common Stock by such Purchaser shall solely be made at the time such Purchaser elects to effect any such sale, if any.

  • Allocations During the Rapid Amortization Period During the Rapid Amortization Period, the Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, allocate to the Investor Certificateholders and pay or deposit from the Collection Account the following amounts as set forth below:

  • Payment Period Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within forty (40) days following the date of termination), the actual date of payment within the specified period shall be within the sole discretion of the Company.

  • Required Payments; Termination Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date.

  • Authority and Power During Employment Period The duties of the Employee shall be subject to the direction of the Company and the Employee shall perform all duties as shall be directed by the Company. The Employee shall devote full attention and render exclusive, full time services to the Company and shall be employed solely by the Company according to the terms of this Agreement. Employee's job title is subject to change by the Board of Directors.

  • Measurement Period (b) In this Agreement, unless the contrary intention appears, a reference to:

  • Covered Termination During a Change in Control Period If Executive experiences a Covered Termination during a Change in Control Period, and if Executive delivers to the Company a Release of Claims that becomes effective and irrevocable within sixty (60) days, or such shorter period of time specified by the Company, following such Covered Termination, then in addition to any accrued but unpaid salary, bonus, vacation and expense reimbursement payable in accordance with applicable law, the Company shall provide Executive with the following:

  • Distribution Assistance Fees (Asset-Based Sales Charge) Payments In its sole discretion and irrespective of whichever alternative method of making service fee payments to Recipients is selected by the Distributor, in addition the Distributor may make distribution assistance fee payments to a Recipient quarterly, or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days after the end of each calendar quarter or other period, at a rate not to exceed 0.1875% (0.75% on an annual basis) of the average during the period of the aggregate net asset value of Shares computed as of the close of each business day constituting Qualified Holdings owned beneficially or of record by the Recipient or its Customers until such Shares are redeemed or converted to another class of shares of the Fund, provided, however, that a majority of the Independent Trustees may, but are not obligated to, set a time period (the "Recipient Maximum Holding Period") for making such payments. Distribution assistance fee payments shall be made only to Recipients that are registered with the SEC as a broker-dealer or are exempt from registration. The distribution assistance to be rendered by the Recipients in connection with the sale of Shares may include, but shall not be limited to, the following: distributing sales literature and prospectuses other than those furnished to current Shareholders, providing compensation to and paying expenses of personnel of the Recipient who support the distribution of Shares by the Recipient, and providing such other information and services in connection with the distribution of Shares as the Distributor or the Fund may reasonably request.

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