Consulting and Employment Agreements. (a) Buyer shall have entered into an employment agreement (the “Employment Agreement”) and a noncompetition agreement with Xxxx Xxxxx substantially in the forms of Exhibits 9.6(a)(i) and 9.6(a)(ii) hereto.
Consulting and Employment Agreements. Purchaser shall have received the Lifshitz Agreement and the employment agreements between InterVoice and those employees of Seller listed on Schedule 4.2(d) hereto (which employment agreements shall be offered to such employees on terms reasonably satisfactory to InterVoice and Purchaser, and will provide for compensation which is equal to or greater than compensation that was paid by Seller to the applicable employee for the calendar year ending December 31, 1997).
Consulting and Employment Agreements. The Purchaser shall cause StratusCore and its selected team to enter into a consulting agreement until the Closing Date is resolved, thereafter signing Employment Agreements or a Consulting Agreement for key team members for a term to be defined with the Purchaser to perform those services agreed to for the compensation contained therein (each a “Employment Agreement”). The Seller’s Employment Agreement shall be an independently enforceable contract between the Purchaser and the Seller, whereas the Seller in conjunction with the Purchaser shall develop the Employment Agreements with other StratusCore team members. Such Employment Agreements are an integral part of this Agreement and an uncured, material breach by the Purchaser during the initial period of any of the Employment Agreements shall be considered to be a breach of this Agreement, entitling the Seller to exercise their rights under Section 1.9.
Consulting and Employment Agreements. (1) Parent shall have received an executed Consulting Agreement from Xxxxxx Xxxxxxx; and (2) Parent shall have received executed Employment Agreements from each of Xxxxxx Xxxxxxx and Xxxx Xxxxxxxx.
Consulting and Employment Agreements. Purchaser and Seller shall enter into employment and/or consulting agreements with the individuals listed on Schedule 5.9 on the terms set forth therein (the “Employment and Consulting Agreements”).
Consulting and Employment Agreements. On or prior to the Closing Date, the Company and the Controlling Shareholder will enter into a Consulting and Non-Competition Agreement in the form attached hereto as Exhibit H. On or prior to the Closing Date, the Company and Xxxxxxx X. Xxxxx, the current President and Chief Operating Officer of the Company, will enter into an Employment and Non-Competition Agreement on substantially the terms set forth in Exhibit I hereto.
Consulting and Employment Agreements. From and after the Effective Time, the Holding Company and Triangle will honor the employment agreements between United Federal and each of Xxxx X. Xxxxxx and Xxxxxx X. Xxxxx dated January 1, 1997 and April 1, 1997, respectively. In addition, at the Effective Time, the Holding Company will enter into a consulting agreement with each of Xx. Xxxxxx and Xx. Xxxxx in the form attached hereto as Schedule C to this Agreement. Provided they each remain employed by United Federal at the Effective Time in their respective current position, Triangle shall enter into an employment agreement with Xxxx X. Xxxxx, Xxxxx Xxxxxxxxxx and Xxxx Xxxxxx as of the Effective Time which shall contain substantially the same terms and conditions and be in substantially the same form as is attached as Schedule D to this Agreement; provided, that in the event Triangle and any of those three individuals do not agree within ninety (90) days prior to the Closing as to the terms and provisions of the form of employment agreement and as to any specifics left incomplete in the form of employment agreement, Triangle shall pay such individual his current monthly base salary for fifteen (15) months, provided he remains employed by United Federal from the date of this Agreement until thirty (30) days after the Effective Time, such payments to begin in the month following the 30-day period after the Effective Time. In consideration of this payment, the individual would enter into a non-compete provision identical to that contained in the form of employment agreement attached as Schedule D except that the non-compete would (i) have a duration of the 15-month payment periods, and (ii) prohibit employment with any financial institution operating a branch in any county in which any banking subsidiary of the Holding Company has a branch.
Consulting and Employment Agreements. (a) Immediately prior to the Closing, the Company shall terminate its employment agreement with Mahasen Samaravijaya and pay him a severance of One Hundred Thousand Dxxxxxx ($000,000.00). Mahasen Samaravijaya shall enter into a consulting agreement with the Xxxxxxxxx Xxxxxxxxxxn substantially in the form attached hereto as Exhibit E;
Consulting and Employment Agreements. Jamex X. Xxxxxxxx shall execute and deliver to Purchaser a Consulting Agreement providing for a term of at least six (6) months, and with an option on the part of Purchaser to extend the term for a period of up to eighteen (18) months and giving Jamex X. Xxxxxxxx xxx right to retain for his use the leased Lincoln automobile currently used by him. During the term of the Consulting Agreement Jamex X. Xxxxxxxx xxxll be paid for his services at the rate of Six Hundred Dollars ($600.00) per day, shall be available for as many as five (5) days per week, shall provide services on those days reasonably requested by the Purchaser and will, regardless of actual days worked, be paid for a minimum of three (3) days per week. During each six month period Jamex X. Xxxxxxxx xxxll be permitted three (3) weeks of vacation, which shall include the first two (2) weeks of July, during which he shall not be required to provide consulting services but shall nevertheless be paid. Vacations shall be scheduled in advance with the consent of Purchaser, which consent shall not be unreasonably withheld.
Consulting and Employment Agreements. Buyer, Davix Xxxxx, Richxxx Xxxxxxx xxx Waltxx Xxxxxx xxxll have executed and delivered their respective Employment Agreements, and Buyer and Lawrxxxx Xxxld shall have executed and delivered the Consulting Agreement.
