EMPLOYEE RETENTION PLAN. (1) The Government has an interest in retaining experienced/qualified support services personnel familiar with the work environment subject of this MOA. The Contractor must maintain and adhere to the Employee Retention Plan (ERP) throughout the life of the contract. The Government may review the ERP for compliance any time during the life the MOA.
EMPLOYEE RETENTION PLAN. (1) The Government has an interest in retaining experienced/qualified support services personnel familiar with the work environment subject of this MOA.
EMPLOYEE RETENTION PLAN. Prior to the Effective Time, SCHWAB and UST agree to establish a key employee retention program in accordance with the general terms outlined in Section 6.14 of the UST Disclosure Schedule to provide retention incentives for the categories of employees identified in Section 6.14 of the UST Disclosure Schedule (collectively, the "Retention Program").
EMPLOYEE RETENTION PLAN. Employee will be entitled to participate in the Frankly’s 2017 Employee Retention Program, subject to Frankly Inc. Board approval.
EMPLOYEE RETENTION PLAN. 43 6.15 State Takeover Statutes............................................. 43 6.16 Section 15 of the 1940 Act.......................................... 43
EMPLOYEE RETENTION PLAN. As a post-closing condition to the Merger, prior to four months from the Effective Time Purchaser shall use its best efforts to obtain approval of the Purchaser’s stockholders for the Employee Retention Plan, and the Purchaser shall have enacted such Employee Retention Plan. The Employee Retention Plan shall specifically be designed to retain certain key employees, including certain named executive officers currently employed by Target for the duration of their employment with Parent. Rewards granted under such plan are not to exceed, represent or be exercisable for shares of Class A Common Stock representing more than (i) five (5) percent of (ii) all outstanding Purchaser’s Common Stock on a non-diluted basis at the Effective Time less any shares of Purchaser Capital Stock issued pursuant to a merger, acquisition, asset purchase or similar transaction with a party other than a Related Party that occurs prior to or at the Closing.
EMPLOYEE RETENTION PLAN. Attached as Schedule E-2 is an employee retention plan that was developed by the Parties prior to the Country Agreement Effective Date. It provides for certain retention payments that will be made by Federal-Mogul Local Entity to the Seconded Employees during each employee’s applicable Secondment Period. IBM Local Entity shall reimburse ***. *** MATERIAL OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT 2 Exhibit E (Pro Forma)
EMPLOYEE RETENTION PLAN. The Principals covenant to implement and pay for an employee retention plan to bind and motivate the employees of Tiger SS and TIGER WFOE to remain employed with Tiger SS or TIGER WFOE for a minimum of two years after the Final Buyout. For this purpose, the Principals shall reserve at a minimum two years salary for the top five executives and additional employees identified by PSSWM, inclusive of new employees that may be hired at the time of the Final Buyout to replace the Principals, from the Total Purchase Price as stay bonuses for the employees and hire bonuses for new recruits of the Tiger SS and TIGER WFOE. At the closing of the Final Buyout, this cash reserve will be placed into a separate bank account held by Tiger SS to be disbursed as agreed with PSSWM and the employees over a three year period following the Final Buyout.
EMPLOYEE RETENTION PLAN. Prior to the Effective Date, Mid-Coast shall take all action as is necessary to terminate the Recognition and Retention Plan of Mid-Coast (the "Retention Plan") and the trust related thereto on or prior to the Effective Date and shall provide written notice to each holder of an outstanding stock award (whether or not such stock award is then vested), that the Retention Plan shall be terminated on or prior to the Effective Date and that all outstanding shares awarded thereunder shall become immediately and fully vested in accordance with the terms of the Retention Plan. Subject to the foregoing, the Retention Plan shall terminate not later than the Effective Date, with no Liability, monetary or otherwise, ensuing as a result thereof other than the payment of the Merger Consideration to each holder of a stock award in accordance with Section 4.1 hereof. Mid-Coast hereby represents and warrants to Union Bankshares that the maximum number of shares of Mid-Coast Common Stock subject to vesting pursuant to the Retention Plan, or subject to distribution by the Trustee under the Retention Plan, is not and shall not be at or prior to the Effective Date more than 11,718.
EMPLOYEE RETENTION PLAN. Parent’s Board of Directors shall have adopted and approved the Employee Retention Plan and shall approval shall remain in effect as of the Closing.
