Employment Termination Agreements. Parent and Seller shall have received Agreements in form and substance satisfactory to it, agreeing to the mutual termination of the Parent’s employment agreements with each of Mxxxxxx Xxxx, Exxxxx Xxxxxxxx and Rxxxx Xxxxxx Xxxxxxxx.
Employment Termination Agreements. The Company shall have entered into Employment Termination Agreements substantially in the form attached hereto as Exhibit E with Xx. Xxxxxx Xxxxxx. Alexander Drijver, Xxxxxx Xxxxx Xxxxxx and Xxxxxxxx Xxxx Xxx, with no residual liabilities to the Company, other than those specifically agreed to under the Employment Termination Agreements.
Employment Termination Agreements. Each Transferred Person shall have executed and delivered to Seller his or her Employment Termination Agreement.
Employment Termination Agreements. Each of Xx Xxxxxxxxx, Xx Xxxxxxx, Xxxxxxx Xxxxxx and Xxxxxxx Xxxxx have entered into employment agreements with the Company (the "Pre-Merger Employment Agreements") pursuant to which such persons are entitled to acquire shares of Company stock or receive equivalent value in the event of an acquisition of the Company. Subject to the terms and conditions of this Agreement, on or before the Effective Time, the Company shall enter into an "Employment Termination Agreement," in substantially the form attached hereto as Exhibit C, dated on or before the Effective Time, between the Company and each such employee whereby the Company shall issue promissory notes or pay cash to such employees as payment in full for surrender of all rights held by each beneficiary under his Pre-Merger Employment Agreement.
Employment Termination Agreements. The Employment Termination Agreement Release and Note, in substantially the form attached hereto as Exhibit C, will terminate all liabilities and obligations of the Company under the Company's Pre-Merger Employment Agreements with such individuals.
