Exceeds. A Plan in place within four (4) months post-close with specific actions identified (to be taken both by KT and Orbotech) to achieve [**] or greater in run rate cost savings within two and one-half (2.5) years post-close while also identifying specific actions to achieve at least [**] of such run rate savings in CY2020. A If applicable, successful execution/implementation against Orbotech specific actions in support of the [**] run rate savings identified above by end of CY19. B 100% retention of “Top 5” senior executives (other than CEO and President/COO; specifically [**]) through CY 19. C 95% retention or greater of “Next 20” senior executives (other than CEO and President/COO; to be identified by ORBK) through CY 19.
Appears in 2 contracts
Sources: Employment Agreement (Kla Tencor Corp), Employment Agreement (Kla Tencor Corp)