Execution of Employment Agreements. The employment agreements of Xxxxxxx de xx Xxxx, Xxxx Xxx, Xxxxx Serviant and Xxxxx Xxxxx shall have been validly entered into by the parties thereto (substantially in the form attached hereto as Annex 6.2(i), and subject to compliance with the Requirements of Law).
Execution of Employment Agreements. On or before the Closing Date, Xxxxxx Xxxxx, Xxxxxx Xxxxx and Xxxxx Xxxxxxx shall have entered into Employment Agreements with Target in a form approved by the signatories thereto and Merchant. The employment agreement for Xx. Xxxxx will include the grant of options to purchase 2,000,000 shares of Merchant's Common Stock, exercisable at a price of $2.94 per share, with 400,000 of such options to vest immediately and remaining 1,600,000 options to vest at a rate of 25% of the option shares annually on the anniversary of each of the four years commencing from the date of such agreement. The employment agreement for Xx. Xxxxx will include the grant of options to purchase 160,000 shares of Merchant's Common Stock, exercisable at a price of $2.94 per share, with 40,000 of such options to vest immediately and remaining 120,000 options to vest at a rate of 25% of the option shares annually on the anniversary of each of the four years commencing from the date of such agreement. The employment agreement for Xx. Xxxxxxx will include the grant of options to purchase 60,000 shares of Merchant's Common Stock, exercisable at a price of $2.94 per share, to vest at a rate of 20% of the option shares annually on the anniversary of each of the five years commencing from the date of such agreement.
Execution of Employment Agreements. Buyer and/or one of its Affiliates, on the one hand, and Xxxxx Xxxxxxx Xxxxxx and Xxxxxxxx Xxxx, on the other, shall have executed and delivered employment agreements substantially in the form annexed hereto as Exhibit 9.1(h)(1) and Exhibit 9.1(h)(2) (the “Employment Agreements”), respectively.
Execution of Employment Agreements. Section 7.9 of the Merger Agreement is hereby restated to read as follows:
Execution of Employment Agreements. At or prior to the Closing, Parent shall execute the Employment Agreements and grant the options described in Article 8(c)(ix).
Execution of Employment Agreements. Each Management Shareholder and the Company shall have executed and delivered his Employment Agreement attached as Exhibit C to this Agreement prior to Closing.
Execution of Employment Agreements. The Company shall have executed ---------------------------------- new employment agreements on terms and conditions reasonably acceptable to Gold and Sub with Xxxxx X. Xxxxx, Xx., Xxxxxx X. Siemens, Xxxxxxxxx X. Xxxxx and Xxxxxx X. Xxxxx. Such agreements shall be effective from and after the Effective Time.
Execution of Employment Agreements. On or before the Closing Date, Xxx Xxxxxxxxx, Xxxxxxx Xxxx and Xxxx Ice shall have entered into Employment Agreements with Target in the form of Exhibit 6.6 hereto.
Execution of Employment Agreements. Xxxxxxx X. Xxxxxxx and Xxxx Xxxxxxx shall have entered into the Employment Agreements, substantially in the form of Exhibit D hereto (the “Employment Agreements”).
Execution of Employment Agreements. No later than (i) the date that the Purchaser makes payment to the Stockholder in full of the Cash Portion and (ii) delivery by the Purchaser to Stockholder of the ETNT Common Stock, Stockholder shall enter into Employment Agreements with the Purchaser, (the "Stockholder's Employment Agreement" to be in substantially the same form as the Employment Agreement between the Purchaser and Xxxx Xxxxxxx). Concurrently, Xxxxxxx Xxxxx shall enter into the same form of employment agreement as between Purchaser and Xxxx X. Xxxxxxx.
