New Agreements. In the event the Company gives Parent the notice contemplated by Section 8.1(i) of the Merger Agreement, then the Company and Executive shall, within the time period specified in clause (ii) of such Section 8.1(i), extend to Parent, in connection with any adjustments in the terms and conditions of the Merger Agreement that Parent may propose pursuant to clause (ii) of such Section 8.1(i), an opportunity to enter into such agreements or arrangements (with respect to Executive and his then existing agreements and arrangements with the Company) as specified in such notice on terms and conditions no less favorable to Parent as those specified in such notice.
Appears in 7 contracts
Samples: Agreement and Plan of Merger (Ply Gem Industries Inc), Non Compete and Termination Agreement (Nortek Inc), Non Compete and Termination Agreement (Nortek Inc)
