PAGE EMPLOYMENT AGREEMENT Sample Clauses

PAGE EMPLOYMENT AGREEMENT. The following cumulative rights shall apply to the Stockholders' obligation to indemnity the Holding Company in regard to Xxxxxx X. Page Employment Agreement, as described in Section XXV (A)3, in addition to all other indemnification rights provided under this Agreement or by law: $325,000 of the Escrow Fund is reserved to indemnify the Holding Company and First Security for the liability and costs incurred that arise out of or relate to the termination of the First Security's Employment Agreement with Xxxxxx R Page, including but not limited to all sums payable to or for Xxxxxx X. Page in settlement or as damages or termination compensation and all legal fees and costs incurred by First Security in regard to the settlement. In regard to any claim for indemnity arising out of or related to the Xxxxxx. R. Page Employment Agreement, the Holding Company, for itself and for First Security, shall seek indemnification from the Escrow Fund established under the Escrow Agreement but only to the extent of this earmarked amount of $325,000.
Sample 1
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Related to PAGE EMPLOYMENT AGREEMENT

  • of the Employment Agreement Section 4.4.3 of the Employment Agreement is hereby amended and restated in its entirety to read as follows:

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Amendment to Employment Agreement The Employment Agreement is hereby amended as follows:

  • Employment Agreement On the terms and conditions set forth in this Agreement, the Company agrees to employ the Executive and the Executive agrees to be employed by the Company for the Employment Period set forth in Section 2 hereof and in the position and with the duties set forth in Section 3 hereof. Terms used herein with initial capitalization are defined in Section 10.12 below.

  • Employment Agreements Each of the persons listed on Schedule 9.12 shall have been afforded the opportunity to enter into an employment agreement substantially in the form of Annex VIII hereto.

  • No Employment Agreement Nothing in this agreement shall give the Executive any rights to (or impose any obligations for) continued employment by the Company or any Affiliate or subsidiary thereof or successor thereto, nor shall it give such entities any rights (or impose any obligations) with respect to continued performance of duties by the Executive.

  • Not an Employment Agreement This Agreement is not an employment agreement, and no provision of this Agreement shall be construed or interpreted to create an employment relationship between you and the Company or any Affiliate or guarantee the right to remain employed by the Company or any Affiliate for any specified term.

  • Prior Employment Agreements The Executive represents that he/she has not executed any agreement with any previous employer which may impose restrictions on Executive’s employment with the Employer.

  • Summer Employment 26.1 In selecting teaching staffs for summer programs, employment shall be offered to teachers who are certified and “Highly Qualified” in the subject area(s).

  • Severance Agreement Any payments of compensation made pursuant to Articles 4 and 5 are contingent on Executive executing the Company’s standard severance agreement, including a general release of the Company, its owners, partners, stockholders, directors, officers, employees, independent contractors, agents, attorneys, representatives, predecessors, successors and assigns, parents, subsidiaries, affiliated entities and related entities, and on Executive’s continued compliance with Section 6. Executive must execute the standard severance agreement and release within 45 days of being provided with the document to sign or the severance agreement offer will expire.

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