Pursuant to Paragraph. 3.01 of the Purchase Agreement, Lessee hereby notifies Lessor that Lessee is electing to exercise the Marketing Option on the Scheduled Expiration Date of the Lease Agreement of [_____, ____].
Pursuant to Paragraph. (59) of the Master Agreement, when employees acquire seniority rights, their name and serial number shall be posted on a seniority board located in the Department in which they are employed. The names and seniority dates of employees shall be listed under their respective classifications in order of seniority. Zone Committeepersons will be notified of all changes made in the seniority boards located within their zone.
Pursuant to Paragraph. 7.1 of the Lease Agreement, the cost to be charged hereunder shall include an additional administrative cost of twenty-five percent (25%) as additional rent to be paid by Lessee with the next rental payment. In addition to the Lease Agreement, upon termination of Lessee's tenancy, all keys shall be delivered to Lessor and any and all Personal Property left in the Premises at said termination shall become the Property of Lessor. Lessor shall have the right to dispose of the Property in any manner which at its sole election it claims appropriate. Lessee waives, releases and forever discharges Lessor from any and all claims, liability and expense with respect to such Personal Property, including the right to account for any proceeds of sale. TENANT ALTERATIONS
Pursuant to Paragraph. 13 of the Agreement, the parties agree that the within Amendment Number 1 (the Amendment) is hereby incorporated into and made a part of the Agreement. All of the terms and conditions contained in the Agreement shall apply to the subject matter of this Amendment as if set forth in full herein.
Pursuant to Paragraph. 4.01 of the Lease Agreement and Paragraph 2.01 of the Purchase Agreement, Lessee hereby irrevocably notifies Lessor that Lessee is exercising its right to terminate the Lease Agreement prior to the Scheduled Expiration Date of the Lease Agreement and purchase the Property on [_________, ____] (which date is a Scheduled Rent Payment Date and which date, after the delivery of this notice, shall be the Expiration Date of the Lease Agreement).
Pursuant to Paragraph. 6 of the Merger Agreement, Invatec is obligated to pay each Stockholder for each share of Invatec Common Stock issued to such Stockholder in the Acquisition and still owned by such Stockholder as of July 9, 1999, Seven and 50/100 Dollars ($7.50), at least one-half of such payment to be made by Invatec issuing to the Stockholders Invatec Common Stock at a per share price equal to the Current Market Price as of July 9, 1999. Notwithstanding the foregoing or any provision of the Merger Agreement to the contrary, the Parties hereby agree that at least three (3) business days prior to the expiration date of the Tender Offer, if the Tender Offer is then scheduled to closed and fund on or before January 31, 2000, Invatec will issue (a) to Mr. Collier the number of shares of Invatec common stock equal to Xxxx Xxxxxxd Fifty-Nine Thousand and No/100 Dollars ($459,000.00) divided by the cash price offered to stockholders of Invatec for their shares in the Tender Offer (the "Tender Offer Price"), rounded down to the nearest whole share, and (b) to Mr. Gore the number of shares of Invatec common stock equal to Foux Xxxxxxd Forty- One Thousand and No/100 Dollars ($441,000.00) divided by the Tender Offer Price, rounded down to the nearest whole share (the shares being issued to Mr. Collier and Mr. Gore hereunder being hereinafter referred to ax xxx "Xxxxlemenx Xxxxxx"). Further, if the Tender Offer is closed and funded on or before January 31, 2000, then (a) Mr. Collier will accept from Offeror Four Hundred Fifty- Nine Thouxxxx xxx Xx/100 Dollars ($459,000.00), all of which is to be paid in cash, in full and complete compromise and settlement of his claims under the Merger Agreement, and as full and final payment and performance of all debts, liabilities and obligations of Invatec and its affiliates, successors and assigns with respect to the Merger Agreement and the transactions contemplated therein, and (b) Mr. Gore will accept from Offeror Four Hundred Forty-One Thousand xxx Xx/000 Dollars ($441,000.00), all of which is to be paid in cash, in full and complete compromise and settlement of his claims under the Merger Agreement, and as full and final payment and performance of all debts, liabilities and obligations of Invatec and its affiliates, successors and assigns with respect to the Merger Agreement and the transactions contemplated therein, except the existing and continuing obligations of Invatec Robert T. Collier, Jr. Frank H. Gore November 9, 1999 Page 3