Retention Agreement. 1. Section 1.1. of the Retention Agreement be and hereby is amended by deleting the first paragraph in its entirety and inserting the following in lieu thereof:
Retention Agreement. In consideration for Executive’s continued service to the Company, the Company or one of its affiliates shall, no later than 60 days following the Effective Date, provide Executive with a separate retention agreement (the “Retention Agreement”).
Retention Agreement. Executive shall be eligible to receive a bonus pursuant to the terms of the Retention Letter Agreement entered into between Executive and the Company as of the Effective Date (the “Retention Agreement”) attached hereto as Exhibit C.
Retention Agreement. Executive and the Company agree that the Retention Agreement is hereby terminated and of no further effect as of this date and neither Executive nor the Company shall have any further rights or obligations thereunder.
Retention Agreement. Premier Financial shall have negotiated and executed a mutually agreed upon retention agreement with Xxxxxx X. Xxxxxx as of the Effective Date with the consent of Peoples.
Retention Agreement. Executive hereby agrees and acknowledges that Sections 6, 8 and 9 of the Retention Agreement are of a continuing nature and expressly survive the expiration, termination or cancellation of the Retention Agreement and such obligations of Executive shall not be released pursuant to this Release. Except as set forth in the immediately preceding sentence, Executive and the Company acknowledge and agree that the Retention Agreement is terminated.
Retention Agreement. The Company and the Participant are party to an Executive Retention Agreement, dated as of , 20 (the “Retention Agreement”). The Participant acknowledges that the provisions of this option agreement are intended to be consistent with the Retention Agreement and in no event shall the vesting provisions set forth in the Retention Agreement increase the vesting benefits set forth in this option agreement, or vice versa.
Retention Agreement a. The Executive agrees to remain an employee of the Company in his current position of Executive Vice President and Chief Financial Officer throughout the “Retention Period”, which shall begin on the Effective Date of this Agreement and end on the earliest of:
Retention Agreement. The Retention Escrow Amount is being placed into escrow in relation to the Retention Agreements with the Company employees listed in Schedule 5.12 (the "Retention Agreements."). To the extent any employee listed on Schedule 5.12 earns the last retention bonus installment under a Retention Agreement, such amounts will be released from the Retention Escrow Amount to Buyer. To the extent any employee listed on Schedule 5.12 does not earn the last retention bonus installment under a Retention Agreement, such amounts will be released from the Retention Escrow Amount to the LKB Trust. Upon release of any of the Retention Escrow Amount to Buyer in accordance with the Escrow Agreement, Buyer will, in accordance with its standard processes unless it determines otherwise, pay the amount of such Retention Escrow Amount owed to each employee under his or her applicable Retention Agreement, net of applicable withholding taxes.
Retention Agreement. The provisions set forth in the Retention Agreement attached hereto as Exhibit A are hereby incorporated into this Agreement. The Executive hereby acknowledges that in the event he becomes entitled to the payments set forth in the Retention Agreement, that such payments will be in lieu of any other payments to be made pursuant to the terms of this Agreement.
