Retention Program. The Executive shall be eligible to participate in ----------------- the Efficient Networks Retention Plan ("MRP") and the Efficient Networks Discretionary Retention Plan ("DRP"), each in accordance with their respective terms. The Executive shall receive an allocation of $2,000,000 under the MRP and an allocation of $7,000,000 under the DRP. Certain of the material terms of the MRP and the DRP are outlined on Schedule 1 hereto.
Retention Program. As of the Effective Time, the Surviving Trust shall adopt a severance and retention program (the "Retention Program") with respect to those employees of Wellsford and the Wellsford Subsidiaries set forth in Schedule 5.10 to the Wellsford Disclosure Letter (the "Schedule 5.10 Employees") by issuing to such Schedule 5.10 Employees a letter substantially in the form attached hereto as Exhibit "I" (the "Retention Program Letter"); provided, however, that in no event may the aggregate obligations of Wellsford and the Surviving Trust under the Retention Program exceed $544,575. The Surviving Trust shall maintain the Retention Program in accordance with the terms thereof. In no event shall Wellsford adopt or agree to any other severance or retention program in addition to the Retention Program, except as otherwise specifically set forth in this Agreement. Neither the Retention Program nor any other term of this Agreement shall require the Surviving Trust to continue the employment of any employee of Wellsford after the Effective Time. The Surviving Trust shall pay the amount set forth in Schedule 5.10 to the Wellsford Disclosure Letter to each Schedule 5.10 Employee whose employment is involuntarily terminated by the Surviving Trust without cause prior to such employee's receipt of the Retention Program Letter.
Retention Program. First Union and the Company have agreed, in ----------------- connection with the transactions contemplated hereby, to establish a retention program on substantially the terms described herein, the purposes of which is to retain the services of certain employees of the Company and the Company Subsidiaries (as hereinafter defined) following the consummation of the transactions contemplated hereby.
Retention Program. Holdings Employees shall cease participation in the Retention Program effective as of the IPO Date; provided, however, that a Holdings Employee shall continue to be eligible to participate in the Retention Program on and after the IPO Date with respect to awards in which such employee has a vested interest as of such date to the extent of such vested interest, as well as with respect to vested interests in "Follow-up Investments" (as such term is defined in the Retention Program) that relate to such awards. Continental shall retain liability for payments to Holdings Employees with respect to the vested interests in such awards and the vested interests in any "Follow-up Investments" that relate to any such awards under the Retention Program.
Retention Program. At the request of Parent, the Company shall, and shall cause each Company Subsidiary to, cooperate in good faith with Parent to assist in the implementation of an employee retention benefit program designed by Parent, in it sole discretion; provided, however, that all benefits and payments under such retention benefit program shall be contingent upon the consummation of the transactions contemplated herein and the Surviving Corporation shall be solely liable for all obligations and liabilities under any such retention benefit program.
Retention Program. As promptly as practicable after the date of this Agreement, Company shall adopt a retention program for senior executives and other key employees of Company and its Subsidiaries acceptable to Purchaser as to covered executives and employees and the terms of such program. Company shall consult with Purchaser in the development of the retention program, which shall commence immediately upon execution of this Agreement.
Retention Program. Seller shall implement and fully fund a retention program on terms reasonably satisfactory to Buyer for the period from the date of this Agreement until the Closing.
Retention Program. The Company and the Executive agree that the Executive is not entitled to any further payments pursuant to the Hawker Beechcraft Corporation Retention Program, adopted on March 26, 2007, and that all of the Company’s obligations to the Executive with respect to such retention program have been satisfied.
Retention Program. At the Effective Time, the Company, in cooperation with the Acquiror, will have established a retention program on terms described in Schedule 5.15 to be used to retain certain employees of the Company, and Acquiror, the Company and the Surviving Corporation, as applicable, shall take all actions necessary to implement the provisions of such Schedule 5.15.
Retention Program. As of the Effective Time, the Surviving Trust shall adopt a retention program (the "Retention Program") with respect to those employees of EWR and the EWR Subsidiaries set forth in Schedule 5.8 to the EWR Disclosure Letter (the "Schedule 5.8 Employees") by issuing to such Schedule 5.8 Employees a letter substantially in the form previously agreed upon by the parties (the "Retention Program Letter"). The Surviving Trust shall maintain the Retention Program in accordance with the terms thereof. In no event shall EWR adopt or agree to any other severance or retention program in addition to the Retention Program, except as otherwise specifically set forth in this Agreement. Neither the Retention Program nor any other term of this Agreement shall require the Surviving Trust to continue the employment of any employee of EWR after the Effective Time.
