Letter Of Understanding Sample Contracts

Letter of Understanding Long Term International Assignment United States - Hong Kong Kishore Ponnavolu (November 8th, 2018)

We are pleased to offer you an international assignment from Rhode Island, United States to Hong Kong. This Letter of Understanding outlines the terms and conditions of your assignment. The terms of this letter will govern. All terms and conditions are contingent on Board approval.

Post Holdings, Inc. – Re: Letter of Understanding - PHI Strategic Role Dear Chris: (August 3rd, 2018)

This Letter of Understanding ("Letter") between you and Post Holdings, Inc. (collectively "Parties") confirms the terms of your employment as you move from President & CEO of Post Consumer Brands ("PCB") into the role of Executive Vice President, Strategy, to Post Holdings, Inc. ("PHI"). Once signed by the Parties, this Letter will become effective on the date of your signature ("Effective Date"). This position will have a four-year employment period in exchange for the following:

This Letter of Understanding Will Confirm Our Mutual Agreement Relative to the Terms And (February 28th, 2018)

conditions applicable to your international assignment extension to your current Letter of Understanding dated March 26, 2007.

LETTER OF UNDERSTANDING INTERNATIONAL ASSIGNMENT United Arab Emirates - United States (November 6th, 2017)

We are pleased that you have accepted an international assignment from Dubai, United Arab Emirates to New York, New York, United States. This Letter of Understanding outlines the terms and conditions of your assignment.

Letter of Understanding Regarding Post-Retirement Consulting Services and Access to CDW Health Benefit (November 2nd, 2017)

This letter is to memorialize the terms of the arrangement pursuant to which (i) you will provide post-termination consulting services to CDW Corporation and its subsidiaries ("CDW") for a period of 60 days after your retirement on December 31, 2017 (the "Retirement Date") and (ii) CDW will provide you continued access to medical and prescription drug coverage under the CDW LLC Welfare Benefit Plan (the "Plan") after your retirement.

Yum China Holdings, Inc. – Strictly Private & Confidential Letter of Understanding (October 5th, 2017)

With the approval of the Board of Directors (the "Board") of Yum China Holdings, Inc. (the Company), we are pleased to inform you that you have been promoted to the position of Chief Executive Officer ("CEO") of the Company and its designated China subsidiary ("China Employer"), effective March 1, 2018 (the "Effective Date"). In your role as CEO, you will report to the Board. The position is based in Shanghai, PRC.

Letter of Understanding: Long Term International Assignment to Sao Paulo, Brazil Dear Rick, (May 19th, 2017)

On behalf of The Mosaic Company (hereafter referred to as "the Company"), it is my pleasure to confirm the terms of your compensation and international assignment package for the position of Senior, Vice President, Brazil, in Sao Paulo, Brazil. This Letter of Understanding outlines the terms and conditions that will govern your international assignment.

Westwood Holdings Group Inc – Re: Letter of Understanding Regarding Transition to Chairman Role (February 28th, 2017)

We are pleased that you have decided to transition to the Chairman role for Westwood Trust (the "Company"). As we discussed, below is a summary of our understanding.

May 4, 2012 Walter Precourt 200 3rd Street Excelsior, MN 55331 Letter of Understanding: Long Term International Assignment to Regina, SK, Canada. Dear Walter, (February 15th, 2017)

On behalf of The Mosaic Company (hereafter referred to as "the Company"), it is my pleasure to confirm the terms of your international assignment package for the position of Senior Vice President, Potash in Regina, SK, Canada. This Letter of Understanding outlines the terms and conditions that will govern your international assignment.

Letter of Understanding Personal and Confidential (February 2nd, 2017)
This Letter of Understanding Confirms the Terms and Conditions Applicable to Your New Position. (November 4th, 2016)

You remain eligible for a company car according to Tenneco Europe company car policy. Current company car to be driven till lease end.

Yum China Holdings, Inc. – October 28, 2016 STRICTLY PRIVATE & CONFIDENTIAL LETTER OF UNDERSTANDING Dear Micky, (November 1st, 2016)

This Letter of Understanding (LOU) stipulates the conditions of your employment and terms of compensation with Yum China Holdings, Inc. (the Company). Effective November 1, 2016, you will be appointed Chief Executive Officer reporting directly to the Companys Board of Directors.

Yum China Holdings, Inc. – Letter of Understanding (October 6th, 2016)

This Letter of Understanding (LOU) stipulates the conditions of your employment and terms of compensation of your assignment with Yum! Restaurants Consulting (Shanghai) Company Limited.

Yum China Holdings, Inc. – Letter of Understanding (October 6th, 2016)

This Letter of Understanding (LOU) stipulates the conditions of your employment and terms of compensation of your assignment with Yum! Restaurants Consulting (Shanghai) Company Limited.

Letter of Understanding (August 31st, 2015)

THIS LETTER OF UNDERSTANDING (the "Letter") between Mr. Kent B. Guichard (the "Employee") and American Woodmark Corporation, a Virginia corporation (the "Company"), is effective as of September 7, 2015 (the "Effective Date").

BioCorRx Inc. – Second Amendment to Letter of Understanding (March 18th, 2015)

On or about December 26, 2013, the parties herein executed a Letter of Understanding "Letter" the contents of which are known to all parties. Unless specifically addressed herein all terms of Letter shall remain in effect without alteration or revision.

Cytodyn Inc – Letter of Understanding (February 11th, 2015)

This letter is written to clarify certain terms of the agreement between the parties executed on February 6, 2015. This letter now accompanies the three documents signed February 6, 2015, and memorializes the transaction.

Form of Long Term Assignment Letter of Understanding (December 17th, 2014)

This Letter of Understanding ("LOU") covers the material terms and conditions of your long-term assignment in [Location of Assignment] in connection with your employment with Applied Materials, Inc. (also referred to herein as the "Company" or "Applied Materials") or its subsidiary or affiliate employing you. Your assignment is estimated to be effective [Date] and is expected to end on [Date]. The actual length of the assignment could vary due to business conditions. This LOU contains confidential information related to your compensation and benefits while on assignment and should not be shared or discussed with other employees.

Telupay International Inc – LETTER OF UNDERSTANDING (LOU) Between MASS-SPECC COOPERATIVE DEVELOPMENT CENTER and TELUPAY (PHILIPPINES), INC. (August 26th, 2014)
International Assignment Letter of Understanding (May 2nd, 2014)

This is a letter of understanding outlining the terms and conditions of your assignment to Japan with SANYO Semiconductor Co., Ltd. (referred to herein as SANYO Semiconductor or Host Entity). This letter is a complete and full expression of the understanding between you and SANYO Semiconductor and Semiconductor Components Industries, LLC (referred to herein as either ON Semiconductor SCILLC or Home Entity) as to the terms and conditions covering your assignment.

BioCorRx Inc. – Letter of Understanding (January 2nd, 2014)

This letter shall serve as a written memorialization of the terms already expressed and agreed to in principle by the parties for the eventual transfer of TRINITY RX SOLUTIONS, LLC "Trinity" and all of its' assets, intellectual property and contractual rights including, but not limited to the NALTREXONE IMPLANT "Implant" formula(s) created by Dr. Rowe of Australia and owned by Trinity to FRESH START PRIVATE MANAGEMENT, INC. "Fresh Start." All parties represent, acknowledge and pledge that each possesses all rights required to perform all obligations necessary to result in Fresh Start possessing the exclusive right to market, distribute and commercially exploit the Implant without reservation or limitation.

Subject: Letter of Understanding of Employment, Long-Term Assignment (November 18th, 2013)

Congratulations on your new position and international assignment. We are very excited to offer you this international opportunity. This letter confirms our mutual understanding of the terms and conditions applying to your international assignment with Starbucks. This is not a contract of employment and employment is at will. Note further that this offer is subject to you obtaining medical clearances, passport and foreign government clearance. If, despite our best efforts, we are unable to obtain the required work and residency permits for you in Hong Kong within a reasonable time, we may at our option withdraw this offer.

Norstra Energy Inc – Letter of Understanding and Agreement (October 21st, 2013)

BETWEEN: Summit West Oil, LLC, (Summit West) a company incorporated under the iaws of the State of Washington and having an office at 1048 West 11th. Avenue, Spokane, WA 99204

Dewmar International BMC, Inc. – Letter of Understanding for Distribution Lean Slow Motion Potion (August 3rd, 2012)

Below is a list of items that I title as our "Letter of Understanding of Distribution" as we discussed that shall be between Dewmar International BMC, Inc. of Clinton, MS and Import Warehouse of Dallas, TX.

Imperial Holdings – Letter of Understanding Concerning Voluntary Leave of Absence (January 30th, 2012)

In light of the ongoing investigation being conducted by the United States Attorneys Office for the District of New Hampshire (the Investigation) and the need for Imperial Holdings, Inc. (the Company) and Jonathan Neuman (Mr. Neuman) (collectively, the Parties) to each devote sufficient time and resources to their respective defenses, the Parties hereby agree that Mr. Neuman shall take a voluntary paid leave of absence from his position as President and Chief Operating Officer of the Company on the following terms:

Wellness Center USA, Inc. – Letter of Understanding (October 7th, 2011)
Wellness Center USA, Inc. – Letter of Understanding (September 26th, 2011)
ARROW ELECTRONICS, INC. NORTH AMERICAN COMPONENTS OPERATION 7459 SOUTH LIMA STREET ENGLEWOOD, CO 80112 April 8, 2011 Re: Letter of Understanding Regarding Proposed Terms of Sale Dear Mr. Gulfo: (August 5th, 2011)

In consideration of the soon to be established credit limit of $75.0K, and re-payment terms of net 30-days, MELA Sciences, Inc. and Arrow Electronics, Inc. agree to the following:

Ruth's Chris Steak House – Arne G. Haak Terms of Employment/ Letter of Understanding and Salary Continuation Agreement (July 29th, 2011)

Ruths Hospitality Group, Inc. (hereafter referred to as Employer) and Arne G. Haak (hereinafter referred to as Employee) agree upon the following terms of employment of Employee by Employer.

Clean Coal Technologies Inc. – LETTER OF UNDERSTANDING AND AGREEMENT November 5,2010 (March 25th, 2011)

The following terms and conditions represent the basis of a legal agreement between Clean Coal Technologies, Inc. of 12518 W. Atlantic Blvd., Coral Springs, FL 33071; herein after known as: (CCTI) and Morgan Brown Ayres and Company, Inc.; 1715 Potomac, Ste 2#;Houston,Tx. 77057, herein after known as: (MBA).

Re: Letter of Understanding for Maximo Pachecos Employment (February 25th, 2011)

The purpose of this letter is to summarize the terms and conditions of your employment with, and temporary international assignment by, International Paper Company (IP). The details of many of the benefits we are providing are described in the International Paper Company Global Mobility Policy. This letter is intended to summarize the terms of your employment and also some of those benefits related to your assignment. We recommend that you review and retain the attached copy of the Global Mobility Policy, which contains a full description of the benefits related to your international assignment. To the extent not expressly stated in this letter, the terms of the Global Mobility Policy will be controlling.

Adept – Letter of Understanding Between Adept Technology & Parker Hannifin Corporation (November 9th, 2010)

This term sheet defines the basic agreement between Adept Technology, Inc. and Parker Hannifin Corporation (hereafter known as Parker) for the co-development of products with Adept Technology, Inc. as specified.

Allergan – Letter of Understanding (August 6th, 2010)

This letter agreement confirms the mutual understanding between you and Allergan of the terms and conditions relating to your international assignment. If the terms set forth in this letter agreement are acceptable to you, please sign and return the attached copy to Corporate International Compensation.

Re: Letter of Understanding for Frederic Jung International Assignment in Almere, the Netherlands (April 12th, 2010)

This letter confirms our mutual understanding of the terms and conditions that will apply to your assignment with Arizona Chemical LLC (the Company) as Chief Financial Officer based in Almere, The Netherlands (the Host Country).

Ruth's Chris Steak House – Kevin Toomy Terms of Employment/ Letter of Understanding and Salary Continuation Agreement (April 8th, 2010)

Ruths Hospitality Group, Inc. (hereafter referred to as Employer) and Kevin Toomy, (hereinafter referred to as Employee) agree upon the following terms of employment of Employee by Employer.