Agreement Effective Date definition
Examples of Agreement Effective Date in a sentence
Employee’s compensation and equity set forth in this Agreement shall remain subject to the Company’s clawback/recoupment policy as in effect on the Agreement Effective Date and any clawback provisions contained in Employee’s existing agreements with the Company (collectively, the “Existing Clawback Rules”).
Notwithstanding the foregoing, the Company acknowledges that its entry into this Agreement and the Restructuring Transactions is consistent with applicable Law and its fiduciary duties as of the Agreement Effective Date.
This severance pay will be paid in one lump sum in the Company’s first regular payroll cycle that follows the Agreement Effective Date (as defined below).
No amendment to, or replacement of, the Company’s clawback or recoupment rules adopted after the Agreement Effective Date shall apply to compensation (cash or equity) that is earned, vested, or settled prior to the effective date of such amendment, except to the minimum extent required by Applicable Law.
The Definitive Documents that are not executed or in a form attached to this Agreement as of the Agreement Effective Date, and any amendments, modifications, or supplements to any Definitive Documents, shall be consistent with this Agreement and otherwise shall be in form and substance reasonably acceptable to the Company and the Required Consenting DIP Lenders.