Compensation Commitment definition

Compensation Commitment has the meaning set forth in ss.2.18(a) hereof.
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Compensation Commitment means (i) any employee stock purchase, employee stock option, employee stock ownership, deferred compensation, performance, bonus, incentive, vacation pay, holiday pay, insurance, severance, retirement, excess benefit or other plan, trust or arrangement, whether written or oral, (ii) any agreement, arrangement, commitment and understanding of any kind, whether written or oral, with any current or former officer, director, employee or consultant of any of the BP Asset Selling Entity or the Purchased Subsidiaries pursuant to which payments may be required to be made at any time following the date hereof (including, without limitation, any employment, deferred compensation, severance, supplemental pension, termination or consulting agreement or arrangement).
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Compensation Commitment is defined in Section 4.12.
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Examples of Compensation Commitment in a sentence

  • An accurate and complete written summary has been provided to Purchaser with respect to any Compensation Commitment which is unwritten.

  • An accurate and complete written summary has been provided to UAG with respect to any Compensation Commitment which is unwritten.

  • True and complete copies of all of the written plans, arrangements and agreements referred to on Schedule 2.18(a) ("Compensation Commitments") have been provided to UAG together with, where prepared by or for the Companies, any valuation, actuarial or accountant's opinion or other financial reports with respect to each Compensation Commitment for the last three years.

  • True and complete copies of all of the written plans, arrangements and agreements referred to on SCHEDULE 2.18(a) ("Compensation Commitments") have been provided to UAG together with, where prepared by or for the Company, any valuation, actuarial or accountant's opinion or other financial reports with respect to each Compensation Commitment for the last three years.

  • True and complete copies of all of the written plans, arrangements and agreements referred to on SCHEDULE 2.18(A) ("Compensation Commitments") have been provided to SAG together with, where prepared by or for the Company, any valuation, actuarial or accountant's opinion or other financial reports with respect to each Compensation Commitment for the last three years.

  • Subject to the terms and conditions hereof, on the date hereof, the Sellers hereby sell and transfer to the Buyer, and the Buyer acquires from the Sellers, 100% of the Shares, jointly with all their rights and obligations, free and clear of all Encumbrances (except for any obligations of the Sellers arising out of the Financial Compensation Commitment Agreement (Instrumento Particular de Compromisso de Compensação Financeira) entered into on December 19, 2017).

  • Nothing in this Section 7.1(b) shall be interpreted to limit any reserved right contained in any such Benefit Plan or Compensation Commitment to amend, modify, suspend, revoke or terminate any such plan or commitment in accordance with its terms.

  • An accurate and complete written summary has been provided to SAG with respect to any Compensation Commitment which is unwritten.

  • True and complete copies of all of the written plans, arrangements and agreements referred to on Schedule 2.18(a) ("Compensation Commitments") have been provided to UAG together with, where prepared by or for the Company, any valuation, actuarial or accountant's opinion or other financial reports with respect to each Compensation Commitment for the last three years.

  • An accurate and complete written summary has been provided to Buyer with respect to any Compensation Commitment which is unwritten.