Employment Entity definition
Examples of Employment Entity in a sentence
Other than with respect to this Agreement or the agreements and transactions contemplated hereby, the termination of all such agreements, liabilities and obligations shall be without any continuing obligation or liability of (a) the Company or ▇▇▇▇▇ ▇▇ to any Selling Party or any Affiliate of any of them (including the Employment Entity), or (b) the Selling Parties or any Affiliate of any of them to the Company or ▇▇▇▇▇ ▇▇, except as specified in this Agreement.
If to the Employment Entity: Safe Harbor Marinas LLC ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ Attn: Legal Email: ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇ And to c/o Sun Communities, Inc.
In the event the Employment Entity terminates the employment of Executive without Cause, the Executive resigns his employment for Good Reason or the Company sends a Non-Renewal Notice, then the Employment Entity shall pay to the Executive, in addition to any amounts payable under this Section 4, severance payments in the form of continued Base Salary, at Executive’s Base Salary as then in effect, for an eighteen (18) month period following the Termination Date (the “Severance Payments”).
The Company or Employment Entity, as applicable, agrees and acknowledges that the Previous Restrictive Covenant Agreement is null and void and of no further force and effect.
During the Employment Period, the Employment Entity shall pay to the Executive a base salary of $325,000.00 per annum (“Base Salary”), payable in accordance with the Employment Entity’s standard payroll policy, but in no event less frequently than monthly.
At Closing, the Contributors shall assign, or shall cause their Affiliates to assign, all such ▇▇▇▇▇ Service Contracts and all of the Designated Contracts, if any, to the Ivanhoe Contributee, Ivanhoe Employment Entity or any other Qualified Designee designated by the Ivanhoe Contributee and such assignee shall assume the ▇▇▇▇▇ Service Contracts and other Designated Contracts so assigned to it pursuant to one or more Assignment and Assumption of Contracts.
The Contributors shall cause ▇▇▇▇▇ Global Spain, the current employer of the Property Employees, to transfer to the Ivanhoe Employment Entity effective as of Closing the Employment Agreements of any such Property Employees that provide the Employment Consents (such Property Employees, the “Transferred Employees”).
Executive may terminate his employment with or without Good Reason (hereinafter defined) by giving the Employment Entity thirty (30) days advance notice in writing (inclusive of the twenty (20) day notice period provided below, in the case of a termination for Good Reason).
The Employment Entity shall employ the Executive during the Employment Period as its Chief Executive Officer (“Title”).
The Employment Entity may terminate the Executive’s employment by reason of the Executive’s becoming subject to a Disability upon the Employment Entity providing thirty (30) days’ prior notice to Executive of its intention to terminate Executive’s employment due to his Disability.