Icahn Capital Management definition
Examples of Icahn Capital Management in a sentence
The Original Employment Agreement, as hereby amended, shall continue in full force and effect until the earlier of (i) the date on which Employee’s Management Fee Participation earned prior to the Effective Date, as deferred, shall have been paid in full to Employee, or (ii) the expiration of the Term of the Agreement pursuant to Section 6 of the Agreement, as assigned to Icahn Capital Management LP.
The parties agree that the Assignment, which resulted in the separation of the Agreement into two elements (the Original Employment Agreement remaining with the Original Management Company and the balance being assumed by Icahn Capital Management LP) shall not, in the aggregate, diminish or expand the rights or obligations of Employee and, in particular, will not diminish or expand his right to receive payments or other economic rights, in the aggregate.
In particular, no incremental cost, if any, that may be incurred by Icahn Capital Management LP and that is attributable to the compensation, bonus or expenses of ▇▇▇▇ ▇.
The parties agree that in addition to any other obligations they may have, the Original Management Company is responsible for performing all of the Retained Obligations, and Icahn Capital Management LP is responsible for performing all of the Assumed Obligations.
Such obligations of Icahn Capital Management LP were assumed by Employer.
As of and following the Effective Date, all references in the Agreement to “Management Company” or “Employer” shall be deemed to be references to Icahn Capital Management LP.
Effective on and following the Effective Date, Employee shall become an employee of Icahn Capital Management LP pursuant to the Agreement, as assigned pursuant to the Assignment and as amended by the Amendment to the Agreement effective as of the Effective Date between Icahn Capital Management LP, the Fund GPs and Employee.
None of Offshore GP, Onshore GP and Icahn Capital Management has received written notice of any such pending audits, claims, assessments or Proceedings nor has any taxing authority (whether domestic or foreign) to the Knowledge of the Contributors, threatened to assert against Offshore GP, Onshore GP or Icahn Capital Management any material deficiency or material claim for Taxes in excess of the reserves established on the Financial Statements.
Since December 31, 2006, Offshore GP, Onshore GP and Icahn Capital Management have not accrued any Liability for any material Tax, other than in the ordinary course of its activities or business.
Each of the partners of Icahn Capital Management is set forth in the limited partnership agreement of Icahn Capital Management.