LC Management definition
Examples of LC Management in a sentence
It is understood and agreed that LCA will benefit from the covenants and agreements of Employee hereunder, and, therefore by its execution hereof, guarantees the performance by LC Management of its obligations and agreements hereunder.
LC Management, LCA and the Employee have executed this Employment Agreement in duplicate originals as of the date first above written.
Employee acknowledges that LC Management has the right to terminate Employee's employment at any time for any reason whatsoever; provided, however, that any termination by LC Management for reasons other than "good and sufficient cause," as defined in Article 2., Paragraph E below, shall result in the severance benefits described in Article 2 below, to become due in accordance with the terms of this Agreement.
The respective rights and obligations of LC Management and the Employee under this Employment Agreement shall inure to the benefit of and shall be binding upon LCA, LC Management and the Employee and the respective successors and assigns of LCA and LC Management.
As used throughout this Agreement, "LC Management" shall include all subsidiaries of LCA, affiliates, and any corporation, joint venture, or other entity in which LCA or its subsidiaries or affiliates has an equity interest in excess of ten percent (10%).
The provisions of this Article 4 shall survive the termination of Employee's employment with LC Management.
If Employee's employment with LC Management is terminated by LC Management for "good and sufficient cause" as that term is defined in Section E of this Article 2, Employee will not receive the severance payments and benefits described in Paragraphs A, B, C, and D of this Article 2.
If Employee is terminated by LC Management for reasons other than "good and sufficient cause," as that term is defined in Section E of this Article 2, Employee will receive the severance payments and benefits described in Paragraphs A, B and C of this Article 2.
Employee further acknowledges that the severance payments made and other benefits provided by LC Management are in full satisfaction of any claims that Employee may have against LC Management resulting from LC Management's exercise of its right to terminate Employee's employment, except for those fringe benefits which are intended to survive termination such as the rights to receive payments pursuant to retirement plans and similar rights.
The provisions of this Article 2 shall survive the termination of Employee's employment with LC Management.