LMWW definition
Examples of LMWW in a sentence
The timing of any such crediting and sale will be as determined to be reasonable by ▇▇▇▇ and LMWW, in their sole discretion, and the Employee acknowledges that all risks of movements in the price of Common Stock before or after the dates of such crediting and sale shall be borne solely by Employee.
By signing this Agreement, Employee authorizes ▇▇▇▇ and LMWW to effect any crediting and sale of shares of Common Stock contemplated by the foregoing clause (ii).
Employee acknowledges that Employee was given the opportunity to read this Agreement and to seek the assistance of counsel before Employee decided to join LMWW, accept the terms of this Agreement or sign this Agreement.
As Employee is free to end his or her employment with LMWW at any time for any reason or no reason, LMWW is free to end the employment with Employee at any time or any reason or no reason.
In the event Employee’s employment with LMWW terminates as a result of Employee’s death or “Disability,” as defined below, all Share Units shall be immediately vested and payment shall be made as described in Paragraph 9.
If Employee’s employment with LMWW terminates for any reason other than death or “Disability,” as defined below, whether involuntary or voluntary and for whatever cause or no cause, Employee shall forfeit any rights to, and shall have no right or claim to, any Share Units which have not vested pursuant to the above Vesting Schedule.
In the event that Employee has elected to receive distributions in a lump sum after all Share Units have vested and prior to the date all Share Units have vested hereunder Employee’s employment with LMWW terminates for any reason other than death or Disability, then ▇▇▇▇ will, subject to Section 10, distribute to Employee any previously undistributed Share Units in Employee’s Account that have vested on or prior to the date on which his or her employment terminated.
By signing this Agreement, Employee authorizes ▇▇▇▇ and LMWW to effect all of the transactions described above through any account owned by Employee at LMWW (regardless of whether Employee is the sole or a joint owner of the account), and, if necessary, to open a brokerage account at LMWW in the name and on behalf of Employee to effect such transactions.
Notwithstanding any provision herein to the contrary, Employee acknowledges and agrees that any distribution payable under this Agreement may be used at the discretion of ▇▇▇▇ to offset any debt owed by Employee to ▇▇▇▇ or LMWW at the date such distribution would otherwise be paid.
In consideration of Employee’s employment with LMWW, ▇▇▇▇ shall be obligated to pay Employee certain compensation under the Plan in an amount to be determined pursuant to the terms and conditions of this Agreement.