LTFS definition
Examples of LTFS in a sentence
The Executive will execute such other documents relative to such resignations as may be requested by LTFS and its affiliates and subsidiaries.
LTFS, LTCI and LCMI (in the case of LCMI, based on the knowledge of Victor M.
In addition, LTFS shall be jointly responsible for and guarantee the obligations hereunder of LTCI and Ladenburg Capital Management Inc.
Executive shall remain as a director of LTFS (and LTFS agrees to nominate and elect Executive to serve in such capacity for as long as Executive wishes to serve; otherwise, effective as of the close of business on December 31, 2003, Executive hereby resigns as an officer of LTFS and resigns as an officer and director of all affiliates and subsidiaries of LTFS.
Effective as of January 1, 2004, the full base compensation for all services to be rendered by the Executive hereunder (including Executive's service as a LTFS director) that LTCI shall pay to the Executive (or to another company, employee , or other person or entity designated by Executive from time to time)shall be amended to a base salary (gross pretax) at a monthly rate of $3,750.00, in accordance with usual payroll practices for executives.
Further, while he is employed at LTCI, to the extent that LTFS stock options under the Ladenburg Thalmann Financial Services Inc.
Both (a) the existing Indemnification Agreement entered into on February 7, 2001 in favor of the Executive (copy annexed) and (b) Section 5(C) and 8 of the Original Agreement as amended in the Amended Agreement in favor of the Executive (together, "the Indemnification Agreements") shall remain in effect as joint and several obligations of LTFS, LTCI and LCMI.
Copies of all such books and records have been made available to LTFS.
Within ninety (90) days after the IAS Transfer Date, the Stockholders shall calculate the amount of the IAS Adjustment, Grossed-Up IAS Adjustment and/or Grossed-Up IAS Penalties and Interest Payment (such calculated amount shall be collectively the “Calculated IAS Adjustments”), if any, for each such Stockholder and provide such calculation to LTFS for LTFS’s review.
All such fees, expenses and other amounts paid by LTFS shall be deemed to constitute indemnifiable Damages for purposes of calculation of the Basket.