Officer Obligations means the obligations or liabilities of the Company or any of its Subsidiaries to its directors, Senior Executives, Employees and consultants for severance or termination payments in connection with the termination of their employment or service upon a change of control of the Company pursuant to any written employment agreements or otherwise, as set out in the Company Disclosure Letter.
Officer Obligations means any obligations or liabilities of the Company or any of its Subsidiaries in existence on the date hereof to pay any amount to its officers and/or directors (other than for salary, benefits and directors’ fees in the ordinary course) and, without limiting the generality of the foregoing, Officer Obligations shall include the obligations of the Company or any of its Subsidiaries to officers and/or directors for severance or termination payments on a change of control of the Company pursuant to any employment agreements or otherwise in existence on the date hereof.
Officer Obligations means the written contractual obligations of CE Franklin to certain of its officers for severance, termination or other payments in connection with a change of control of CE Franklin, as disclosed to Purchaser in writing, which payments (excluding amounts to be received for CE Franklin Options, CE Franklin PSUs or CE Franklin RSUs pursuant to the Plan of Arrangement) will not exceed, in the aggregate, $2,165,915.34;
Examples of Officer Obligations in a sentence
Keep your local SkillsUSA Advisor and/or instructor informed of ALL State Officer responsibilities, and work with them to arrange transportation to/from Officer Obligations, as required.
Except as set out in the Disclosure Letter of the Company, no Officer Obligations will become payable upon completion of the Arrangement.
In the event that any employees other than those entitled to the Officer Obligations will not be continuing employees of the Company within six (6) months following the Effective Date at the request of the Purchaser, the Parties agree that the Company will pay severance to such Persons consistent with the Company’s current severance policies, the terms of any written employment agreement and applicable law.
In the event that any employees other than those entitled to the Officer Obligations will not be continuing as employees of CE Franklin following the Effective Date at the request of Purchaser or Acquisitionco, the Parties agree that CE Franklin will pay severance to such Persons consistent with XX Xxxxxxxx'x internal severance guideline (as disclosed in the Disclosure Letter) for a period of 90 days from the Effective Date, the terms of any written employment agreement and applicable Law.
The Officer Obligations do not exceed an aggregate of $5.5 million.
More Definitions of Officer Obligations
Officer Obligations means any obligations or liabilities of Augusta or any of its subsidiaries to pay any amount to its employees, officers and/or directors and, without limiting the generality of the foregoing, Officer Obligations shall include the obligations of Augusta or any of its subsidiaries to employees, officers and/or directors for severance or termination payments in connection with a Change of Control of Augusta pursuant to any employment agreements or otherwise in existence on the date hereof that have been disclosed in writing (both as to its amount and the circumstances of its payment) by Augusta to the Offeror in the Augusta Disclosure Letter;
Officer Obligations means any obligations or liabilities of CanniMed or any of its subsidiaries to pay any amount to its employees, officers and/or directors and, without limiting the generality of the foregoing, Officer Obligations shall include the obligations of CanniMed or any of its subsidiaries to employees, officers and/or directors for severance or termination payments in connection with a Change of Control of CanniMed pursuant to any employment agreements or otherwise in existence on the date hereof;
Officer Obligations means the written contractual obligations of the Company to certain officers for severance, termination or other payments in connection with a change of control of the Company, as disclosed to the Purchaser in writing, which payments (excluding amounts to be received for Options) will not exceed, in the aggregate, $3,100,000;
Officer Obligations means either the Big Horn Officer Obligations or the Westlinks Officer Obligations, as the case may be;
Officer Obligations means any obligations or liabilities of Xxx Xxxxx to pay any amount to its officers, directors, employees or consultants, other than for salary or directors' fees in the ordinary course, in each case in amounts consistent with historic practices, and obligations or liabilities in respect of insurance or indemnification contemplated by this Agreement or arising in the ordinary and usual course of business and subject to Corporate Laws and, without limiting the generality of the foregoing, Officer Obligations shall include the obligations of Xxx Xxxxx to officers, employees or consultants for: (i) severance, termination or other payments on or in connection with the change of control of Xxx Xxxxx pursuant to any executive involuntary severance and termination agreements in the case of officers and pursuant to Xxx Xxxxx'x xxxxxxxxx policy in the case of employees; (ii) retention bonus payments pursuant to any retention bonus program; and (iii) commissions, bonuses or other amounts payable to any employees, officers, directors or consultants in connection with acquisitions by Xxx Xxxxx, including in connection with the Arrangement, with the aggregate amounts of (i), (ii) and (iii) above, as disclosed in writing to Rolling Thunder, to be $300,000;
Officer Obligations means the obligations of Harvest or any of its subsidiaries to its officers for severance or termination payments in connection with a termination of employment or change of control of Harvest pursuant to any written agreements, in each case as listed in the Disclosure Letter;
Officer Obligations means any existing written obligations or liabilities of ICP or any of its subsidiaries to pay any amount to its officers, directors or employees, other than for salary, bonuses under their existing bonus arrangements and directors' fees in the ordinary course and, without limiting the generality of the foregoing, shall include the obligations of ICP or any of its subsidiaries to officers or employees, in each case to the extent disclosed in the Disclosure Schedule or the SEC Reports (i) for severance or termination payments on the change of control of ICP pursuant to any executive involuntary severance and termination agreements in the case of officers and pursuant to ICP's severance policy in the case of employees, and (ii) for retention bonus payments pursuant to any retention bonus program;