Retention Agreements definition
Examples of Retention Agreements in a sentence
Except in connection with the Merger, the Company has not amended, waived, supplemented or restated any contractual restrictions on transfer of any shares of Common Stock (except pursuant to the Share Retention Agreements) and all such restrictions are enforceable in accordance with their terms against the shareholders party thereto.
The Company has received extensions to each share retention agreement from the shareholders listed in Schedule 3.5, copies of which have been delivered to ------------ the Investor (the "Share Retention Agreements").
The Change of Control Compensation in Section 2.2, the amounts described in Section 2.4 and the Gross-Up Payment in Section 3.1 (i) shall accelerate, (ii) shall be entirely funded upon a Change of Control through the Retention Agreements Rabbi Trust (the "Rabbi Trust") and as prescribed in Rev.
LAZ-MD agrees (i) to comply fully with the terms of such memorandum capital, including with respect to the timing of payment thereof as provided in the Old Lazard Group Operating Agreement, as modified by the Retention Agreements and (ii) to reimburse Lazard Group for any and all UK DC Obligations actually paid by Lazard Group or one of its Subsidiaries.
For the avoidance of doubt, Parent and its Affiliates shall retain all Liabilities and obligations with respect to, and Purchaser and its Affiliates shall have no responsibility or Liability in respect of, the retention agreements between a Business Employee and Parent set forth on Section 7.4(b) of the Seller Disclosure Letter (the “Seller Retention Agreements”) and all liabilities and obligations under the Seller Retention Agreements shall constitute Excluded HR Liabilities.