Sabra definition
Examples of Sabra in a sentence
Executive may, at any time at her option with thirty (30) calendar days written notice to ▇▇▇▇▇, voluntarily resign without Good Reason as Chief Accounting Officer and Executive Vice President and from all other positions with Sabra and its direct and indirect subsidiaries.
Any grants under such plans shall be made by the Board of Directors of Sabra (the “Board of Directors”) (or appropriate committee thereof) in its sole discretion and such plans are subject to change during the Term at the sole discretion of the Company.
Sabra may, at any time by written notice to Executive at least five (5) business days prior to the date of termination specified in such notice, terminate Executive as Chief Accounting Officer and Executive Vice President and from all other positions with Sabra and its direct or indirect subsidiaries by reason of her Disability.
Executive agrees that she will not at any time, during or after the term of this Agreement, except in performance of her obligations to Sabra hereunder or with the prior written consent of the Board of Directors, directly or indirectly disclose to any person or organization any secret or “Confidential Information” that Executive may learn or has learned by reason of her association with ▇▇▇▇▇ and its direct and indirect subsidiaries.
Resignation from Sabra shall automatically constitute resignation from all positions of any subsidiary.
In the event that Executive breaches any of the covenants in this Section 7, Sabra shall be entitled to cease payment of any further compensation or benefits pursuant to Section 5(b) or otherwise (other than compensation payable pursuant to Sections 5(b)(1)(ii) and 5(b)(2)(ii)) and recover from Executive any amounts paid to her pursuant to the provisions of Section 5(b)(1)(i), Section 5(b)(2)(i) or Section 5(b)(2)(iii).
During the Term, Executive shall be entitled to participate in all retirement plans, health benefit programs, insurance programs and other similar employee welfare benefit arrangements available generally to senior executive officers of Sabra from time to time.
All business records, papers and documents kept or made by Executive relating to the business of Sabra shall be and remain the property of ▇▇▇▇▇.
Sabra shall pay during the Term to Executive a base salary at an annual rate of $455,000 (“Base Salary”), such salary to be payable in accordance with Sabra’s customary payroll practices (but not less frequently than monthly).
Sabra may at any time, by written notice to Executive at least five (5) business days prior to the date of termination specified in such notice and specifying the acts or omissions believed to constitute Good Cause (as defined below), terminate Executive as Chief Accounting Officer and Executive Vice President and from all other positions with Sabra and its direct and indirect subsidiaries for Good Cause.