Examples of Sale of Holdings in a sentence
If (i) -------------------------------------------------------- there is a consummation of a Sale of Holdings or (ii) the Executive dies or becomes totally and permanently disabled (certified to the satisfaction of the Company) at such time that the Executive is employed by the Company, then the Benefit Amount otherwise payable under paragraph 1 above shall become immediately due and payable as of the date of the consummation of a Sale of Holdings or such Executive's death or total disability.
Subject to the terms and conditions set forth in this Agreement, the Company will pay to the Executive a cash bonus (the “Sale Bonus”) upon a Sale of Holdings, the Company, the Company and CS, or Holdings and CS in an amount determined in accordance with Schedule A hereto, which shall be deemed a part of this Agreement.
Such notice shall set forth in reasonable detail the material terms of such Sale of Holdings, and, if such Sale of Holdings involves the sale of shares of Holdings Common Stock, such notice shall also set forth the fair market value of the consideration (whether cash, securities or other property) to be paid for each share of Holdings Common Stock in connection with such Sale of Holdings.
Obligations To Sell upon Sale of Holdings..........................................
In the event that the Board of Directors of Holdings desires to consummate a Sale of Holdings pursuant to this Section 5.02, the Board of Directors of Holdings shall deliver to each Management Stockholder written notice of the proposed Sale of Holdings not less than ten business days prior to the date on which such Sale of Holdings is to be consummated.