Schleck definition
Examples of Schleck in a sentence
Schleck shall have entered into and delivered to Buyer a copy of his employment agreement with Buyer substantially in the form attached hereto as Exhibit E and the other members of Seller’s Senior Management Team identified on Schedule 9.2(l) shall have entered into and delivered to Buyer a copy of his employment agreement with Buyer, each in form and substance satisfactory to Buyer (collectively, the “Employment Agreements”), and the same shall be in full force and effect.
If Buyer purchases the Key Person Policy and subsequently decides to reduce the coverage amount or terminate the policy, Buyer shall first offer to Schleck the opportunity (at Schleck’s sole expense) to assume that portion of the policy no longer desired by Buyer.
Buyer shall accept such substitute Representative without objection; provided, however, that Schleck shall continue to serve as the Representative until such substitute Representative has been appointed by Selling Members.
Schleck ▇▇:/s/ Balaji Venkataraman --------------------------------- -------------------------------- Name: James G.
Smith, S▇▇▇▇▇ ▇▇▇▇ ▇▇▇sident Attn: Peter Schleck, Se▇▇▇▇ ▇▇▇▇ ▇▇▇sident FAX: (757) 640-5638 ▇▇▇: (▇▇▇) ▇▇▇-8599 R▇▇ ▇▇▇▇ (▇▇▇) SUNTRUST BANK By: /s/ Denise M.
The total payments made by Seller, Schleck and Selling Members to the Buyer Indemnitees with respect to Losses shall not exceed an amount equal to the Closing Payment Shares as of the Closing Date (the “Seller Indemnifiable Loss Limit”), except that the Seller Indemnifiable Loss Limit shall not apply with respect to any Losses relating to or arising under or in connection with any of clauses (e), (g) and (h) of this Section 10.
If Schleck ceases to be an employee of Buyer (or its Affiliates), for any reason other than the termination of Schleck’s employment by Buyer without cause, Parent or Buyer shall have the right in its sole discretion to cause the Core Business to be integrated into the business and operations of Parent or Buyer (or its Affiliates) including Parent’s or Buyer’s administrative and back-office operations during the Measuring Period.
Neither the issuance or delivery of any Conversion Shares is subject to any preemptive or other purchase right of Magellan’s stockholders or to any right of first refusal or other right in favor of any Person, or will result in any anti-dilution adjustment or other similar adjustment to any of Magellan’s outstanding securities.
Absent the appointment of a substitute Representative by Selling Members within fifteen (15) days of when Schleck is unable to serve or resigns as the Representative, S▇▇▇▇ ▇.
Schleck shall serve as President of Buyer and shall report to the President of Parent.