SHLD definition
Examples of SHLD in a sentence
This Agreement will not become effective until it has been approved by the Audit Committee of the Board of Directors of SHLD.
The SHLD Master Lease is in full force and effect and no notice of default or event of default has been delivered by Borrower or any of its Affiliates thereunder.
No additional service will accrue under the SHLD SRIP after such date for any purpose (e.g., eligibility or vesting).
Notwithstanding anything herein to the contrary, the management of the defense of all litigation related to the SHLD Benefit Plans, the SHLD Employment Agreements, the SHO Benefit Plans and the SHO Employment Agreements shall be governed by the Separation Agreement, and this Agreement shall govern the allocation of Liabilities related to any such litigation.
SHO and the SHO Group hereby accept and agree to such assumption and agree to pay all such liabilities the SHLD LTIP.
Any Insurance Proceeds received by the SHLD Group for members of the OSH Group shall be for the benefit of the OSH Group.
No additional service will accrue under the SHLD Pension Plan after such date for any purpose (e.g., eligibility or vesting) with respect to a SHO Employee until or unless such SHO Employee again becomes a SHLD employee.
To the extent a SHO Employee also has unvested cash rights or awards issued with respect to his or her unvested SHLD Restricted Stock Award, this amount shall be added to arrive at the value of a SHO Cash Retention Award.
Without limiting the foregoing, each of SHLD and OSH agrees that neither it nor any Person or Persons in its respective Group will take any adverse action against any employee of its Group based on such employee’s provision of assistance or information to each other pursuant to this Section 6.07.
For the avoidance of doubt, SHLD shall bear the costs and expenses directly related to the mailing of the Prospectus to SHLD shareholders and the fees and expenses of the Agent in connection with the Distribution.