Sook definition
Examples of Sook in a sentence
Sook agrees to cooperate fully in connection with the underwriting, purchase and/or retention of the Key-Man Policy by the Company.
Sook represents and warrants to the Company that --------------- Sook is not a party to or bound by any employment agreement, noncompete agreement or confidentiality agreement with any other person or entity other than such employment, noncompete and confidentiality agreements listed on Schedule 22 hereto.
Concurrently with the execution and delivery of this Agreement, each of Ferraro, Sung Kee Chung and Sung Sook Park shall execute and deliver ▇ ▇▇▇▇▇▇▇▇▇▇r▇ ▇▇▇▇▇▇▇nt, s▇▇▇▇▇▇▇▇▇lly in the form attached as Exhibit E hereto.
Unless terminated earlier as provided below, the Company’s employment of Sook under this Agreement will continue from the Effective Date until February 28, 2023 (“Term”); provided, however, that the Term will be automatically renewed and extended for successive one-year period(s) unless, at least ninety (90) days prior to the end of the Term or any subsequent renewal term, Sook or the Company gives written notice to the other party of his/its intent not to extend the Term or any renewal term.
Any termination of Sook’s employment pursuant to this Paragraph 3 will be deemed to include a resignation by Sook of all positions with the Company and each of its subsidiaries and affiliates, including but not limited to, his resignation as a member of the Board and the board of each other such affiliate and subsidiary.
Sook shall also be entitled to four (4) weeks paid vacation for each year during the term of this Agreement (including the prior term of the Old Employment Agreement); provided, however, that any vacation not taken as of the end of any year during -------- ------- the term of this Agreement shall be forfeited.
In addition to the foregoing, the Company has agreed to g▇▇▇▇ ▇▇▇▇ options to purchase 1,000,000 shares of NXST common stock at the NASDAQ market closing price effective the day this addendum is signed by both the Company and Sook (the “Effective Date”).
Subject to the terms and conditions of this Agreement, during the term of this Agreement the Company will continue to employ Sook as the Company’s Chairman, Chief Executive Officer and President.
Sook may voluntarily terminate his employment hereunder for any reason or for no reason upon thirty (30) days prior written notice to the Company.
This Agreement shall not be assigned by the Company without the prior written consent of Sook except to any successor to the business of the Company.