Teligent definition
Examples of Teligent in a sentence
In addition to such compensation, Executive shall be entitled to the benefits which are afforded generally, from time to time to similarly situated executive employees of the Teligent Companies.
DSC and Telcom hereby represent and warrant to AGI and MSI that, immediately after the Conversion, Telcom will be the sole record and beneficial owner of the shares of Common Stock into which the member interest in Teligent, L.L.C. currently held by DSC is converted pursuant to the Conversion.
MSI hereby represents and warrants to Telcom that, immediately after the Conversion, MSI will be the sole record and beneficial owner of the shares of Common Stock into which the member interest in Teligent, L.L.C. currently held by MSI is converted pursuant to the Conversion.
Teligent shall have no obligation to make any payment to you pursuant to this Paragraph 2(c) unless and until you execute the Supplemental Agreement.
You will be provided with information describing your options under the Teligent 401K Savings Plan under separate cover.
If you execute the Supplemental Agreement before May 28, 2018, Teligent shall have no obligation to pay you any of the amounts described in this Paragraph 2(c).
Executive hereby accepts such employment and agrees that throughout the Term, Executive will devote his full business time, attention, knowledge and skills faithfully, diligently and to the best of his ability, in the furtherance of the business of the Teligent Companies.
This Agreement may be assigned without the consent of Executive to any Teligent Company or any successor to all or substantially all of the assets of the Company and this Agreement shall be binding upon and shall inure to the benefit of the assignee hereof.
Notwithstanding the foregoing, nothing contained in this Agreement shall require the Teligent Companies to establish, maintain or continue any of the group benefits plans already in existence or hereafter adopted for the employees of the Teligent Companies, or restrict the right of the Teligent Companies to amend, modify or terminate such group benefit plans in a manner which does not discriminate against Executive as compared to other executive employees of Teligent Companies.
Immediately prior to the consummation of the offering of the Notes, Teligent, L.L.C. will merge with and into the Company (the "Reorganization"), with the Company surviving the merger.