Examples of Transition Agreement in a sentence
We assume this must be the case given that, upon entry into the Confidentiality Agreement, a Qualified Tender Participant will not have reviewed Second Phase materials (including the terms of the Licence Agreement and the Transition Agreement) or commenced due diligence.
Among other things, the Transition Agreement extended the CEO’s severance from 12-months salary and bonus to 24-months salary and bonus, beginning on the date a new CEO was hired by the Company.
Even so, the changes the DPD has accomplished so far have shown great improvement over its past practices, and with additional effort and time under the Transition Agreement the DPD should be able to complete these reforms.
While untimely investigations are a continuing concern that we will closely monitor under the Transition Agreement, here it had the unanticipated benefit of providing broader perspective for our review, allowing us to see how the DPD’s recent changes have affected its investigative processes.