Deferred Compensation and Interest Sample Clauses

Deferred Compensation and Interest. The Company acknowledge that the Executive agrees that it could be necessary to defer certain payments or benefits, and the Company does not intend that Executive relinquish, and Executive does not hereby relinquish, any rights thereto.
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Deferred Compensation and Interest. Parent and the Company acknowledge that the Executive previously has agreed to the deferral of certain payments or benefits, and Parent and the Company do not intend that Executive relinquish, and Executive does not hereby relinquish, any rights thereto.
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Related to Deferred Compensation and Interest

  • Deferred Compensation Upon the consummation of the Initial Business Combination, the Company will cause the Trustee to pay to the Representative, on behalf of the Underwriters, the Deferred Discount. Payment of the Deferred Discount will be made out of the proceeds of the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its Initial Business Combination within the time period prescribed in the Amended and Restated Certificate of Incorporation, the Deferred Discount will not be paid to the Representative and will, instead, be included in the liquidation distribution of the proceeds held in the Trust Account made to the Public Stockholders. In connection with any such liquidation distribution, the Underwriters will forfeit any rights or claims to the Deferred Discount.

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