Whereas, the Employer desires to incentivize the Employee to continue employment with online casino games for fun germany the Employer following the consummation of its acquisition by Markel Corporation (the.
(ii) If the Employees employment is terminated by the Company following such approval by the applicable Board of Directors of a transaction described in subparagraph (i) of this Paragraph (g) (provided that such transaction qualifies as a Change in Control within the meaning of Section.
Therefore, if you disclose the terms of this Agreement, including the amount of the Stay Bonus, to anyone other than your spouse and tax or legal advisors, you may not be paid the Stay Bonus.Employee shall have no binding right to distributions made to it in error or any right to designate the time of payment of any Stay Bonus.Signature page follows IN witness whereof, the parties have duly executed this Agreement as of the date first above written.Exclusive Discounts, save on additional legal services from our nationwide network of lawyers.No Right to Continued Employment.Confidential Information ) and the exclusive property of the Employer, its subsidiaries and corporate affiliates.Payment under (ii) shall be made on the later of the first day of the seventh (7th) month following the Employees termination of Employment, or on the fifth (5th) business day following the closing of such transaction.This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same agreement.The obligations of the Employer to make payments under this Agreement shall be contractual only and all such payments shall be made from the general assets of the Employer.
Payment of Stay Bonus.
Subject to the terms and conditions set forth herein, the Stay Bonus will be due and payable on the earlier of (a) the one year anniversary of the Closing or (b) the date of a termination of the Employees employment that occurs following the Closing.NOW, therefore, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties hereto, intending to be legally bound, agree as follows:.Meet, aLL your legal needs with a Rocket Lawyer membership.In the event that the Closing does not occur prior to January 1, 2014, this Agreement shall automatically terminate and be of no further force or effect.Document Review, review up to 6 documents a year with an attorney.The headings and captions used in this Agreement are for convenience of reference only, and shall in no way define, limit, expand or otherwise affect the meaning or construction of any provision of this Agreement.All records of and materials relating to Confidential Information or other information, whether in written form or in a form produced or stored by any electrical or mechanical means or process and whether prepared, compiled or obtained by Employee or by the Employer or any.Agreement between Alterra Capital Holdings Limited and its subsidiaries, (collectively, the.Ask a Lawyer, get 2 Q A sessions with an attorney every month 1-on-1 Legal Advice, enjoy 30-minute consultations on each new legal matter.Following Employees separation from service with the Employer, Employee will furnish such information and render such assistance and cooperation as may be reasonably requested by the Employer in connection with any litigation or legal proceedings concerning the Employer, subject to reimbursement of Employee for reasonable.
The amount of the Stay Bonus is _ (less applicable taxes and deductions provided, however, that it is a condition of payment of the Stay Bonus that you maintain the confidentiality of all terms of this Agreement.
EX-10.11 5 m exhibit, exhibit.11, sTAY bonus agreement.