Sentences with phrase «new employment agreement»

These sometimes are new employment agreements with the buyer that take effect only at closing, or transition services provisions in a purchase and sale agreement.

Other ancillary documentation may include registration rights, founder stock restriction agreements, new employment agreements for key employees, a stock option plan and a management rights agreement.

Perhaps clients will want new employment agreements to address the issues.

Below are descriptions of these agreements, which have been superseded by new employment agreements.

In May 2012, our compensation committee unanimously approved new employment agreements and compensation arrangements with the named executive officers, which replace and supersede the predecessor employment agreements described above, effective May 9, 2012.

In March 2015, online travel company Expedia entered into a new employment agreement with Khosrowshahi, who had been its chief executive since a 2005 spinoff from then - parent IAC.

Dean Foods recently disclosed its new employment agreement with Greg Engles, who served as CEO for more than twenty years before stepping down in October to take the CEO role at Dean Foods» majority - owned and -LSB-...]

Barring a breakthrough in negotiations over a new employment agreement at a meeting on 29 April, staff at the Commonwealth Scientific and Industrial Research Organisation (CSIRO) could start skipping meetings with managers and ignoring their phone messages, refusing to fill in time sheets, and working strictly to specified hours.

Ensure that any new employment agreements have good severance provisions that can be triggered by the former owner / now employee, and minimize any linkages to payment of the sale proceeds with the length of employment, post-closing.

The Court of Appeal held that the lower court erred in law in finding that there was no consideration for the new employment agreement.

Notably, the plaintiff was not provided with a bonus or additional compensation or severance payments upon signing the new employment agreement.

The employer who drafts an agreement prescribing a fixed notice period, rather than one that increases with the employee's years of service, and who does not negotiate a new employment agreement when the employee's years of service entitles him / her to a longer period of notice, assumes the risk that the clause will become invalid at that point and that the common law will prevail to determine the period of notice required.

Chevalier signed a new employment agreement with Active Tire & Auto Centre Inc. that required him to fully comply with, and implement the new employer's operating procedures set out in its manual.

In one of my earlier posts, I took the position that simple continuation of employment is not sufficient consideration for a new employment agreement.

In accordance with the foregoing, on May 8, 2012, we entered into a new employment agreement with each of the named executive officers.

We incorporated the Recoupment Policy into the 2012 Plan, the 2012 MIP and the new employment agreements.

The following table highlights certain items contained in the new employment agreements for the named executive officers.