Extension of Agreement to Additional Interested Corporation. This Agreement will be deemed to extend and apply, without any further act on behalf of the Corporation or the Indemnified Party, or amendment hereto, to any corporation, society, partnership, association, syndicate, joint venture or trust which may at any time become an Interested Corporation (but, for greater certainty, not with respect to Other Entities) and the Indemnified Party will be deemed to have acted or be acting at the Corporation’s or an Interested Corporation’s request upon her being first appointed or elected as a director or officer of an Interested Corporation if then serving as a director or officer of the Corporation. IN WITNESS WHEREOF the Corporation and the Indemnified Party have hereunto set their hands and seals as of the day and year first above written. THE CORPORATE SEAL OF ▇▇▇▇▇▇▇ BROS. AUCTIONEERS INCORPORATED was hereunto affixed in the presence of: ) ) ) ) C/S ) ) ) By: /s/ ▇▇▇▇▇▇ ▇▇▇▇ ) Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇ Title: Corporate Secretary SIGNED, SEALED AND DELIVERED by ▇▇▇ ▇▇▇▇▇▇▇▇ in the presence of: ) ) ) /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ) /s/ ▇▇▇ ▇▇▇▇▇▇▇▇ Signature ) ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ) Print Name ) ) Philadelphia, PA ) City / State ) ) Notary ) Occupation ) THIS AGREEMENT executed on the 14th day of December, 2019. BETWEEN:
Appears in 1 contract
Sources: Employment Agreement (Ritchie Bros Auctioneers Inc)
Extension of Agreement to Additional Interested Corporation. This Agreement will be deemed to extend and apply, without any further act on behalf of the Corporation or the Indemnified Party, or amendment hereto, to any corporation, society, partnership, association, syndicate, joint venture or trust which may at any time become an Interested Corporation (but, for greater certainty, not with respect to Other Entities) and the Indemnified Party will be deemed to have acted or be acting at the Corporation’s or an Interested Corporation’s request upon her his being first appointed or elected as a director or officer of an Interested Corporation if then serving as a director or officer of the Corporation. IN WITNESS WHEREOF the Corporation and the Indemnified Party have hereunto set their hands and seals as of the day and year first above written. THE CORPORATE SEAL OF ▇R▇▇▇▇▇▇ ) BROS. AUCTIONEERS ) INCORPORATED was hereunto affixed in ) C/S the presence of: ) ) ) ) C/S ) ) ) By: /s/ ▇D▇▇▇▇▇ ▇. ▇▇▇▇ ) Name: ▇D▇▇▇▇▇ ▇. ▇▇▇▇ Title: Corporate Secretary SIGNED, SEALED AND DELIVERED by ) J▇▇▇▇ ▇▇▇▇ in the ) presence of: ) ) /s/ T▇▇▇ ▇▇▇▇▇▇▇▇ in the presence of: ) ) ) /s/ ▇▇J▇▇▇▇ ▇▇▇▇ Signature ) J▇▇▇▇ ▇▇▇▇ ) /s/ T▇▇▇ ▇▇▇▇▇▇▇▇ Signature ) Print Name ) ) 9▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇▇ ▇▇ ) Print Name Address ) ) Philadelphia, PA ) City / State ) ) Notary Executive Asst. ) Occupation ) THIS AGREEMENT executed on the 14th 3rd day of DecemberNovember, 20192014. BETWEEN: a corporation incorporated under the laws of the State of Washington, and having an office at 4▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (the “Company”) AND: (the “Executive”) WITNESSES THAT WHEREAS:
A. The Executive is an executive of the Company and the Parent Company (as defined below) and is considered by the Board of Directors of the Parent Company (the “Board”) to be a vital employee with special skills and abilities, and will be well-versed in knowledge of the Company’s business and the industry in which it is engaged;
B. The Board recognizes that it is essential and in the best interests of the Company and its shareholders that the Company retain and encourage the Executive’s continuing service and dedication to his office and employment without distraction caused by the uncertainties, risks and potentially disturbing circumstances that could arise from a possible change in control of the Parent Company;
C. The Board further believes that it is in the best interests of the Company and its shareholders, in the event of a change of control of the Parent Company, to maintain the cohesiveness of the Company’s senior management team so as to ensure a successful transition, maximize shareholder value and maintain the performance of the Company;
D. The Board further believes that the service of the Executive to the Company requires that the Executive receive fair treatment in the event of a change in control of the Parent Company; and
E. In order to induce the Executive to remain in the employ of the Company notwithstanding a possible change of control, the Company has agreed to provide to the Executive certain benefits in the event of a change of control.
Appears in 1 contract
Sources: Employment Agreement (Ritchie Bros Auctioneers Inc)
Extension of Agreement to Additional Interested Corporation. This Agreement will be deemed to extend and apply, without any further act on behalf of the Corporation or the Indemnified Party, or amendment hereto, to any corporation, society, partnership, association, syndicate, joint venture or trust which may at any time become an Interested Corporation (but, for greater certainty, not with respect to Other Entities) and the Indemnified Party will be deemed to have acted or be acting at the Corporation’s 's or an Interested Corporation’s 's request upon her his being first appointed or elected as a director or officer of an Interested Corporation if then serving as a director or officer of the Corporation. IN WITNESS WHEREOF the Corporation and the Indemnified Party have hereunto set their hands and seals as of the day and year first above written. THE CORPORATE SEAL OF ▇R▇▇▇▇▇▇ ) BROS. AUCTIONEERS ) INCORPORATED was hereunto affixed in ) C/S the presence of: ) ) ) ) C/S ) ) ) By: /s/ ▇D▇▇▇▇▇ ▇. ▇▇▇▇ ) Name: ▇D▇▇▇▇▇ ▇. ▇▇▇▇ Title: Corporate Secretary SIGNED, SEALED AND DELIVERED by ) T▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ in the ) presence of: ) /s/ K▇▇▇ Verhejen ) /s/ T▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Signature ) T▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ K▇▇▇ Verhejen ) Print Name ) S▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇, ▇▇ in the presence of: ) ) ) /s/ ▇▇▇▇▇ ) Address ) Corp. Demand Planning Mgr. ) Occupation ) THIS AGREEMENT executed on the 1st day of May, 2015. BETWEEN: a corporation incorporated under the laws of the State of Washington, and having an office at 4▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ) /s/ ▇▇▇ , ▇▇▇▇▇▇▇▇ Signature ) ▇▇▇ , ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (the "Company") Print Name AND: (the "Executive") WITNESSES THAT WHEREAS:
A. The Executive is an executive of the Company and the Parent Company (as defined below) Philadelphiaand is considered by the Board of Directors of the Parent Company (the "Board") to be a vital employee with special skills and abilities, PA ) City / State ) ) Notary ) Occupation ) THIS AGREEMENT executed on and will be well-versed in knowledge of the 14th day Company's business and the industry in which it is engaged;
B. The Board recognizes that it is essential and in the best interests of Decemberthe Company and its shareholders that the Company retain and encourage the Executive's continuing service and dedication to his office and employment without distraction caused by the uncertainties, 2019. BETWEEN:risks and potentially disturbing circumstances that could arise from a possible change in control of the Parent Company;
C. The Board further believes that it is in the best interests of the Company and its shareholders, in the event of a change of control of the Parent Company, to maintain the cohesiveness of the Company's senior management team so as to ensure a successful transition, maximize shareholder value and maintain the performance of the Company;
D. The Board further believes that the service of the Executive to the Company requires that the Executive receive fair treatment in the event of a change in control of the Parent Company; and
E. In order to induce the Executive to remain in the employ of the Company notwithstanding a possible change of control, the Company has agreed to provide to the Executive certain benefits in the event of a change of control.
Appears in 1 contract
Sources: Employment Agreement (Ritchie Bros Auctioneers Inc)