Former Management Obligations

Former Management Obligations. Means, collectively, (i) the four promissory notes issued by Simmons Company to Robert K. Barton; (ii) each of the Stock Repurchase Letter Agreements, as amended, by and among Simmons Company and the Company, on the one hand, and Leo T. Brennan, Ronald G. Hutchinson, Robert W. Lachenmaier, Jr., Paul R. Leber, Jr., Rod Saunders, respectively, on the other; and (iii) each of the Separation Agreements, as amended, by and among Simmons Company... and the Company, on the one hand, and Mark Parris hand Joyce H. Glover, respectively, on the other. View More