Additional Consideration and Supplemental Release Sample Clauses

Additional Consideration and Supplemental Release. Subject to you (i) timely executing, returning, not revoking, and fully complying with the terms of this Agreement (including, but not limited to, your fulfillment of the Transition Duties); (ii) timely entering into and fully complying with the terms of the Consulting Agreement; and (iii) timely entering into and not revoking the Supplemental Release attached as Schedule 2 hereto, then the Company will provide you with the equity treatment set forth in subsection (i) below (collectively, the “Additional Consideration”). Notwithstanding, you understand and agree that you shall be rendered ineligible to enter into the Supplemental Release and otherwise earn the Additional Consideration if you fail to fulfill the foregoing conditions (which failure will be identified in a written notice (email to suffice) by the Company and you will be provided an opportunity to cure within five (5) days thereafter (if curable)), but the general Consideration defined above shall nevertheless continue to serve as good and binding consideration for the terms of this Agreement
Sample 1
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Additional Consideration and Supplemental Release. Subject to Employee remaining employed with the Company through the Planned Termination Date and compliant with the terms and conditions of this Agreement and the Confidentiality Agreement, and further, subject Employee timely returning Employee’s executed Supplemental Release (attached hereto as Exhibit A) that becomes effective and irrevocable within twenty-eight (28) days following the Termination Date, the Company agrees to provide additional separation benefits as described below in this subsection (the “Additional Consideration”). However, Employee acknowledges that the opportunity to continue employment through the Planned Termination Date and other mutual promises herein, including the conditional opportunity to receive Additional Consideration (subject to meeting applicable conditions), serve as good, valid and binding consideration for the terms and conditions in this Agreement.
Sample 1

Related to Additional Consideration and Supplemental Release

  • Additional Consideration Retrocessionaire agrees to pay under the Inuring Retrocessions all future premiums Retrocedant is obligated to pay pursuant to the terms of the Inuring Retrocessions to the extent that such premiums are allocable to Retrocessionaire in the manner set forth in Exhibit E hereto, and not otherwise paid by Retrocessionaire and to indemnify Retrocedant for all such premiums paid directly by Retrocedant, net of any ceding commissions and similar amounts paid by Third Party Retrocessionaires to Retrocedant.

  • Additional Considerations For each mediation or arbitration:

  • Amendments; Waivers; No Additional Consideration No provision of this Agreement may be waived or amended except in a written instrument signed by the Company, Parent and the Shareholders. No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of any Party to exercise any right hereunder in any manner impair the exercise of any such right.

  • Time for Consideration; Effective Date You acknowledge that you have knowingly and voluntarily entered into this Agreement and that the Company advises you to consult with an attorney before signing this Agreement. You understand and acknowledge that you have been given the opportunity to consider this Agreement for twenty-one (21) days from your receipt of this Agreement before signing it (the “Consideration Period”). To accept this Agreement, you must return a signed original or a signed PDF copy of this Agreement so that it is received by Xxxxxxxx Xxxxx (xxxxxx@xxxxxxxxxxx.xxx) at or before the expiration of the Consideration Period. If you sign this Agreement before the end of the Consideration Period, you acknowledge that such decision was entirely voluntary and that you had the opportunity to consider this Agreement for the entire Consideration Period. For the period of seven (7) days from the date when you sign this Agreement, you have the right to revoke this Agreement by written notice to Xx. Xxxxx, provided that such notice is delivered so that it is received at or before the expiration of the seven (7) day revocation period. This Agreement shall not become effective or enforceable during the revocation period. This Agreement shall become effective on the first business day following the expiration of the revocation period (the “Effective Date”).

  • Initial Consideration On the Effective Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder.

  • Additional Consents The Recipient consents to and acknowledges that:

  • Effective Date; Termination of Prior Intercompany Tax Allocation Agreements This Agreement shall be effective as of the Effective Time. As of the Effective Time, (i) all prior intercompany Tax allocation agreements or arrangements solely between or among BGC Partners and/or any of its Subsidiaries shall be terminated, and (ii) amounts due under such agreements as of the date on which the Effective Time occurs shall be settled. Upon such termination and settlement, no further payments by or to the BGC Group, or by or to the Newmark Group, with respect to such agreements shall be made, and all other rights and obligations resulting from such agreements between the Companies and their Affiliates shall cease at such time. Any payments pursuant to such agreements shall be disregarded for purposes of computing amounts due under this Agreement; provided, that to the extent appropriate, as determined by BGC Partners, payments made pursuant to such agreements shall be credited to the Newmark Entities or the BGC Entities, respectively, in computing their respective obligations pursuant to this Agreement, in the event that such payments relate to a Tax liability that is the subject matter of this Agreement for a Tax Period that is the subject matter of this Agreement.

  • Additional Conditions to Closing (a) All necessary approvals under federal and state securities laws and other authorizations relating to the issuance of the Acquisition Shares and the transfer of the Shares shall have been received.

  • No Additional Consideration For the avoidance of doubt, the transfer of any Assets under this Section 2.8 shall be effected without any additional consideration by either party.

  • Additional Allocation Provisions Notwithstanding the foregoing provisions of this Article 6:

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