Additional Consideration for Non-Competition Restrictions. In exchange for your compliance with the restrictions set forth in this Section 1, the Company will award you the Time-Based Grant (as defined in the Employment Agreement between you and the Company dated on or about the date hereof). You understand and agree that the foregoing consideration has been mutually agreed upon by the Company and you, is fair and reasonable, and is sufficient consideration in exchange for the restrictions set forth in this Section 1.
Additional Consideration for Non-Competition Restrictions. In exchange for the Employee’s agreement to abide by the restrictions set forth in this Section 3, and as more fully set forth in the Employment Agreement, to which this Agreement is attached as Exhibit B (the “Employment Agreement”) the Company, subject to approval of its Board of Directors where applicable, will provide the Employee with eligibility for the severance benefits set forth in Section 4(b) of the Employment Agreement. The Employee understands and agrees that this consideration has been mutually agreed upon by the Company and the Employee, is fair and reasonable, and is sufficient consideration in exchange for the restrictions set forth in this Section 3.
Additional Consideration for Non-Competition Restrictions. In exchange for the Employee’s compliance with the restrictions set forth in this Section 1,4 [If including garden leave, insert the following: during the post-employment portion of the Restricted Period, the Company will pay the Employee 50% of the highest annualized base salary rate paid to the Employee by the Company within the two (2) years preceding the Employee’s separation date, less all applicable taxes and withholdings (the “Non-Compete Consideration”). The Non-Compete Consideration will be paid ratably in accordance with the Company’s regular payroll practices, commencing with the first payroll cycle beginning after the Employee’s separation date, except as may otherwise be required by Section 4(i) below. The Employee understands and agrees that the Company may discontinue or otherwise not provide the Non-Compete Consideration (i) if the Restricted Period expires upon the termination of the employment relationship pursuant to the last sentence of Section 1(b)(i), (ii) if the Employee breaches this Agreement, or (iii) during any portion of the Restricted Period that has been extended in accordance with Section 1(b)(i); provided, however, that with respect to (ii) or (iii) any such cessation shall not excuse the Employee’s compliance with his/her obligations under this Section 1 or otherwise in this Agreement.] 5 OR [If including “other mutually agreed upon consideration” to be paid or granted prior to the post-employment period, insert description of consideration being provided, along the lines of the following: and as more fully set forth in the Employee’s [offer letter] to which this Agreement is attached, the Company, subject to approval of its Board of Directors where applicable, will grant the Employee [a stock option under the Company’s stock incentive plan] [a [$$$$] signing bonus]]. OR [If including “mutually agreed upon consideration” to be paid or granted during the post-employment period, insert description of consideration being provided, along the lines of the following: during the post-employment portion of the Restricted Period, the Company will [pay/grant] the Employee [Insert description of post-employment payments/grants]“(the “Non-Compete Consideration”). The Non-Compete Consideration will be paid [ratably in accordance with the Company’s regular payroll practices, commencing with the first payroll cycle beginning after the Employee’s separation date], except as may otherwise be required by Section 4(i) below. The Employee unde...
Additional Consideration for Non-Competition Restrictions. In exchange for the Employee’s compliance with the restrictions set forth in this Section 1, and as more fully set forth in the Employee’s Offer Letter to which this Agreement is attached, the Company, subject to approval of its Board of Directors where applicable, will grant the Employee the Equity Awards under the Company’s 2015 Stock Incentive Plan. The Employee understands and agrees that the above-stated consideration has been mutually agreed upon by the Company and the Employee, is fair and reasonable, and is sufficient consideration in exchange for the restrictions set forth in this Section 1.
Additional Consideration for Non-Competition Restrictions. In exchange for your compliance with the restrictions set forth in this Section 1, the Company will award you the Sign-On Grant (as defined in the Employment Agreement between you and the Company dated on or about the date hereof). You understand and agree that the foregoing consideration has been mutually agreed upon by the Company and you, is fair and reasonable, and is sufficient consideration in exchange for the restrictions set forth in this Section 1.
Additional Consideration for Non-Competition Restrictions. In exchange for the Employee’s compliance with the restrictions set forth in this Section 1, and as referenced in the Employee’s Employment Agreement to which this Agreement is attached, the Company, subject to approval of its Board of Directors where applicable, will pay the Employee a $5,000 non-competition bonus, less applicable taxes and withholdings, which will be paid to the Employee in the first payroll cycle following the Employee’s execution of this Agreement (and in any event during the 2021 calendar year). The Employee understands and agrees that the above-stated consideration has been mutually agreed upon by the Company and the Employee, is fair and reasonable, and is sufficient consideration in exchange for the restrictions set forth in this Section 1.
Additional Consideration for Non-Competition Restrictions. In exchange for your compliance with the restrictions set forth in this Section 1, the Company is awarding you a restricted stock unit grant of 127,552 shares, which award will vest as to one-third of the underlying shares on February 23, 2024 and as to one-sixth of the underlying shares every six months thereafter, subject to your continued employment with the Company on each vesting date and to the other terms and conditions of the award agreement. You understand and agree that the foregoing consideration has been mutually agreed upon by the Company and you, is fair and reasonable, and is sufficient consideration in exchange for the restrictions set forth in this Section 1.
Additional Consideration for Non-Competition Restrictions. In exchange for the Employee’s compliance with the restrictions set forth in this Section 1, the Employee will be eligible to receive cash severance and other severance benefits pursuant to the terms and conditions of the Company’s Executive Severance and Change in Control Benefits Plan. The Employee understands and agrees that the above-stated consideration has been mutually agreed upon by the Company and the Employee, is fair and reasonable, and is sufficient consideration in exchange for the restrictions set forth in this Section 1.
