Adequacy of Consideration. The parties acknowledge and agree that in the Employment Agreement, the Company offered certain severance payments conditioned upon the Executive’s execution of this Separation Agreement. The Executive acknowledges that the severance payments offered by the Company constitute good and valuable consideration to which the Executive would otherwise not be entitled absent his execution of this Separation Agreement.
Appears in 6 contracts
Samples: Employment Agreement (Century Communities, Inc.), Employment Agreement (Century Communities, Inc.), Employment Agreement (Century Communities, Inc.)
Adequacy of Consideration. The parties acknowledge and agree that in the Employment Agreement, the Company COMPANY offered certain severance payments conditioned upon the ExecutiveEXECUTIVE’s execution of this Separation Agreement. The Executive EXECUTIVE acknowledges that the severance payments offered by the Company COMPANY constitute good and valuable consideration to which the Executive EXECUTIVE would otherwise not be entitled absent his execution of this Separation Agreement.
Appears in 5 contracts
Samples: Employment Agreement (Century Communities, Inc.), Employment Agreement (Century Communities, Inc.), Employment Agreement (Century Communities, Inc.)
Adequacy of Consideration. The parties acknowledge and agree that in the Employment Agreement, the Company offered certain severance payments conditioned upon the Executive’s Executive ‘s execution of this Separation Agreement. The Executive acknowledges that the severance payments offered by the Company constitute good and valuable consideration to which the Executive would otherwise not be entitled absent his execution of this Separation Agreement.
Appears in 1 contract
