Agreement Consideration Sample Clauses
Agreement Consideration. In consideration for execution of this Agreement and the Executive's performance of the covenants of the Executive contained herein, the Company agrees to pay to the Executive $840,000.00 within two (2) business days following consummation of the Merger. It is understood and agreed that the execution and delivery of this Agreement by the Executive is a material inducement to the willingness of the Company to enter into the Merger Agreement and to consummate the transactions contemplated thereby.
Agreement Consideration. In consideration for execution of this Agreement and the Executive's performance of the covenants of the Executive contained herein, the Company agrees to pay to the Executive $1,010,000 on the first business day following consummation of the Merger or on such later date as the parties hereto may agree.
Agreement Consideration. FOUNDATION, in consideration of a purchase price payment by CITY in the amount of One Million One Hundred Thousand Dollars ($1,100,000.00) (“Purchase Price”) and other sufficient consideration provided herein agrees, subject to the terms and conditions set forth herein, to sell and convey to CITY the “Property” as legally described on Exhibit “A”. The Property shall be conveyed by special warranty deed in substantially the same form as shown in Exhibit “B”, subject to retention of permanent utility easements, easements of record, and permitted exceptions, terms, and conditions as described herein, as well as public park land dedication deed covenants. CITY shall pay the Purchase Price in certified funds to FOUNDATION at closing. This Agreement is subject to FOUNDATION’s unconditional agreement that the entirety of the Purchase Price shall be used by FOUNDATION for park improvements and/or an endowment, as determined by City, for the Property.
Agreement Consideration. Contemporaneously with the execution of this Agreement, Purchaser hereby delivers to Seller the amount of $100.00 (the “Purchaser’s Agreement Consideration”), as the consideration for Seller’s execution and delivery of this Agreement. The Purchaser’s Agreement Consideration is in addition to and independent of any other consideration or payment provided for in this Agreement, is nonrefundable and shall be retained by Seller notwithstanding any other provision of this Agreement. To the extent that this Agreement is ever construed as an option agreement, it is acknowledged that the Purchaser’s Agreement Consideration shall serve as consideration for such option, and based upon such consideration Seller agrees that such option is irrevocable and Seller shall not terminate such option without the prior written consent of Purchaser, except as may be expressly provided for herein.
Agreement Consideration. In consideration for execution of this Agreement and the Executive's performance of the covenants of the Executive contained herein, the Company agrees to pay to the Executive $1,269,140 within five (5) days of the consummation of the Merger or such later date as the parties hereto may agree.
Agreement Consideration. (a) In consideration of the obligations and commitments of the Consultant under this Agreement, First Defiance or First Federal shall pay the Consultant during the initial term $100,000, payable in 12 monthly installments of $8,333.33, and, during any subsequent term, $85,000, payable in 12 monthly installments of $7,083.33.
(b) During the Term, First Defiance or First Federal shall also (i) pay membership dues for the Consultant for membership in professional organizations that are approved by the Board of Directors of First Defiance from time to time; and (ii) provide Consultant with office space, a laptop, IPad and cell phone.
(c) The Consultant shall be solely responsible for the payment of any and all federal, state and local income taxes, employment taxes, workers’ compensation taxes and assessments and any other taxes or assessments required to be paid with respect to this compensation.
Agreement Consideration. In consideration for the execution of this Agreement and the Executive's performance of the covenants contained herein, the Company agrees to pay the Executive the Merger Consideration (as such term is defined in the Merger Agreement) for the Shares upon the consummation of the Merger [and to enter into the covenants set forth herein]. It is understood and agreed that the execution and delivery of this Agreement by the Executive is a material inducement to and a condition precedent to the Company's obligations to consummate the Merger pursuant to the Merger Agreement.
Agreement Consideration. The Parties agree that Agreement Section V Consideration shall read as follows: