Common use of Common Stock Rights Clause in Contracts

Common Stock Rights. On the Termination Date the Company shall pay to the Executive a lump sum cash payment equal to $634,524, plus an amount equal to all of the dividends that have accrued and are payable, as of the Termination Date, pursuant to the terms of the 2002 Award Agreement, in full satisfaction of the Company's obligations under the 2002 Award Agreement. The Executive hereby waives any rights he may have to the Tax Payments (as such term is defined in the 2002 Award Agreement) and to the Rights granted pursuant to the 2003 Award Agreement and any Tax Payments related thereto.

Appears in 2 contracts

Samples: Transition Agreement (Reckson Operating Partnership Lp), Transition Agreement (Reckson Operating Partnership Lp)

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Common Stock Rights. On the Termination Date the Company shall pay to the Executive a lump sum cash payment equal to $634,5241,080,609, plus an amount equal to all of the dividends that have accrued and are payable, as of the Termination Date, pursuant to the terms of the 2002 Award Agreement, in full satisfaction of the Company's obligations under the 2002 Award Agreement. The Executive hereby waives any rights he may have to the Tax Payments (as such term is defined in the 2002 Award Agreement) and to the Rights granted pursuant to the 2003 Award Agreement and any Tax Payments related thereto.

Appears in 1 contract

Samples: Transition Agreement (Reckson Operating Partnership Lp)

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Common Stock Rights. On the Termination Date the Company shall pay to the Executive a lump sum cash payment equal to $634,524587,190, plus an amount equal to all of the dividends that have accrued and are payable, as of the Termination Date, pursuant to the terms of the 2002 Award Agreement, in full satisfaction of the Company's obligations under the 2002 Award Agreement. The Executive hereby waives any rights he may have to the Tax Payments (as such term is defined in the 2002 Award Agreement) and to the Rights granted pursuant to the 2003 Award Agreement and any Tax Payments related thereto.

Appears in 1 contract

Samples: Transition Agreement (Reckson Operating Partnership Lp)

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