Consideration for Restrictions. Executive acknowledges that the restrictions imposed under Sections 3, 8, 9, and 11 are supported by the consideration to be received by Executive pursuant to the terms of this Agreement.
Consideration for Restrictions. It is hereby acknowledged and agreed that any restrictions imposed on the operation of the Project herein and which are in addition to those imposed pursuant to Section 142(d) of the Code or the Act are at the request of the Owner, and that the Owner has voluntarily agreed to such additional restrictions in order to obtain financial assistance from the City and an allocation of private activity bond volume cap from CDLAC.
Consideration for Restrictions. Employee acknowledges and represents that additional consideration for the restrictive covenants contained in this Agreement, above and beyond the consideration provided to Employee for Employee’s employment with the Company prior to the Effective Date, inclusive of consideration under the Previous Agreement, and above and beyond what Employee would otherwise be entitled to, including but not limited to additional severance compensation, is provided under this Agreement as good and valuable consideration for the obligations and duties of Employee set forth herein.
Consideration for Restrictions. In consideration for the Employee's agreement to the restrictions under this Agreement, the Company shall pay to the Employee each year for a period of fifteen (15) years an amount equal to 50% of the Employee's Annual Base Salary for the calendar year ending prior to the Employee's date of termination of employment, payable in equal monthly installments or other convenient installments, commencing with the first day of the first month following his termination of employment. In the event of a breach or threatened breach of any of the Employee's duties and obligations under the terms and provisions of Sections 4 or 6, the Company shall be entitled to cease any and all future payments under this Section 7.
