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Consideration For This Agreement Sample Clauses

Consideration For This Agreement. This mutual agreement to arbitration and your accepting employment with the Company shall act as consideration for this Agreement. The parties agree that the consideration set forth in this paragraph is wholly adequate to support this Agreement.
Consideration For This AgreementIn addition to the employment, or continued employment, of the Employee by Company, and in addition to the mutual covenants and promises of the parties contained herein, Company shall, contemporaneous with the execution of this Agreement by Employee, or within thirty days thereafter, pay to Employee additional and special consideration of a one-time cash payment of $100.00 as additional and special consideration to support the covenants and agreements of Employee contained herein. Such $100.00 is paid for both this Agreement and the Employment Agreement.
Consideration For This Agreement. Subject to the Executive’s compliance with the terms and conditions of this Agreement, the Executive shall be entitled to the payments and benefits described in the Severance Terms attached as Exhibit A to this Agreement (the “Severance Terms”). The Executive’s right to receive the payments and benefits set forth in Section 3 of the Severance Terms (the “Severance Benefits”) is conditioned upon the Executive’s executing and not revoking a release of claims in favor of the MBIA Entities and Persons, a form of which is attached as Exhibit B to this Agreement, after the Separation Date but not later than 28 days after the Separation Date. The Executive acknowledges that the Severance Benefits: (i) in his view, exceed any payment, benefit, or other thing of value to which he might otherwise be entitled under any policy, plan, or procedure of the MBIA Entities or pursuant to any prior agreement or contract (oral, written or otherwise) between any MBIA Entity and the Executive; and (ii) shall be in full discharge of any and all liabilities and obligations of the MBIA Entities to the Executive, monetarily or with respect to employee benefits (except for vested benefits under any MBIA employee benefit pension plan) or otherwise, any and all obligations arising under any alleged written or oral employment agreement, policy, plan or procedure of the MBIA Entities and/or any alleged understanding or arrangement between the Executive and any MBIA Entity.
Consideration For This Agreement. The Parties hereby agree to amend and restate the terms of their Original Agreement and First Amendment thereto, dated March 24, 2006. In consideration for this Amended and Restated Agreement, the Parties agree to revise their mutual rights and obligations as set forth in the Original Agreement and First Amendment. As further consideration, the Parties agree that Xxxxxx will pay Arcadia an additional royalty of the Net Trait Fee on Co-Assignee Oil as set forth on Exhibit C.
Consideration For This Agreement. Employee further acknowledges that the consideration recited in this Agreement is the sole and only consideration for this Agreement; that such consideration is adequate and fair; and that no representations, promises or inducements have been made by Exide, or any of its directors, officers, employees or agents other than as appear in this Agreement.
Consideration For This AgreementIn consideration for the covenants and promises made by you in the recitals to this Agreement and in Sections 2, 9, 18 and 22 herein, the sufficiency of which you hereby acknowledge, Company will employ you as set forth herein. You acknowledge that your execution of this Agreement and your agreement to the covenants contained in Sections 2, 9, 18 and 22 herein are integral to Company’s agreement to employ you and, without such agreements, covenants and promises by you, Company would not employ you.
Consideration For This Agreement. In consideration of Employee’s promises and the General Release of Claims and Covenant Not To Sue contained in Section 3 of this Agreement, the Compaxx agrees to: a. pay or provide to Employee the payments and benefits set forth in Section 5(a) of the Employment Agreement (as defined in Section 7 hereof), subject to the terms and conditions thereof, except that (1) Employee shall receive twelve (12) months (instead of six (6) months) of base salary continuation at the rate in effect on the Separation Date, payable in accordance with the established payroll practices of the Company (but not less frequently than monthly and in equal installments); and (2) Section 5(a)(ii) of the Employment Agreement shall be amended to provide that the Company shall provide Employee with access to a personal assistant in a manner consistent with past practice for three (3) years (instead of two (2) years) following the Separation Date, provided that the dollar value attributed to the services provided by such personal assistant to Employee shall not exceed $60,000 per year; provided, further, that if the Company determines in its sole discretion that it is unable to provide Employee with such access to a personal assistant at any time during the three years, then the Company shall pay to Employee a lump sum cash payment equal to $60,000 per year for the remainder of the three-year period, pro-rated for partial calendar years; and b. take the following actions with respect to certain of Employee’s outstanding options: (1) amend Employee’s 72,000 options outstanding on the Separation Date with an exercise price greater than $9.70 (the “3-Year Extension Options”) such that the period of time in which Employee has to exercise the shares subject to the 3-Year Extension Options shall be extended until the earlier of (i) the expiration of the original term of each Option or (ii) the third anniversary of the Separation Date; and (2) amend Employee’s 20,000 options outstanding on the Separation Date with an exercise price equal to $9.14 (the “2-Year Extension Options” and, together with the 3-Year Extension Options, the “Extended Options”) such that the period of time in which Employee has to exercise the shares subject to the 2-Year Extension Options shall be extended until the earlier of (i) the expiration of the original term of each Option or (ii) the second anniversary of the Separation Date. Notwithstanding the foregoing, in no event shall any Extended Option remain outstanding...
Consideration For This AgreementIn addition to the continued employment of the Employee by Company, and in addition to the mutual covenants and promises of the parties contained herein, Company shall, within fifteen (15) days after the execution of this Agreement by both parties, grant to Employee the shares of unregistered restricted stock to be issued effective on the effective date of employment as provided for in Attachment “A” hereto as additional and special consideration to support the covenants and agreements of Employee contained herein. Such consideration is paid for both this Agreement and the Confidentiality Agreement.
Consideration For This Agreement. In consideration of Employee’s promises and the General Release of Claims and Covenant Not To Xxx contained in Paragraph 3 of this Agreement, the Company agrees to provide the following to Employee the following amounts (collectively, the “Consideration”):
Consideration For This Agreement. Pharmacy agrees that nothing of value, other than as set forth in this Agreement, was demanded or exchanged by Company in return for participation in the Company pharmacy network or signing of this Agreement.