Common use of Consideration from Company Clause in Contracts

Consideration from Company. In exchange for Executive's obligations under this Agreement, the Company shall pay Executive those severance payments and benefits described in Sections 7, 8 and 9, as applicable, of the Employment Agreement, which are incorporated herein by reference and made a part of this Agreement. Executive acknowledges that Executive is not otherwise entitled to receive such severance payments and benefits, these severance payments and benefits are conditioned on Executive's compliance with the terms of this Agreement and the Employment Agreement, including without limitation Sections 11 and 12 thereof. Executive acknowledges and agrees that Company will withhold any taxes required by applicable law from the severance payments and benefits.

Appears in 8 contracts

Samples: Employment Agreement (Mariner Energy Inc), Employment Agreement (Mariner Energy Inc), Employment Agreement (Mariner Energy Inc)

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Consideration from Company. In exchange for Executive's ’s obligations under this Agreement, the Company shall pay Executive those severance payments and benefits described in Sections 7, 8 and 9, as applicable, Section 6(a) of the Employment Agreement, which are incorporated herein by reference and made a part of this Agreement. Executive acknowledges that Executive is not otherwise entitled to receive such severance payments and benefits, these severance payments and benefits are conditioned on Executive's ’s compliance with the terms of this Agreement and the Employment Agreement, including without limitation Sections 11 and 12 thereof. Executive acknowledges and agrees that Company will withhold any taxes required by applicable law from the severance payments and benefits.

Appears in 3 contracts

Samples: Waiver and Release Agreement (Calumet Specialty Products Partners, L.P.), Employment Agreement (Calumet Specialty Products Partners, L.P.), Employment Agreement (Calumet Specialty Products Partners, L.P.)

Consideration from Company. In exchange for Executive's ’s obligations under this Agreement, the Company shall pay Executive those severance payments and benefits described in Sections 7, 8 and 9, as applicable, of the Employment Agreement, which are incorporated herein by reference and made a part of this Agreement. Executive acknowledges that Executive is not otherwise entitled to receive such severance payments and benefits, these severance payments and benefits are conditioned on Executive's ’s compliance with the terms of this Agreement and the Employment Agreement, including without limitation Sections 11 and 12 thereof. Executive acknowledges and agrees that Company will withhold any taxes required by applicable law from the severance payments and benefits.

Appears in 3 contracts

Samples: Employment Agreement (Mariner Energy Inc), Employment Agreement (Mariner Energy Resources, Inc.), Employment Agreement (Mariner Energy Inc)

Consideration from Company. In exchange for Executive's ’s obligations under this Agreement, the Company shall pay Executive those severance payments and benefits described in Sections 7, 8 8, and 9, as applicable, of the Employment Agreement, which are incorporated herein by reference and made a part of this Agreement. Executive acknowledges that Executive is not otherwise entitled to receive such severance payments and benefits, these severance payments and benefits are conditioned on Executive's ’s compliance with the terms of this Agreement and the Employment Agreement, including without limitation Sections 11 and 12 thereof. Executive acknowledges and agrees that Company will withhold any taxes required by applicable law from the severance payments and benefits.

Appears in 1 contract

Samples: Employment Agreement (Mariner Energy Inc)

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Consideration from Company. In exchange for Executive's obligations under this Agreement, the Company shall pay Executive those severance payments and benefits described in Sections 7, 8 8, and 9, as applicable, of the Employment Agreement, which are incorporated herein by reference and made a part of this Agreement. Executive acknowledges that Executive is not otherwise entitled to receive such severance payments and benefits, these severance payments and benefits are conditioned on Executive's compliance with the terms of this Agreement and the Employment Agreement, including without limitation Sections 11 and 12 thereof. Executive acknowledges and agrees that Company will withhold any taxes required by applicable law from the severance payments and benefits.

Appears in 1 contract

Samples: Employment Agreement (Mariner Energy Inc)

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