Consideration from Dell Sample Clauses

Consideration from Dell. If Executive signs this Agreement and does not revoke it, Dell will provide Executive with the following good and valuable consideration.

Consideration from Dell. If Executive signs this Agreement and does not revoke it, Dell will provide Executive with the following good and valuable consideration. Executive agrees that, except as expressly set forth in this Agreement and Dell’s benefit plans, Executive is not entitled to receive from Dell the payment or distribution of any amounts of pay (including bonuses), benefits, cash, stock, stock options or other type of property. Executive agrees that Dell may withhold all taxes it determines it is legally required to withhold from any payments set forth herein, and acknowledges that Executive is responsible for paying any taxes on amounts Executive receives because Executive signed this Agreement.

Consideration from Dell. If Executive signs this Agreement and does not revoke it, Dell will provide Executive with the following good and valuable consideration. Executive hereby specifically authorizes Dell to pay any or all such consideration via direct deposit into the bank account for which Executive has previously authorized Dell to deposit their compensation. Executive agrees that, except as expressly set forth in this Agreement and Dell’s health and welfare and retirement plans, Executive is not entitled to receive from Dell the payment or distribution of any amounts of pay, commissions, bonuses, benefits, cash, incentives, stock, stock options or other type of property. ▇. ▇▇▇▇▇▇▇▇▇ Pay. Dell will pay Executive the amount of $2,250,000.72 (less applicable withholding for taxes) as severance (the “Severance”), which Executive will be entitled to receive as follows: 2/3rds of the Severance will be paid in a lump sum on Dell’s first payroll date that occurs immediately after the date 30 days following Executive’s employment termination date and, assuming Executive’s compliance with the terms of this Agreement and Section 4 of Executive’s Protection of Sensitive Information, Noncompetition and Nonsolicitation Agreement, 1/3rd of the Severance will be paid in a lump sum on Dell’s first payroll date that occurs immediately after the one-year anniversary of Executive’s employment termination date, in each case subject to Executive's execution and non-revocation of a Severance Agreement and Release (the “Agreement and Release”).

Consideration from Dell. If M▇. ▇▇▇▇▇▇▇ signs this Agreement and the separate agreement between M▇. ▇▇▇▇▇▇▇ and Dell, entitled Protection of Sensitive Information, Noncompetition and Nonsolicitation Agreement (attached hereto), does not revoke this Agreement, and complies fully with this Agreement and the Protection of Sensitive Information, Noncompetition and Nonsolicitation Agreement, Dell will provide M▇. ▇▇▇▇▇▇▇ with the following valuable consideration, which is expressly agreed to be in addition to anything to which M▇. ▇▇▇▇▇▇▇ is currently entitled:

Consideration from Dell. Releasor acknowledges and agrees that Dell has no obligation to compensate Releasor with respect to any of Releasor’s expired Dell Inc. stock options. If Releasor signs and fully complies with this agreement and Releasor’s obligations in the agreement referenced in paragraph 4 below, Dell will pay Releasor $______(less applicable taxes and withholdings) within 45 calendar days after Dell files its fiscal 2007 Annual Report on Form 10-K with the United States Securities and Exchange Commission.