Consideration to Xxxxxxx Sample Clauses

Consideration to Xxxxxxx. 3.1 Xxxxxxx and FM agree that the issuance of the FM Shares, and the fact of the TRGI Share Transfer occurring, shall be good and sufficient consideration for the transfer of the Xxxxxxx ETQ Shares.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Consideration to Xxxxxxx a. AHI shall arrange for the sale (the “Block Sale”), pursuant to Rule 144 under the Securities Act of 1933, as amended, of such number (the “Requisite Number”) of Restricted Shares as equals (i) Six Hundred Eighty Thousand Dollars ($680,000.00) divided by (ii) the per share purchase price (without regard to brokerage fees and commissions) in the Block Sale, and Xxxxxxx shall retain the full amount of the proceeds of the Block Sale. b. In the event that, for any reason, the Requisite Number of Restricted Shares is not sold in the Block Sale, or the Block Sale does not occur, prior to twenty-eight days after the Effective Date (defined in Section 12(f) below), AHI shall repurchase from Xxxxxxx (a “Repurchase”), in cash by wire transfer of immediately available funds, such number of Restricted Shares as equals (i) Six Hundred Eighty Thousand Dollars ($680,000.00) (minus the proceeds of the Block Sale, if any) divided by (ii) the closing price of one share of AHI common stock (as quoted on Nasdaq) on the date immediately prior to the date of the Repurchase. In the event of a Repurchase in lieu of the Block Sale, culminating in Xxxxxxx receiving Six Hundred Eighty Thousand Dollars ($680,000.00) in stock proceeds, AHI shall be under no further obligation to arrange for the Block Sale. In all events, whether by Block Sale, a Repurchase or any combination of the two, Xxxxxxx shall receive stock proceeds in the amount of Six Hundred Eighty Thousand Dollars ($680,000) no later than twenty-eight (28) days after the Effective Date of this Agreement AND after Xxxxxxx delivers to Alphatec, care of its General Counsel, Xxxx Xxxxxx, stock certificates in negotiable form and all documentation reasonably necessary to effectuate the Block Sale. c. Any and all fees and expenses incurred in connection with the Block Sale or a Repurchase, including brokerage fees and commissions and the cost of counsel to render a legal opinion with respect to the Block Sale, shall be the obligation of and paid by AHI. x. Xxxxxxx shall cooperate with the Block Sale. Without limiting the generality of the foregoing, Xxxxxxx shall deliver to Alphatec, care of its General Counsel, Xxxx Xxxxxx, all of the stock certificates for the Restricted Shares, with stock powers executed in blank. If Xxxxxxx has lost any of his stock certificates for the Restricted Shares, then Alphatec shall reasonably cooperate with Xxxxxxx to assist him in obtaining replacement certificates. Any and all (i) Restricted Sha...
Sample 1Sample 2
Consideration to Xxxxxxx. In consideration of the releases and agreements set forth herein NutraCea agrees to provide Xxxxxxx with the following severance benefits: (a) A consulting arrangement with NutraCea providing, for a consulting fee in the amount of $15,827.73 per month for a term of one year. This Retainer shall commence on November 11, 2008 and continue until November 10, 2009. The terms and conditions of such consulting arrangement shall be as set forth as attached hereto as Exhibit A ("Consulting Agreement"). (b) NutraCea shall issue an advance of $20,000, upon the signing of this agreement as reasonable and actual moving expenses. Xxxxxxx agrees to provide receipts to NutraCea for all such expenses within 30 days of the date the expense is incurred. If the total amount of the receipts do not exceed $20,000, Xxxxxxx agrees to refund the difference between the amount actually incurred and $20,000 within 30 days from the time she submits the expense report. (c) Upon the due execution of this Agreement, NutraCea will pay to Xxxxxxx promptly, for all accrued vacation and personal days not used by Xxxxxxx, a single payment of $20, 273.90, less customary withholding amounts.
Sample 1
Consideration to Xxxxxxx. As consideration to Xxxxxxx for the provisions of ------------------------ this Agreement: (A) CFB will pay to Xxxxxxx a cash separation allowance by continuing Xxxxxxx'x base salary compensation for approximately six (6) months as described in this subparagraph 2.(A). Semi-monthly base salary continuation payment(s) will be made to Xxxxxxx by automatic payroll deposit to a checking or savings account designated by Xxxxxxx on each of CFB's regular pay days (the 15th and last days of the month), beginning February 15, 2002. Each such payment will be in the amount equivalent to Xxxxxxx'x semi-monthly base salary at the rate in effect as of February 1, 2002, less applicable federal and state tax withholdings and less any amounts withheld pursuant to any other provision of this Agreement or authorized by Xxxxxxx to be withheld. The final semi-monthly salary continuation payment will be made on August 15, 2002. (B) CFB will continue any health and dental insurance coverage that Xxxxxxx and/or his dependents had as of February 1, 2002 under CFB's group health and dental plans, as if Xxxxxxx were to remain an active employee of CFB, through August 31, 2002. Xxxxxxx will pay to CFB -- and CFB will withhold from the payment(s) described in subparagraph 2.(A) above -- the portion of the cost of such coverages that CFB requires active employees to contribute to the cost of such coverages. (C) To enable Xxxxxxx to obtain job search services and assistance, CFB will pay to Xxxxxxx the sum of Nine-Thousand Dollars ($9,000.00) in a lump sum less applicable federal and state tax withholdings. This payment will be made to Xxxxxxx within fifteen (15) days after the date this Agreement becomes effective as described in paragraph 4. (D) If approved by the insurance company providing the insurance coverage, CFB will continue any group life insurance coverage Xxxxxxx may have under CFB's group life insurance plan -- but not coverage for any of Xxxxxxx'x dependents -- until August 31, 2002. (E) Xxxxxxx may exercise any stock options that previously vested or previously were exercisable by him, that have not expired, within the ninety (90) calendar day period beginning February 5, 2002. Except as provided in the preceding sentence, Xxxxxxx shall have no right, title or interest in or to and may not exercise any of the options that were scheduled to vest in or first be exercisable by Xxxxxxx on date(s) later than February 5, 2002, and it is understood and agreed that any right, ti...
Sample 1
Consideration to Xxxxxxx. Upon receipt of the certificate representing the Outstanding Warrants, the Company shall issue and deliver to Xxxxxxx $17,000 worth of the Company’s Common Stock based on the closing price of such stock on the NASDAQ stock market on the date of this Agreement. Such shares will be restricted until registered for sale by Xxxxxxx pursuant to a registration statement filed under the Securities Act of 1933. The Company will use its best efforts to file such registration with the Securities and Exchange Commission within one week of the date of this Agreement. Upon the effective date of such registration statement, the Company will notify its transfer agent to promptly register any transfer of such shares without restrictive legend upon receipt of confirmation from Xxxxxxx that the shares were sold under such registration statement.
Sample 1
Consideration to Xxxxxxx. Provided that EXECUTIVE has fully complied and continues to fully comply with the terms of this Agreement, OXiGENE will: (a) pay EXECUTIVE his current Base Salary (as defined in the Employment Agreement) for a period of twelve (12) months from the Effective Date of this Agreement (as defined below), payable in accordance with OXiGENE’s current and normal payroll cycle; (b) pay or reimburse EXECUTIVE’S ( and his covered dependents’) medical, dental and vision insurance premiums (collectively “health insurance premiums”) under COBRA for up to 24 months from the Effective Date. These health insurance premium payments will terminate before the end of the 24-month period, once EXECUTIVE is eligible for health insurance with a new employer; (c) pay EXECUTIVE a one-time $20,000 payment promptly after the Effective Date; and (d) allow EXECUTIVE to keep his company-purchased laptop and BlackBerry (after EXECUTIVE has provided said computer and BlackBerry to OXiGENE, which occurred on October 9, 2009, and OXiGENE has ensured that all OXiGENE business-related information has been deleted from these devices); and (e) fully and promptly reimburse EXECUTIVE for all documented business expenses incurred in connection with his employment, which EXECUTIVE shall submit for reimbursement in accordance with the COMPANY’s standard practices and procedures. With respect to the foregoing reimbursement of expenses referenced in subsection (e) herein, EXECUTIVE shall be entitled to this reimbursement regardless of whether he executes this Agreement. With respect to any other computers, storage devices (electronic or otherwise) or files (not referenced in subsection (d) herein), EXECUTIVE covenants that he will return to OXiGENE (and retain no copies of) all CONFIDENTIAL INFORMATION as defined in the Employee Confidentiality and Inventions Agreement entered into by the EXECUTIVE and the COMPANY on March 7, 2007 (“CIA”), attached hereto as Exhibit A and incorporated herein by reference, including but not limited to all emails that he sent or received in his capacity as a COMPANY officer or director and any attachments thereto; it is understood and agreed that the foregoing obligation to return COMPANY documents does not apply to documents directly and exclusively related to EXECUTIVE’s compensation or benefits. With respect to items (a), (b), and (c) above, all such payments shall not commence or be due (as applicable) until eight (8) business days after the Effective Date of this A...
Sample 1
Consideration to Xxxxxxx 
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs

Related to Consideration to Xxxxxxx

  • Xxxxxx Xxxxxxx Purchase Order and Sales Contact Email 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxx Xxxxxxxx Purchase Order and Sales Contact Email 2 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxxxxx-Xxxxx The Company is, or on the Closing Date will be, in material compliance with the provisions of the Xxxxxxxx-Xxxxx Act of 2002, as amended, and the rules and regulations promulgated thereunder and related or similar rules or regulations promulgated by any governmental or self-regulatory entity or agency, that are applicable to it as of the date hereof.

  • Xxxxxxx Xxxxxx Purchase Order and Sales Contact Email 2 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Sxxxxxxx-Xxxxx The Company is, or on the Closing Date will be, in material compliance with the provisions of the Sxxxxxxx-Xxxxx Act of 2002, as amended, and the rules and regulations promulgated thereunder and related or similar rules or regulations promulgated by any governmental or self-regulatory entity or agency, that are applicable to it as of the date hereof.

  • Xxxxx Xxxxxxxxx Purchase Order and Sales Contact Email 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 6 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxxx Xxxxxxxx Purchase Order and Sales Contact Email 2 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 6 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxxxxx Xxxxxx Purchase Order and Sales Contact Email 2 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxxxx Xxxxxxx Purchase Order and Sales Contact Email 2 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 6 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxxxxxx Xxxxx 19.1 Employees who lose time by reason of being required to attend Court or Coroner's inquest or to appear as witnesses, in cases in which the Corporation is involved, will be paid for time so lost. If no time is lost, they will be paid for actual time held with a minimum of two hours at one and one-half times the hourly rate. Necessary actual expenses while away from home terminal will be allowed when supported by receipts. 19.2 Any fee or mileage accruing shall be assigned to the Corporation.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!