Further Consideration. The Company acknowledges and agrees to provide the Executive with the following benefits notwithstanding anything herein to the contrary. Upon the Executive’s termination of employment from the Company and its subsidiaries for any reason, including, without limitation, due to or following any non-renewal of this Agreement, Resignation, or termination by the Company with or without Cause, the Executive and each person who is his covered dependent at such time under each applicable plan sponsored by the Company, shall remain eligible to continue to participate in all of such plans (as they may be modified from time to time with respect to all senior executive officers), or such other plans subsequently made available to senior executive officers of the Company or any successor Company (the “Post-Employment Plans”) until the end of the plan year in which the Executive reaches, or would have reached, age seventy-five (75) (such benefits, the “Post-Employment Benefits”). The Executive is currently eligible to participate in the following plans: Executive Physical Exams, Medical Expense Reimbursement Plan (MERP), Medical Insurance, Dental Insurance, Group Life Insurance (up to $1 million coverage on Executive’s life), Vision Service Plan. Coverage under such Post-Employment Plans shall be subject to the Executive and/or such dependents, as applicable, continuing to pay the applicable employee portion of any premiums, co-payments, deductibles and similar costs. Solely with respect to the Executive’s dependents, such coverage shall terminate upon such earlier date if and when they become ineligible for any such benefits under the terms of such plans and provided, that once the Executive or his dependents become eligible for Medicare or any other government-sponsored medical insurance plan, or if the Executive is eligible to participate in any other company’s medical insurance plan as an employee after the termination of his employment, the Executive or his dependents shall utilize such government plan or other company plan, and the Company’s insurance obligations as part of the Post-Employment Benefits hereunder shall become secondary to such government plan or other company plan. Notwithstanding the foregoing, the Company may meet any of its foregoing obligations under the Post-Employment Plans by paying for, or providing for the payment of, such benefits directly or through alternative plans or individual policies which are no less favorable in all material resp...
Further Consideration. The head of service and unions covered by this Agreement, agree to examine options to deal with the work-related consequences for employees who are victims of sexual assault in instances that occur outside the confines of a domestic relationship. Consultation with subject matter experts and interested stakeholders will be undertaken with a view to developing an ACTPS-wide Policy that may provide for additional entitlements for ACTPS employees in such circumstances. The Chief Minister and Treasury Directorate will commence this work in consultation with ACTPS workplace unions not later than six months from the commencement of this Agreement.
Further Consideration. The Parties further agree that the following amounts will be assumed by the Company as at July 31, 1999 : - The amounts required to retain the services of Mr. Xxxxx X. Xxxxxxxx as a consultant until September 30, 1999 on the same financial terms and conditions as presently in effect; and - The amounts required to contine Mr. Xxxxx X. Xxxxxxxx's existing benefits until December 31, 1999. --------------------------------------------------------------------------------
Further Consideration. In further consideration for the Services and rights granted to the Company under the Agreement and in consideration for entering into this Amendment No. 1, Company shall pay to Advisor One Hundred Dollars ($100) within thirty (30) days after the Amendment No. 1 Execution Date.
Further Consideration. In further consideration of Royalty Owner conveying the Working Interest in the Royalty Lands to Royalty Payor, Royalty Payor hereby agrees to pay to Royalty Owner the amount of $270,000.00. In consideration of this payment by Royalty Payor, Royalty Owner hereby agrees to reimburse Royalty Payor for all outstanding amounts payable by Royalty Owner to Royalty Payor up to the Effective Date. The total amounts payable under this provision shall not exceed $270,000.00 regardless whether such costs occurred before or after the Effective Date. Upon settlement of these outstanding amounts, Royalty Payor shall relieve Royalty Owner of any future obligations to reimburse Royalty Payor for any outstanding costs and expenses associated with the Royalty Lands from and after the Effective Date. In addition, Royalty Payor shall assume all of Royalty Owner’s liabilities and future costs related to the reclamation of the well site and any access roads associated with the well Oiltec et al Cogmagun #1 located at or near coordinates 45.082285 degrees North and 64.043977 degrees West. It is further understood and agreed to by the parties that Royalty Payor will take over the surface lease for the above referenced well and shall assume responsibility for the annual surface rental payments from and after the Effective Date.
Further Consideration. As an inducement for this Rescission, Settlement Agreement and Mutual Release, MMBF hereby covenants and agrees that it will indemnify and defend the MMBF parties and their shareholders against any and all suits, claims, costs, legal fees, fines or expenses whatsoever, upon written demand by any of the HGR parties or any of their shareholders, for any event or cause or claim arising from the HGR parties agreement or business with MMBF, whatsoever, except any action in which HGR parties engaged in business outside of MMBF from the date of the Agreement to the date hereof.
Further Consideration. As further consideration to the Executive for the release granted by him under Section 5, the Company unconditionally and irrevocably agrees (subject only to the Executive not revoking this Agreement during the seven-day revocation period described in Section 16.3 and executing a reaffirmation of the release in the form stated on Exhibit C) to provide the following benefits to the Executive, at no cost to the Executive:
Further Consideration. As further consideration for the Shares purchased from Xxxxxxx Xxxxx Xxxxxx, the Purchaser hereby undertakes to issue to Xxxxxxx Xxxxx Xxxxxx the EOLN at the time and in respect of the amount set out in CLAUSE 4 of the Earn Out Agreement.
Further Consideration. (i) In consideration of the foregoing Buyer agrees to pay to Seller by wire transfer interest in an amount equal to the rate of 6% per annum on the difference between $17,000,000.00 and the Xxxxxxx Money (i.e. $17,000,000.00 less $250,000.00 or $16,750,000.00) until Closing. The payment of interest shall be made as follows:
a. On or before May 14, 2012, the sum of $85,356.00, representing the interest due for the entire month of May;
b. If closing does not occur on or before June 1, 2012, on or before June 1, 2012, the sum of $19,273.97, representing the interest due for June 1-7, 2012;
c. If closing does not occur before June 8, 2012, on or before June 8, 2012, the sum of $19,273.97, representing the interest due for June 8-14, 2012;
d. If closing does not occur before June 15, 2012, on or before June 15, 2012, the sum of $19,273.97, representing the interest due for June 15-21, 2012; and
e. If closing does not occur before June 22, 2012, on or before June 22, 2012, the sum of $19,273.97, representing the interest due for June 22-29, 2012. Said interest as set forth in subparagraph ii above is non-refundable and will not be credited against Purchase Price at closing. All interest shall be wired as follows: First Financial Bank P. O. Box 5291 San Angelo, Texas 76902 ABA 000000000 further credit to: XXXXX,XXXX,XXXXXX,XXXX & PRICE TRUST ACCOUNT ACCOUNT NO.: 63000105260
Further Consideration. As further consideration to Eigsxx xxx the release granted under Section 5 of this Agreement, the Company, at no cost to Eigsxx, xxll do the following:
