Non Competition Fee. In consideration of the non-competition agreement described in this Section 7, the Company hereby agrees to forgive the portion of the indebtedness (as reduced by the amount thereof allocated to the termination of Executive's Employment Agreement as described in Section 2) owed to the Company by Executive as described in Section 3.
Non Competition Fee. As compensation for the Non-Compensation Period, Consultant shall receive a fee of U.S. $7,000,000 (Seven Million dollars) per annum (the “Non-Competition Fee) for each year of the Non-Competition Period (i.e., for five years). The Non-Competition Fee shall be payable starting the Effective Date. The Non-Competition Fee shall be paid to the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for the avoidance of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sums.
Non Competition Fee. Consultant shall be paid a non-compete fee in the amount of $1 million by MedPartners on the Effective Date as compensation for the agreement to, and performance of, the restrictions set forth in Section 5 of this Agreement.
Non Competition Fee. As compensation for restriction of his activities hereunder, the Company shall pay to the Shareholder a fee of Eight Thousand Three Hundred Thirty-Three and No/100 Dollars ($8,333.00) per month for a period of twenty-four (24) months after the date herein.
Non Competition Fee. For his agreement not to compete with Southern Community, Southern Community shall pay Consultant a fee of $91,250.00 per annum for the Term of this Agreement. Such fee shall be payable in accordance with Southern Community's normally scheduled pay periods. Consultant shall be solely responsible for all expenses, taxes and fees applicable to such payment.
Non Competition Fee. In consideration of the Seller's non-competition and other agreements set forth in this Agreement, the Company agrees to pay to the Seller a fee of $2,000,000 at the Closing under the Stock Purchase Agreement.
Non Competition Fee
