NONCOMPETITION PAYMENT. In consideration of Stockholder's obligations described herein, concurrent with the Effective Time (as defined in the Reorganization Agreement) of the Merger, the Company shall pay to Stockholder the amount of $1,150,000.
Appears in 2 contracts
Samples: Merger Agreement (Interactive Group Inc), Noncompetition Agreement (Dataworks Corp)
NONCOMPETITION PAYMENT. In consideration of Stockholder's obligations described herein, concurrent with the Effective Time (as defined in the Reorganization Agreement) of the Merger, the Company shall pay to Stockholder the amount of $1,150,000525,000.
Appears in 2 contracts
Samples: Merger Agreement (Interactive Group Inc), Noncompetition Agreement (Dataworks Corp)
NONCOMPETITION PAYMENT. In consideration of Stockholder's obligations described herein, concurrent with the Effective Time (as defined in the Reorganization Agreement) of the Merger, the Company shall pay to Stockholder the amount of $1,150,000225,000.
Appears in 1 contract
