Payments and Other Considerations. The parties agree that certain portions of the consideration described in Section 5 of the Employment Agreement between Employee and the Company dated August 9, 2007 (“Employment Agreement”) would not be paid to Employee but for his execution of this General Release of Claims Agreement. EMPLOYEE UNDERSTANDS THAT THIS GENERAL RELEASE OF CLAIMS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.
Payments and Other Considerations a. In consideration of the Release being given by Employee hereunder, Rackspace agrees to pay to Employee the sum of $151,667 as severance and $10,739.96 for unused earned time off (ETO). These payments will be made within thirty days after the date hereof.
b. As further consideration for this Agreement, Rackspace agrees that Employee will have the right to retain 93,750 Vested Options issued pursuant to the Rackspace, Inc. Stock Option Agreement, with a Date of Grant of October 1, 2007, and Employee will have the right to exercise these 93,750 Vested Options in accordance with said stock option agreement until April 30, 2009, and Employee’s right to exercise said 93,750 Vested Options shall not terminate as a result of him not being a Service Provider until April 30, 2009. All other non-vested options under the October 1, 2007 Rackspace Inc. Stock Option Agreement shall terminate as of the date hereof. The October 1, 2007 Rackspace Inc. Stock Option Agreement is hereby amended to incorporate the foregoing agreement.
c. Employee acknowledges and agrees that the payments to be made hereunder shall be accepted by Employee as, and shall be considered as, payments for the releases granted hereby, and in lieu of notice for unemployment compensation purposes. In addition, Rackspace will pay Employee all reasonable unreimbursed expenses in accordance with company policy.
d. Rackspace will allow Employee to keep his cell phone, and his cell phone number, for use on Employee’s personal cell phone plan. Rackspace will facilitate this by agreeing to port the number to Employee’s cell phone provider.
e. Rackspace shall not be obligated to make any further or additional payment to Employee in any amount or for any purpose whatsoever.
Payments and Other Considerations. 6.1 MERCK shall pay to VICAL the following amounts within thirty (30) days of the achievement of the following:
a) Execution of this Agreement, in consideration for past research by VICAL regarding the TECHNOLOGY ( )
b) A specified percentage of the non-refundable milestone payments provided for in Schedule C will be paid for LICENSED PRODUCTS hereunder as follows: For each of the first two LICENSED PRODUCTS to reach a milestone ( ) For the third LICENSED PRODUCT to reach a milestone ( ) For the fourth LICENSED PRODUCT to reach a milestone ( ) It is understood that no additional milestones will be paid for any additional LICENSED PRODUCTS.
Payments and Other Considerations. The parties agree that certain portions of the consideration described in Sections 5(b) or (c) of the Employment Agreement between Executive and the Company dated October 21, 2015 (“Employment Agreement”) would not be paid to Executive but for his execution of this General Release of Claims Agreement.
Payments and Other Considerations. The parties agree that the consideration described in Section 4.2.A of the Transformation Agreement between Employee and the Company dated August 9, 2007 (“Transformation Agreement”)with respect to stock options granted prior to 2006 (the “Consideration”) would not be paid to Employee but for his execution of this General Release of Claims Agreement. EMPLOYEE UNDERSTANDS THAT THIS GENERAL RELEASE OF CLAIMS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.
Payments and Other Considerations. If You sign and do not revoke this Separation, Release and Waiver Agreement and Covenant Not to Xxx (hereinafter referred to as the "Agreement"), USSC will:
(1) provide you within 14 days of your signing this Agreement the amount of $325,000 (Three Hundred and Twenty-Five Thousand Dollars) (less all required statutory deductions including, but not limited to, withholding for federal income tax at the minimum rate of 27%, Illinois state tax, deductions under the Federal Insurance Contributions Act (FICA), and any other withholding deductions);
(2) assign to You United's collateral interest in Insurance Policy No. 1077991, issued by Security Life of Denver Insurance Company (the "Life Insurance Policy") less all required statutory deductions with respect to such an assignment and any and all premiums made on your behalf by United regarding the Life Insurance Policy, including without limitation those described in (1) above, to be withheld from the money provided to You in (1) above. You and United agree that the monies and other considerations set forth above constitute extra consideration in exchange for You executing this Agreement. United and You also agree that the monies and other considerations set forth above exceed any potentially disputed compensation or benefits which You may claim are owed to You by United and that said monies and other consideration paid hereunder constitute full payment of any such disputed wages, compensation, final compensation and/or other benefits. You also acknowledge that you have been paid for all hours worked, have not suffered any on-the-job injuries for which You have not already filed a claim and have received all such pay and vacation pay owed.
Payments and Other Considerations a. In consideration of the Release being given by employee hereunder, district agrees to pay to employee a one time stipend in the amount of $20,000. This stipend will be paid before January 31, 2011. Employee may choose to have this payment in a lump sum in September 2010, or split into two payments (September 2010 and January 2011). If employee also meets all requirements contained in Article 30 of the current licensed collective bargaining agreement, employee shall also be eligible for those benefits. All other terms and conditions of the contract pertaining to early retirement remain the same.
b. In further consideration, district agrees that if employee is currently enrolled, the contractual health care coverage shall continue through September 30, 2010.
c. District will additionally provide life insurance coverage through September 30, 2010, provided employee was on paid status at the end of the school year (June 18, 2010).
d. Except for an employee that is eligible for an Early Retirement Incentive under Article 30 of the collective bargaining agreement, District shall not be obligated to make any further or additional payment to the employee in any amount or for any purpose whatsoever beyond what is specifically stated in this Agreement. Employee specifically waives any claim to unemployment compensation. Employee also waives any right to recall under the terms of the collective bargaining agreement.
Payments and Other Considerations. In consideration of the payments and benefits listed below, and other good and valuable consideration (the “Consideration”), the sufficiency of which I acknowledge, I make the following agreements and RELEASE AND FOREVER DISCHARGE the persons and organizations specified in Paragraph 4 below. I acknowledge that the Consideration is in addition to anything of value to which I am already entitled. This release and these agreements are made for myself, and on behalf of my heirs, executors, legal representatives, administrators, successors, and assigns. As used in this Agreement, the term “Consideration” shall include the following:
(a) Cash payment to me of the sum of TWO MILLION FOUR HUNDRED FIFTY-THREE THOUSAND TWO HUNDRED FIFTY-TWO AND NO/100 DOLLARS ($2,453,252.00) in separation pay (hereinafter, the “Separation Pay”). I understand and agree that Tesoro Corporation will deduct from this Separation Pay withholdings for federal income taxes, social security taxes, any other deductions required by law, and any other deductions agreed to by me in writing. The Separation Pay shall be paid as follows (assuming Employee has timely executed and not revoked the Agreement): SEVENTY-FIVE THOUSAND FIVE HUNDRED FORTY-TWO AND NO/100 DOLLARS ($75,542.00) shall be paid each calendar month during the six (6) month period beginning April 1, 2010, and TWO MILLION AND NO/100 DOLLARS ($2,000,000.00) shall be paid in a lump sum on October 1, 2010. I acknowledge and agree that these payments are not otherwise required by Tesoro Corporation’s policies, procedures, and practices and that I would not be entitled to the Separation Pay but for the promises made by me in this Agreement. These payments shall be made via direct deposit to the account information I provide to Tesoro Corporation.
(b) My spouse, my eligible dependents and I shall continue to participate in, and receive group health coverage under, Tesoro Corporation’s group health plans that provide group health coverage to retirees of Tesoro Corporation from time to time, but only to the extent such plans continue to be available to the Tesoro Corporation’s retirees and only until the earliest to occur of (i) two and one-half (21/2) years after the date of termination, (ii) my death (or in the case of coverage for my qualified beneficiary, the death of that qualified beneficiary), or (iii) the date on which I become (or in the case of coverage for my qualified beneficiary, my qualified beneficiary becomes) eligible for co...
Payments and Other Considerations. (a) In exchange for the fully executed releases and covenant not to xxx set forth in paragraphs 2, 3, and 4 WELLPOINT agrees that it will pay to (NAME) the sum of $ , minus all applicable taxes and other withholdings, which designates (NAME) as payee and which is allocated for lost wages.
(b) WELLPOINT will pay [Plaintiff to provide] the sum of $ for attorneys’ fees and costs which amount will be combined with the attorneys’ fees and costs of all other PLAINTIFFS in a single lump sum payment.
(c) WELLPOINT will remit payment as described in subparagraphs (a) and (b) to PLAINTIFFS’ counsel within fourteen (14) days of WellPoint receiving the fully executed Individual Release Agreements for each of the Collective Plaintiffs. WellPoint shall tender to Plaintiffs’ counsel individual settlement checks for each of the named Plaintiffs and all other individuals who filed consents in the Xxxxxxx Case (“Collective Plaintiffs”) that signed an Individual Release Agreement.
(d) All checks will be tendered to Xxxxxx Xxxxxxxx & Skilling PC who will deliver the check as described in subparagraph (a) above to PLAINTIFF.
Payments and Other Considerations. A. Option Payment.
(1) On May 1, 2003, Customer shall pay SES Americom a non-refundable (except as otherwise set forth in this Agreement) option payment of Fifty Million Dollars ($50,000,000) (the “Option Payment”) by Customer check. ***
(2) The parties agree that SES Americom shall be deemed to have fully earned the Option Payment as of the In-Service Date, following which neither the Option Payment nor any portion of the Option Payment shall be returnable or creditable to Customer, and Customer hereby waives and relinquishes any right whatsoever to pursue any such refund or credit, except: ***
B. Monthly Recurring Service Charge. Commencing on the In-Service Date, and for the duration of the Service Term (including any Extended Terms) Customer will pay to SES Americom for the Service a monthly recurring service charge (the “MRC”) of, ***
