Restrictive Covenant Payment. In consideration for the covenants set forth in Section 2 hereof, upon and subject to the occurrence of the Closing, the Company agrees to pay Executive an amount equal to $1,500,000 (the “Restrictive Covenant Payment”), subject to the terms and conditions set forth herein. The Restrictive Covenant Payment will be paid in a cash lump sum, less required tax withholding, at, or immediately prior to, and contingent on, the Closing.
Restrictive Covenant Payment. Subject to Executive’s continued employment through the Termination Date, his continued compliance with the Restrictive Covenants and the execution and effectiveness of the Release, Executive shall, subject to Section 2(f), be entitled to a cash payment in an amount equal to two years of Executive’s base salary as in effect on the Termination Date ($792,520) (the “Covenant Payment”), payable in one lump-sum cash payment, made no later than April 30, 2016
Restrictive Covenant Payment. If the Executive’s employment with the Company is terminated by the Company without Cause or by the Executive with Good Reason, then, subject to the Executive’s continued compliance with Section 4, the Company shall continue to pay the Executive the Base Salary at the rate in effect as of the date of such termination of employment during the Restricted Period (as defined below) in accordance with the Company’s regular payroll practices (collectively, the “Restrictive Covenant Payments”).
Restrictive Covenant Payment. In consideration for your agreeing to the covenant not to compete set forth in Section 6(d) of this Agreement and subject to your continued compliance therewith, on January 2, 2008, the Parent shall pay you a lump sum payment in cash in the amount set forth on Exhibit A (the “Restrictive Covenant Payment”). For the avoidance of doubt, and notwithstanding anything herein to the contrary, the Restrictive Covenant Payment shall not be taken into account in computing any benefits under any plan, program or arrangement of the Parent, the Company or their affiliates.
Restrictive Covenant Payment. In consideration of the restrictive covenants of Leadbeater contained in Sections 9(c) and (d) above, Osage shall pay Leadbeater the lump sum of $159,360 (the "Restrictive Covenant Payment"), which is payable in full on the Closing Date in cash, certified check or wire transfer of immediately available funds.
Restrictive Covenant Payment. As additional consideration for Executive’s agreement to enter into this Agreement, and specifically for Executive’s agreement to extend the duration of his non-competition and non-solicitation obligations as described in Section 5 below, the Company shall pay the Executive the amount of $270,375 (the “Restrictive Covenant Payment”), payable in cash within 10 days following the Effective Date (as defined in Section 8G hereof).
Restrictive Covenant Payment. In consideration of Executive’s restrictive covenants set forth in Section 6 hereof and his services arising from or relating to Grupo Televisa, Executive shall be entitled to a payment of $4,700,000 on or one day following the Effective Date. The Company has engaged KPMG to provide a valuation of Executive’s restrictive covenants under Section 6, and Executive agrees that such valuation shall be used to determine the portion (but not exceeding 100%) of the lump sum payment under this paragraph allocable to such restrictive covenants. The balance of the lump sum payment under this paragraph shall be allocated to the services arising from or relating to Grupo Televisa. If requested, Executive shall execute and deliver an amendment to this Agreement setting forth the allocation of the lump sum payment under this paragraph.
Restrictive Covenant Payment. Advanced Energy Industries, Inc. shall pay Executive Seventy Five Thousand Dollars And No Cents ($75,000) as consideration for Executive’s execution of the Restrictive Covenant Agreement contemporaneously with his execution of the Agreement and this Addendum.
Restrictive Covenant Payment. In consideration for and Executive complying with the covenants set forth in Section 2 hereof, upon and subject to the occurrence of the Closing, the Corporation agrees to pay Executive an amount equal to $1,579,923 (the “Restrictive Covenant Payment”), subject to the terms and conditions set forth herein. The Restrictive Covenant Payment will be paid in three installments of $526,641 each, less required tax withholding. The first payment shall be made within sixty (60) days following the Effective Date, subject to the Executive’s executing and not revoking the general release of claims described herein; provided, however, that in no event shall Executive have discretion to designate, directly or indirectly, the calendar year of payment. The second payment shall be made on the first anniversary of the Effective Date, and the third payment shall be made on the second anniversary of the Effective Date. Notwithstanding any provision of this Agreement to the contrary, Executive shall forfeit his rights to receive the payments and benefits set forth in this Section 3(a) unless he executes a general release of claims in favor of the Bank and the Corporation in a form to be provided by the Bank and the Corporation, and such release becomes effective and irrevocable in accordance with its terms, on or before the date that is sixty (60) days after Executive’s termination of employment.
Restrictive Covenant Payment. In consideration of the restrictive covenants of Xxxxx contained in Sections 9(c) and (d) above, Osage shall pay Xxxxx the lump sum of $153,360 (the "Restrictive Covenant Payment"), which is payable in full on the Closing Date in cash, certified check or wire transfer of immediately available funds.
