Separate Consideration Clause Samples
The Separate Consideration clause defines that a specific benefit or payment is provided in exchange for a particular obligation or agreement, distinct from any other compensation or terms in the contract. In practice, this might involve a party receiving an additional fee for agreeing to a non-compete, confidentiality, or release of claims, separate from their regular salary or contractual payments. The core function of this clause is to ensure that the obligation is legally enforceable by clearly demonstrating that the party received something of value specifically for that commitment, thereby addressing concerns about the adequacy of consideration and supporting the validity of the agreement.
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Separate Consideration. In addition to the base salary and commissions described in this Section 3, ▇▇▇▇▇ shall receive the sum of $5,000.00 upon execution of this Agreement, as separate consideration for the covenants set forth in Section 6 hereof.
Separate Consideration. The procedure for and allowance or disallowance by the Court of Plaintiff’s application for attorneys’ fees and litigation expenses and for the Service Award are a separate part of the Settlement set forth in this Settlement Agreement, but are separate from the Court’s consideration of the fairness, reasonableness and adequacy of the Settlement set forth in this Settlement Agreement. Any order or proceeding relating to any application for attorneys’ fees, litigation expenses in an amount less than the amount requested by Plaintiff’s Counsel or request for the Service Award, or any appeal from any order relating thereto or reversal or modification, thereof, shall not operate to terminate or cancel the Settlement Agreement, or affect or delay the finality of the Final Order approving the Settlement Agreement and the Settlement set forth herein. If at the time of any disbursement from the Settlement Fund Account there shall be a pending application for attorneys’ fees or expenses or the Service Award, there shall be reserved in the Settlement Fund Account an amount equal to the amount of the pending application, until such time as the Court shall rule upon such application and, with respect to the Service Award, such ruling shall become Final.
Separate Consideration. Ruiz hereby acknowledges that in exchange for the Release he has rec▇▇▇▇d separate consideration beyond that to which he is otherwise entitled under Novadigm's policy or applicable law.
Separate Consideration. Employee hereby represents, warrants and agrees with Company that Twenty-Five Thousand Dollars and 00/100 ($25,000.00) of the Severance Payment constitutes good and valuable consideration, the receipt and sufficiency of which are hereby expressly acknowledged, for the covenants and agreements contained in Section 5.2 hereof.
Separate Consideration. Seller acknowledges and agrees that separate and independent consideration has been paid for any and all of the restrictive covenants contained in this Agreement.
Separate Consideration. The Parties acknowledge and agree that the fees and expenses payable under this Agreement are separate and distinct from the License Consideration payable under the License Agreement. The fees under this Agreement constitute compensation for Services provided by M42 and do not constitute additional consideration for the license and other rights granted under the License Agreement.
Separate Consideration. Executive further agrees and acknowledges that one-third of the additional compensation and benefit rights provided by the Company pursuant to paragraph 3 of the Separation Agreement include separate and adequate consideration, to which Executive is not otherwise entitled, in exchange for Executive's waiver of rights, if any, to assert or allege discrimination on the basis of age pursuant to the Age Discrimination in Employment Act, as amended, and/or KRS Chapter 344, as amended or other local laws and/or ordinances.