Supplemental Consideration. In consideration of the Employee’s execution following the Separation Date, without revocation, of the supplemental release agreement attached hereto as Exhibit A (the “Supplemental Release Agreement”) before the expiration of the consideration period set forth therein, and his compliance with his obligations both hereunder and thereunder, the Company shall, subject to approval by the Committee and contingent upon the approval of the Plan by the Company’s stockholders, grant Employee an additional 125,000 restricted shares of Common Stock, pursuant to the terms and conditions of the Plan and the Company’s standard Restricted Stock Award Agreement (the “Tranche B Awarded Shares”), which award agreement shall include, among other things, the vesting and forfeiture provisions that shall apply to the Tranche B Awarded Shares.
Supplemental Consideration. Contingent on Consultant’s execution and non-revocation of this Supplemental Release, the Company agrees that Consultant may retain Consultant’s laptop and mobile device (together the “Transferred Devices”) provided that all contents on such devices constituting proprietary and Confidential Information (as defined in the Confidentiality Agreement) remains subject to the Confidentiality Agreement. Consultant agrees that the Company retains the right to review and remove any Confidential Information from the Transferred Devices at any time after the Separation Date, and Consultant agrees to use best efforts to permit the Company to ensure the return of any Company information residing on the Transferred Devices in a manner satisfactory to the Company and that he will not delete that information without the Company’s permission. In addition, Consultant will cooperate with the Company to remove from the Transferred Devices any Company-licensed software the Company deems necessary to remove to comply with its licensing obligations.
Supplemental Consideration. Subject to this Agreement becoming effective and your compliance with this Agreement, the Supplemental Release becoming effective and your compliance with the Continuing Obligations and the terms and conditions set forth in the Executive Severance Plan, the Company shall provide you with the following (collectively, the “Supplemental Consideration”):
Supplemental Consideration. In consideration of Employee’s execution following the Separation Date, without revocation, of the supplemental release agreement attached hereto as Exhibit A (the “Supplemental Release Agreement”) before the expiration of the consideration period set forth therein, and his compliance with his obligations both hereunder and thereunder, the Company shall: (i) pay Employee severance pay in an amount equal to Employee’s annual base salary for six (6) months (the “Severance Period”), payable in equal installments in accordance with the normal payroll policies of the Company, with the first installment being paid on the Company’s first regular pay date following the date upon which the Supplemental Release Agreement becomes effective; and (ii) for the Severance Period, all health insurance plan benefits to which Employee was entitled prior to the Separation Date under any such benefit plans or arrangements maintained by the Company in which Employee participated, shall be provided to the same extent of coverage, pursuant to COBRA, to be paid directly by the Company. The Company shall deduct or withhold any applicable taxes and other withholdings from the foregoing consideration as required by applicable law or regulation.
Supplemental Consideration. Consultant acknowledges that without this Supplemental Release becoming effective (along with other conditions specified in paragraph 2(b) of the Agreement), Consultant is otherwise not entitled to the Supplemental Consideration described in paragraph 2(b) of the Agreement.
Supplemental Consideration a. In accordance with the Principal Agreement, within thirty (30) calendar days following the termination of the Principal Agreement, Xxx may execute and provide to NTN Buzztime this Supplemental Agreement by mailing it or otherwise delivering it to: Xxxxxxx Xxxxx, NTN Buzztime, Inc., 0000 Xx Xxxxx Xxxxx, Xxxxx 000, Xxxxxxxx, XX 00000.
Supplemental Consideration. On December 31, 1995, the Ceding Company will pay the Reinsurer a Supplemental Consideration equal to the sum of (a) the Net Statutory Reserve, as described in Schedule B, Paragraph 6, calculated as of December 31, 1995 with respect to the policies assumed as of December 31, 1995 and described in Schedule A, Paragraph 2, plus (b) the Retained Dividend Liability determined in accordance with Article VI, Paragraph 3, calculated as of December 31, 1995 with respect to the policies assumed as of December 31, 1995 and described in Schedule A, Paragraph 2.
Supplemental Consideration. The Purchaser shall pay to the Vendor on Completion the sum of US$200,000 by way of Supplemental Consideration.
Supplemental Consideration. In consideration of the Executive’s execution on the date of the expiration of the Consultancy Period or within five (5) business days thereafter, without revocation, of the supplemental release agreement attached hereto as Exhibit B (the “Supplemental Release Agreement”), and his compliance with his obligations both hereunder and thereunder, Pioneer shall provide Executive with additional payments, in an amount equal to his base salary for six (6) months, less taxes and other withholdings, to be paid in accordance with Pioneer’s standard payroll practices commencing on the first payroll date occurring after the cessation of the Severance Payments.
Supplemental Consideration. Following the Effective Date, if the average VSTR Market Capitalization for any 15 consecutive trading days equals or exceeds $11,500,000, then VSTR shall issue, as a component part of the reorganization, additional VSTR Common Stock to NCS. The number of shares to be issued shall be determined by dividing the then outstanding principal and accrued but unpaid interest on NCS’ outstanding convertible promissory notes by the average closing price of the VSTR Common Stock for such 15-day period.
