Common use of Transaction Award Clause in Contracts

Transaction Award. In consideration of Executive’s efforts in negotiating the Merger Agreement and completing all deliverables required leading up to the Effective Date, on the Effective Date, the Company shall make a lump sum cash payment to Executive equal to $3,500,000.

Appears in 2 contracts

Samples: Employment Agreement (Independent Bank Group, Inc.), Employment Agreement (Independent Bank Group, Inc.)

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Transaction Award. In consideration of Executive’s efforts in negotiating the Merger Agreement and completing all deliverables required leading up to the Effective Date, on the Effective Date, the Company shall make a lump sum cash payment to Executive equal to $3,500,0002,000,000.

Appears in 2 contracts

Samples: Employment Agreement (Independent Bank Group, Inc.), Employment Agreement (Independent Bank Group, Inc.)

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