Consideration for Executive Sample Clauses

Consideration for Executive. Executive acknowledges and agrees that ▇▇▇▇▇▇▇▇ Creek has paid Executive all amounts, and has provided Executive with all benefits, to which Executive is entitled through and including the date that Executive executes this Agreement, and that Executive is not entitled to any further payments or benefits, other than as set forth below. ▇▇▇▇▇▇▇▇ Creek will provide Executive with the following additional specified items as consideration in exchange for this Agreement, including Executive's waiver and release of ▇▇▇▇▇▇▇▇ Creek: (a) Upon Executive's execution of this Agreement and upon expiration of the time period for revocation set forth in paragraph 11(e) below, ▇▇▇▇▇▇▇▇ Creek will provide Executive with: [set forth applicable consideration, if any, provided for in the Amended and Restated Employment Agreement, depending on the nature of Executive's termination (e.g., retirement, without cause, change of control, etc.)] (b) Notwithstanding any other provision in this Agreement, if (i) on the date of termination of Executive's employment with ▇▇▇▇▇▇▇▇ Creek, any of ▇▇▇▇▇▇▇▇ Creek's stock is publicly traded on an established securities market or otherwise (within the meaning of U.S. Internal Revenue Code section 409A(a)(2)(B)(i)), and (ii) as a result of such termination, Executive would receive any payment under this Agreement that, absent the application of this provision, would be subject to additional tax imposed pursuant to section 409A(a) of the Code as a result of the application of section 409A(a)(2)(B)(i) of the Code, then such payment shall be payable on the date that is the earliest of (i) six (6) months after Executive's termination date, (ii) Executive's death or (iii) such other date as will not result in such payment being subject to Code section 409A sanctions. (c) It is the intention of the parties that payments or benefits payable under this Agreement not be subject to the additional tax imposed pursuant to section 409A of the Code. To the extent such potential payments or benefits could become subject to such section, ▇▇▇▇▇▇▇▇ Creek shall cooperate to amend the Agreement with the goal of giving the Executive the applicable economic benefits in a manner that does not result in such sanctions being imposed. ▇▇▇▇▇▇▇▇ Creek does not guarantee or warrant that such cooperation will result in such sanctions not being imposed. (d) Except as otherwise permitted under Code section 409A, ▇▇▇▇▇▇▇▇ Creek shall not accelerate or defer any payment under th...
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Consideration for Executive. The Executive is being offered continued employment with the U.S. Subsidiary, as well as valuable consideration supporting such continued employment as set forth in the Executive's Amended and Restated Employment Agreement, and the Executive acknowledges that the sum of $1.00 along with such continued employment and consideration supporting such continued employment is good and adequate consideration in exchange for this Agreement.
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Related to Consideration for Executive

  • SALARY DETERMINATION FOR EMPLOYEES IN ADULT EDUCATION PCA Article B.3 does not apply in School District No. 34 (Abbotsford).

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Application for Employment Employee understands and agrees that, as a condition of this Agreement, Employee shall not be entitled to any employment with the Company, and Employee hereby waives any right, or alleged right, of employment or re-employment with the Company. Employee further agrees not to apply for employment with the Company and not otherwise pursue an independent contractor or vendor relationship with the Company.

  • Reason for exemption Circle the letter that identifies the reason for the exemption. A Federal government (department) B State or local government (name) C Tribal government (name) D Foreign diplomat # E Charitable organization # F Religious or educational organization # G Resale # H Agricultural production # I Industrial production/manufacturing # J Direct pay permit # K Direct mail # L Other (explain)