MONETARY AND OTHER CONSIDERATION Clause Samples

The 'Monetary and Other Consideration' clause defines the types and amounts of value exchanged between the parties under the agreement. It typically outlines the payment terms, such as the amount, timing, and method of payment, as well as any non-monetary benefits or obligations, like services, goods, or intellectual property rights provided in exchange. This clause ensures both parties clearly understand what is being given and received, thereby reducing the risk of disputes over compensation or performance.
MONETARY AND OTHER CONSIDERATION. In consideration for the releases and the other covenants in this Agreement, the Executive agrees and reaffirms that the only monetary and other consideration to which [he] [she] is entitled due to the termination of employment is that provided to the Executive pursuant to the CIC Severance Agreement, as set forth on Attachment A attached to this Agreement.
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MONETARY AND OTHER CONSIDERATION. In consideration for the releases and the other covenants in this Agreement, the Officer agrees and reaffirms that the only monetary and other consideration to which [he] [she] is entitled due to the termination of employment is that provided to the Officer pursuant to the Separation Agreement, as set forth on Attachment A attached to this Agreement.
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MONETARY AND OTHER CONSIDERATION. In consideration for the releases and the other covenants in this Agreement, Executive agrees and reaffirms that the only monetary and other consideration to which he is entitled due to the termination of employment is that provided to Executive pursuant to this Agreement. (A) The parties hereto agree that ninety-five percent of the total amount of severance benefits received by Executive pursuant to this Agreement shall be consideration for the General Release and Discharge by Executive (see Section 5), and five percent of the total amount shall be consideration for the Release of Age Discrimination Claims by Executive (see Section 6).
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MONETARY AND OTHER CONSIDERATION. (a) In return for the execution of this Agreement and Release, the Company agrees to: pay the Employee (i) a total of $278,650 in 24 equal semi monthly payments of $11,610.42; and (ii) 11,626.90 for accrued and unused vacation. Employee understands that the foregoing amounts are not being paid to him as an employee and will be paid without withholding. The Company shall furnish a Form 1099 for payments made pursuant to Section 2(a)(i). The amount of accrued and unused vacation will be paid to the Employee in a lump-sum on May 1, 2000. (b) In addition to the monetary consideration described above, the Company agrees to: (i) pay all medical, prescription, dental, and life insurance premiums for Employee coverage currently in effect through April 8, 2000;
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MONETARY AND OTHER CONSIDERATION. In consideration for the releases and the other covenants in this Agreement, Officer agrees and reaffirms that the only monetary and other consideration to which he or she is entitled due to the termination of employment is that provided to Officer pursuant to the aforementioned Officer Severance Agreement. The parties hereto agree that ninety-five percent of the General Severance Benefits received by Officer pursuant to the aforementioned Officer Severance Agreement shall be consideration for the General Release and Discharge by Officer (see Section 4), and five percent of the total amount shall be consideration for the Release of Age Discrimination Claims by Employee (see Section 5).
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Related to MONETARY AND OTHER CONSIDERATION

  • Adjustments and Other Rights The Exercise Price and the number of Shares issuable upon exercise of this Warrant shall be subject to adjustment from time to time as follows; provided, that if more than one subsection of this Section 13 is applicable to a single event, the subsection shall be applied that produces the largest adjustment and no single event shall cause an adjustment under more than one subsection of this Section 13 so as to result in duplication:

  • Dilution and Other Adjustments The existence of this Option shall not impair the right of the Partnership or Alliance Holding or their respective partners to, among other things, conduct, make or effect any change in the Partnership’s or Alliance Holding’s business, any issuance of debt obligations or other securities by the Partnership or Alliance Holding, any grant of options with respect to an interest in the Partnership or Alliance Holding or any adjustment, recapitalization or other change in the partnership interests of the Partnership or Alliance Holding (including, without limitation, any distribution, subdivision, or combination of limited partnership interests), or any incorporation of the Partnership or Alliance Holding. In the event of such a change in the partnership interests of the Partnership or Alliance Holding, the Board shall make such adjustments to this Option, including the purchase price specified in Section 1, as it deems appropriate and equitable. In the event of incorporation of the Partnership or Alliance Holding, the Board shall make such arrangements as it deems appropriate and equitable with respect to this Option for the Participant to purchase stock in the resulting corporation in place of the Units subject to this Option. Any such adjustment or arrangement may provide for the elimination of any fractional Unit or shares of stock which might otherwise become subject to this Option. Any decision by the Board under this Section shall be final and binding upon the Participant.

  • Rent and Other Payments This paragraph contains detailed commercial terms. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • Attorneys’ Fees and Other Costs If any Party brings an action or proceeding to enforce the terms hereof or declare rights hereunder, the Prevailing Party (as hereafter defined) in any such proceeding shall be entitled to reasonable attorneys' fees. The term "Prevailing Party" shall include, without limitation, a Party who substantially obtains or defeats the relief sought. Landlord shall be entitled to attorneys' fees, costs and expenses incurred in preparation and service of notices of Default and consultations in connection therewith, whether or not a legal action is subsequently commenced in connection with such Default or resulting breach. Tenant shall reimburse Landlord on demand for all reasonable legal, engineering and other professional services expenses incurred by Landlord in connection with all requests by Tenant for consent or approval hereunder.

  • Taxes and Other Obligations Pay all of its taxes, assessments and other obligations, including, but not limited to taxes, costs or other expenses arising out of this transaction, as the same become due and payable, except to the extent the same are being contested in good faith by appropriate proceedings in a diligent manner.