Consideration. The parties acknowledge that this Agreement and General Release is being executed in accordance with Section 9 of the Employment Agreement.
Consideration. This Agreement is in consideration of the mutual covenants contained in it. You and the Company acknowledge the receipt and sufficiency of the consideration to this Agreement and intend this Agreement to be legally binding.
Consideration. The grant of the Restricted Share Units is made in consideration of the services to be rendered by the Participant to the Company.
Consideration. In consideration of Employee’s acceptance of the terms of this Agreement, Employer will provide Employee with consideration, to which Employee would not otherwise be entitled, described in this Section 3.
Consideration. The Executive acknowledges and agrees that the consideration set forth in this Agreement and the rights and benefits hereunder are all and singularly valuable consideration, which is sufficient for any or all of the Executive’s covenants set forth herein.
Consideration. On May 26, 2021, you were issued # 4,497 shares of Restricted Stock Units (the “RSUs”), subject to quarterly vesting over the period of one year and subject to being released on January 3, 2023 and # 4,661 shares of RSUs, subject to vesting on—and being released on—January 1, 2023, both grants of which were conditional on you remaining in service to the Company. Because you are resigning from the Board, and your service is terminating, none of the RSUs would otherwise vest. However, if you sign this Agreement and do not revoke it, your RSUs will continue to vest and be released despite your resignation from the Board. All other terms and conditions that would be in place, but for your resignation, will continue to govern the RSUs, including the terms of the Company’s 2020 Equity Incentive Plan. As separate and additional consideration for your execution of this Agreement, the Board shall grant you additional restricted stock units (“Additional RSUs”) representing the right to receive a number of shares of common stock equal to the quotient obtained by dividing $100,000 by the closing price of the common stock of the Company on the trading day immediately prior to the grant date, which Additional RSUs will vest in full—and be released—at the next annual meeting of stockholders of the Company. This grant will take place as soon as administratively feasible after the date this Agreement is fully executed. Other than the quarterly cash payment of $16,000 for Board service due to you on June 30, 2021, you understand and agree that except as otherwise provided herein, you will not receive any future payments or equity from the Company and you are not presently entitled to any such payments or equity.
Consideration. The Associate acknowledges and agrees that valid consideration has been given to the Associate by Benefitfocus in return for the promises of the Associate set forth herein, including the promise of additional compensation to which the Associate was not entitled prior to the execution of this Agreement.
Consideration. In exchange for the sale and transfer by the Sellers of the Purchased Assets to the Buyer, the Buyer agrees, subject to the terms of this Agreement, to pay to the Sellers One Hundred and Twenty Thousand Dollars ($120,000) (the “Purchase Price”). The Purchase Price shall be allocated as follows:
Consideration. Each of the parties agrees and confirms by signing below that they have received valid consideration in connection with this Agreement and the transactions contemplated herein.
Consideration. Subject to Applicable Laws, the consideration to be paid for the Shares to be issued upon exercise or purchase of an Award, including the method of payment, shall be determined by the Administrator. In addition to any other types of consideration the Administrator may determine, the Administrator is authorized to accept as consideration for Shares issued under the Plan the following, provided that the portion of the consideration equal to the par value of the Shares must be paid in cash or other legal consideration permitted by the Delaware General Corporation Law:
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.