Compensation and Other Consideration. Unless subsequently modified by the Company and Executive in writing, the issuance of the Shares constitutes the Executive's compensation.
Compensation and Other Consideration. Unless subsequently modified by the Company and Employee in writing, the issuance of the Shares constitutes the Employee’s compensation.
Compensation and Other Consideration. Section 2.1
Compensation and Other Consideration a. Separation Pay - Xxxxx shall receive a lump sum of $85,000, payable on the date of separation, which consists of the Employee Stock Ownership Trust as described in paragraph 2(d) and Stock Options as described in paragraph 2 (h) , less required withholdings, as separation pay. In addition, Xxxxx shall receive the sum of $511,200.16, less required withholdings, during each of the years of 1998 and 1999 pursuant to his A.C.I. employment agreement. Xxxxx shall have the option of determining when in each year the payment is to be made.
Compensation and Other Consideration. (a) Upon execution of this Agreement, Company shall make a one-time payment of $750,000 in consideration of the additional staffing and other costs Hall will experience at Long Meadow Ranch as a result of the loss of the full-time services of Hall as a consequence of his responsibilities under this Agreement. Hall shall forego the retainer and cash meeting fees payable to members of the Board, but will retain stock option grants to Board members.
Compensation and Other Consideration a. Separation Pay - Malkewitz shall receive a lump sum equal to 52 weeks' base pay, or $199,500, less required withholdings.
Compensation and Other Consideration. Unless subsequently modified by the Company and Executive in writing, the Company agrees to pay Executive gross wages in the amount of $24,000, and the issuance of common stock in the Company valued at $24,000 as of the close of business, 5:00 p.m. Mountain Savings Time on the date of the first anniversary of the Effective Date stated in Section A to this Condition No. 2, plus any other benefits under this Condition No. 2. In consideration of this compensation, Executive agrees to dedicate his full time, effort and talents to performance under the Agreement as set forth in Section 6 of this Condition No. 2. Executive further agrees that the Conditional Non-Compete and Condition Non-Solicit provisions under the Agreement (Section 8 and Section 9, respectively) are in full force and effect.
Compensation and Other Consideration. (a) The Company shall compensate Xxxxxxxx for his services under this Agreement as follows:
Compensation and Other Consideration. Subject to Section 5(a), in consideration of the Services, including the services and duties of Xxxxxxxxx as Interim CEO, during the Retention Term:
Compensation and Other Consideration. In consideration for the services Executive performs during the term of this Agreement, and subject to his compliance with the conditions, obligations, and other provisions contained in this Agreement, Executive shall receive the following:
