Consideration and Benefits. 7.1. In consideration for and subject to full compliance of the Service Provider with the provisions hereof, the Company will pay the Service Provider a fixed monthly payment in the amount of NIS 30,000 (thirty thousand Israeli Shekels), plus lawful VAT, against a duly issued tax invoice (hereinafter: the “Monthly Payment”).
Consideration and Benefits. 2.1. Section 6.1 of the main agreement shall be valid and the following paragraph shall be added: “Insofar as the company shall succeed to raise a sum of $1,000,000 (one million U.S. Dollars) the salary of the Service Provider shall increase so that the company shall pay for receiving the services from the Service Provider payment on a monthly basis of 40,000 NIS (forty thousand NIS), with additional lawful VAT per month against issuing an invoice (the “New Monthly Consideration”). The Service Provider is aware that it is not certain that the company shall succeed to raise this sum, and that insofar as the company shall not succeed to raise such sum, his salary shall remain as stipulated in the main agreement”.
Consideration and Benefits. 5.1. In consideration for providing the services and against fulfilling all of the undertakings of eh Service Provider in accordance with this agreement, the Company shall issue to the Service Provider 3% of the Company’s outstanding share capital as of the date of signing this agreement in other words, 1,831,586 options to purchase 1,831,586 ordinary shares of the Company without any par value, under the terms and in accordance with the current option plan of the Company, attached hereto as appendix A and in accordance with the option agreement that is attached hereto as appendix B.
Consideration and Benefits. In consideration of the terms and conditions set out in the paragraphs that follow, the Company will pay the following consideration and provide benefits as follows:
Consideration and Benefits. In consideration for the Executive’s agreement to be bound by the terms of this Agreement, the Executive shall be entitled to receive from the Company the payments and severance benefits pursuant to Section 7(g), and as applicable the Severance Benefits as defined under Section 7(c), of the Executive’s Employment Agreement dated December 27, 2004 and as amended on January 31, 2005 (the “Employment Agreement”). Executive’s payments and benefits under the Employment Agreement set forth in subparagraphs (i) through (vi) of this Section 1(b).
Consideration and Benefits. 6.1. In consideration for the fulfillment of all of the undertakings of the Service Provider in accordance with this agreement, the Company will pay the Service Provider consideration in the sum of ILS 10,000 (ten thousand new Israeli shekels), before VAT, for each calendar month of work, effective from the commencement of the engagement, as provided in Section 4.1 above, against a tax invoice to be issued by the Service Provider to the Company (the “Monthly Consideration”).
Consideration and Benefits. 2.1. Section 6.1 of the Main Agreement will be omitted and replaced with the text of the following section, as follows: “In consideration for the fulfillment of all of the undertakings of the Service Provider in accordance with this agreement, the Company will pay the Service Provider consideration in the sum of ILS 500 (five hundred new Israeli shekels), before VAT, for each calendar month of work, effective from May 1, 2015, against a tax invoice to be issued by the Service Provider to the Company (the “New Monthly Consideration”).”
Consideration and Benefits. In consideration for the Employee’s obligations hereunder, and subject where applicable to the Company's Executive Compensation Recoupment policy (which shall remain in full force and effect), the Company shall provide the following consideration and benefits:
Consideration and Benefits. (a) Subject to the Employee’s execution and delivery of this Agreement, and not thereafter revoking this Agreement during the applicable revocation period and delivery of a written letter of resignation as a director on the Company’s Board of Directors, the Company will pay or provide to the Employee (together, the “Severance Benefits”): (i) in accordance with the terms set forth in the UGI Corporation Executive Severance Plan, effective October 1, 2021 (the “Severance Plan”), a cash severance payment, the gross amount as set forth on Exhibit A, which is incorporated hereto in a lump sum payment as soon as practicable following the Separation Date and expiration of the revocation period applicable hereto; (ii) a cash payment for the Employee’s 2021 Restricted Stock Units (“2021 RSUs”), such amount equal to 9,150 2021 RSUs multiplied by the closing price of the Company’s common stock on December 29, 2023, which shall be paid no later than 30 business days after the vesting date of the RSUs (January 1, 2024); (iii) a lump sum equivalent of COBRA premiums, less the amount paid by actively employed plan participants for twenty four months of coverage, being a payment in the gross amount as set forth on Exhibit A, subject to required tax withholding deductions; (iv) effective February 28, 2024, and continuing through August 28, 2024, Employee agrees to serve as a consultant to UGI, to aid in the transition of responsibilities as UGI may request. The terms of the consulting arrangement are set forth in the consultant agreement attached hereto as Exhibit B. (v) outplacement services for a period of up to twelve months through a service provider selected by the Employee; and (vi) the financial planning benefit program offered by the Company through Xxxxxxx Xxxxx Ayco through February 2025, including in connection with the preparation of Employee’s 2023 tax returns;
Consideration and Benefits. In consideration for Executive’s obligations hereunder, the Company shall provide Executive the following consideration and benefits:
