Consideration for Agreement Clause Samples
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Consideration for Agreement. You understand that the Group is engaged in a continuous program of research, development, production and marketing in connection with its business and that it is critical for the Group to preserve and protect its “Proprietary Information” (as defined in Section 2 below), its rights in “Inventions” (as defined in Section 4 below) and in all related intellectual property rights. You acknowledge that, as a result of your employment with the Company and/or its predecessors, you have and/or may receive confidential information, trade secrets, and/or specialized training from the Group, each of which constitutes good and valuable consideration in support of your obligations made under this Confidentiality, Invention Assignment, Non-Solicit, Non-Compete and Arbitration Agreement (this “Agreement”). As additional consideration, you may also have the opportunity to develop valuable business relationships with employees, agents, suppliers, and customers of the Group and to use the Group’s resources and goodwill in the marketplace to develop those relationships. Finally, by your signature below, you acknowledge that both the consideration outlined in your offer of employment from the Company and/or the letter to which this Agreement is attached and your continued employment with the Company (subject to Section 9), which the Company would not allow but for your execution of this Agreement, constitute additional consideration in support of your return promise to maintain the confidentiality of all specialized knowledge and confidential information as well as your promise to adhere to the other restrictions listed in this Agreement, including but not limited to those restrictions described in Section 7 of this Agreement.
Consideration for Agreement. The Employee acknowledges and agrees that the execution of this Agreement is a condition precedent to his or her employment and/or continued employment with the Company.
Consideration for Agreement. In connection with my duties and responsibilities at CVS Health Corporation or one of its subsidiaries or affiliates, including Aetna Inc. (collectively, the “Corporation”), the Corporation will provide me with Confidential Information and/or access to the Corporation’s customers and clients and the opportunity to develop and maintain relationships and goodwill with them. In consideration of the foregoing and the mutual promises in this Agreement and other good and valuable consideration, I hereby agree with CVS to comply with the terms of this Agreement.
Consideration for Agreement. In connection with my duties and responsibilities at CVS Caremark Corporation or one of its subsidiaries or affiliates (collectively, the “Corporation”), the Corporation will provide me with Confidential Information and/or access to the Corporation’s customers and clients and the opportunity to develop and maintain relationships and goodwill with them. In addition, the Corporation has awarded me restricted stock units contingent on the execution of this Agreement and compliance with its terms.
Consideration for Agreement. You also understand that the Separation Benefits which you will receive in exchange for signing and not later revoking this General Release Agreement are in addition to anything of value to which you already are entitled.
Consideration for Agreement. In partial consideration for this Agreement and the transactions contemplated hereby, ePHONE shall pay to Array at the Closing in cash the amount of $2,650,000.
Consideration for Agreement. EMPLOYEE agrees that gainful employment, or continued gainful employment, with EMPLOYER constitutes valid and binding consideration for this Agreement.
Consideration for Agreement. A portion of the proceeds of the Merger will be set aside in an escrow account to reimburse Adaptec for damages it may suffer as a result of any breach of the representations, warranties and covenants of the Company made in connection with the Merger. In consideration for this Agreement, the Company and Adaptec have agreed to waive the requirement that a portion of your Bonus be subject to such escrow. Company Stock Awards. The total proceeds of the Merger will be insufficient to result in any consideration payable to the holders of the Company's common stock. As a result, the stock option awards ("Stock Plan Awards") previously granted to you and currently outstanding (both vested and unvested) under the Aristos Logic Corporation Consolidated and Restated 2000 Incentive Stock Option, Nonqualified Stock Option and Restricted Stock Purchase Plan, as amended (the "Stock Plan") will not have a positive value in the Merger and will not be entitled to any payment or consideration from the proceeds of the Merger. As a result, the Company has determined to terminate all Stock Plan Awards and to terminate the Stock Plan upon consummation of the Merger. You agree that this Agreement shall serve as adequate notice of such termination under any notice provisions of the Stock Plan or any award agreement under the Stock Plan and you hereby expressly waive any further notice requirements in connection with Stock Plan Awards. You further acknowledge that no value shall be paid for your Stock Plan Awards and that such Stock Plan Awards will be terminated in the Merger. Severance. Unless you are identified as a transition employee, (identified to be terminated), you will not receive any severance payments in connection with the Merger, and you hereby waive any and all right or entitlement to severance benefits you might otherwise have with Aristos Logic, notwithstanding any provision to the contrary contained in any agreement, in the event your employment or service should terminate with the Company or Adaptec following the Merger.
Consideration for Agreement. The parties agree that the Consideration described in Paragraph 5 of this Agreement is in full consideration of Employee’s release of claims and agreement to the restrictive covenants in this Agreement. The parties agree that this Consideration is not required by any policy of Employer or any preexisting obligation of Employer to Employee, nor is it compensation for services performed or to be performed by Employee.
Consideration for Agreement. I acknowledge that in connection with my duties and responsibilities at CVS Caremark Corporation or one of its subsidiaries or affiliates, including but not limited to CVS (collectively, the “Corporation”), the Corporation has provided me with certain Confidential Information and/or access to the Corporation’s customers and clients and the opportunity to develop and maintain relationships and goodwill with them. In consideration of my promises in this Agreement, CVS promises to continue to provide me with certain Confidential Information and/or the opportunity to develop and maintain relationships with the Corporation’s customers and clients. In addition, as a condition of, and in consideration of the Restricted Stock Units (“RSUs”) the Corporation granted me on April 2, 2012, I hereby agree with CVS to comply with the terms of this Agreement.