Common use of Consideration for Restrictions and Covenants Clause in Contracts

Consideration for Restrictions and Covenants. The parties hereto acknowledge and agree that the principal consideration for the agreement to make the payments provided in this Agreement by the Company to Executive and the grant to the Executive options to purchase common stock of the Company ("Common Stock") is the Executive's compliance with the undertakings set forth in this Section 9. Specifically, the Executive agrees to comply with the provisions of this Section 9 irrespective of whether the Executive is entitled to receive any such payments.

Appears in 11 contracts

Samples: Employment Agreement (Universal Compression Inc), Employment Agreement (Universal Compression Holdings Inc), Employment Agreement (Universal Compression Holdings Inc)

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