Noncompete Payments. The Company shall pay to Executive $1.2 million at Closing for the covenants set forth in Section 9.
Noncompete Payments. As consideration for the Shareholders' covenants not to compete set forth in Section 7.1 of this Agreement, Buyer shall pay at the Closing an aggregate of $100,000 to the Shareholders (collectively, the "Noncompete Payment").
Noncompete Payments. At the Closing on the Closing Date, United and Shareholder will each enter into a noncompetition agreement with Buyer in the form of Exhibit A attached hereto (the "Noncompetition Agreements"), pursuant to which United will receive a total of One Thousand Dollars ($1,000.00) and Shareholder will receive a total of One Thousand Dollars ($1,000.00).
Noncompete Payments. From and after the Closing, the Buyer or the Surviving Corporation will fund the Noncompete Payments to the individuals listed on Schedule 1.1(n), in equal monthly installments over the two (2) year, three (3) year or five (5) year period, as applicable, following the cessation of each such individual’s employment with the Company for any reason or for no reason (regardless of whether such termination was voluntary, with or without cause or due to death or disability), subject to such individual’s execution and delivery of a noncompetition agreement in the form reasonably satisfactory to the Buyer.
Noncompete Payments. At the Closing on the Closing Date, Seller, J. Xxxxx Xxxxxx and Xxxx X. Xxxxxx will enter into a noncompetition agreement with Buyer in the form of Exhibit A attached hereto, pursuant to which Buyer will pay a total of Thirty Thousand Dollars ($30,000) in additional consideration for their performance of such noncompetition agreement.
Noncompete Payments. At the Closing on the Closing Date, each ------------------- SELLER and each Shareholder (other than Xxxxxxx X. Xxxxxx) will enter into a noncompetition agreement with BUYER in the form of Exhibit A attached hereto (the "Noncompetition Agreements"), pursuant to which SELLERS and the Shareholders will receive a total of $465,000 (allocated pursuant to Section 3.5) in consideration for the Noncompetition Agreements. SELLERS and the Shareholders each hereby agree that such $465,000 is included in the Purchase Price and will be paid as set forth in the Noncompetition Agreements.
Noncompete Payments. At the Closing on the Closing Date, SELLER, ------------------- each of the Shareholders, Xxxxxx Xxxxxxxx and Xxxxx Xxxxxxxx will enter into a noncompetition agreement with BUYER in the form of Exhibit A attached hereto --------- (the "Noncompetition Agreements"), pursuant to which SELLER, the Shareholders, Xxxxxx Xxxxxxxx and Xxxxx Xxxxxxxx will receive a total of $96,000 in consideration for such noncompetition agreements. SELLER, the Shareholders, Xxxxxx Xxxxxxxx and Xxxxx Xxxxxxxx each hereby agree that such $96,000 is included in the Purchase Price and will be paid as set forth in such Noncompetition Agreements.
Noncompete Payments. 4 2.5 POST-CLOSING ADJUSTMENT AND ESCROW OF CERTAIN WEI SHARES..............4
Noncompete Payments. In full consideration for Denmark entering into the Noncompetition Agreement, Weststar shall deliver to Denmark at Closing (i) immediately available funds in an amount equal to $50,000.00, and (ii) the Note (such cash payment and the payments under the Note shall be referred to herein collectively as the "Noncompete Payments"). The Note shall be secured by a security interest in all of the assets of the Company (such security interest being junior to any and all security interests on the Company's assets existing on the Closing Date).
Noncompete Payments. 4 2.5 POST-CLOSING ADJUSTMENT AND ESCROW OF CERTAIN WESTSTAR SHARES....... 4
