Other Consideration Sample Clauses
Other Consideration. As additional consideration, Purchaser shall also assume the Assumed Liabilities at the time of Closing.
Other Consideration. In the case of a sale or other disposal of Licensee’s Licensed Product for value other than in an arm’s-length transaction exclusively for money, such as barter or counter-trade, the amount of such sale shall be calculated using the fair market value of such Licensed Product (if higher than the stated sales price) in the country of disposition.
Other Consideration. In any other form of legal consideration that may be acceptable to the Committee.
Other Consideration. The Corporation acknowledges that all compensation set forth herein shall be in addition to any and all consideration issued to the Executive in the form of shares of capital stock of the Corporation in accordance with the Exchange Agreement.
Other Consideration. The Company shall pay the monthly management fees of Chatham Enterprises, LLC, relating to the aircraft which Executive has an ownership interest, consistent with terms of the existing management agreement, and any amendments, replacements or modifications thereto which change the management fee and which may be approved by the Company.
Other Consideration. Hayden shall receive additional consideration as follows:
i. Midland shall continue to pay its share of the premiums (or $235,269 per year) under the Split Dollar Life Insurance on the lives of Hayden and his spouse until the death of the survivor, provided, however, (x) Midland shall only be obligated to pay such premiums for a period of ten (10) years, (y) Midland may, at any time after the sixteenth (16th) anniversary date of the policy, request a return of all premiums Midland paid into the policy and (z) Midland may also take advantage of any premium reduction or minimum payment options under such policy provided Midland pays the equivalent of the sum of $235,269 for ten (10) years with such sum reduced by any special dividends, demutualization distributions or other policy distributions;
ii. The Midland Health Insurance Plan shall be available at normal employee rates during the Term and after the Term. Hayden's coverage shall be secondary to Medicare after he reaches age 65, and Hayden's spouse shall be covered until she reaches age 65 at which time her coverage shall be secondary to Medicare;
iii. During the Term, a car shall be provided by Midland consistent with the program in effect at the commencement of this Agreement;
iv. Use of the Midland plane shall be available secondary to Midland's business use during the Term;
v. During the Term, Midland shall continue to pay club dues for the clubs Hayden was a member (and Midland was paying such dues for such clubs) at the commencement date of this Agreement;
vi. No director fees shall be paid during the Term;
vii. Any existing stock options or stock grants of Hayden may be exercised at the earlier of the normal expiration date during the Term or for a period of three (3) years after the later of (x) the Expiration Date of this Agreement or (y) the date of retirement of Hayden as a member of the Board of Directors. Any future awards while a director during (or after the Term) will be equal to the stock awards of an outside director;
viii. Midland shall provide Hayden with an office in headquarters building during the Term;
ix. During the Term, Midland shall provide payment for Hayden's estate planning and annual tax preparation consistent with the current level of fees that were being paid at the commencement date of this Agreement; and
x. On April 1, 2001, Midland shall provide for the payment in a single lump sum of the actuarial equivalent of Hayden's benefit from The Midland Company Supplemental ...
Other Consideration. The Investor shall have delivered in executed form, all necessary documentation to vest title in the Other Consideration in the Company.
Other Consideration. In further consideration of the sale by DE, and the purchase by THI, of the Assets, subject to the condition precedent set forth in this Agreement, at the Closing, THI shall issue to DE warrants to purchase 250,000 shares of THI common stock at an exercise price of $2.50 per share ("Warrants") and shall reserve such number of shares of its common stock for issuance upon exercise thereof. The Warrants shall be in the form and contain the terms and conditions attached hereto as Exhibit 3.
Other Consideration. The Company shall use its best effort to cause the Board of Directors of the Company (i) to be comprised of a least three members and (ii) to include Employee, provided that Employee is a beneficial owner as of the record date for the election of directors of a minimum of five percent (5%) of the shares of the Company.
Other Consideration. 11.1 Natural resource issuer - Where a natural resource issuer proposes to acquire from a person a resource property or an option on a resource property, the value of which is not supported by a valuation opinion, the following principles apply:
(a) In an arm's length transaction, the issuer may pay the person cash consideration.
(b) In an arm's length transaction, the issuer may agree to pay the person additional consideration at such time as the resource property commences commercial production. Such additional consideration may, depending on the circumstances, consist of cash consideration, reasonable payments from net profits, securities, or any combination of these.
(c) In a non-arm's length transaction, the issuer may pay the person cash consideration up to the amount of the out of pocket costs incurred by the person in respect of the resource property, determined in accordance with section 5.3.
(d) In a non-arms length transaction, the issuer may agree to pay the person additional consideration at such time as the resource property commences commercial production, where the person has carried out extensive exploration with results that indicate that the resource property appears to have substantial merit. The extent of the person's effort, skill and risk in developing the resource property will be taken into account by the Superintendent in determining whether additional consideration is justified. Such additional consideration may, depending on the circumstances, consist of cash consideration, reasonable payments from net profits, securities, or any combination of these. A 15% net profits interest would normally be considered reasonable.