Common use of Release Consideration Clause in Contracts

Release Consideration. In consideration for my execution of this Release, the Company agrees to make payments to me and/or make benefits available to me pursuant to the Company’s Consulting and Noncompetition Agreement (the “Consulting Agreement”), at the time and in the form set forth in the Consulting Agreement. I acknowledge that in the absence of my execution of this Release, I would not be entitled to certain of the benefits described in this paragraph 2. I acknowledge further that such benefits are adequate and satisfactory consideration to me for entering into this Release.

Appears in 4 contracts

Samples: Tarp Restriction Agreement (National Penn Bancshares Inc), Tarp Restriction Agreement (National Penn Bancshares Inc), Tarp Restriction Agreement (National Penn Bancshares Inc)

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Release Consideration. In consideration for my execution of this Release, the Company agrees to make payments to me and/or make benefits available to me pursuant to the Company’s Consulting and Noncompetition Agreement (the “Consulting Agreement”), at the time times and in the form forms set forth in the Consulting Agreement. I acknowledge that in the absence of my execution of this Release, I would not be entitled to certain of the benefits described in this paragraph 2. I acknowledge further that such benefits are adequate and satisfactory consideration to me for entering into this Release.

Appears in 3 contracts

Samples: Tarp Restriction Agreement (National Penn Bancshares Inc), Tarp Restriction Agreement (National Penn Bancshares Inc), Tarp Restriction Agreement (National Penn Bancshares Inc)

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