Valuable Consideration. The Company shall provide Executive with the retention benefit set forth in Paragraph 1(a) (the “Separation Benefits”). Executive acknowledges and agrees that the Separation Benefits constitute adequate legal consideration for the promises and representations made by Executive in this Agreement. Executive’s receipt of the Separation Benefits is contingent upon Executive complying with the following conditions: (i) this Agreement must become effective, as set forth in Paragraph 5 below and (ii) Executive must continue to abide by the surviving provisions of the Proprietary Rights Agreement described in Paragraph 4(f) below, except for any provisions of the Proprietary Rights Agreement which conflict with this Agreement (the “Conflicting Provisions”), in which case this Agreement will govern. For clarification, Section 13 (“Covenant Not to Compete or Solicit”) of the Proprietary Rights Agreement is a Conflicting Provision, and Paragraph 14 of this Agreement shall therefore govern.
Valuable Consideration. Owner is entering into this Agreement in consideration for, and as an inducement to his execution of the Purchase Agreement and the consummation of the transactions contemplated thereby and the commitment of the Parent Company to perform its obligations undertaken therein, which Owner acknowledges is adequate, valid and legal consideration for his execution of this Agreement.
Valuable Consideration. 2.1. Workiva agrees to pay Mr. Ryan a separation payment in an amount equal to $1,154,932 (one million, one hundred fifty four thousand, nine hundred and thirty-two dollars). This amount will be paid in a lump sum within ten (10) days after the Effective Date, as defined below, and will be less all required withholding (“Separation Payment”).
Valuable Consideration. In exchange for entering into this Agreement, the Company agrees to provide the Executive with the payments and benefits set forth in Section 10(c)(ii) of the Hudson Highland Group CEO Employment Agreement, dated March 7, 2011 (the “Employment Agreement”), between the Executive and the Company (such payments and benefits, the “Consideration”). The Executive agrees that the Consideration is over and above anything he is owed by law, contract or under the policies or practices of the Company, and it is being given to the Executive expressly in exchange for entering into this Agreement. The Executive will not be entitled to receive any of the Consideration until the Effective Date (as defined in Section 5 below).