Consideration for Termination. (a) In consideration for the termination of the Severance Agreement, SHI and the Executive agree that in the event of the termination of the Executive’s employment without Cause by SHI or by the Executive for Good Reason on or after the Agreement Date and prior to the second anniversary of the Effective Time, the Executive shall be entitled to the payments and benefits set forth in Schedule I hereto. For purposes of clarity, a termination by reason of disability does not constitute a termination by SHI of the Executive’s employment without Cause.
Consideration for Termination. As material consideration for the covenants, agreements and undertakings of the Parties under this Release Agreement, promptly following the full execution of this Release Agreement, Cortex shall grant to the Institute 1,000,000 un-registered restricted shares of Cortex’s common stock (the “Stock”), subject to the terms and conditions of such grant set forth herein (the “Stock Grant”).
Consideration for Termination. In consideration of the termination of the Stock Transfer and Registration Rights Agreement, Century hereby (i) pays Xxxxxxxxxxx $75,000.00 by certified or bank cashier's check and (ii) issues to Xxxxxxxxxxx the Note. Mutual Release of Claims. In consideration of the foregoing, Century and Xxxxxxxxxxx, for themselves and their respective representatives, heirs, agents, affiliates, and assigns, hereby release each other from any and all claims, liabilities, losses or damages relating to or arising out of the Stock Transfer and Registration Rights Agreement.
Consideration for Termination. As consideration and an inducement for Lessor's agreement to accept an early surrender of the premises and for any early termination of the Lease, Lessee shall pay to Lessor the following sums, on or before the dates set forth below: On or before February 25, 2004,Lessee shall pay to Lessor the sum of Four Hundred Four Thousand Dollars ($404,000.00) (herein the "Final Payment"); and On or before the date specified in paragraph 3(i), below, Lessee shall pay to Lessor the "Lessor's Work Amount", as defined below.
Consideration for Termination. As consideration for termination of the Employment Agreement, Golden, on behalf of the Company, shall issue or cause to be issued to Executive 2,000,000 shares of Golden's no par value common stock (the "Shares"). In order to induce Golden to issue the Shares, the Executive hereby represents and warrants to Golden and the Company that:
Consideration for Termination. As consideration for Landlord agreeing to enter into this Amendment and reduce Tenant's financial obligations under the Lease, Tenant has agreed to pay a fee equal to Seven Hundred and Seven Thousand Fifty-five Dollars and Seventy cents ($707,055.70), which shall be paid to Landlord within ten (10) business days of August 1, 2015.
Consideration for Termination. In consideration of the termination of the Investment Management Agreement, the Trust, simultaneously with the execution hereof, has paid to the Investment Manager an amount equal to Six Million Eight Hundred Thousand dollars and No cents ($6,800,000.00) plus interest thereon at the rate of 10% per annum from January 1, 1997, until paid. The Investment Manager hereby represents and warrants to the Trust that such payment, taken together with all prior payments made to the Investment Manager by the Trust, constitutes full and complete consideration for the termination of the Investment Management Agreement and expected payment for all past and future services rendered or to be rendered to the Trust by the Investment Manager or any of its affiliates.
Consideration for Termination. For, and in consideration of, the termination of BTD's rights as described in Section 2 and for the return to Techniclone of all distribution rights with respect to the Product(s), the Patent and Antibodies (as such terms are defined in the Distribution Agreement), as described in the BTD/Techniclone Agreements, Techniclone shall:
Consideration for Termination. At the Closing Developer shall receive from Licensor the following consideration for the entry into this Termination Agreement:
Consideration for Termination. In consideration of the termination of the Stock Transfer and Registration Rights Agreement, Century hereby (i) pays Findlay $390,000.00 by certified or bank cashier's check and (ii) issues to Findlay the Note.
