Consideration of the Company. In consideration for the releases and covenants by the Executive in this Agreement, the Company will provide the Executive with the following: [insert consideration as set forth in the Employment Agreement]
Consideration of the Company. In consideration for the releases and covenants by the Employee in this Agreement, the Company will provide the Employee with the following: [insert consideration as set forth in the Severance Agreement]
Consideration of the Company. Termination of the Executive’s employment shall be conclusively deemed to have been a termination of the Executive’s employment by the Executive for Good Reason under Section 5.5 of the Employment Agreement. Accordingly, pursuant to Section 6.2 of the Employment Agreement and in consideration of the releases and covenants of the Executive set forth in this Agreement and in the Employment Agreement, the Company will provide the Executive with the following:
Consideration of the Company. Provided that Executive fully complies with his representations and obligations herein and does not revoke any part of this Agreement, the Company will provide Executive with the following severance benefits (the “Severance Benefits”):
Consideration of the Company. As its consideration under this Agreement, in full settlement of the Dispute, and in exchange for the other Parties’ consideration as set forth herein, the Company agrees to the following:
Consideration of the Company. In consideration for the releases and covenants by Employee in this Agreement, provided that (a) Employee signs and delivers this Agreement to the Company and does not revoke this Agreement in accordance with Section 14 below, (b) Employee performs the Transition Services, (c) Employee returns the Company Property to the Company in accordance with Section 1 above, and (d) Employee signs and delivers the Second General Release attached hereto as Exhibit A on the Separation Date, then the Company will: (i) continue to pay Employee’s final monthly base salary for a period of nine (9) months, less required taxes and withholdings; (ii) if Employee was enrolled in the Company’s group health, dental and vision insurance coverage as of the Separation Date and Employee timely elects to continue such coverage under COBRA, the Company shall pay the “employer portion” of the premiums for such continuation coverage for nine (9) months following the Separation Date, but in no event beyond the date that Employee qualifies for health insurance coverage through a new employer, provided that Employee timely pays the “employee portion” of the premiums for such continuation coverage; (iii) at the Company’s expense, provide Employee with six (6) months of outplacement assistance, using a third party chosen by the Company, in connection with Employee’s employment search; (iv) pay the remaining balance for Employee to complete Employee’s ongoing executive coaching program; and (v) extend Employee’s period to exercise Employee’s vested Option as described in Section 3 below. Employee expressly acknowledges and agrees that (A) none of the payments set forth in this Section 2 shall qualify under the Company’s 401(k) Plan, (B) except as expressly set forth in Section 1 above and this Section 2, Employee shall not be entitled to receive, and hereby waives and releases any and all claims with respect to, any other salary, severance, bonuses, benefits of employment, amounts, payments or other compensation whatsoever from the Company (including, but not limited to, any claims under or with respect to the Company’s 401(k) Plan) or its subsidiaries or affiliates.
