Future Consideration. The teacher, who elects retirement incentive, agrees that in the future he/she will not seek to be rehired by the District in any future continuing certified teaching contract.
Future Consideration. Subject to applicable law, rule or regulation (including the applicable rules and regulations of the SEC and Nasdaq (each as defined below)), Company agrees that, during the Restricted Period, the New Directors will be given the same due consideration for membership on any other committees of the Board as any other independent director, including any new committee(s) and subcommittee(s) that may be established.
Future Consideration. When the consideration of two sides must move for a future date, one calls ‘the future consideration’ or ‘the executory consideration’. One composes of a promises exchange and each promise is a consideration for other. 2.4 To consideration must be ‘something of the value’: The essential room and it is last one of the valid consideration that must be 'something' to which the law annexes a value. The consideration will not of adapted to the promise of the validity of an agreement. 3. The conclusion Consideration is a benefit that must be counted between the parties and is the essential reason of a party that does a contract. The consideration must be of the value and is exchanged for the realization or the promise of the realization for another party (such a realization itself is a consideration). In a contract, a consideration (given thing) is exchanged for another consideration. The laws that are illegal or so immoral that they are against the established public politics they cannot serve of the consideration of compulsory contracts. The contracts can be not executory or rescindables for the failure of the consideration when the wanted consideration is to be worthwhile less than waited, it is damaged or is destroyed, or the realization is not done properly. The laws that are illegal or so immoral that they are against the established public politics they cannot serve of the consideration of compulsory contracts. Without legal consideration it is not significant forvalid contract. The contract considered many essential elements and the legal consideration is the integrant part or the element of a valid contract. Which Legal consideration follows some rule then we call the good consideration. But some exceptions to the rule – No consideration, No contract. In the English law a contract below the stamp is compulsory without consideration. The author can be got at: xxxxxx.xxxx@xxxxxxxxxxxxxxxxx.xxx number of ISBN: 978-81-928510-1-3 Comments: To suggest that his Article using our online form Clicks here the Note* only we accept Original Articles, we will not accept Articles already Published in other sites web. For Contact of additional Details: xxxxxx@xxxxxxxxxxxxxxxxx.xxx What is the signification of the consideration in a contract? English law of AnswerIn, a promise must take care, in exchange, of the promiser's consideration in order that binding agreement becomes a promise not executory otherwise in one legally. The definition of what constitutes the consi...
Future Consideration. In consideration of the Lessee’s construction of a pantry on the Premises, the Lessor shall incorporate a pantry space of approximately the same size into future school planning that will result in Lessor construction or renovation activities. Upon completion of future Lessor construction or renovation activities, the Lessee shall retain the right to renew the Lease to operate a pantry at a newly constructed or renovated Premises on the same terms and conditions as set forth in this Lease.
Future Consideration. (a) The aggregate consideration for the Remaining Transferred Equity Interests to be sold, conveyed, transferred, assigned and delivered to the Buyer at each Remaining Closing shall be an amount equal to the Future Consideration and at each Remaining Closing, the Buyer shall pay to each Seller his/her portion of the Future Consideration (if any) as set forth in Schedule 4.3(b).
Future Consideration. As further additional consideration for the Purchased Shares, the Sellers will also be entitled to receive up to $2,000,000 in contingent payments (the “Earnout Payments”) over the three year period following the Closing (the “Earnout Period”). Earnout Payments shall be due on the achievement of the Revenue and EBITDA targets set forth below over any of the three twelve month periods running from January 1 to December 31 following the Closing (each, an “Earnout Year”), provided that the Parties agree that the calculation of Revenue and EBITDA in the first Earnout Year shall be completed on a pro forma basis, comprised the Company’s historical performance from January 1, 2014 through the Closing Date, combined with the Company’s actual performance from the Closing Date through to December 31, 2014.
Future Consideration. The Purchaser shall also pay to the Shareholders the amounts earned by the Shareholders by meeting the targets set forth below:
Future Consideration. As additional consideration for Zenith's assumption of the Insurance Liabilities hereunder, each of the Insurance Subsidiaries shall transfer (i) to Zenith as additional reinsurance premiums an amount equal to one percent (1%) of the direct gross premiums written by such Insurance Subsidiary on or after the Effective Date with respect to such Insurance Subsidiary's Insurance Contracts and (ii) to the Trustee for deposit in the appropriate Trust Account thirty-three percent (33%) of any direct gross premiums written in excess of the Expected Amount by such Insurance Subsidiary on or after the Effective Date with respect to the Insurance Contracts.
Future Consideration. Following the Closing, the Parent shall pay (i) $18,000,000 on the first anniversary of the Closing (the “One-Year Payment Date”) and (ii) $18,000,000 on the eighteenth (18) month anniversary of the Closing (the “18-Month Payment Date”) (both such payments, the “Future Consideration”). The sum of (i) the Upfront Consideration, plus (ii) the Future Consideration (plus any increased amounts if payable in shares of Parent Common Stock as provided in this Section 2.1(b)) shall constitute the “Merger Consideration.” Subject to Section 1.6 above, the Future Consideration shall be payable in either cash or shares of Parent Common Stock (valued at the Closing Market Price calculated on the date that is two business days prior to the respective payment date) or some combination thereof, with such allocation to be determined by the Parent and with notice of such allocation given to the Stockholder Representative not less than two (2) business days prior to the date each such payment becomes due. The Future Consideration shall not exceed $36,000,000 in the aggregate, subject to this Section 2.1(b) and Section 2.6 below; provided, however, that in the event Parent elects to make one or both payments of Future Consideration in whole or in part by the issuance of shares of Parent Common Stock, the amount payable in shares of Parent Common Stock shall be increased by five percent (5%). For example, if Parent elects to pay $18,000,000 of the Future Consideration by the issuance of shares of Parent Common Stock, the amount payable shall be increased by $900,000 (i.e., $18,000,000 multiplied by 5%). Parent may only elect to pay the [***] Certain information in this agreement has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. Future Consideration by the issuance of shares of Parent Common Stock if at the time of such issuance (i) there is in place an effective re-sale shelf registration statement covering any sale of such Parent Common Stock by the Stockholders and (ii) the Parent Common Stock is at the time listed on the Nasdaq Global Select Market or any comparable market or exchange and not subject to any pending delisting proceedings. Parent shall also use commercially reasonable best efforts to otherwise facilitate the resale of such shares to the extent permissible under SEC rules. Notwithstanding the foregoing, in the event of a Change of Control of Parent d...
Future Consideration. (a) In addition to payment of the Closing Consideration in accordance with the terms of this Agreement, when any Future Consideration becomes payable in accordance with the terms of Exhibit A, Buyer shall make payment within the applicable time period set forth in Exhibit A of such Future Consideration to the Company Stockholders based on their Pro Rata Share.
