Consideration Contract Clauses (4,101)

Grouped Into 42 Collections of Similar Clauses From Business Contracts

This page contains Consideration clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Consideration. In consideration of the promises and releases made herein, if the Employee timely signs, returns and does not revoke this Agreement, and any period of revocation expires, all occurring within thirty (30) days after the Separation Date, the parties agree that the Employer shall pay the Employee Eight Hundred Thousand Dollars ($800,000), less applicable withholdings under federal, state and local laws ("Severance"), payable in a single lump sum within thirty (30) days after the Effective Date of... this Agreement. The Severance will be provided to the Employee by direct deposit into the Employee's bank account on file with the Employer. View More Arrow
Found in First Foundation Inc. contract
Consideration. In consideration of the promises and releases made herein, if the Employee timely signs, returns and does not revoke this Agreement, and any period of revocation expires, all occurring within thirty (30) days after the Separation Date, the parties agree that the Employer shall (a) pay the Employee Eight Four Hundred Twenty Thousand Dollars ($800,000), ($420,000), less applicable withholdings under federal, state and local laws ("Severance"), payable in a single lump sum within thirty (30) days... after the Effective Date of this Agreement. Agreement, and (b) upon the Employee's timely election to continue her healthcare benefits pursuant to COBRA, and consistent with the terms of COBRA, the Employer will pay the COBRA premiums to continue the Employee's existing medical insurance coverage for the period ending on the earlier of the expiration of the six (6) month period following the Separation Date or the date the Employee becomes covered by another group health plan or otherwise becomes ineligible for COBRA. The Severance will be provided to the Employee by direct deposit into the Employee's bank account on file with the Employer. View More Arrow
Found in First Foundation Inc. contract
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Consideration. In consideration of this Agreement and the release herein, and his compliance with his obligations hereunder, the Company will provide Employee with the following: (i) continue to pay Employee his base salary through the Separation Date, less applicable taxes and other withholdings, payable in equal installments in accordance with the normal payroll policies of the Company. (ii) continued participation through the Separation Date in the Company's current employee benefit plans in which he has... elected to participate and in accordance with the terms and conditions of such benefit plans; and 1 of 6 Pages (iii) subject to approval by the Compensation Committee of the Company's Board of Directors (the "Committee") and contingent upon the approval of the Company's 2023 Long-Term Incentive Plan (the "Plan") by the Company's stockholders, the Company shall grant Employee 200,000 restricted shares of the Company's common stock, par value $0.001 per share ("Common Stock"), pursuant to the terms and conditions of the Plan and the Company's standard Restricted Stock Award Agreement (the "Tranche A Awarded Shares"), which award agreement shall include, among other things, the vesting and forfeiture provisions that shall apply to the Tranche A Awarded Shares. (iv) Upon the successful filing of both the BioSig Annual 10-K report with the SEC on or before April 14, 2023, the Company will payout a cash bonus of $ 200,000 as severance pay over six months (on the Company's pay cycle) beginning at the Separation Date. View More Arrow
Found in BioSig Technologies, Inc. contract
Consideration. In consideration of this Agreement and the release herein, and his compliance with his obligations hereunder, the Company will provide Employee with the following: (i) continue to pay Employee his base salary through the Separation Date, less applicable taxes and other withholdings, payable in equal installments in accordance with the normal payroll policies of the Company. Company; (ii) continued participation through the Separation Date in the Company's current employee benefit plans in which... he has elected to participate and in accordance with the terms and conditions of such benefit plans; and 1 of 6 Pages (iii) subject to approval by the Compensation Committee of the Company's Board of Directors (the "Committee") and contingent upon the approval of the Company's 2023 Long-Term Incentive Plan (the "Plan") by the Company's stockholders, the Company shall grant Employee 200,000 125,000 restricted shares of the Company's common stock, par value $0.001 per share ("Common Stock"), pursuant to the terms and conditions of the Plan and the Company's standard Restricted Stock Award Agreement (the "Tranche A Awarded Shares"), which award agreement shall include, among other things, the vesting and forfeiture provisions that shall apply to the Tranche A Awarded Shares. (iv) Upon the successful filing of both the BioSig Annual 10-K report with the SEC on or before April 14, 2023, the Company will payout a cash bonus of $ 200,000 as severance pay over six months (on the Company's pay cycle) beginning at the Separation Date. View More Arrow
Found in BioSig Technologies, Inc. contract
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