Special Consideration

Special Consideration. Special Consideration means the Company's engagement of Executive by the Company as a Consultant pursuant to the terms of the Consulting Agreement attached hereto as Exhibit A, including without limitation the payment by the Company of consulting fees to the Executive thereunder, which Consulting Agreement Executive agrees to sign as a condition of this Agreement. Company and Executive anticipate that the level of bona fide services the Executive will perform following the Termination Date... pursuant to the terms of the Consulting Agreement will be less than twenty percent (20%) of the average level of bona fide services performed by the Executive over the thirty-six (36) month period immediately preceding the Termination Date and execution of the Consulting Agreement. The term Special Consideration does not include the following amounts which will be paid to Executive regardless of whether Executive signs this Agreement: 1. Executive's base salary for the time Executive worked through the end of business on the Termination Date; 2. Any accrued but unused vacation to which Executive is entitled as of the Termination Date; 3. Any unpaid business expenses incurred by Executive through the Termination Date in the course of and pursuant to Tornier's expense reimbursement policies and procedures; or 4. The Severance Pay and Benefits referenced in Section 3 of this Agreement. View More

Special Consideration. Special Consideration means the severance pay and other benefits that Employee is offered as part of this Agreement and as described more fully in Exhibit 1 to this Agreement. The term Special Consideration does not include the following amounts which will be paid to Employee regardless of whether Employee signs this Agreement: 1. Employee's base salary for the time Employee worked through the end of business on the Termination Date; 2. Any accrued but unused PTO to which Employee is entitled;... or 3. Any unpaid business expenses incurred by Employee through the Termination Date in the course of and pursuant to the Company's expense reimbursement policies and procedures. View More