FOR MORE THAN NINE (9) MONTHS AFTER THE TERMINATION
DATE WITHOUT THE CONSENT OF EXECUTIVE.
ANY PAYMENTS DELAYED PURSUANT TO THIS
SECTION SHALL BEAR INTEREST AT THE SIMPLE RATE OF 5% PER ANNUM.
22.
ENTIRE AGREEMENT.
THIS AGREEMENT CONTAINS THE ENTIRE AGREEMENT
AND UNDERSTANDING BETWEEN THE PARTIES HERETO WITH
RESPECT TO THE SUBJECT MATTER
HEREOF AND SUPERSEDES ALL PRIOR
AGREEMENTS AND UNDERSTANDINGS RELATING TO SUCH
SUBJECT MATTER.
THE PARTIES HERETO SHALL NOT BE LIABLE OR BOUND TO ANY OTHER
PARTY IN ANY MANNER BY ANY REPRESENTATIONS, WARRANTIES OR COVENANTS RELATING TO
SUCH SUBJECT MATTER EXCEPT AS SPECIFICALLY SET FORTH HEREIN.
23.
PARAGRAPH HEADINGS.
SECTION HEADINGS USED IN THIS
AGREEMENT ARE
INCLUDED FOR CONVENIENCE OF REFERENCE ONLY AND WILL
NOT AFFECT THE MEANING OF
ANY PROVISION OF THIS AGREEMENT.
24.
BOARD APPROVAL.
THE EMPLOYER REPRESENTS THAT ITS BOARD OF
DIRECTORS (OR THE COMPENSATION COMMITTEE THEREOF) HAS APPROVED THE ECONOMIC
TERMS OF THIS AGREEMENT.
18
IN WITNESS WHEREOF, THIS AGREEMENT IS ENTERED INTO AS OF THE DATE AND YEAR FIRST
WRITTEN ABOVE, AND IS BEING EXECUTED ON APRIL 16, 2007.
SL GREEN REALTY CORP.
By:
/s/ MARC HOLLIDAY
Name: Marc Holliday
Title: Chief Executive Officer
EXECUTIVE:
/s/ GREGORY F. HUGHES
Name: Gregory F. Hughes