Additional Lump Sum Payment Sample Clauses
The Additional Lump Sum Payment clause establishes the right or obligation for one party to make a single, fixed payment beyond the original contract amount. Typically, this clause is triggered by specific events such as changes in project scope, achievement of certain milestones, or as compensation for unforeseen circumstances. Its core practical function is to provide a clear mechanism for adjusting compensation in a straightforward manner, thereby reducing disputes and ensuring both parties understand when and how extra payments are to be made.
Additional Lump Sum Payment. ▇▇▇▇▇▇▇ agrees to pay Woodside a one-time payment in the amount of $300,000, paid in conjunction with the first severance payment.
Additional Lump Sum Payment. In the event that (a) Executive remains in the Company’s employ until Executive attains age fifty-five (55), or (b) Executive’s employment terminates for a reason other than termination for Cause or voluntary quit, Executive shall become entitled to a bonus payment of $800,000. The Company shall pay Executive (or, in the event of Executive’s death, Executive’s estate) such payment in a lump sum on the earlier to occur of Executive’s death or the first business day immediately following the six (6)-month anniversary of Executive’s Separation from Service (as such term is defined in Section 6.2(c)).
Additional Lump Sum Payment. In the event Executive (a) remains in the Company’s employ until Executive attains age fifty-five (55), (b) terminates employment under section 6.1 on or after age fifty-two, or (c) dies or becomes disabled, the Company shall pay Executive (or, in the event of Executive’s death, Executive’s estate) $800,000 in a lump sum as soon as administratively feasible following the termination of Executive’s employment with the Company.
Additional Lump Sum Payment. Employee shall be entitled to receive payment, in a lump sum payable six months after the termination of the Agreement, in the following amounts:
(i) if the termination occurs prior to January 1, 2007 $225,000;
(ii) if the termination occurs on or after January 1, 2007 — $225,000 plus $13,542 for each month (or partial month) of employment with FCMC after December 31, 2006. However, in no event shall the amount paid pursuant to this subsection exceed Employee’s salary as of the date of such termination plus an amount equal to the value of Employee’s total benefits for the prior twelve (12) month period, as of the date of such termination.
Additional Lump Sum Payment. Upon reaching age 55, Executive became entitled to a payment of $800,000 as described in Section 3.4 of the Prior Agreement. The Company shall pay Executive (or, in the event of Executive’s death, Executive’s estate) such payment in a lump sum on the earlier to occur of Executive’s death or the first business day immediately following the six (6)-month anniversary of Executive’s Separation from Service (as such term is defined in Section 6.2(c)).
Additional Lump Sum Payment. ▇▇. ▇▇▇▇▇▇▇ shall be entitled to a separate payment of $100,000, which shall be paid in one lump sum (subject to appropriate withholdings as described below) to ▇▇. ▇▇▇▇▇▇▇ at the time of the Company’s first normal payroll following payment of the last of the installments paid to ▇▇. ▇▇▇▇▇▇▇ in accordance with paragraph 3a above (i.e., in July 2010).
Additional Lump Sum Payment. The Company shall pay Employee a total gross amount of Two Thousand Dollars and Zero Cents ($2,000.00), less withholding for taxes and other similar items (the “Additional Payment”). The Additional Payment shall be payable in a single lump sum on the first regular payroll processed following the Separation Date.
Additional Lump Sum Payment. Employee shall be entitled to receive payment, in a lump sum, in the following amounts:
(i) if the termination occurs prior to January 1, 2006 - $225,000;
(ii) if the termination occurs on or after January 1, 2006 - $225,000 plus $13,542 for each month (or partial month) of employment with the Company after December 31, 2005. However, in no event shall the amount paid pursuant to this subsection exceed Employee's salary as of the date of such termination plus an amount equal to the value of Employee's total benefits for the prior twelve (12) month period, as of the date of such termination.
Additional Lump Sum Payment. Provided you timely sign and do not timely revoke this Transition Agreement and timely execute and do not timely revoke the Release, and contingent upon complying with the policies and responsibilities of your position in all material respects as reasonably determined by the Company in good faith through the Transition End Date, the Company will make the following lump sum payment to you: $234,375, which is the cash portion of your 2023 bonus incentive under the 2023 PayPal Annual Incentive Plan (“AIP”) with your individual performance deemed achieved at the target level. You will receive this payment at the later of (x) at or around the time that other participants of the 2023 AIP receive their 2023 AIP payout and (y) when the Release becomes effective in accordance with its terms. In addition, your AIP performance-based restricted stock units (“AIP PBRSUs”) granted on February 15, 2023 shall remain outstanding and shall vest on February 15, 2024 on the same basis and to the same extent as determined for the Company’s executive officers and shall settle at or around the same time that 2023 AIP PBRSUs settle with respect to other participants in the 2023 AIP, provided that the Release becomes effective in accordance with its terms. You understand that the payment described in this Section is not for wages the Company concedes it owes you and is consideration for you signing and not revoking the Release.
Additional Lump Sum Payment. On January 1, 2016, Employer will provide Employee a lump-sum payment of $47,336.54.