Contract Bonus Sample Clauses
Contract Bonus. (If applicable):
3.1 Credit Amount to be rebated to the Customer varies according to the handset model and service plan selected by the Customer and will be credited to the Customer during the Term according to the credit arrangement specified in the Sales and Services Agreement.
3.2 The Credit Amount will be credited to the monthly bill of the Customer’s Account. The first Credit Amount will be credited to the 1st monthly bill after the service effective date.
3.3 If, on the date of this Sales and Services Agreement, the Account is already subject to an arrangement (each a "Previous Credit Arrangement") under which any sums or charges prepaid by the Customer or the Company are to be credited by the Company to the Account, the crediting of the first installment to the Account by the Company under this Sales and Services Agreement shall be postponed to the date falling 30 days after the date of cessation of: (a) the Previous Credit Arrangement; or (b) if there is more than one Previous Credit Arrangements, the Previous Credit Arrangement with the latest expiry date. The date of cessation of the Previous Credit Arrangement will be deemed to be the date on which the last amount to be credited to the Account under the Previous Credit Arrangement is actually credited to the Account.
3.4 The Credit Amount paid by the Company will only be applied by the Company to meet the Customer’s payment obligations to the Company in respect of the Account. However, the Customer cannot set-off any other sum payable to the Company against any part of the Credit Amount payable by the Company to the Account.
3.5 The Credit Amount cannot be exchanged for cash.
3.6 The Company shall not be under any obligation to pay any interest to the Customer on the Credit Amount.
3.7 The Customer shall not be entitled to the Credit Amount or any balance thereof and the free services specified above upon the occurrence of any of the following events before the expiry of the Term:
a) if the Customer changes to a (i) service plan with monthly fee equal to or below the Service Plan amount specified in the Sales and Services Agreement or (ii) 2G Service Plan or (iii) IC2N Service plan; or
b) if the Customer cancels or changes any of the Selected Services resulting in the aggregate monthly fee (after deduction of any rebate) of the Selected Services to be below the amount specified in the Sales and Services Agreement; or
c) if the Customer subscribes to other special offers, including handset or fix...
Contract Bonus. Full-time, non-probationary LPNs employed as of the effective date of this Agreement will receive a one-time payment of Two Thousand Dollar ($2000.00), minus applicable withholdings and deductions, which will be paid on or before the first full pay period after the effective date of this Agreement.
Contract Bonus. Executive shall also receive an additional bonuses related to agreements signed with carriers and Original Equipment Manufacturers (respectively, the “Carrier Contract Bonus” and the “OEM Contract Bonus”), to the extent provided on Exhibit A-2.
Contract Bonus. 3.6.1 As of the Effective Date, the Company shall pay to the Executive seven hundred fifty thousand dollars ($750,000).
3.6.2 If Executive's employment with the Company is terminated during the Period of Employment either (i) by the Company for Cause, or (ii) by Executive's resignation without Good Reason or without Board approval, then the Executive will forfeit payment of his non-qualified pension benefits until such forfeited amounts equal a portion of the Contract Bonus, with such portion equal to five hundred thousand dollars ($500,000) multiplied by a fraction with a numerator equal to thirty-six (36) less the number of full months from the Effective Date to the date of termination and a denominator equal to thirty-six (36).
Contract Bonus. In consideration of Executive's service as the President and Chief Executive Officer of Green Spring throughout the period commencing on December 13, 1995 and ending on December 13, 1999 (the "Contract Bonus Period"), Magellan shall pay to Executive a bonus in the amount determined in accordance with Section 1.2 hereof (the "Contract Bonus"). Unless Executive's right to receive the Contract Bonus is terminated in accordance with Section 1.4 hereof, Executive's right to receive one-half of the Contract Bonus shall accrue on December 13, 1998 (the "First Accrual Date") and Executive's right to receive the remaining one-half of the Contract Bonus shall accrue upon expiration of the Contract Bonus Period (the "Second Accrual Date").