Differential Payment Clause Samples
A Differential Payment clause establishes that different rates or amounts will be paid depending on specific conditions or circumstances outlined in the contract. For example, it may stipulate higher payments for work performed during overtime hours or lower rates for services provided under certain conditions. This clause ensures that compensation is fairly adjusted to reflect varying levels of effort, risk, or cost, thereby promoting equitable treatment and clear expectations for both parties.
Differential Payment. PROVIDER understands that subject to appropriation by the Legislature, the PROVIDER may receive a differential payment based on the PROVIDER’s performance designation in accordance with s. 1002.68(4)(e), F.S.
Differential Payment. A night shift employee shall be paid a weekly night shift differential in an amount equal to ten percent (10%) of the employee’s basic weekly wage rate. The daily night shift differential shall be one-fifth (1/5) of the weekly differential.
Differential Payment. As of the Measurement Date, the Stockholder shall calculate the amount equal to (X) the last sale price of a share of Common Stock traded on the Nasdaq National Market on the trading day immediately preceding the Measurement Date, multiplied by (Y) the number Closing Shares issued to Stockholder (such amount, the “Proceeds”). Stockholder shall notify the Company of the amount of the Proceeds not later than the fifth business day following the Measurement Date. If the Proceeds exceeds $7,700,000.00, then the Stockholder shall pay to the Company not later than the fifteenth business day following the Measurement Date an amount in cash by wire transfer, or delivery of other immediately available funds, equal to the excess of the Proceeds over $7,700,000.00. If the Proceeds are not equal to at least $6,300,000, then the Company shall pay to the Stockholder not later than the fifteenth business day following the Measurement Date an amount in cash by wire transfer, or delivery of other immediately available funds, equal to the amount by which the Proceeds are less than $6,300,000.00. If the Proceeds are at least $6,300,000.00 but not greater than $7,700,000.00, no differential payment in respect of the Proceeds shall be payable by either the Stockholder or the Company
Differential Payment. (a) In the event that a transaction resulting from an Applicable Takeover Proposal (as hereinafter defined) is consummated during the Restricted Period (as hereinafter defined), then the Stockholder shall pay to Alcatel an amount (the "Differential Payment"), equal to 90% of the difference between (x) the Takeover Transaction Consideration (as hereinafter defined) paid to the Stockholder pursuant to the terms of such Applicable Takeover Proposal minus (y) the fair market value of the Merger Consideration which would have been payable to the Stockholder pursuant to the Merger Agreement.
(b) For purposes of this Agreement:
(i) The Merger Consideration shall be valued (A) for the portion that is comprised of ADSs, based on the average closing prices for ADSs on the NYSE, and (B) for any portion that is comprised of Alcatel Shares, based on the average closing prices of Alcatel Shares on the Euronext, each for the 20 consecutive trading days ending on and including the third trading day prior to the date hereof.
Differential Payment. With respect to any particular Product, if GENE’s Late Contribution Level is greater than its Early Contribution Level, it shall pay Amgen the ***** the Early Development Costs due pursuant to its election under Section 4.2 and those Early Development Costs that it would have paid had it contributed to Early Development Costs at the Late Contribution Level (the “Differential Payment”), ***** which will be the greater of (i) such Differential Payment ***** or (ii) $***** if GENE increases its contribution from ***** $***** if GENE increases its contribution from *****%. Any such Differential Payment ***** shall be paid by GENE within thirty (30) days of GENE providing its notice of election to contribute to Late Development Costs pursuant to Section 4.3.
Differential Payment. Subject to appropriation by the Legislature, you may receive a differential payment based on your performance designation in accordance with s. 1002.68(4)(e), F.S. • Based on the 2023-24 CLASS & FAST scores, each provider will receive a performance designation for 2024-25. • Based on that designation, you may be eligible for a differential payment. • The designation system & methodology is still in development.