Installment Payments for Development Clause Samples

Installment Payments for Development. As consideration for the development of the Design Specifications and the discharge of all of WTT's obligations under this Agreement, WTP agrees to pay WTT a fee as follows (the "Development Fee"): (a) For developments related to the service bureau or other business lines of WTT, as requested by WTP, the Development Fee shall be WTT's actual costs of development. WTT shall share with WTP twenty percent (20%) of the profits generated by WTT in licensing such products to offset, but not to exceed, the development costs; (b) For development of WTP Customer-specific products or non-generic products the Development Fee shall be equal to WTT's market rates; (c) For developments related to MeetingsAssist, WTP shall pay one-third of the research and development costs associated with the MeetingsAssist development for the next two (2) years. By January 1, 2002, WTT shall either: i) assign all right, title and interest in and to MeetingsAssist and all developments related thereto to WTP, in which event WTP shall pay WTT market rate for any further development related to MeetingsAssist, or ii) retain title to MeetingsAssist and provide support and hosting for MeetingsAssist at cost plus twenty percent (20%), in which event WTP's obligation to pay any portion of the Meeting Assist research and development costs shall terminate. (d) Notwithstanding the foregoing or anything to the contrary contained elsewhere in this Agreement, all development services provided by WTT to WTP from the Effective Date through December 31, 1999 shall be at no cost to WTP. All development from January 1, 2000 shall be paid for by WTP in accordance with (a) through (c) above. The Development Fee will be paid in installments in accordance with the payment schedule set forth in the Delivery Order, and each installment shall be payable upon completion of each milestone by WTT and acceptance by WTP in accordance with Section 4 hereof. The Development Fees payable hereunder shall be effective for the first five (5) years of the Agreement and shall be renegotiated by the parties prior to the end of year five (5) of the Agreement.
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Installment Payments for Development. As consideration for the development of the Design Specifications and the discharge of all of TRX’s obligations related to the Development Services, WORLDTRAVEL agrees to pay TRX a fee as follows (the “Development Fee”): 8.10.1 The Development Fee shall be based on the work specified in the Delivery Order, calculated at rates equal to or less than TRX’s Market Rates. An estimate of the actual Development Fee shall be set forth in the Delivery Order. The Development Fee shall not exceed the estimate in the Delivery Order by more than * , without written authorization from WORLDTRAVEL. 8.10.2 The Development Fee will be paid in installments in accordance with the payment schedule set forth in the Delivery Order, and each installment shall be payable upon completion of each milestone by TRX and acceptance by WORLDTRAVEL in accordance with Sections 2 and 3 of Exhibit E. Development Procedures. The Market Rates payable hereunder shall be effective for the first * of the Agreement and shall be renegotiated by the parties prior to the end of * of the Agreement.
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Installment Payments for Development. As consideration for the development of the Design Specifications and the discharge of all of TRX’s obligations related to the Development Services, WORLDTRAVEL agrees to pay TRX a fee as follows (the “Development Fee”):
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Related to Installment Payments for Development

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.

  • Annual Payments The Settling Distributors shall make eighteen (18) Annual Payments, each comprised of base and incentive payments as provided in this Section IV, as well as fifty percent (50%) of the amount of any Settlement Fund Administrator costs and fees that exceed the available interest accrued in the Settlement Fund as provided in Section V.C.5, and as determined by the Settlement Fund Administrator as set forth in this Agreement. 1. All data relevant to the determination of the Annual Payment and allocations to Settling States and their Participating Subdivisions listed on Exhibit G shall be submitted to the Settlement Fund Administrator no later than sixty (60) calendar days prior to the Payment Date for each Annual Payment. The Settlement Fund Administrator shall then determine the Annual Payment, the amount to be paid to each Settling State and its Participating Subdivisions included on Exhibit G, and the amount of any Settlement Fund Administrator costs and fees, all consistent with the provisions in Exhibit L, by: a. determining, for each Settling State, the amount of base and incentive payments to which the State is entitled by applying the criteria under Section IV.D, Section IV.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Contract Adjustment Payments Subject to Section 5.3 herein, the Company shall pay, on each Payment Date, the Contract Adjustment Payments payable in respect of each Purchase Contract to the Person in whose name a Certificate (or one or more Predecessor Certificates) is registered at the close of business on the Record Date next preceding such Payment Date. The Contract Adjustment Payments will be payable at the office of the Agent in The City of New York maintained for that purpose or, at the option of the Company, by check mailed to the address of the Person entitled thereto at such Person's address as it appears on the Income PRIDES Register or Growth PRIDES Register. Upon the occurrence of a Termination Event, the Company's obligation to pay Contract Adjustment Payments (including any accrued or Deferred Contract Adjustment Payments) shall cease. Each Certificate delivered under this Agreement upon registration of transfer of or in exchange for or in lieu of (including as a result of a Collateral Substitution or the re-establishment of an Income PRIDES) any other Certificate shall carry the rights to Contract Adjustment Payments accrued and unpaid, and to accrue Contract Adjustment Payments, which were carried by the Purchase Contracts underlying such other Certificates. Subject to Section 5.9, in the case of any Security with respect to which Early Settlement of the underlying Purchase Contract is effected on an Early Settlement Date that is after any Record Date and on or prior to the next succeeding Payment Date, Contract Adjustment Payments, if any, otherwise payable on such Payment Date shall be payable on such Payment Date notwithstanding such Early Settlement, and such Contract Adjustment Payments shall be paid to the Person in whose name the Certificate evidencing such Security (or one or more Predecessor Certificates) is registered at the close of business on such Record Date. Except as otherwise expressly provided in the immediately preceding sentence, in the case of any Security with respect to which Early Settlement of the underlying Purchase Contract is effected on an Early Settlement Date, Contract Adjustment Payments that would otherwise be payable after the Early Settlement Date with respect to such Purchase Contract shall not be payable. The Company's obligations with respect to Contract Adjustment Payments, will be subordinated and junior in right of payment to the Company's obligations under any Senior Indebtedness.