Match Payments Clause Samples
The Match Payments clause establishes a requirement for one party to align its payments with those made by another party, typically in a multi-party agreement. In practice, this means that if one party receives payment or a certain amount, the other party is obligated to make a corresponding payment of the same amount or under similar terms. This clause is commonly used in situations where payments are contingent on external events or third-party actions, such as in back-to-back contracts or supply chains. Its core function is to ensure fairness and synchronization in financial transactions, preventing one party from being out of pocket or exposed to undue financial risk due to mismatched payment schedules.
Match Payments. During the term of this Contract, Grantee shall secure and maintain a local match of at least 25 percent of the total value of this Statement of Work, as indicated on the Contract signature document.
Match Payments. The Company has paid or shall pay (as applicable) to the Executive, on or within sixty (60) days following each of May 27, 2025, May 18, 2026, May 13, 2027 and May 18, 2028 (each such date, a “Match Date”), a lump-sum cash payment (each, a “Match Payment”) in an amount equal to (i) the average closing price of a DT ordinary share over the thirty (30) calendar-day period ending five (5) business days before the applicable Match Date (converted from EUR to USD using the average exchange rate over the five (5) calendar-day period ending five (5) business days before the applicable Match Date as published in The Wall Street Journal), multiplied by (ii) the aggregate number of ordinary shares of DT released to the Executive on such Match Date, in any case, as determined by the Committee and subject to and conditioned upon the Executive’s continued employment with the Company through the applicable payment date (except as set forth in Section 5 below). For the avoidance of doubt, in the event that the Executive’s employment with the Company is terminated by the Company for Cause, any then-unpaid Match Payments shall be cancelled and forfeited by the Executive without any consideration.
Match Payments