One Payment Only Sample Clauses

One Payment Only. Only one Benefit will be paid hereunder and payment of that Benefit will constitute a full discharge of all the Company’s liabilities hereunder. For avoidance of doubt, if a Benefit is paid before the amount of the Benefit is maximized (e.g., because the Vested Percentage is then less than 100% or because Deemed Final Pay has not yet been maximized), a subsequent return to employment will not create a right to any additional or incremental payment hereunder.
View SourceView Similar (4)
One Payment Only. For greater certainty, the payment provided for in Section 4.01 shall be payable only in respect of the first Sale Transaction which is consummated substantially in accordance with its terms within 30 days of its Payment Date (or such longer period as the parties hereto may agree to); provided that only a payment which is actually received by Sharp in accordance with this Agreement shall constitute a payment for purposes of this Section.
View Source
One Payment Only. (a) Where the Target Payment becomes payable to the Bidder under clause 9.2 and is actually paid to the Bidder, the Bidder cannot make any claim against the Target for the payment of any subsequent Target Payment. (b) Where the Bidder Payment becomes payable to the Target under clause 9.3 and is actually paid to the Target, the Target cannot make any claim against the Bidder for the payment of any subsequent Bidder Payment.
View Source

Related to One Payment Only

  • Single Payment Only The parties hereto acknowledge and hereby agree that in no event shall the Company be required to pay the Termination Fee on more than one occasion, whether or not the Termination Fee may be payable under more than one provision of this Agreement at the same or at different times and the occurrence of different events.

  • Payment on Termination If an employee is terminated after the end of a year of employment, the employee is deemed to have been given any untaken leave from the date of termination and shall be paid for that leave accordingly. The employee shall also be paid for any public holidays falling within the period of leave in addition to payment for the leave. If an employee is terminated before the end of a full year of employment, the employee shall be paid pro-rata annual leave based on the period of service.

  • Repayment on Termination Date The Borrower hereby agrees to repay the outstanding principal amount of (i) all Revolving Credit Loans in full on the Revolving Credit Maturity Date, and (ii) all Swingline Loans in accordance with Section 2.2(b) (but, in any event, no later than the Revolving Credit Maturity Date), together, in each case, with all accrued but unpaid interest thereon.

  • Payment on Notes 28 Section 3.02.

  • Payment on Death If an employee dies who was entitled to accumulated annual leave under the provisions of this Article, the heirs of such deceased employee shall be paid an amount of money equal to the number of unused hours of annual leave earned or accrued multiplied by the hourly rate of such deceased employee.