Payment to the Executive Sample Clauses
Payment to the Executive. Any Gross-Up Payment, as determined pursuant to this Section 8, shall be paid by the Company to the Executive within five days of the receipt of the Accounting Firm’s determination; provided that, the Gross-Up Payment shall in all events be paid no later than the end of the Executive’s taxable year next following the Executive’s taxable year in which the Excise Tax (and any income or other related taxes or interest or penalties thereon) on a Payment are remitted to the Internal Revenue Service or any other applicable taxing authority or, in the case of amounts relating to a claim described in Section 8(e) that does not result in the remittance of any federal, state, local and foreign income, excise, social security and other taxes, the calendar year in which the claim is finally settled or otherwise resolved. Notwithstanding any other provision of this Section 8, the Company may, in its sole discretion, withhold and pay over to the Internal Revenue Service or any other applicable taxing authority, for the benefit of the Executive, all or any portion of any Gross-Up Payment, and the Executive hereby consents to such withholding.
Payment to the Executive. In consideration of the terminations ------------------------ provided in paragraph (a) of Section 1 and the other obligations of the Executive set forth herein, and subject to the provisions of Section 8 (b) hereof, at the Effective Time, the Company shall pay to the Executive a cash amount equal to $____________(the "Cash Payment"),1 less applicable withholdings pursuant to Section 12 hereof. The Executive agrees that the payment of the Cash Amount shall be in full satisfaction of all obligations of the Company and the Bank to the Executive pursuant to the Company Employment Agreement and the Bank Employment Agreement, including without limitation Sections 5(b), (c), (d), (e), (f) and (g) of each such agreement.
Payment to the Executive a. Subject to the terms of this Agreement, the Company agrees to pay to the Executive an aggregate amount of $4,877,593 ("the Principal Amount"), together with accrued interest. This amount shall be paid in three installments, with one-third of the Principal Amount, plus accrued interest, paid on the first business day following each of October 15, 2002, October 15, 2003 and October 15,
Payment to the Executive. The Corporation shall increase the Executive's compensation by the amount of any premium paid by the Executive pursuant to Section 2.2.
Payment to the Executive. In the event of a Change of Control of APP followed by Termination Without Good Cause of the Executive’s employment by APP, (i) the Executive shall be entitled to receive for a period of twelve months his base salary as in effect on the date of the Termination Without Good Cause together with the average of any bonus paid by APP to the Executive for services during each of the three 12-month periods prior to Termination Without Good Cause date, which average bonus shall be payable in 12 equal monthly increments.
Payment to the Executive. In the event of early termination of this Agreement, and conditioned upon return of all Vertiv Confidential Information (as defined below), work product and property, Vertiv shall reimburse the Executive for expenses properly incurred and documented in accordance with the provisions of Section 3.3. Vertiv may withhold a reasonable amount to compensate it for any estimated damages in the event Vertiv terminates this Agreement as a consequence of the Executive’s breach of this Agreement or if the Executive fails to comply with the Executive’s obligations under Section 2.3, 8 and 12.2 that apply after termination of this Agreement.
Payment to the Executive. As consideration for the Executive’s covenants made in Section 2 hereof, the Executive shall be entitled to receive from the Company a lump sum payment equal to $100,000, which shall be paid on the Effective Date by wire transfer of immediately available funds to an account designated in writing by the Executive, subject to all applicable tax withholding requirements.
Payment to the Executive. In consideration of the termination provided in paragraph (a) of Section 1 and the other obligations of the Executive set forth herein, the United and the Company hereby agree to do the following:
(i) pay to the Executive at the Effective Time a cash amount equal to $1,072,500 (the “Cash Payment”), less applicable withholdings pursuant to Section 10 hereof, and
(ii) provide the Executive with credit for three additional “Years of Service” as of the Effective Time for purposes of determining the Executive’s benefit under the Amended and Restated Salary Continuation Agreement between the Executive and the Bank, as amended (the “SCA”), which United hereby expressly assumes as an obligation of United from and after the Effective Time. The Executive agrees that the foregoing shall be in full satisfaction of all obligations of the Company and the Bank to the Executive pursuant to the Employment Agreement and in considerations of the covenants set forth in Section 4 of this Agreement.
Payment to the Executive. In the event of early termination of this Agreement, and conditioned upon return of all CompoSecure Confidential Information (as defined below), work product and property, CompoSecure shall reimburse the Executive for expenses properly incurred and documented in accordance with the provisions of Section 3.3.
Payment to the Executive. In consideration of the termination provided in paragraph (a) of Section 1 and the other obligations of the Executive set forth herein, the United and the Company hereby agree to do the following: