PAYMENTS IN THE EVENT Sample Clauses

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PAYMENTS IN THE EVENT of a Change in Control of Employer, shall be deleted in its entirety and replaced with the following:
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PAYMENTS IN THE EVENT. OF DEATH OR SEPARATION FROM SERVICE PRIOR TO CHANGE OF CONTROL.
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PAYMENTS IN THE EVENT. EMPLOYMENT IS TERMINATED BY REASON OTHER THAN DISABILITY, SALE OF BUSINESS, EARLY RETIREMENT OR RETIREMENT. As indicated in section 2.1 above, the Employer reserves the right to terminate the Executive's employment, with or without cause but subject to any written employment agreement which may then exist. In the event that the employment of the Executive is terminated prior to the Early Retirement Date for any reason other than by reason of Disability or Sale of Business, the Executive shall be entitled to be paid the Applicable Percentage of the Annual Benefit, as determined by the applicable years of service at the time of the Executive's termination of employment with the Employer. The method for paying such amount shall be the Joint and Survivor Annuity, with each installment to be paid on the first day of each month, beginning with the month following the month in which the Executive attains sixty-five (65) years of age.
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PAYMENTS IN THE EVENT of a Change of Control. ------------------------------------------------- (a) If at any time while Employee is employed by the Company (the "Term") there is a Change of Control of the Company, as defined below, Employee shall have the option of resigning his employment with the Company, or its successor, for any reason, or for no reason, at any time up to one year following the date of the Change of Control. If Employee resigns his employment pursuant to this section within one year following a Change of Control, or Employee's employment is involuntarily terminated by the Company within one year following a Change of Control, the Company will pay to Employee an amount equal to three times his then current Base Salary, in a lump sum, within fifteen days of such resignation or termination. Employee shall also be entitled to remain on the Company's medical and dental insurance program at Company's expense for three years following termination of Employee's employment pursuant to this section. Upon payment of the lump sum payment provided for herein and the medical and dental benefits herein described, all obligations of the Company to the Employee hereunder shall be fully satisfied. The parties further expressly agree that, during the period after Employee's termination during which period Employee will receive payments or benefits hereunder, Employee will not have authority to act on behalf of the Company. (b) The Company will pay Employee a "Tax Gross-Up" payment if a tax is imposed on Employee pursuant to Section 4999 of the Internal Revenue Code of 1986 as amended, or any successor provision, with respect to any excess parachute payment in connection with a Change of Control of the Company. The amount of the Tax Gross-Up payment will be equal to (i) the amount of such tax, divided by (ii) 1 minus the blended marginal federal and applicable state income tax rates in effect for the applicable period for Employee. The Company shall pay any Tax Gross-Up amount promptly to enable Employee to timely pay income taxes for the applicable tax period, estimated or otherwise. (c) For purposes of this Agreement, a "Change of Control" means the occurrence of any of the following events: (i) a merger, consolidation or reorganization of the Company in which the Company does not survive as an independent entity; (ii) a merger, consolidation or reorganization of the Company in which the Company does not survive as a publicly held company; (iii) a sale of all or substantial...
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PAYMENTS IN THE EVENT of a dispute (a) the undisputed amount shall be paid in accordance with paragraph 13.1; (b) the disputed amount shall be paid within 28 days after the dispute is resolved or determined to the extent that the amount in dispute is adjudged or resolved to be payable; and
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PAYMENTS IN THE EVENT. DISABILITY OCCURS PRIOR TO RETIREMENT AND PAYMENTS IN THE EVENT OF DEATH. In the event the Executive becomes Disabled while actively employed by the Employer at any time after the Effective Date of this Agreement but prior to retirement, subject to Paragraph 6, the Executive shall be entitled to be paid the Applicable Percentage of the Executive Benefits, as defined above, in substantially equal monthly installments on the first day of each month, beginning with the month following the month in which the Executive becomes Disabled, payable until the Executive's death. Provided, benefits hereunder shall be reduced or eliminated to the extent that such benefits are duplicated by benefits payable under the Employer's long-term disability plan. There are no death benefits payable under this Agreement.
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PAYMENTS IN THE EVENT. OF A TERMINATION FOR CAUSE: Upon the termination of your employment as a result of a termination for Cause, you shall be entitled to any Base Salary and accrued vacation pay if any, due and owing at the date of such termination but not yet paid. You shall not be entitled to any other compensation or payments hereunder after the date of, or otherwise with respect to, such termination of your employment.
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Related to PAYMENTS IN THE EVENT

  • Investments in the Trust Investments may be accepted by the Trust from such Persons, at such times, on such terms, and for such consideration as the Trustees from time to time may authorize. Each investment shall be credited to the Shareholder's account in the form of full and fractional Shares of the Trust, in such Series (or class) as the purchaser shall select, at the net asset value per Share next determined for such Series (or class) after receipt of the investment; provided, however, that the Trustees may, in their sole discretion, impose a sales charge or reimbursement fee upon investments in the Trust.

  • Deposits in the Escrow Account During the Escrow Period, persons subscribing to purchase Shares (“Subscribers”) will be instructed by the Company, the Dealer Manager and the Participating Broker-Dealers to make checks for subscriptions payable to the order of “UMB Bank, N.A., as Escrow Agent for NexPoint Capital, Inc.” or any recognizable abbreviation thereof. Completed subscription agreements and checks in payment for the subscription amount shall be remitted to the Transfer Agent at the address set forth in the subscription agreement. The Dealer Manager, the Company or their respective agents, as applicable, shall remit to the Escrow Agent (i) such instrument of payment, and (ii) each Subscriber’s name, address, number of Shares purchased by such Subscriber and the subscription payment remitted by such Subscriber by noon of the next business day following receipt of any such instruments of payment or, if final internal supervisory review is conducted at a different location, by the end of the next business day following receipt of any such instruments of payment by the office conducting final internal supervisory review. The Escrow Agent represents that the Transfer Agent will promptly deliver all monies received in good order from Subscribers for the payment of Shares to the Escrow Agent for deposit in the Escrow Account. All instruments of payment delivered to the Escrow Agent pursuant hereto shall be deposited by the Escrow Agent within one (1) business day of receipt thereof into the Escrow Account. Deposits shall be held in the Escrow Account until such Investor Funds are promptly disbursed in accordance with this Agreement. Investor Funds shall be held in the Escrow Account until they are promptly disbursed in accordance with this Section 2. Prior to disbursement of the Investor Funds deposited in the Escrow Account, such funds shall not be subject to claims by creditors of the Company, the Dealer Manager, any Participating Broker-Dealer or any of their respective affiliates. If any of the instruments of payment are returned to the Escrow Agent for nonpayment prior to receipt of the Minimum Offering Requirement, the Escrow Agent shall promptly notify the Dealer Manager and the Company in writing via mail, email or facsimile of such nonpayment, and is authorized to debit the Escrow Account in the amount of such returned payment.

  • Payments to Company Except as provided in Section 3 hereof, after the Trust has become irrevocable, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

  • GENERAL COMPLIANCE WITH RESPECT TO THE APARTMENT Subject to Clause 12 above, the Allottee shall, after taking possession, be solely responsible to maintain the [Apartment/Plot] at his/her own cost, in good repair and condition and shall not do or suffer to be done anything in or to the Building, or the [Apartment/Plot], or the staircases, lifts, common passages, corridors, circulation areas, atrium or the compound which may be in violation of any laws or rules of any authority or change or alter or make additions to the [Apartment/Plot] and keep the [Apartment/Plot], its walls and partitions, sewers, drains, pipe and appurtenances thereto or belonging thereto, in good and tenantable repair and maintain the same in a fit and proper condition and ensure that the support, shelter etc. of the Building is not in any way damaged or jeopardized. The Allottee further undertakes, assures and guarantees that he/she would not put any sign-board / name-plate, neon light, publicity material or advertisement material etc. on the face / facade of the Building or anywhere on the exterior of the Project, buildings therein or Common Areas. The Allottees shall also not change the colour scheme of the outer walls or painting of the exterior side of the windows or carry out any change in the exterior elevation or design. Further the Allottee shall not store any hazardous or combustible goods in the [Apartment/Plot] or place any heavy material in the common passages or staircase of the Building. The Allottee shall also not remove any wall, including the outer and load bearing wall of the [Apartment/Plot]. The Allottee shall plan and distribute its electrical load in conformity with the electrical systems installed by the Promoter and thereafter the association of allottees and/or maintenance agency appointed by association of allottees. The Allottee shall be responsible for any loss or damages arising out of breach of any of the aforesaid conditions.

  • CONTRIBUTION IN THE EVENT OF JOINT LIABILITY (a) To the fullest extent permissible under applicable law, if the indemnification, hold harmless and/or exoneration rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying, holding harmless or exonerating Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee. (b) The Company shall not enter into any settlement of any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee. (c) The Company hereby agrees to fully indemnify, hold harmless and exonerate Indemnitee from any claims for contribution which may be brought by officers, directors or employees of the Company other than Indemnitee who may be jointly liable with Indemnitee.