Payments to ▇▇▇▇▇▇▇▇ Sample Clauses

Payments to ▇▇▇▇▇▇▇▇. In full satisfaction of any obligations the Company may have to ▇▇▇▇▇▇▇▇ relating in any way to his employment at the Company and for performing the Consulting Services pursuant to this Agreement, the Company agrees to pay to ▇▇▇▇▇▇▇▇ the following: a. Upon execution of this Agreement, the Company shall pay ▇▇▇▇▇▇▇▇ the sum of $250,000 (the "Base Fee"). The Base Fee shall represent ▇▇▇▇▇▇▇▇' base fee for Consulting Services to be rendered during the period beginning on the date of this Agreement and ending on January 31, 1999. Thereafter, the Base Fee shall be an amount agreed upon by the Company and ▇▇▇▇▇▇▇▇, commensurate with the nature and extent of the Consulting Services to be rendered during such period. b. In addition to the Base Fee, the Company shall pay to ▇▇▇▇▇▇▇▇ the following incentive fees (the "Incentive Fee"), payable as and when set forth below: 1. For that portion of the Consulting Services rendered in connection with the Project described in Section 2(a) above, upon completion and closing of the pool preferred transaction, the Company shall pay to ▇▇▇▇▇▇▇▇ on the date of closing $400,000 in cash in a lump sum payment; 2. For that portion of the Consulting Services rendered in connection with the Project described in Section 2(b) above, upon closing of the acquisitions by the Company of each FAD minority equity interest, the Company shall pay to ▇▇▇▇▇▇▇▇ on the date of each closing $15,000 in cash in a lump sum payment; 3. For that portion of the Consulting Services rendered in connection with the Project described in Section 2(c) above, upon the closing of any transaction which modifies or enhances the Company's senior credit facility, to the extent deemed necessary by the Company, the Company shall pay to ▇▇▇▇▇▇▇▇ on the date of closing $500,000 in cash in a lump sum payment; 4. For that portion of the Consulting Services rendered in connection with the Project described in Section 2(d) above, upon the closing of a transaction which results in a cash infusion to the Company, the Company shall pay to ▇▇▇▇▇▇▇▇ on the date of closing an amount equal to 1% of the net amount of such cash proceeds received by the Company from such infusion in cash in a lump sum payment. c. In addition, the Company will reimburse ▇▇▇▇▇▇▇▇ for the costs of ▇▇▇▇▇▇▇▇' continued participation in the Company-sponsored group health, medical and dental plans at ▇▇▇▇▇▇▇▇' current level of coverage under the Consolidated Omnibus Budget Reconciliation Act ("COBRA") thro...
View Source
Payments to ▇▇▇▇▇▇▇▇. Employer will make the payments and provide the other benefits set forth in this paragraph to ▇▇▇▇▇▇▇▇, only if (i) ▇▇▇▇▇▇▇▇ signs this Agreement and Release; returns it to the Employer no later than the last day of the review period set forth in paragraph 7 and does not rescind this Agreement and Release within the Rescission Period described in paragraph 8; and (ii) ▇▇▇▇▇▇▇▇ has not breached his obligations pursuant to this Agreement and Release, including without limitation, those set forth in paragraph 5 below or under the Restrictive Covenant Agreement (defined below). The payments described in this Agreement and Release will not modify or terminate the parties’ obligations to each other as established by this Agreement and Release.
View Source
Payments to ▇▇▇▇▇▇▇▇ 
View SourceView Similar (2)

Related to Payments to ▇▇▇▇▇▇▇▇

  • Payments to Owner Section 4.01 Remittances...................................................29 Section 4.02 Statements to Owner...........................................29 Section 4.03 Monthly Advances by Servicer..................................30 Section 4.04 Due Dates Other Than the First of the Month...................30 ARTICLE V

  • Payments to Agent A payment by the Borrower to the Agent hereunder or any of the other Loan Documents for the account of any Bank shall constitute a payment to such Bank. The Agent agrees promptly to distribute to each Bank such Bank's pro rata share of payments received by the Agent for the account of the Banks except as otherwise expressly provided herein or in any of the other Loan Documents.

  • Adjustments to Fees Notwithstanding any of the fee limitations set forth in this Article 6, commencing upon the expiration of the first year of this Agreement, and upon the expiration of each year thereafter during the Term, the then-­‐current fees set forth in Section 6.1 and Section 6.3 may be adjusted, at ICANN’s discretion, by a percentage equal to the percentage change, if any, in (i) the Consumer Price Index for All Urban Consumers, U.S. City Average (1982-­‐1984 = 100) published by the United States Department of Labor, Bureau of Labor Statistics, or any successor index (the “CPI”) for the month which is one (1) month prior to the commencement of the applicable year, over (ii) the CPI published for the month which is one (1) month prior to the commencement of the immediately prior year. In the event of any such increase, ICANN shall provide notice to Registry Operator specifying the amount of such adjustment. Any fee adjustment under this Section 6.5 shall be effective as of the first day of the first calendar quarter following at least thirty (30) days after ICANN’s delivery to Registry Operator of such fee adjustment notice.

  • Adjustments to Payments (a) If any payment or benefit Executive would receive pursuant to this Agreement or otherwise, including accelerated vesting of any equity compensation (all such payments and/or benefits hereinafter, “Payment”), would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code, and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment shall be either (x) provided to the Executive in full, or (y) provided to the Executive to such lesser extent which would result in no portion of such Payment being subject to the excise tax, further reduced by $5,000 (including such further reduction, the “Cutback Amount”), whichever of the foregoing amounts, when taking into account applicable federal, state, local and foreign income and employment taxes, such excise tax and other applicable taxes, (all computed at the highest applicable marginal rates), results in the receipt by the Executive, on an after-tax basis, of the greatest amount of the Payment, notwithstanding that all or a portion of such Payment may be subject to the excise tax. If a reduction in payments or benefits constituting “parachute payments” is necessary so that the Payment equals the Cutback Amount, reduction shall occur in the following order: (A) cash payments shall be reduced first and in reverse chronological order such that the cash payment owed on the latest date following the occurrence of the event triggering such excise tax will be the first cash payment to be reduced; (B) accelerated vesting of performance-based equity awards shall be cancelled or reduced next and in the reverse order of the date of grant for such awards (i.e., the vesting of the most recently granted awards will be reduced first), with full-value awards reduced before any performance-based stock option or stock appreciation rights are reduced; (C) health and welfare benefits shall be reduced and in reverse chronological order such that the benefit owed on the latest date following the occurrence of the event triggering such excise tax will be the first benefit to be reduced; and (D) accelerated vesting of time-based equity awards shall be cancelled or reduced last and in the reverse order of the date of grant for such awards (i.e., the vesting of the most recently granted awards will be reduced first), with full-value awards reduced before any time-based stock option or stock appreciation rights are reduced. (b) The Company shall appoint a nationally recognized accounting firm to make the determinations required hereunder and perform the foregoing calculations. The Company shall bear all expenses with respect to the determinations by such accounting firm required to be made hereunder. The accounting firm engaged to make the determinations hereunder shall provide its calculations, together with detailed supporting documentation, to the Company and Executive within fifteen (15) calendar days after the date on which right to a Payment is triggered (if requested at that time by the Company or Executive). Any good faith determinations of the accounting firm made hereunder shall be final, binding and conclusive upon the Company and Executive.

  • 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.