Second Installment Sample Clauses
The 'Second Installment' clause defines the terms and conditions under which the second payment in a series is to be made under a contract. Typically, this clause specifies the amount or percentage due, the timing or milestone that triggers the payment (such as completion of a project phase), and any requirements that must be met before the installment is released. By clearly outlining these details, the clause ensures both parties understand when and how the second payment will occur, reducing the risk of disputes and providing a structured payment schedule.
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Second Installment. In the event that the Executive ------------------ shall have been employed continuously by the Company during the period from the date of this Agreement through the second annual anniversary of the Effective Date, then the Company shall pay the Executive on the second annual anniversary of the Effective Date an amount equal to 47% of the Executive's weighted average base salary during the 18 month period ending on such second annual anniversary.
Second Installment. Commencing on the first anniversary of the Option Date, the Option may be fully exercised to the extent that it has not previously been exercised. Notwithstanding the foregoing, upon a Change of Control as defined in the 1997 Stock Option Plan for Non-Employee Directors, Optionee shall have the right to exercise the Option in full as to all Option Shares.
Second Installment. Commencing on the first anniversary of the Option Date, Optionee may exercise the Option for 66 2/3 percent of the number of Option Shares, less the number of Option Shares for which the Optionee has already exercised the Option.
Second Installment. An amount sufficient to increase payment to 35% of the fixed fee, upon acceptance and approval of the design development documents by the Owner.
Second Installment. Within three business days after the Closing Date, the Acquirer shall make a deposit of RMB ******, of which RMB ****** shall be paid in the form of a contribution to the Registered Capital of Newco. The first and second installments shall together equal ****** of the Acquisition Consideration.
Second Installment. The Second Installment amounting to Ninety ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (15%, US$ 91,105,500) shall be due and payable within three (3) banking days six months after the Effective Date of the Contract upon receipt of the BUILDER’s invoice therefore.
Second Installment. The second installment of the Fee shall be paid (the "Payment Date") on the earlier of (x) the effective date of the Registration Statement registering the shares underlying this Agreement or (y) six (6) months after the date of this Agreement and the number of shares to be delivered to the Investor shall be equal to the quotient of $200,000 divided by the Closing Bid Price on the Payment Date.
Second Installment. Commencing on the first anniversary of the Option Date, the Option may be fully exercised to the extent that it has not previously been exercised.] [Alternative vesting schedule]
Second Installment. The second installment of the Purchase Price (the “Second Installment”) shall be the balance of the Purchase Price, reflecting Actual NCVcp. Buyer shall pay the Second Installment within five (5) Working Days following receipt from Seller of a properly documented invoice therefor, which invoice shall be valid when Buyer has received each of the following with respect to the FOB Shipment that is the subject of the invoice:
(1) all documentation identified in Section 9(c)(i);
(2) upon request by Buyer with reasonable advance notice, required documentation to demonstrate compliance with the GGL Certification or control standard; and
(3) the Quality Analysis Certificate.
Second Installment. The Second Installment amounting to Eleven Millions Four Hundred Ninety Six Thousand United States Dollars (US$ 11,496,000) shall be due and payable on the date after Fourteen (14) calendar months and Eight (8) days after signing this Contract.