Common use of Service Payment Clause in Contracts

Service Payment. For providing services to the Company following the Sale, the Executive shall receive a lump sum cash payment in the amount of $71,842.59 (the “Service Payment”). The Service Payment will be paid to the Executive as soon as practicable following the beginning of the Term, but in no event later than thirty (30) days following the beginning of the Term.

Appears in 1 contract

Sources: Employment Agreement (Cloud Peak Energy Inc.)

Service Payment. For providing services to the Company following the Sale, the Executive shall receive a lump sum cash payment in the amount of $71,842.59 77,463.77 (the “Service Payment”). The Service Payment will be paid to the Executive as soon as practicable following the beginning of the Term, but in no event later than thirty (30) days following the beginning of the Term.

Appears in 1 contract

Sources: Employment Agreement (Cloud Peak Energy Inc.)

Service Payment. For providing services to the Company following the Sale, the Executive shall receive a lump sum cash payment in the amount of $71,842.59 65,213.77 (the “Service Payment”). The Service Payment will be paid to the Executive as soon as practicable following the beginning of the Term, but in no event later than thirty (30) days following the beginning of the Term.

Appears in 1 contract

Sources: Employment Agreement (Cloud Peak Energy Inc.)