Subsequent Payment Clause Samples

Subsequent Payment. 1. If you stop working at Sanquin before the reclassification process for your job has been completed, you are entitled to a supplementary payment. This concerns the period from the moment your job description is determined until the end of your employment. 2. You will receive the difference in payment between your previous salary and the salary you would have received after reclassification as a supplementary payment. Your salary also includes all allowances that are derived from your gross monthly salary. 3. If you and Sanquin agreed on a termination agreement with ‘final discharge’ upon termination of your employment? Then it must be clear to both parties that the right to subsequent payment lapses.

Subsequent Payment. As further consideration for the Option, the Optionee hereby agrees to pay to the Optionor, on January 1, 2023, the sum of Forty Thousand Dollars ($40,000) (the “Second Option Payment”), by cash or wire transfer to an account designated in writing by the Optionor. In the event the Second Option Payment is not made by January 1, 2023, then the Optionee shall have thirty (30) days from receipt of written notice from the Optionor that the Second Option Payment is due and owing. The Second Option Payment shall be nonrefundable to the Optionee except in the event the Optionor fails to consummate the Closing for any reason (other than due to a default by the Optionee or failure to obtain any Regulatory Approvals).

Subsequent Payment. WRP will charge and collect a the remaining 50% of the Accommodation fee and of any other costs, fees, or Taxes specified on the Listing or your Booking confirmation within thirty (30) days from commencement of your Accommodation Period as specified on your Booking confirmation.

Subsequent Payment. Baxter shall pay to Cerus the amount of [ * ] Dollars ($[ * ] ) at the time of the next [ * ] , which shall occur not later than [ * ] . In connection with such payment, BHC represents to Cerus that no payments have been made by BHC to BCC respecting Revenue Sharing Payments (as defined in the Platelet Agreement) due to Cerus with respect to Platelet System sales in the fourth quarter of 2004 (or the first quarter of 2005), any rights to Revenue Sharing payments now reverting to Cerus. EXECUTION 2 RESTRUCTURING AND SETTLEMENT AGREEMENT [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

Subsequent Payment. If a binding agreement pertaining to the sale of control of ARM to a third party is executed at any time during the two calendar years commencing after the Closing Date, and is subsequently closed, ARM shall pay General American the sum of five million dollars ($5,000,000) concurrent with the closing of the sale.

Subsequent Payment. 8 2.7 Legend . . . . . . . . . . . . . . . . . . . . 8

Subsequent Payment. On the date that is six (6) months from the Closing Date, Buyer shall effect a payment to the Sellers in an amount equal to Sixteen Million Yuan Renminbi (16,000,000 Yuan RMB) (the “Subsequent Payment”), which is equal to twenty percent (20%) of the Purchase Price; provided that, however, the Subsequent Payment shall be subject to set-off from undiscovered inventory defects or descriptions in accordance with this Section 1.4(c). During the six (6) month period after the Closing Date, Buyer shall verify whether the Inventory list, as previously provided to Buyer by Sellers, is accurate and whether any items on the Inventory list is defective. For purposes of this Section 1.4(c), defective inventory shall means any item of Inventory agreed upon and identified by Buyer and Sellers as damaged or defective or otherwise not salable in the ordinary course because it is dented, worn, scratched, broken, broken sets, faded, mismatched, or merchandise affected by other similar defects rendering it not first quality. 2. Section 2.6, “Deliveries at the Closing by Sellers,” and Section 2.7, “Deliveries at the Closing by Buyer,” shall be amended in accordance with the following: (a) Seller Principal and Fuqi International, Inc., Buyer’s parent corporation, shall execute an Employment Agreement at or within ten (10) calendar days after the Closing Date in substantially the form attached hereto as Exhibit A-1. (b) Seller Principal and Fuqi International, Inc., further to the Intellectual Property Transfer Agreement, shall execute an Escrow Agreement at or within ten (10) calendar days after the Closing Date in substantially the form attached hereto as Exhibit A-2. 3. Except as amended herein, the Agreement shall remain in full force and effect. 4. This Amendment may be executed in any number of facsimile counterparts, each of which shall be an original, but which together constitute one and the same instrument. This Amendment may be executed and delivered by facsimile.

Subsequent Payment. On the License Termination Date, or on the date that Seller [***] the [***] License, whichever occurs earlier, Seller will [***] Purchaser in writing regarding whether or not Seller [***] the [***] License in accordance with the terms and conditions of [***] (“License Notice”), and such [***] will [***] the Licensee. If Seller has [***] the [***] License and the Licensee is [***], no other payments (except as set forth in subparagraph 3.4(a) above) shall be due to Seller by Purchaser. If Seller has [***] the [***][***] with [***] prior to the License Termination Date, as confirmed in the License Notice, and Purchaser thereafter licenses [***] under the Patents within one hundred and twenty (120) days after the Closing, then Purchaser shall pay to Seller the [***] of [***] by wire transfer within five (5) business days after Purchaser has [***] under the Patents with [***]. Purchaser agrees that it will [***] with [***] and [***] to [***] a license agreement with [***] during the one hundred and twenty (120) day period. Purchaser will notify Seller in writing within five (5) days after Purchaser [***] into a [***] with [***] during such period.

Subsequent Payment. Within sixty (60) days after the Effective Date, the Company shall deliver or cause to be delivered, by means of wire transfer to the account specified in the instructions provided by the Holder to the Company on the date hereof, the balance of the Purchase Price, an amount equal to fifty thousand dollars ($50,000.00) (the “Subsequent Payment”). In the event that the Holder does not receive the Subsequent Payment within sixty (60) days after the Effective Date, the Company knowingly, voluntarily and intentionally confesses judgment in favor of the Holder against the Company in any proceeding or action to recover the Subsequent Payment brought by the Holder in any court with jurisdiction over the Agreement. In so doing, the Company expressly (i) waives issuance and service of process, (ii) agrees that it its failure to satisfy its indebtedness to Holder by the sixtieth day after the Effective Date constitutes a breach of the Agreement, and (iii) agrees not to contest the entry of a judgement in any such proceeding or action brought by the Holder for (a) the Subsequent Payment, (b) interest accruing at the highest rate allowable under the law from the date immediately following the Effective Date through the date on which the Company fully satisfies such judgment, and (iii) the Holder’s attorney fees and costs incurred in connection with any action or proceeding to enforce the Agreement.