Additional Cash Payments. You will receive release payments in the total amount of $550,000, less applicable taxes and deductions, payable in four equal installments on each of March 31, 2019, June 30, 2019, September 30, 2019, and December 31, 2019. These release payments will be paid 80% by FVE and 20% by RMR.
Additional Cash Payments. No later than ten (10) Business Days after the Settlement Effective Date, Reliant shall pay the cash amounts set forth in sub-sections (i) through (iii) of this Section 4.2.6:
(i) $131,503,955 by wire transfer, from funds other than the Reliant Receivables, into an interest bearing escrow account designated as the Reliant Refund Escrow; and
(ii) $3,500,0000 by wire transfer, from funds other than the Reliant Receivables, to the Oregon Attorney General, which shall be deposited into the Department of Justice Client Trust Account established pursuant to ORS 180.200, for distribution from that account by the Oregon Attorney General as provided by law for such funds; and
(iii) $3,500,0000 by wire transfer, from funds other than the Reliant Receivables, to the Washington Attorney General, which shall be used for the direct or indirect benefit of energy consumers in the State of Washington at the sole discretion of the Washington Attorney General. Up to twelve percent (12%) of the total amount transferred to the Washington Attorney General may be used to pay for costs, attorneys' fees and administrative expenses incurred by the Washington Attorney General in its investigation and settlement negotiations, including costs, attorneys' fees, and administrative expenses related to implementation of this Agreement.
Additional Cash Payments. (a) Within 10 days of the Effective Time and in consideration for Executive accepting the terms of the attached Noncompetition and Nonsolicitation Agreement and the amendments to the Executive Agreements, the Executive shall receive a cash payment of $75 million.
(b) Notwithstanding anything in the Executive Agreements to the contrary, in the event that any of the payments or benefits provided under this Agreement or the Executive Agreements result in Executive being subject to the golden parachute excise tax imposed by Section 4999 of the Internal Revenue Code, the Company shall make such additional payment as will make executive whole for such tax obligation, as set forth in Appendix B, which is incorporated herein by reference.
Additional Cash Payments. While you remain employed hereunder, you shall be entitled to receive the following cash payments on or about the following dates: (i) January 2, 2015, $300,000; (ii) January 2, 2016, $175,000; and (iii) January 2, 2017, $175,000; provided, however, that in the event of a termination of the Employment Term due to your death or incapacity, without cause or by you for good reason, any unpaid Additional Cash Payments shall be paid to you as promptly as practicable following such termination of the Employment Term and in no event later than 30 days following such termination. The Additional Cash Payments shall be made in accordance with Studio’s applicable payroll practices.
Additional Cash Payments. No amounts may be withdrawn from the Settlement Fund unless expressly authorized by this Agreement and/or approved by the Court.
Additional Cash Payments. In further consideration for Employee's execution of this Agreement and his agreements described herein (including without limitation his agreements under Paragraph 8 below), Employer agrees to make the following additional payments to Employee.
(i) Immediately prior to consummation of the Merger on the Merger Date, Employer will pay to Employee the sum of FIFTY THOUSAND AND NO/00s DOLLARS ($50,000.00) (the "Initial Bonus"). Except as described in Paragraph 7(f)(iv) below in the case of a termination of Employee's employment "without Cause," Employee shall have no right to receive the Initial Bonus if Employee's employment is terminated, voluntarily or involuntarily, for any reason prior to consummation of the Merger. Likewise, Employee shall have no right to receive the Initial Bonus if this Agreement terminates in the manner described in Paragraph 7(a) below.
(ii) If Employee remains employed by Employer at the close of business on the Expiration Date, then, at that time, Employer shall pay to Employee the sum of ONE HUNDRED THOUSAND AND NO/00s DOLLARS ($100,000.00) (the "Additional Bonus"). Except as described in Paragraph 7(f)(iv) below in the case of a termination of Employee's employment "without Cause," Employee shall have no right to receive the Additional Bonus if Employee's employment is terminated, voluntarily or involuntarily, for any reason prior to the Expiration Date. Likewise, Employee shall have no right to receive the Additional Bonus if this Agreement terminates in the manner described in Paragraph 7(a) below.
Additional Cash Payments. In addition to the Closing Cash Payment, after the Closing, the Buyer shall pay in cash to the Seller a total of $5,000,000, payable in four equal installments of $1,250,000 on or before the date that is six months after the Closing Date, the first anniversary of the Closing Date, the date that is six months after the first anniversary of the Closing Date and the second anniversary of the Closing Date (collectively, the "Additional Cash Payments").
Additional Cash Payments. In addition to the Closing Cash Payment above, Purchaser will, subject to the below, pay the following Additional Cash Payments to the Founders for the shares acquired from the Founders pursuant to Section 1.3(a)(i) above:
Additional Cash Payments. Licensee shall have the option to open four (4) additional Offices each with the consultation and consent of Licensor, and each such consent shall not be unreasonably withheld. Licensee shall pay to Licensor fees in the amount of Twenty-Five Thousand Dollars ($25,000) upon request by Licensee for Products and Services from DreamHome with respect to each of the additional four (4) Offices to be paid as upon request by Licensee for Services and Products hereunder.
Additional Cash Payments. Within 14 days following the Release Date, the Company will pay Executive $1,375,000, which consists of (x) a payment of $500,000, representing the 3rd and final installment of Executive’s signing bonus, plus (y) a payment of $875,000, representing the agreed termination payment in the event of Executive’s departure prior to March 15, 2021, as set forth in Executive’s offer of employment.
