Amount and Form a. In the case of Paragraph 2(b)(1) a single lump sum payment equal to one (1) week of pay at the Employee’s Vacation Rate of Pay for each year of Continuous Service or portion thereof.
Amount and Form. To secure the construction and installation of the Improvements, Developer shall provide a financial guarantee in the form of a letter of credit in an amount equal to 110% of the total Improvement cost for each Phase (each, an “Improvement Guarantee”). Each Improvement Guarantee shall be evidenced by a “Performance Agreement” to be entered into between Town and Developer.
Amount and Form a. Except as otherwise provided under Paragraphs 4(b) and 4(c), an eligible Employee shall receive a single lump sum payment equal to one (1) week of pay at the Employee’s Vacation Rate of Pay for each year of Continuous Service or portion thereof, up to a maximum of eight (8) weeks.
Amount and Form. To secure the construction and installation of the Improvements, Developer shall provide a letter of credit or cash in an amount equal to 115% of the total costs listed in Exhibit B (the "Improvement Guarantee"). The Improvement Guarantee may be split into two, one for the Landscape Improvements (the "Landscape Performance Guarantee"), and one for the General Improvements (the "General Performance Guarantee").
Amount and Form. Developer’s obligations under this Agreement shall be secured by a FIFTY THOUSAND DOLLARS ($50,000) cash security deposit (the “Security Deposit”), which shall be deposited into an escrow account (“Escrow”) with the Title Company (“Escrow Agent”) as follows: (i) TEN THOUSAND DOLLARS ($10,000) on execution of this Agreement; and (ii) FORTY THOUSAND DOLLARS ($40,000) within thirty (30) days of Developer’s receipt of the six (6) months’ Notice of Completion referenced in Section 3.4. Concurrently with Developer's payment of any portion of the Security Deposit into Escrow, the Parties shall execute, deliver and cause the Escrow Agent to countersign, the Escrow Agreement containing escrow instructions in substantially the form approved by both Parties. The Parties acknowledge and agree that any unapplied Security Deposit shall be credited against the security deposit required under the Ground Lease.
Amount and Form. If the Executive retires or his employment otherwise ends on or after the Expiration Date for any reason (including death), he shall be entitled to a supplemental pension in an annual amount of twenty-five (25) percent of his then Salary continuing for his life (or for ten years, if longer). If the Executive retires or his employment ends prior to the Expiration Date for any reason (including death), he shall be entitled to an annual supplemental pension in the amount of twenty-five (25) percent of his then Salary continuing for his life (or for ten years, if longer); provided, that the applicable percentage shall be reduced by two (2) percentage points for each
Amount and Form. If the Executive retires or his employment otherwise ends on or after the third (3rd) anniversary of the Effective Date for any reason (including death), he shall be entitled to a supplemental pension in an annual amount of twenty-five (25) percent of his then Salary continuing for his life (or for ten years, if longer). If the Executive retires or his employment ends prior to the third (3rd) anniversary of the Effective Date for any reason (including death), he shall be entitled to an annual supplemental pension in the amount of twenty-five (25) percent of his then Salary continuing for his life (or for ten years, if longer); provided, that the applicable percentage shall be reduced by two (2) percentage points for each full and part of a year by which his period of service subsequent to the Effective Date totals less than three years (e.g., from 25% to 23% if he retires after two years of further service). The supplemental pension described in this subsection shall be paid to the Executive (or his estate, in the event of his death) either (i) in a single lump sum of equivalent value paid within thirty (30) days following the Executive's termination or (ii) in a series of equal consecutive monthly installments beginning within thirty (30) days following the Executive's termination (with the last such installment paid for the month in which the Executive dies, or if later on completion of ten years of payments). The Executive may elect the form of distribution (as between (i) and (ii) above) at any time prior to his termination and change any prior election by notice to the Company given in accordance with this Agreement, but only the most recent such election given at least sixty (60) days prior to his termination and prior to the calendar year payment would otherwise by made or begin shall be given effect. "Equivalent value" for this purpose means a lump sum of actuarial equivalent value based on the interest and mortality assumptions required under Section 417 of the Code for valuing lump sum distributions of annuities due under tax-qualified pension plans as of the date payment of this supplemental pension will begin.
Amount and Form. The Company will distribute to Executive (or, in the case of the Employee's death, to his estate) the vested balance of the Account in a lump sum determined pursuant to Section 3 hereof. The balance of the Account as of any date shall equal the amounts theretofore credited to such Account, including any interest credited pursuant to Section 1 as of such date.
Amount and Form. The aggregate consideration (the "Consideration") for the acquisition of the Purchased Assets shall consist of the Purchase Price (subject to adjustment as provided herein) and the assumption of the Assumed Contracts (to the extent assigned in accordance with Article II above) and the assumption of the Assumed Liabilities. Subject to Section 8.2(b) hereof and subject to adjustment as provided in this Article III, the "Purchase Price" shall consist of, and be payable to the Company at Closing, as follows:
