Anniversary Payment Sample Clauses

Anniversary Payment. The employee shall, on the anniversary of their birth (birthday), be paid the net lump sum of the equivalent of one days salary.
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Anniversary Payment. OV shall pay R-Pharm a non-refundable, non-creditable fee equal to two hundred fifty thousand dollars ($250,000.00), which shall be paid by OV to R-Pharm on or before March 1, 2020.
Sample 1
Anniversary Payment. Not later than 90 days after the first anniversary of the Closing Date, SDRC shall calculate the Anniversary Payment and shall remit the net amount thereof to Seller together with a written statement setting forth the calculation of such net amount, including a detailed explanation of the relevant product sales and of any setoffs or other adjustments thereto. Within 60 days after receipt of the Anniversary Payment from SDRC, Seller shall be permitted to conduct a review of the Anniversary Payment and SDRC's working papers used to determine the amount of the Anniversary Payment in accordance with GAAP. If Seller and SDRC disagree as to the correct amount of the Anniversary Payment, the matter shall be submitted to a nationally recognized firm of independent accountants agreed upon by the parties. The independent accountants shall then have 30 days in which to determine the correct Anniversary Payment, and such determination shall be final and binding on both parties. The costs of such independent accountants shall be borne equally by SDRC and the Seller.
Sample 1
Anniversary Payment. In the case of uninterrupted employment of 12.5, 25, or 40 years in the service of the employer or his legal predecessors, the employee is entitled to an anniversary payment. The level of the payment is: – In the case of 12.5 years of employment: 0.25 times the gross monthly income paid gross; – In the case of 25 years of employment: 1 times the gross monthly income paid net; – In the case of 40 years of employment: 1 times the gross monthly income paid net.
Sample 1
Anniversary Payment. On the first anniversary of the Closing Date, Buyer shall deliver to Company the sum equal to $1,500,000, without interest (the "Anniversary Payment"). 8. All references in the Purchase Agreement to Sections 3.6.(a) and 3.6.(d) shall hereafter be deleted and all references in the Purchase Agreement to Sections 3.6.(b), 3.6.(c) and 3.6.(e) shall hereafter be to Sections 3.6.(a), 3.6.(b) and 3.6.(c), respectively.
Sample 1
Anniversary Payment. AMAG shall make a one-time, non-refundable, non-creditable payment to Endoceutics of ten million Dollars ($10,000,000) on the date that is one (1) year after the Effective Date.
Sample 1
Anniversary Payment. On the first anniversary of the Closing Date, Buyer shall deliver to Company the sum equal to $1,500,000 less the amount, if any, by which the Company Revenues Difference is greater than $1,500,000, without interest (the "Anniversary Payment").
Sample 1
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Anniversary Payment. Within [ *** ] of the one-year anniversary date of the Effective Date, subject to the receipt of a corresponding invoice, INNX shall pay to GCOR via wire transfer in immediately available funds a one-time, lump sum, non-refundable, non-creditable payment of [ *** ].
Sample 1
Anniversary Payment. Payment in a single lump sum within thirty (30) days following the Date of Separation from Service, a pro-rata portion of the Anniversary Bonus for the year in which the Date of Separation from Service occurs, calculated from the first day of such year up to the Date of Separation from Service.
Sample 1

Related to Anniversary Payment

  • Anniversary Fee A fully earned, non-refundable fee of $37,500, on the first anniversary of the Effective Date; and

  • Salary Payment In consideration of Executive’s timely execution and non-revocation of the Release by the Release Deadline Date, the Company shall pay Executive a severance payment equal to Executive’s Monthly Base Salary multiplied by the number of months in the Covered Termination Severance Period, less applicable withholdings. The severance payment shall be payable (except as set forth in Article 5) in a lump sum on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

  • Anniversary Date A regular employee’s initial date of current employment with the Employer as a regular employee shall be her anniversary date for the purpose of determining benefits and for the purpose of determining increment anniversary date. (Reference Article 6.05 - Superior Benefits and Article 12.03 - Increments).

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

  • Salary Payments Salaries shall be paid fortnightly by direct credit to the employee’s nominated bank account except that individual employees may on religious or ethical grounds apply in writing to the Secretary for Education to be paid by cheque.

  • Date Increment Due Increments shall accrue and become due and payable on the next day following completion of required service as an employee in the class, unless otherwise provided herein.

  • Payment Due Date Unless City notifies the Contractor that a dispute exists, Payment shall be made within [Enter number of days, generally ≥ 30] calendar days, measured from (1) the delivery of goods and/or the rendering of services or (2) the date of receipt of the invoice, whichever is later. Payment is deemed to be made on the date on which City has issued a check to Contractor or, if Contractor has agreed to electronic payment, the date on which City has posted electronic payment to Contractor.

  • Anniversary Dates Except as may otherwise be provided for in deep class resolutions, anniversary dates will be set as follows:

  • Interim payment At the end of each of the periods indicated in Annex I the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents which are provided for in the Special Conditions: ➢ an interim technical report in accordance with the instructions laid down in Xxxxx X; ➢ the relevant invoices indicating the reference number of the Contract and of the order or specific contract to which they refer;

  • Lump Sum Payments The retiring allowance shall be paid in annual instalments, to a maximum of three

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