Business Incentive Sample Clauses

Business Incentive. Grantor shall pay Recipient $1,565,000.00 U.S. Dollars in the form of a forgivable loan, without interest, the terms of which are contained in the promissory note attached hereto as Exhibit C (hereinafter “Business Incentive”). The Business Incentive will be disbursed to Recipient, subject to the conditions of this Agreement, and provided that Recipient has met and fully satisfied the following requirements: (i) This Agreement, the promissory note attached as Exhibit C, and the mortgage attached as Exhibit D, have been duly-executed by an authorized representative of Recipient; and (ii) Recipient has satisfied the Conditions Precedent set forth in Section 3.2 of this Agreement. For purposes of this Agreement, the date the funds are disbursed by Grantor to Recipient shall be referred to as the Benefit Date. The Business Incentive shall be repaid to Grantor, in five (5) installments, without interest, as follows but subject, however, to the provisions of Section 3.6 (hereinafter “Business Incentive Repayment”): September 30, 2023 $313,000 September 30, 2024 $313,000 September 30, 2025 $313,000 September 30, 2026 $313,000 September 30, 2027 $313,000 IN WITNESS WHEREOF, the Parties hereto have executed this Amendment to the BIA effective as of the Amendment Effective Date. Dated: , 20 . LPND1, LLC Xxxxxx Xxxxxx, President STATE OF NORTH DAKOTA ) COUNTY OF ) On this day of , 2022, before me personally appeared , known to me to be the person who is described in, and who executed the within and foregoing instrument and who acknowledged to me that he executed the same.
Sample 1
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Business Incentive. Grantor shall pay Recipient $1,565,000.00 U.S. Dollars in the form of a forgivable loan, without interest, the terms of which are contained in the promissory note attached hereto as Exhibit C (hereinafter “Business Incentive”). The Business Incentive will be disbursed to Recipient, subject to the conditions of this Agreement, and provided that Recipient has met and fully satisfied the following requirements: (i) This Agreement, the promissory note attached as Exhibit C, and the mortgage attached as Exhibit D, have been duly-executed by an authorized representative of Recipient; and (ii) Recipient has satisfied the Conditions Precedent set forth in Section 3.2 of this Agreement. For purposes of this Agreement, the date the funds are disbursed by Grantor to Recipient shall be referred to as the Benefit Date. The Business Incentive shall be repaid to Grantor, in ten five (510) installments, without interest, as follows but subject, however, to the provisions of Section 3.6 (hereinafter “Business Incentive Repayment”): December March 31, 2022 $156,500313,000 December March 31, 2023 $156,500313,000 December March 31, 2024 $156,500313,000 December March 31, 2025 $156,500313,000 December March 31, 2026 $156,500313,000 December 31, 2027 $156,500 December 31, 2028 $156,500 December 31, 2029 $156,500 December 31, 2030 $156,500 December 31, 2031 $156,500
Sample 1
Business Incentive. The project line items shall be completed in the order set forth above. Project construction shall commence as soon as funds are available in the Special Allocation Fund and the projects shall be completed no later than January 2031. As noted in Exhibit D-2, Company could fund the Project Improvement sooner through private investment or other funding method; however, reimbursement from TIF Revenue would not occur until after project line items 1-4 above have been funded/reimbursed pursuant to Sections 20 and 21. 1. Exterior repairs and renovation, tuck pointing rear wall 2. Marquee reconstruction 3. HVAC 4. Electrical 5. Plumbing 6. Interior renovations 7. Seating and fixtures 8. Sound/lighting/projection 9. Design & engineering Project Improvements shall commence as funds become available in the Special Allocation Fund or as soon as possible through other funding methods (See Sections 20 and 21) January 2031 The dates in this Redevelopment Schedule may be modified by the parties as provided in Section 7.B. In no event shall Company sell, lease or permit occupancy of any portion of the Redevelopment Project Area for any of the following uses except by approval of the City Council:
Sample 1
Business Incentive. The project line items shall be completed in the order set forth above. Project construction shall commence as soon as funds are available in the Special Allocation Fund and the projects shall be completed no later than January 2031. As noted in Exhibit D-2, Company could fund the Project Improvement sooner through private investment or other funding method; however, reimbursement from TIF Revenue would not occur until after project line items 1-4 above have been funded/reimbursed pursuant to Sections 20 and 21. 1. Backflow Preventer 2. Roof Replacement and Structural Reinforcements 3. Parking Lot 4. 2nd Floor Remodel and replacement of Auditorium Carpet Project Improvements 1-4 shall commence as funds become available in the Special Allocation Fund or as soon as possible through other funding methods (See Sections 20 and 21) January 2031
Sample 1

Related to Business Incentive

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Performance Incentive 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • Education Incentive A. The following monthly education incentive pay will be paid to each employee upon completing the listed degree and providing proof of completion to the Agency. Associate Degree Two percent (2%) Bachelor Degree Four percent (4%) B. The above percentages will be based upon the employee’s base rate of pay. C. An employee will be entitled to one (1) education incentive pay only. D. Degrees must be from an accredited institution of higher education.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

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