Buyout Payment. Upon a Buyout Termination pursuant to this Section 12, the Executive shall be entitled to:
Buyout Payment. Upon a Buyout Termination pursuant to this Section 7, the Executive shall be entitled to all earned but unpaid Base Salary and all accrued but unpaid benefits provided under this Agreement or pursuant to any Company plan or program. In addition to the foregoing, the Company shall pay the Executive a Buyout Payment in an amount equal to twelve (12) months of Executive’s Base Salary in effect at the time of the Buyout Payment. One hundred percent (100%) of the foregoing payment shall be made by the Company to the Executive in a lump sum once the Company receives all funds owed it under the Change in Control, and upon satisfaction of the conditions set forth in Section 8.3.
Buyout Payment. To the extent permitted by the Governing Athletics Rules and the University Rules, ICAA agrees to be responsible for a portion of the buyout obligation under Coach’s previous employment agreement with Coach’s previous institution, in an amount not to exceed $75,000.00 (the “Institutional Buyout Payment”). If Coach terminates this Agreement at any time prior to June 30, 2025, Coach will be responsible for the repayment of the Institutional Buyout Payment to ICAA. ICAA acknowledges that a necessary element of inducing Coach to accept employment with ICAA is ICAA’s commitment to pay the Institutional Buyout Payment that Coach would incur as a result of terminating Coach’s contract with Coach’s previous institution and commencing employment with ICAA. ICAA has authorized Coach’s reimbursement for the payment of this Institutional Buyout Payment under its accountable plan (as described in section 1.62- 2 of the Treasury regulations) and will pay said sum directly to Coach’s previous institution. ICAA will treat the payment of this Institutional Buyout Payment as a reimbursement to Coach. ICAA has authorized this amount to be paid as Coach’s reimbursable employee business expense and does not consider it compensation. ICAA acknowledges that payment of the Institutional Buyout Payment was necessary to obtain Coach’s services, and therefore substantially benefits ICAA. Further, ICAA has determined that the requirements of its accountable plan have or will be satisfied with respect to this expense. Coach acknowledges that Coach has not and will not be reimbursed for this expense from any other source. Additionally, Coach acknowledges that Coach will not take an income tax deduction for this expense on Coach’s personal income tax return.
Buyout Payment. To the extent permitted by applicable law and the University Rules, WSU agrees to be responsible for the lesser of (a) Athletic Director’s obligation under his previous employment agreement with his current institution in an amount not to exceed $100,000.00, or (b) a lesser amount negotiated by and between Athletic Director and his current institution (the “Buyout Payment”). WSU shall pay the Buyout Payment directly to Athletic Director’s current institution. WSU shall pay to Athletic Director an amount equal to any tax liability incurred by Athletic Director due to the payment of the Buyout Payment to Athletic Director’s current institution. Notwithstanding the foregoing, WSU shall not be liable for any penalties, interest, fines, late fees, etc. that Athletic Director may incur as a result of the Buyout Payment. Should Athletic Director terminate this Agreement at any time prior to June 30, 2025, Athletic Director shall be responsible for repayment of the Buyout Payment to WSU. Repayment of the Buyout Payment by Athletic Director shall be made before the last day of the month following the month in which Athletic Director terminated this Agreement (e.g., if the Agreement is terminated by Athletic Director on October 15, then the Buyout Payment would be due on or before November 30).
Buyout Payment. At any point in time after the Effective Date, BeHealth shall be entitled to make a one-time lump sum payment to UVA LVG of one million dollars (U.S. $1,000,000) in exchange for a perpetual royalty free license in the Field to all Licensed Rights covered by this Agreement at the time of payment. If BeHealth makes this payment, then no sublicensing fees based on Sublicensing Revenue shall be owed under this Agreement.
Buyout Payment. CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND WILL BE FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A CONFIDENTIAL TREATMENT REQUEST.
Buyout Payment. Upon a Buyout Termination pursuant to this Section 7, the Executive shall be entitled to all accrued but unpaid compensation, benefits, bonus, or otherwise provided under this Agreement or pursuant to any Company plan or program, and, in addition to the foregoing, the Company shall pay the Executive a buyout payment in an amount equal to the greater of (a) Five Hundred Thousand Dollars ($500,000.00); or (b) if applicable, 1% of the sale price of the stock or assets of the Company, as applicable, calculated as follows: 1% of [sale price - (long-term debt + $30,000,000.00)] (the “Buyout Payment”). Unless otherwise provided for in this Agreement, the Executive’s rights upon a Change in Control to benefits under programs, plans and policies of the Company shall be determined according to the terms and conditions of such programs, plans and policies. All other non-compensation terms and conditions of this Agreement shall remain in full force and effect.
Buyout Payment. Notwithstanding Section 3.1 or Section 3.2(a) and (b), Buyer shall have the option of paying the Buyout Payment, as defined below, prior to the one year anniversary of the Closing Date. If Buyer shall elect to make the Buyout Payment, such Buyout Payment shall be deemed to be the “Consideration” for purposes of this Agreement, and Buyer shall have no further obligation to make any Contingent Payment or the Additional Contingent Payment to Seller. The Buyout Payment shall be calculated as follows:
Buyout Payment. Upon the earlier of (i) Closing, (ii) the termination of this Agreement and (iii) June 1, 1998, Buyer agrees to pay Sellers an amount equal to Fifty Thousand Dollars ($50,000) (the "Buyout Payment") by wire transfer of immediately available funds to such bank or other financial institution as shall be designated by Sellers in consideration of Sellers' lost revenue in respect of Sellers' existing national and local advertising contracts which would have run on the Station after the date hereof.
Buyout Payment. The Buyout Payment.
