Continuing Payment Sample Clauses

Continuing Payment. An amount equal to 24 months of Executive’s then Base Salary, payable over such period, including any applicable bonuses and welfare benefits. The payments provided hereunder shall be in addition to any other payments to which the Executive or his estate would be entitled such as pension benefits and life insurance proceeds; plus
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Continuing Payment. (a) Until the first to occur of (a) a sale by HWG of its interests in Hallwood Commercial Real Estate, LLC ("HCRE") and Hallwood Realty, LLC ("HRC") or (b) the exercise of the option pursuant to Section 6.6 of this Agreement, HWG will pay (the "Section 5.1 Payment") to Epsilon, within 30 days after the end of each fiscal quarter ending after the Closing Date, the lesser of (x) 20% of the Net Cash Flow of the Hallwood Group Realty Segment for the preceding quarter, or (y) the sum of $125,000.
Sample 1
Continuing Payment. Until such time as Landlord shall elect to terminate this Lease and shall thereupon be entitled to recover the amounts specified in such case by this Article, Tenant shall pay to Landlord upon demand the full amount of all Rent under this Lease and other sums reserved in this Lease for the remaining Term, together with the costs of repairs, alterations, additions, redecorating and Landlord's expenses of reletting and the collection of the rent accruing therefrom (including attorney's fees and broker's commissions), as the same shall then be due or become due from time to time, less only such consideration as Landlord may have received from any reletting of the Premises; and Xxxxxx agrees that Landlord may file suits from time to time to recover any sums falling due under this Article as they become due. Any proceeds of reletting by Landlord in excess of the amount then owed by Tenant to Landlord from time to time shall be credited against Xxxxxx's future obligations under this Lease but shall not otherwise be refunded to Tenant or inure to Xxxxxx's benefit.
Sample 1

Related to Continuing Payment

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Closing Payment At the Closing, Buyer will pay or cause to be paid to Seller the Closing Payment Amount, by wire transfer of immediately available funds or by such other means as may be agreed upon by Seller and Buyer.

  • Post-Closing Payment Payment to Shareholder of his portion of the Post-Closing Payment shall be made in the same manner as payments under the Additional Short-Term Note.

  • Closing Payments At the Closing, Parent shall pay or cause to be paid the following amounts by wire transfers of immediately available funds:

  • Post-Closing Payments (a) On the first anniversary of the Closing Date, Buyer will pay to Seller or, to the extent designated by Seller in writing and in accordance with Section 3.11, to the Members in accordance with their respective Pro Rata Percentages, the remaining 33.33% of the Closing Cash Consideration, as finally determined in accordance with Section 3.4 (the “Deferred Cash Payment”), via wire transfer to the Seller’s Bank Account or the Member Bank Accounts, as applicable.

  • Retention Payment 6.4.1 There are two situations in which an employee may be eligible to receive a retention payment. These are total facility closures and relocation of work units.

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Cash Severance Payment Executive shall receive a lump sum payment in an amount equal to twelve (12) months of Executive's base salary (less applicable withholding), paid within five (5) business days after the conclusion of the transition period (or after the termination date if there is no transition period requested by the Company).

  • Lump Sum Severance Payment Payment of a lump sum amount equal to twelve (12) months of Executive’s then-current Base Salary plus the Pro Rated Bonus, less all customary and required taxes and employment-related deductions, paid on the first payroll date following the date on which the Release required by Paragraph 4(g) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employment.

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