Continuing Payments. In the event any of the events described in this Section 6 should occur during the term of this Agreement, and result in payments to the Executive which would in their normal course continue beyond the term of this Agreement, such payments shall be made at such times and in such amounts as if the term of this Agreement had not expired.
Continuing Payments. Tenant shall pay Landlord the sum of $3,216,816.40 in accordance with the schedule attached hereto as Exhibit “A.”
Continuing Payments. (i) If this Agreement is terminated for any reason and Customers introduced to FIMAT by lB remain Customers of FIMAT thereafter, FIMAT shall continue to make Continuing Payments (as defined below) to IB as long as such Customers remain Customers of FIMAT or any affiliate thereof.
(ii) If, during the term of this Agreement, any Customer of IB introduced to FIMAT by IB chooses to terminate its relationship with IB and enter into a direct relationship with FIMAT, FIMAT shall continue to make Continuing Payments to IB for as long as such Customer remains a Customer of FIMAT or any affiliate thereof.
Continuing Payments. An amount equal to Executive’s Base Salary payments times 2.9 years. All such payments to be made within 90 days of termination; plus
Continuing Payments. BIOCHEM and SP shall share Profit with [***] going to BIOCHEM and [***] going to SP; provided, however, after the second anniversary of the First Commercial Sale on a country-by-country basis, the share of Profit payable to SP shall never be less than [***] of Gross Profit.
Continuing Payments. If Executive's employment is (1) terminated during the Initial Term or any subsequent renewal term pursuant to Paragraph 5.01.1, 5.01.2, 5.01.3, 5.01.4, 5.01.5, 5.01.6 or 5.01.7; or (2) not renewed after the end of the Initial Term or any subsequent renewal term for any of the reasons described in Paragraph 5.01.1, 5.01.2, 5.01.3, 5.01.4, 5.01.5, 5.01.6, or 5.01.7, then upon such termination or nonrenewal Northwest shall have no further obligation or liability to Executive whatsoever, except for accrued benefits and any compensation actually earned through Executive's last day of employment. If Executive's employment is terminated pursuant to paragraph 5.01.8 during the Initial Term or any subsequent renewal term, then Northwest's only liability or obligation to Executive shall be for: (A) accrued benefits and any compensation actually earned through Executive's last day of employment; (B) Executive's Base Salary, at regular intervals, for the unexpired portion of the Initial Term or, if during a renewal term, the unexpired portion of such renewal term; (C) the greater of (i) six months' Executive Base Salary, or (ii) one week's Executive's Base Salary for each full year Executive has been employed by Northwest; and (D) payment of Executive's COBRA premium payments for continued coverage under Northwest's group health plan for a period of 12 months immediately following termination of Executive's employment with Northwest, provided Executive elects to continue such coverage. If Executive's employment is not renewed by Northwest for any reason other than a reason described in Paragraph 5.01.1, 5.01.2, 5.01.3, 5.01.4, 5.01.5, or 5.01.6 after the end of the Initial Term or any subsequent renewal term, then Northwest's only liability shall be: (A) Executive's accrued benefits and any compensation actually earned through Executive's last day of employment; (B) the greater of (i) six months' Executive's Base Salary, or (ii) one week's Executive's Base Salary for each full year Executive has been employed by Northwest; and (C) payment of Executive's COBRA premium payments for continued coverage under Northwest's group health plan for a period of 12 months immediately following termination of Executive's employment with Northwest, provided Executive elects to continue such coverage. Any and all payments under this Paragraph 5.03 or 5.04 shall be payable in a lump sum or at regular payroll intervals in Northwest's discretion, shall be subject to required withholdin...
Continuing Payments. The Borrower must comply with all of its:
(1) Continuing Payment Obligations; and
(2) payment obligations under an ‘Underlying Agreement’ (as defined in the MHLLC Operating Agreement).
Continuing Payments. Tenant shall begin remitting the remaining monthly Additional TI Allowance Payments of $9,468.33 to Landlord beginning with the November 1, 2022 payment and continuing on the first (1st) day of each month for the remainder of the initial Term (i.e., the last such payment shall be due on May 1, 2031) as Additional Rent pursuant to the terms of the Lease.
Continuing Payments. The Executive and the Company acknowledge and agree as follows:
(a) In accordance with Section 6(a)(1) and (2) of the Agreement, on March 31, 2005 the Executive received his unpaid salary through the Termination Date. The Executive and the Company agree that the Executive had no accrued and unpaid vacation pay for the period ending on the Termination Date.
(b) In accordance with Section 6(b) of the Agreement, the Company shall pay the Executive his current annual salary of $210,000 (the "SEVERANCE AMOUNT"). Such amount shall be payable in installments of $8750.00 twice monthly in accordance with the Company's normal payroll practices beginning on April 15, 2005 and ending on March 31, 2006. In accordance with Section 18 of the Agreement, all required federal, state or local taxes will be withheld from the payments of this Severance Amount. The Executive acknowledges that no further payments of any kind are due to him under the Agreement except as specifically provided in this Supplement and, if necessary, under Section 9 of the Agreement.
(c) As contemplated by the Agreement, the payments set forth in this Section 2 are in consideration for the execution and delivery by the Executive of the General Release attached as EXHIBIT A to this Supplement, and the continuing obligations of the Executive under the Agreement, including without limitation, his obligations set forth in Sections 12, 13, 14, 15, 16, 21, 24, 28, 29, and 32 of the Agreement.
Continuing Payments. In consideration for the rights granted by Licensor to Licensee under this Agreement, Licensee shall pay to Licensors the non-refundable, non-creditable Payment One and Payment Two in the amounts set forth in Section 5.2 of Exhibit A in accordance with Section 5.2
