Conversion Payment. Upon the retirement or job abolishment of an employee who has not less than ten (10) years of continuous employment with the Employer, who has qualified for retirement benefits from the State of Ohio Public Employee Retirement System or the Police and Fire Disability Fund, such employee shall be entitled to receive a cash payment equal to his hourly rate of pay at the time of retirement multiplied by 90% of the total number of accumulated but unused sick hours earned by the employee, and certified by the city Auditor, providing that such resulting number of hours to be paid shall not exceed nine hundred sixty (960) hours. Upon the voluntary termination of employment of an employee who has not less than ten (10) years of continuous employment with the Employer, such employee shall be entitled to receive a cash payment equal to his hourly rate of pay at the time of retirement multiplied by one-fourth (1/4) the total number of accumulated but unused sick hours earned by the employee, as certified by the City Auditor, providing that such resulting number of hours to be paid shall not exceed one hundred twenty (120) hours.
Conversion Payment. Upon any conversion the Company shall pay to the converting Holder in cash an amount equal to the difference between the outstanding principal amount of this Note so converted and the Issue Price paid therefor.
Conversion Payment. If the Label Deal converts to a Profit Deal as a result of AD achieving the automatic conversion target set forth in paragraph III.C above (the "Automatic Conversion"), RCA will pay, upon the Conversion Date, a [***] profit advance to AD. If the Label Deal converts to a Profit Deal as a result of RCA exercising its option to extend the Term beyond the initial 3 years (the "Optional Conversion"), RCA will pay, upon the Conversion Date, a [***] profit advance to AD.
Conversion Payment. In consideration for the additional services and other amendments contemplated by this Amendment Agreement and to defray costs of PWI and its affiliates associated with the conversion to the Broadridge platform, no later than October 11, 2011, Broadridge shall make an upfront payment to PWI of $7,000,000 (the “Conversion Payment”).
Conversion Payment. Holder shall receive the principal and accrued interest, with the funds going first to the accrued interest and the balance to the principal until paid in full.
Conversion Payment. Forty Thousand Dollars ($40,000), payable as follows:
Conversion Payment. Upon conversion of the Preferred Stock pursuant to Section 6(a) of the Series E Certificate of Designation prior to the record date for the Spin Off, the Company will pay the Purchaser ten percent (10%) of the Stated Value of the Preferred Stock then converted.
Conversion Payment. Upon conversion of the Preferred Stock pursuant to Section 6(a) of the Series E Certificate of Designation prior to December 1, 2023, the Company will pay the Purchaser ten percent (10%) of the Stated Value of the Preferred Stock then converted. This Section 1.1 shall supersede and replace Section 1.1
Conversion Payment. Within three (3) Trading Days of June 15, 2016 (the “Initial Payment Date”), Borrower shall deliver to Lender a number of shares of fully paid and non-assessable common stock, $0.001 par value per share (“Common Stock”), of Borrower equal to $50,000.00 divided by the Conversion Price as of the Initial Payment Date (the “Conversion Shares”). Lender will provide to Borrower a conversion notice in the form attached hereto as Exhibit A (the “Conversion Notice”) by any method of Lender’s choice (including but not limited to facsimile, email, mail, overnight courier, or personal delivery), which Conversion Notice shall set forth the number of Conversion Shares deliverable to Lender with respect to the Conversion. Borrower shall deliver the Conversion Shares to Lender in accordance with Section 6.3 below.
Conversion Payment. Commencing on the Effective Date of Service and for each Month of the Term, DYPM shall pay to Southern a Conversion Payment. The Conversion Payment shall be equal to the sum across all hours of a Month of: [redacted]. The Conversion Payment shall be calculated on an hourly basis and accumulated to determine the monthly total. For purposes of this calculation, a Replacement Energy Block is defined as that quantity of Delivered Energy (in MWh) provided from Replacement Seller's Resources associated with a certain Replacement Gas Price established pursuant to Section 6.2.
