Final Compensation Payment Sample Clauses

Final Compensation Payment. After the date of payment of the Final Compensation Payment pursuant to the FPSO Contract as confirmed by notice from the Operator and TINWORTH to the Trustee and Paying Agent, the Trustee and Paying Agent shall as promptly as practicable convert to cash any Permitted Investments then held in the TINWORTH Reserve Account and promptly pay all amounts remaining in the TINWORTH Reserve Account to the Consortium Members’ Accounts in accordance with the instructions as provided by the Operator in the manner described in Paragraph “Third” under Section 5.1, and thereafter close the TINWORTH Reserve Account.
Sample 1
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Final Compensation Payment. 2.1.1 In accordance with Clause 8 of the employment agreement, the Employer shall pay (the net equivalent of) a gross amount of EUR 1,187,999.92 to the Employee as a final compensation payment.
Sample 1
Final Compensation Payment. Notwithstanding anything to the contrary herein or in the provisions of Section 9.2 of the Co-Promotion Agreement, the Calendar Quarter ended December 31, 2008 shall, for purposes of computing AstraZeneca’s final Compensation payable under Section 9.2 of the Co-Promotion Agreement after the Termination Date (“Final Compensation Payment”), be deemed the final Calendar Quarter of the Term (the “Final Calendar Quarter”), and after the Termination Date, Abraxis shall pay AstraZeneca final Compensation in the amount of twenty-two percent (22%) of Net Sales of the Product in the Territory recognized by Abraxis during the Final Calendar Quarter, and such final Compensation shall be paid by Abraxis to AstraZeneca on or before March 31, 2009 no later than 1:30 PM New York time. The provisions of Section 9.2 of the Co-Promotion Agreement providing for the payment of Compensation to AstraZeneca for the final Calendar Quarter of the Term based on Average Final Net Sales, payable sixty (60) days after the end of the first Calendar Quarter beginning after the Term, is superceded by the provisions of this Section 3(d). In the event AstraZeneca draws upon the Final Payment LOC, and the amount so paid to AstraZeneca (1) is less than the actual amount of the Final Compensation Payment as determined in accordance with this Section 3(d), then Abraxis shall promptly and in any event no later than April 1, 2009 pay to AstraZeneca the amount by which such Final Compensation Payment exceeds the amount paid to AstraZeneca under the Final Payment LOC or (2) exceeds the actual amount of the Final Compensation Payment as determined in accordance with this Section 3(d), AstraZeneca shall promptly and in any event no later than April 1, 2009 pay to Abraxis the amount by which the amount paid to AstraZeneca under the Final Payment LOC exceeds the Final Compensation Payment. If Abraxis in good faith determines that it is required under U.S. tax rules and regulations (and interpretations thereof) to withhold an amount from the Final Compensation Payment for income or other taxes, then Abraxis shall withhold such required amount and provide AstraZeneca appropriate documentation to facilitate AstraZeneca obtaining a full foreign or other tax credit for such withheld amount.
Sample 1

Related to Final Compensation Payment

  • Final Compensation In the event of termination of the Executive’s employment with the Company, howsoever occurring, the Company shall pay the Executive (i) the Base Salary for the final payroll period of his employment, through the date his employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminates; and (iii) reimbursement, in accordance with Section 2(e) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his employment terminates, and provided further that such expenses are reimbursable under Company policies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter period required by law.

  • Cash Severance Payment Provided that Executive complies with Section 5 below, Executive shall receive a lump sum cash payment in an amount equal to fifteen (15) months of Executive’s the effective base salary (less applicable withholding), paid within ten (10) business days of the effective date of the Termination Upon a Change of Control.

  • Separation Payment Except with respect to the Accrued Benefits as defined in the Employment Agreement, if you sign this Agreement, agreeing to be bound by the General Release in Paragraph 3 below and the other terms and conditions of this Agreement described below, and comply with the requirements of this Paragraph 2 (other than the Accrued Benefits), you will receive the compensation and benefits as contemplated by the Employment Agreement. You will not be eligible for the payment and benefits described in this Paragraph 2 unless: (i) you sign this Agreement no later than twenty-one (21) days after you receive it, promptly return the Agreement to the Company after you sign it, and do not timely revoke it; and (ii) you have returned all Company property and documents in accordance with Paragraph 15 below.

  • Retention Payment If Employee remains employed by Company or its subsidiaries on the first anniversary of the Closing Date, then Company shall pay to Employee in a lump sum within five (5) business days thereafter, an amount equal to $460,000 (the “Retention Payment”).

  • Compensation Payable If the Servicer shall resign or be terminated, the Servicer shall continue to be entitled to all accrued and unpaid compensation payable to the Servicer through the date of such termination as specified in Section 4.09 of this Agreement.

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

  • 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.

  • 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.

  • Payment of Compensation Subject to the provisions of this paragraph, payment of the Subadviser's compensation for the preceding month shall be made within 15 days after the end of the preceding month.

  • Incentive Payment During the period of Executive's employment under this Agreement, the Executive shall be eligible to participate in an incentive compensation program implemented by the Board (the "Annual Incentive Bonus").

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