First Installment. In the event that the Executive ----------------- shall have been employed continuously by the Company during the period from the date of this Agreement through the first sixth month anniversary of the Effective Date, then the Company shall pay the Executive on the first sixth month anniversary of the Effective Date, but in no event prior to January 1, 2001, an amount equal to 23% of the Executive's weighted average base salary during the 6 month period ending on such first sixth month anniversary.
First Installment. Commencing one year after the Option Date, Optionee may exercise the Option for up to 25 percent of the number of Option Shares.
First Installment. Within five (5) Business Days after Buyer’s receipt of a photocopy of the Letter of Guarantee issued by the Guarantor under Article XI by facsimile, of which the original shall be simultaneously delivered to Buyer in accordance with Article XXVI, the Buyer shall remit by wire transfer the First Installment in the amount set forth in Schedule 1 to Xxxxxxx Xxxx, Xxxx Xxxxxx Xxxxx, Xxxxx (BIC:XXXXXXXX, A/C No. 181-000-051075) with Chase Manhattan Bank, New York (BIC: XXXXXX00, A/C No. 001-1-544-541) in favor of Samsung Heavy Industries Co., Ltd., or to such other bank which the Builder may designate in writing at least ten (10) days in advance of the Initiating Event defined in Schedule 1, in favor of Samsung Heavy Industries Co., Ltd (hereinafter called the “Builder’s Bank”) under advice by authenticated cable or facsimile to the Builder’s Bank.
First Installment. Commencing on the Option Date, Optionee may exercise the Option for up to 50 percent of the number of Option Shares.
First Installment. A lump sum Payment of One Hundred ----------------- Fifty Thousand Dollars ($150,000) shall be paid to Executive within 10 days following the Execution Date, subject to the repayment conditions and obligations in Section 4.1.3.
First Installment. Commencing one year after the Option Date, Optionee may exercise the Option for up to 25 percent of the number of Option Shares. b. Second Installment. Commencing two years after the Option Date, Optionee may exercise the Option for up to 50 percent of the Option Shares, less the number of Option Shares for which the Optionee has already exercised the Option.
First Installment. The JV Investors shall contribute the respective amounts listed below within thirty (30) days following the issuance of the Business License to the Company by the Approval Authority:
First Installment. On the date the Purchase Price reaches the Provisional Account in accordance with legal procedures and upon satisfaction of the following conditions, the Transferee shall pay 80% of the Purchase Price (“First Installment”) to the Transferors:
First Installment. The First Installment shall be paid by Executive to Company on or prior to the date hereof pursuant to paragraphs (a) or (b) below:
