Form and Method of Payment. Upon retirement, the Company will set up a Health Care Spending Account (HCSA) for eligible employees. The annual post-retirement health care benefit will be allocated to the employee’s HCSA directly on a monthly basis. The monthly allocations will begin on the first of the month following retirement and cease on the first of the month following attainment of age 65. For greater clarity, the monthly allocations to the employee’s HCSA will cease upon reaching age 65 regardless of the start date. For e.g., an employee retires on October 15th of a given year, the monthly allocations will start on November 1st of that year (the annual benefit payable during the first year is adjusted by a factor of 0.25 (or 3/12 months). Administration fees related to the HCSA will be paid for by the Company. Provincial Retail Sales Taxes, where applicable, will be charged to the HCSA. The HCSA will be subject to the rules of the Income Tax Act. Amounts allocated to the employee’s HCSA can only be used to pay for eligible medical expenses as defined under the Income Tax Act. The Company will work with the selected vendor to provide the most efficient benefits delivery.
Form and Method of Payment. The Buyer shall pay the purchase price for the Preferred Shares directly to the Company by certified bank check or wire transfer to an account designated in writing by the Company, and the Company shall deliver the certificates for the Preferred Shares and Warrants directly to the Buyer, not later than 4:00 p.m., New York City time, on the date which is not later than two Business Days after the Company shall have accepted this Agreement and returned a signed counterpart thereof to the Buyer or its legal counsel.
Form and Method of Payment. All payments hereunder shall be made via electronic transmittal to designated banking accounts, owned by payee, in U.S. dollars unless otherwise agreed to in writing by the parties.
Form and Method of Payment. The Buyer shall pay the purchase price for the Preferred Shares directly to the Company by certified bank check or wire transfer to an account designated in writing by the Company against issuance and delivery to the Buyer of the Preferred Shares and the Warrants, and the Company shall deliver the certificates for the Preferred Shares and Warrants directly to the Buyer against payment of the purchase price for the Preferred Shares to the Company, not later than 4:00 p.m., New York City time, on the date which is not later than two Business Days after the Company shall have accepted this Agreement and returned a signed counterpart thereof to the Buyer or its legal counsel.
Form and Method of Payment. Each Buyer shall pay the purchase price for the number of Initial Shares purchased thereby directly to the Company in United States Dollars by certified bank check or wire transfer to an account designated in writing by the Company against issuance to such Buyer of its portion of the Initial Shares and the Warrants. The Company shall deliver (i) the certificates for the Initial Shares directly to each Buyer, and (ii) the Warrants directly to each Buyer against payment of the purchase price for the Initial Shares to the Company on the Closing Date.
Form and Method of Payment. The Buyer shall pay the purchase price for the Option Shares in United States dollars directly to the Company by certified bank check or wire transfer to an account designated in writing by the Company against issuance and delivery to the Buyer of the Option Shares and the Additional Warrants, and the Company shall deliver the certificates for the Option Shares and Additional Warrants directly to the Buyer against payment of the purchase price for the Option Shares to the Company, not later than 4:00 p.m., New York City time, on the Option Closing Date.
Form and Method of Payment. The Investor shall pay the Purchase Price for the number of Shares purchased hereby directly to the Company in United States Dollars by certified or bank check or wire transfer to an account designated by the Company against issuance to such Investor of the Shares. The Company shall deliver the certificates for the Shares directly to each Investor, against payment of the Purchase Price for the Shares to the Company on the Closing Date.
Form and Method of Payment. In the event that Seller shall owe an Adjustment Amount to Buyer pursuant to Section 2.5 hereof or shall become liable, whether by mutual agreement or final adjudication by a court of competent jurisdiction, to any Buyer Indemnified Persons for an indemnification claim pursuant to Section 5.2 or 5.3 hereof, Seller shall, at its election, either (a) promptly pay the full amount of such Adjustment Amount or indemnity claim to the Buyer Indemnified Persons in cash or (b) sell to Buyer, pursuant to the procedures set forth below, one or more of the Designated Assets (as defined below) (a "SALE ELECTION"). As used herein, the term "DESIGNATED ASSETS" means the Products supply business of Seller and its Affiliates in each of the territories highlighted with shading on Schedule 5.13(a). If Seller makes a Sale Election in order to pay all or a portion of the Adjustment Amount or an indemnification claim, Seller shall so notify Buyer within three (3) days following the date the amount of the Adjustment Amount has been finally determined pursuant to Section 2.6 hereof or ten (10) days following the date such indemnification claim has been mutually agreed to or finally adjudicated. If Seller makes a Sale Election either or both of the Designated Assets shall be sold to Buyer on substantially the same terms and conditions as set forth in this Agreement, mutatis mutandis, including without limitation by using the same methodology utilized in this Agreement to determine the Purchase Price (i.e., 22% of trailing annual sales minus the amount of Intercompany Debt to be paid at closing, together with a purchase price adjustment if negative net worth exceeds an amount determined in the same manner that $32.0 million was determined for purposes of Section 2.5 hereof). The purchase price so determined for the Designated Assets shall be offset against the full amount of such any indemnification claim. If the Adjustment Amount or the amount of such indemnification claim is less than the sales price for the Designated Assets so determined, the difference shall be paid by Buyer to Seller at the closing of such sale. If the Adjustment Amount or the amount of such indemnification claim is less than the purchase price for the Designated Assets so determined, the full amount of such purchase price shall be set off against such indemnification claim and the remainder of the Adjustment Amount shall be paid by Seller to Buyer or such indemnification claim shall be paid by Seller to the ...
Form and Method of Payment. The Investor shall pay the purchase ------------------------------ price for the Units purchased hereby in United States Dollars by certified or bank checks or wire transfers as follows: BMO Nesbitt Burns Inc., in trust. Prior to the Closing, the Company xxxxx xxxxxde appropriate wire transfer instructions to the Investor to enable the Investor to make wire transfers of the purchase price for the purchased Units.
Form and Method of Payment. Client agrees to remit payment directly via Credit Card using Stripe, through their accountable coach, or as otherwise agreed and pursuant to the frequency Client selected in the Enrollment Form.
