Common use of INTEREST ON UNPAID TERMINATION PAYMENT Clause in Contracts

INTEREST ON UNPAID TERMINATION PAYMENT. In the event that the Company does not pay the Termination Payment by the due dates specified in this Agreement, then any unpaid amount shall bear interest at the rate of 18 percent per annum, compounded monthly, until it is paid.

Appears in 10 contracts

Samples: Executive Employment Agreement (Geo Group Inc), Executive Employment Agreement (Geo Group Inc), Executive Employment Agreement (Geo Group Inc)

AutoNDA by SimpleDocs

INTEREST ON UNPAID TERMINATION PAYMENT. In the event that the Company does not pay the Termination Payment by the due dates specified in this Agreement, then any unpaid amount shall bear interest at the rate of 18 eighteen percent (18%) per annum, compounded monthly, until it is paid.

Appears in 1 contract

Samples: Executive Employment Agreement (Geo Group Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!