Interim Periods. Prior to the Closing Date or the Additional Closing Date, as the case may be, the Company will furnish to you, as promptly as possible, copies of any unaudited interim consolidated financial statements of the Company and its subsidiaries for any period subsequent to the periods covered by the financial statements appearing in either the Commitment Prospectus or the Prospectus.
Interim Periods. The Parties acknowledge that during the period from April 12, 2004 to July 8, 2004 (the "Interim Period"), the Executive served Iempower, Inc. (acquired by the Company on July 8, 2004 and a wholly owned subsidiary of the Company "Iempower") in the position of senior consultant and member of Iempower's board of directors. The Parties further acknowledge that during the Interim Period, the Executive has been entitled to receive compensation from the Company in the amount of $1,500 per day or fractional equivalent thereof, as applicable (the "Interim Compensation"). In full satisfaction of the Company's obligation to pay such Interim Compensation, the Company has issued the Executive 46,875 shares of its common stock together with warrants to acquire 8,844 shares of common stock at an initial exercise price of $2.00 per share. The Parties also acknowledge that during the period from July 9, 2004 until October 31, 2004 (the "Second Interim Period"), Executive served the Company as Chairman of the Board and Interim Chief Executive Officer. The Parties acknowledge that during the Second Interim Period, the Executive has been entitled to compensation at the rate of $125,000 per year, with a guaranteed bonus the pro rata portion of $50,000 per year ("Second Interim Compensation"). In full satisfaction of the Company's obligation to pay such Second Interim Compensation, the Company has paid to the Executive his pro-rata salary for this period and has issued to the Executive options to acquire 410,000 shares of common stock under the Company's 2004 Omnibus Incentive Plan (the "Plan"). These options shall vest and become exercisable on a quarterly basis over a period of one year, with 25% of such options being vested and exercisable on November 1, 2004 (the "Grant Date") and an additional 25% of such options becoming vested and exercisable on the first day of each calendar quarter thereafter until all options are fully vested. The options granted shall be exercisable for a period of ten years following the Grant Date and shall have an initial exercise price of $1.60.
Interim Periods. In the event the JRC is unable for any reason to establish a Research Plan for any period during the Research Term, then in such case the [*] advance payments to CK for each [*] during any such interim period shall equal [*] of the FTE rate multiplied by the actual number of CK FTEs covered by the last Research Plan that was approved by the JRC, for the last [*] covered by such approved Research Plan; provided that, if such number exceeds the minimum number of CK FTEs required to be included in any Research Plan for the particular Contract Year, as reflected in Section 2.6 above, then GSK may elect to [*] the number of CK FTEs for such interim period to a number [*] specified in Section 2.6, by so notifying CK in writing. If GSK so elects, the [*] advance payments to CK for each [*] during any such interim period shall equal [*] of the FTE rate multiplied by the actual number of CK FTEs listed in GSK's notice (which shall [*] number of CK's FTEs for such period specified in Section 2.6 above). Any payments made under this Section 6.2.4 shall be non-refundable. * Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
Interim Periods. Year 1: (Ending Share Price (average closing price from July 1, 2018 to June 30, 2019) plus Declared Dividends for the Interim Period ending on the last day of Year 1) / Beginning Share Price Year 2: (Ending Share Price (average closing price from July 1, 2019 to June 30, 2020) plus Declared Dividends for the Interim Period ending on the last day of Year 2) / Beginning Share Price Year 3: (Ending Share Price (average closing price from July 1, 2020 to June 30, 2021) plus Declared Dividends for the Interim Period ending on the last day of Year 3) / Beginning Share Price Performance Period: (Ending Share Price at the end of Year 4 (average closing price from July 1, 2021 to June 30, 2022) plus Declared Dividends for the entire Performance Period) / Beginning Share Price
Interim Periods. (Breaks) Residents of halls that are open during the break period(s) and who are returning to the residence halls for the next academic term or after spring break will be permitted to remain in residence during an interim period. Room fees for this period will be in addition to room fees for each semester as indicated in this contract. Students requesting to move into the residence halls before the contracted period (fall or spring), or requesting to stay after the official announced closing date at the end of the semester, will be billed at a per-night rate to the student’s Bursar account.
Interim Periods. For purposes of this Agreement, in determining the Taxes attributable to the Pre-Closing Period included in any Interim Period
(i) Property Taxes shall be equal to the amount of such Property Taxes for the entire Interim Period multiplied by a fraction, the numerator of which is the number of calendar days during the Interim Period that are in the Pre-Closing Period and the denominator of which is the number of calendar days in the entire Interim Period; and
(ii) Taxes (other than Property Taxes) shall be computed as if such taxable period ended as of the end of the day on the Closing Date.
Interim Periods. (A) If:
(i) the whole or any part of an Advance is to be denominated from the first day of an Interest Period (the "SECOND INTEREST PERIOD") in a different currency from the currency in which it has been denominated during the preceding Interest Period (the "FIRST INTEREST PERIOD"); and
(ii) the last day of the First Interest Period is not a day which is a Business Day for payments in each of the two currencies concerned, then that Advance will continue to be denominated in the currency in which it has been denominated during the First Interest Period (the "FORMER CURRENCY") for a further five Business Days from the last day of the First Interest Period or such later day which is a Business Day for payments in both those currencies (that period being the "INTERIM PERIOD"). The Second Interest Period will start on that day.
(B) Each Interim Period will be treated as an Interest Period and the rate of interest in respect of it will be calculated in accordance with Clause 8.5.
(C) Interest under this sub-clause will:
(i) accrue from (and including) the first day of the Interim Period to (but excluding) the last day of that Interim Period;
(ii) be due and payable by the Borrower to which the Advance relates on the last day of each Interim Period; and
(iii) be paid in the former currency.
Interim Periods. To appropriately apportion any Taxes relating to a taxable period that includes (but that would not, but for this Agreement, close on) the Closing Date, the parties hereto will, to the extent permitted by applicable law, elect with the relevant Taxing Authority to treat for all purposes the Closing Date as the last day of a taxable period of the Company and Newco, and such taxable period shall be treated as a short taxable year and a Pre-Closing Period for all purposes of this Agreement. In any case where applicable law does not permit the Company or Newco to treat the Closing Date as the last day of a taxable year or period, then for all purposes of this Agreement, the portion of each such Tax that is attributable to the operations of the Company or Newco, as the case may be, for the applicable Pre-Closing Period portion of such Interim Period shall be (i) in the case of a Tax that is not based on income or gross receipts, the total amount of such Tax for the entire taxable period in question multiplied by a fraction, the numerator of which is the number of days in the Pre-Closing Period portion of such Interim Period, and the denominator of which is the total number of days in the Interim Period, and (ii) in the case of a Tax that is based on income or gross receipts, the Tax, that would be due with respect to the Pre-Closing Period portion of such Interim Period using the interim closing of the books method.
Interim Periods. 1. Residence halls close at noon on the Saturday immediately following finals in the Spring Semester, and following summer session (For full Academic Year Agreements). The Housing Agreement and Agreement rates do not cover these periods. Housing may be available during spring and summer semester breaks for authorized groups or students on a space available basis for an additional charge. Those students may be required to move from their assigned room for these accommodations. Additional information is available in the Residence Life Office. The cost for interim housing is the student’s responsibility.
2. Student’s board plans do not cover the periods between the end of the fall semester and the beginning of the spring semester (winter break), between the end of the spring semester and the beginning of the summer semester, and between the end of the summer semester and the beginning of the fall semester. Other times when the board plan is not available include but are not limited to: Thanksgiving Break, Spring Break, or Easter Break.
Interim Periods. In the event the Steering Committee is unable for any reason to establish a Development Plan and Budget for any period during the initial Term of the Development Program (calendar years 2000 and 2001), Schering shall nonetheless make payments to DUSA, at the level required to reimburse DUSA for its costs incurred in carrying out the [c.i.] Plan then in effect for each Collaboration Product under development in the calendar years 2000 and 2001. If no Development Plan and Budget is established for calendar years 2000 and 2001, then Schering shall pay to DUSA [c.i.] and [c.i.], during the year 2000 and 2001, the amounts set forth under Section 6.2.1 (a), until such a Development Plan and Budget is established. DUSA shall expend any amounts [c.i.] by Schering solely for conducting [c.i.] and/or [c.i.] with respect to the Collaboration Products within the Field.
