One-Time Cash Payment. Upon ratification of the MOU by the Union and approval by City Council, a one-time, non-recurring payment that is not subject to CalPERS calculations shall be made to each member of the bargaining unit that was employed by the City on the effective date of this MOU, and remains employed at payout date. The one-time revenue payment shall be equal to $1735 for each full-time employee; part-time employees will receive a pro-rated payment based on their position’s budgeted FTE (i.e. 0.5 FTE would receive $867.50). Revenue share calculation was based on 2.5% of budgeted salary; benefit costs were not factored into the calculation.
One-Time Cash Payment. In addition to the issuance of shares described in Section 7, as further consideration for the extension of the Line of Credit, the Company agrees to pay a one-time cash payment of eight thousand and seven-hundred fifty dollars ($8,750) to the Lender. This payment will be made in full ten (10) business days following the execution of this Agreement. The Lender acknowledges that this cash payment is a separate and additional consideration apart from the issuance of the Shares.
One-Time Cash Payment. 1. In recognition of, and to help secure the employees' speedy ratification of this MOU, the City has exercised its discretion to provide a one-time discretionary cash payment of $1,000 for regular employees in the bargaining unit following Council approval of this MOU.
One-Time Cash Payment. 13.4.1 Certificated employees who submit retirement resignations will be granted a cash benefit according to the following schedule: Age on Last Cash Day at Work Benefit 55-58 20% of yearly salary 59-63 15% of yearly salary
One-Time Cash Payment. A. All non-probationary full-time employees covered by this Agreement shall receive one-time cash payments, not to be included in basic pay, as follows: Effective no later than July 15, 2000, 4.0% of basic annual salary as set forth in the Information Service Centers (ISC) Salary Schedule appended hereto (Table One). The eligibility requirements for the cash payment will be determined by the terms of Section 3.B.
One-Time Cash Payment. Conditioned upon Xx. Xxxxxxxxx’x execution of the Release attached hereto as Exhibit A, which Release will be executed contemporaneously with this Agreement, and such Release becoming effective, the Company will pay to Xx. Xxxxxxxxx, on January 15, 2009, or within three (3) business days thereafter, $116,250, plus interest on such amount compounded from March 31, 2008 through the date that the amount is actually paid to Xx. Xxxxxxxxx, assuming an annual interest rate of 4%, compounded monthly. Notwithstanding anything in this Agreement to the contrary, this cash payment will be made to Xx. Xxxxxxxxx (or his estate, if applicable) at the specified time whether or not Xx. Xxxxxxxxx is employed by the Company at such time.
One-Time Cash Payment. In addition, the Company shall pay to the Executive a one-time cash payment in an amount equal to three million five hundred thousand dollars ($3,500,000) (the “Retention Payment”), payable in a single lump-sum amount on or within thirty (30) days after the earlier of (i) the date on which the transactions contemplated by the Business Combination Agreement between the Company, Sprint Corp. and certain other parties named therein, dated as of April 29, 2018 (the “BCA”), close (or, if later, the CEO Start Date), (ii) the date on which the transactions contemplated by the BCA are terminated or abandoned (or, if later, the CEO Start Date), or (iii) December 1, 2020 (the earlier such date, the “Retention Date”), subject to and conditioned upon your continued employment with the Company through the Retention Date (except as otherwise provided under paragraph 5 below).
One-Time Cash Payment. In consideration of the Executive’s agreement to waive any amounts that could become due and payable to her under the terms of the CIC Plan, the Executive shall receive a one time cash payment in the amount of $2,286,375, to be paid in the second payroll period following the Effective Date, subject to all applicable deductions and withholding, and contingent upon the Executive’s execution of a release/waiver of claims in favor of Parent and the Company in substantially the form attached hereto as Exhibit A, and such release/waiver of claims becoming nonrevocable as of the Effective Date. The Executive hereby agrees and acknowledges that she shall not be entitled to any other payment or benefit, pursuant to the CIC Plan or any other employment or severance agreement or arrangement, in connection with her employment prior to the Effective Date, other than payment of salary and benefits that have accrued as of the Effective Date.
One-Time Cash Payment. In further consideration for you agreeing to enter into, and complying strictly with, the noncompetition and nonsolicitation provisions set forth in Section 9(c) below, you shall also receive a one-time lump sum cash payment (“One-Time Cash Payment”) in the amount of $800,000, to be paid in two equal installments of $400,000, with the first installment to be paid within 30 days of the Effective Date of the Agreement, and the second installment to be paid on or about January 31, 2022. This One-Time Cash Payment is expressly conditioned on your full compliance with Section 9(c) below, will be subject to all applicable withholdings and standard deductions, and shall be included on an applicable W-2 Form issued by the Company; and
One-Time Cash Payment. The City agrees to a one-time cash payment of $2,000. Said payment to be paid as soon as practical after the implementation of this MOU, but no later than July 31, 2017. Employees will have the option to take the signing bonus in cash, put in deferred compensation (must have a current account), or do a 50/50 split.
