Payment Method and Time. 4.1 Total annual salary is divided by twelve and distributed per month.
4.2 Monthly salary is given on 25th date of each month. If the date is a holiday, the salary is paid on the day before.
Payment Method and Time. (a) Party A adopts monthly salary system, with the 10th of each month as payment date. Party A must pay Party B's salary in the statutory currency in China.
(b) Party B must open an account with one of the two banks designated by Party A, and Party A must deposit Party B's salary into the said account after withholding personal income taxes on Party B's behalf.
(c) Upon dissolution or termination of this Labor Contract, Party A must pay Party B's salary on the day of Party B's leaving her post in the amount based on the actual number of days worked.
Payment Method and Time. 1. The total price of the Premises will be paid in twice. Within 15 days after the date of this contract, Party B shall pay Party A 10% of the total price stipulated herein, namely RMB Three Million Seventy Hundred and Twenty Thousand (￥3,720,000 yuan), as the deposit.
(1) As required by Party B, Party A shall hand the Premises over to Party B prior to October 31, 2010. Upon the receipt of the handover, Party B shall pay to Party A 60% of the total price herein, namely RMB Twenty Four Million One hundred and Eighty Thousand (￥ 24,180,000 yuan).
(2) For the remaining 25% of the total price hereunder, namely RMB Nine Million and Three Hundred Thousand (￥9,300,000 yuan), shall be paid off in one lump sum within 7 days after Party A has completed the transaction procedures (subject to the Property Ownership Certificate verified and issued by the Property Transaction Center). Party A shall be responsible for all the costs incurred in the procedures of the property transaction.
2. The amounts above shall be paid through bank account transfer. Any overdue payment will result in a surcharge as twice of bank interest. If Party B fails to make a payment for more than three months, Party A is entitled to terminate the contract, and to receive a default penalty equal to 10% of the total transaction price hereunder on Party B’s part. If Party A fails to transfer the Land Certificate and Property Certificate to Party B on schedule, or leaves the land and property to a thrid party as pledge, this contract will become invalid. In such an event, Party A shall unconditionally return the purchase payments in full to Party B, in addition to a default penalty equal to 10% of the total transaction price.
Payment Method and Time. 5.2.1 Both Party A and Party B agree that the leases of Advertising Sites under this Contract shall commence on 1 September 2008 regardless of whether the production and renovation of the Facades have been completed.
5.2.2 After the completion of the production of the Facades (including Store Signs and billboards) of the Chain Stores, both parties shall confirm the number of Chain Stores (based on the unit of individual Chain Stores) and the final annual rental for Advertising Sites (in accordance with the standards set forth in Article 5.1.2 and 5.1.3 herein) as the basis for the payment of the rental fees of Advertising Sites by Party B to Party A.
5.2.3 The Facades of the Chain Stores which are renovated, newly opened or acquired and jointly operated by Party A shall be leased to Party B based on the rate calculated pursuant to the terms of the Contract. The commencement date of the lease term for the Facades of such Chain Stores shall be extended to 90 days after the renovation of the Facades has been completed and inspected for acceptance. The time needed for the renovation of the Facades for newly-opened or acquired and jointly-operated Chain Stores shall be further negotiated by both parties.
5.2.4 Both Party A and Party B agree that for the 1,000 Chain Stores stated above, if the production expenses for Store Signs payable to a third party by Party A amount to [***]3 or less, Party B shall pay the expenses on behalf of Party A to the third party production company which shall be designated by Party B. A third party agreement shall be entered into by Party A, Party B and the third party production company in this respect. If the production expenses for Store Signs exceed [***]4, the amount exceeding [***]5 shall be paid to third party production company directly by Party A. Party B shall be entitled to offset the rental fees for Advertising Sites payable to Party A by making the payment for the production expenses of Store Signs on behalf of Party A to the third party production company. Party B shall notify Party A in writing every time before 3 This portion of the Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 406. 4 This portion of the Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 406. 5 This portion of the Contract has been omitted and filed separately with the Securities and Exchange Commission, pursuant to Rule 406. maki...
Payment Method and Time after the execution of the contract, the Buyer shall notify the Seller to get the products ready and prepay 20% of the price for the first batch of 4536 metric tons within three days (after the execution). Within three days after each batch of actual delivery is completed by the Seller, the Buyer shall go to the Seller’s factory for field sampling and send the samples to Shengli Oilfield Oil Extraction Technology Research Institute for test or have these samples tested by the factory, with the whole process supervised by the Buyer. If the products are qualified upon test, the Buyer shall pay 80% of the price for such batch of delivery. The Seller shall have this batch of delivery delivered to the Buyer’s designated site in Qingdao within two days after receiving the payment. The Buyer shall prepay 20% of the price for the next batch of 4536 metric tons 10 days before such next batch is delivered, with the rest 80% of the actual delivery to be paid prior to the delivery. The Seller shall issue VAT tax receipt and deductible transport fee invoice to the Buyer after each batch of delivery and upon the notification of the Buyer. 30% of the total price under the contract may be paid by a bank acceptance xxxx, the par value of which shall satisfy the Seller’s requirements as far as possible. The specific shipping date, shipping schedule and payment shall be subject to Appendix 2. Any necessary change shall be determined by both the Seller and the Buyer upon negotiation.
Payment Method and Time. (a) The release of the Escrowed Stock and each Incentive Payment shall be made, if required pursuant to this Agreement, as soon as reasonably possible after the calculation for such payment is made but in no event shall such payment be made later than 90 days after the end of each Formula Period. Each Incentive Payment, if any, shall be made in cash. All cash consideration to be paid by the Buyer shall be delivered by certified bank check or wire transfer of immediately available funds to the accounts of the Stockholders designated by the Stockholders by written notice to the CKHI.
(b) The payment of the Initial Consideration,
Payment Method and Time. In accordance with the “Letter of Intent” signed by the parties, both parties agree that the amount of RMB60,000,000 already paid by Party B to Party A constitutes the purchase amount for the building under this Contract; both parties agree that the remaining amount of RMB4,807,400 shall be paid within one year from the date this Contract is signed.
Payment Method and Time. (a) Party A implements a system of monthly salary payments, under which it shall pay to Party B the full amount of his/her salary in China’s legal currency during , providing a detailed breakdown of such salary payment or an electronic salary slip for enquiry. The amount of lateness/absence penalty or overtime salary to Party B for the salary payment day will be deducted or remedied as of next month. If such day falls on a rest day or an official holiday, Party A shall pay Party B’s salary on the preceding working day.
(b) Party B will open an account at a branch of a commercial bank specified by Party A, into which account Party A will deposit Party B’s salary after withholding the relevant amount of individual income tax and social security contributions on his/her behalf.
(c) Upon the early termination or expiration of this Contract, Party A shall pay Party B his/her salary at the same time when it processes the related paperwork. Party B’s salary will be calculated based on the actual number of days he/she has worked for that month.
(d) The standard and calculation method for overtime pay (if applicable) are set forth in the relevant rules and regulations.
Payment Method and Time. Payment of the Compensation Amount shall be performed through transfer account mode within 20 days once the Agreement is signed.
