Common use of Payment to Executive Clause in Contracts

Payment to Executive. Subject to the terms of this Agreement, the Company agrees to pay to Executive an aggregate amount of $2,370,587 ("the Principal Amount"), together with accrued interest. This amount shall be paid in three annual installments, with one-third of the Principal Amount, plus accrued interest, paid on the first business day following each of January 1, 2002, January 1, 2003 and January 1,

Payment to Executive. Subject to the terms of this Agreement, the ---------------------- Company agrees to pay to Executive an aggregate amount of $2,370,587 2,142,756 ("the Principal Amount"), together with accrued interest. This amount shall be paid in three annual installments, with one-third of the Principal Amount, plus accrued interest, paid on the first business day following each of January June 1, 2002, January 1, 2003 and January 1,

Payment to Executive. Subject to the terms of this Agreement, the Company agrees to pay to Executive an aggregate amount of $2,370,587 1,150,258 ("the Principal Amount"), together with accrued interest. This amount shall be paid in three annual installments, with one-third of the Principal Amount, plus accrued interest, paid on the first business day following each of January 1, 2002, January 1, 2003 and January 1,

Payment to Executive. Subject to the terms of this Agreement, the Company agrees to pay to Executive an aggregate amount of $2,370,587 888,605 ("the Principal Amount"), together with accrued interest. This amount shall be paid in three annual installments, with one-third of the Principal Amount, plus accrued interest, paid on the first business day following each of January 1, 2002, January 1, 2003 and January 1,