Payments to Xxxxxx. In connection with the distribution of shares of the Fund, Xxxxxx will be entitled to receive: (a) payments pursuant to any Distribution Plan and Agreement from time to time in effect between the Fund and Xxxxxx with respect to the Fund or any particular class of shares of the Fund, (b) any contingent deferred sales charges applicable to the redemption of shares of the Fund or of any particular class of shares of the Fund, determined in the manner set forth in the then current Prospectus and Statement of Additional Information of the Fund and (c) subject to the provisions of Section 3 below, any front-end sales charges applicable to the sale of shares of the Fund or of any particular class of shares of the Fund, less any applicable dealer discount.
Payments to Xxxxxx. The first “year” for computation of the percentage payments to be made shall be the period beginning with the date revenues are first received by ASPENBIO and ending on the date that is 12 months after the first day of the month following the date such revenues are received. Thereafter, each year shall be the ensuing 12-month period. XXXXXX’x share of Revenues shall be paid within 30 days after the end of each three month period, with respect to the Revenues accrued during the three month period just ended; provided that the first period may have an additional fraction of one month. At the time ASPENBIO pays amounts hereunder, it shall provide XXXXXX with a report setting forth in reasonable detail how the Revenues to ASPENBIO were calculated, and ASPENBIO shall provide XXXXXX with reasonable supporting documentation within 30 days after a request therefore.
Payments to Xxxxxx. OTEC shall pay Xxxxxx all amounts due under the Agreement as soon as sufficient new investment or revenue is received to make this reasonably possible. Moreover, for the avoidance of doubt, nothing in the Agreement effects the obligations of the Parties with regard to the $100,000 loan by Xxxxxx to OTEC and the promissory note and other documents related thereto.
Payments to Xxxxxx. (a) In return for Xxxxxx’x promise to remain available to provide the consulting services described in this Agreement and her promise to comply with the restrictive covenants set forth below (and subject to her continued compliance with these promises), the Bank shall pay to Xxxxxx a retainer of $5,000 per month for a period of one year from the Merger Effective Date. These amounts shall be payable on a monthly basis on the fifteenth of each month.
(b) In addition, the Bank shall pay Xxxxxx separately for the actual consulting services she provides hereunder. Xxxxxx and the Bank agree that initially Xxxxxx will work approximately 30 hours per week and will be paid $9,100 per month (in addition to the retainer amount described above). The Bank shall have the discretion to decrease the number of hours to be worked by Xxxxxx, including to zero, at any time, but this will not affect the Bank’s obligation to make the retainer fee payments described above. In such event, Xxxxxx will be paid at a rate of $75 per hour for the actual hours worked hereunder. These amounts shall be payable on a monthly basis on the fifteenth of each month.
Payments to Xxxxxx. The Company agrees to pay the following sums of money:
(a) The Company agrees to pay Xxxxxx the sum of Four Hundred Thirty-Four Thousand Seven Hundred Twelve Dollars ($434,712.00) less applicable withholdings required by law. This payment will be made to Xxxxxx no earlier than the eighth day following the execution of this Agreement.
(b) If Xxxxxx timely elects to continue health coverage as described in Paragraph 13, the Company agrees to pay to Xxxxxx the cost of ten months’ premiums in a lump sum no earlier than the eighth day following the execution of this Agreement.
(c) The Company will transfer the lease of the residence at 0000 Xxxxxxxx Xxxx Xxxxx, #000, Xxxxxxx, Xxxxx to Xxxxxx no earlier than the eighth day following the execution of this Agreement.
(d) The Company agrees to pay Xxxxxx’x reasonable attorneys’ fees and costs incurred in negotiating this Agreement.
Payments to Xxxxxx. 15.2.1. must be paid in Australian Dollars only; and
15.2.2. may be paid in cash, credit card, or electronic funds transfer.
Payments to Xxxxxx. 1.1 In consideration for XXXXXX'x covenants and promises pursuant to the terms of this Agreement, including without limitation XXXXXX'x General Release contained in Section 3, below, YOUBET shall cause the following sums to be paid to XXXXXX which shall include payments to which XXXXXX is not otherwise entitled:
a) Salary continuation in an amount equal to XXXXXX'x current base salary compensation from the effective date of this Agreement as defined in Section 15, below (the "Effective Date") through December 31, 2004 (the "Separation Date") (collectively, the "Separation Period"). Such payments shall be made in accordance with YOUBET's standard pay schedule and payroll practices;
b) In addition to salary continuation, a first lump sum payment of Fifty Thousand Dollars ($50,000) payable on June 8, 2004; and
c) A second lump sum payment of Thirty-Five Thousand Dollars ($35,000) payable on January 3, 2005, but not before that date. All payments pursuant to this Section 1.1 shall commence on the first regular business day following YOUBET's receipt of this Agreement duly executed by XXXXXX and the expiration of the seven (7) day revocation period set forth in Section 15 below. All payments made pursuant to this Section 1.1 shall be subject to standard withholdings for income taxes, social security and other applicable state and federal employment taxes.
Payments to Xxxxxx. After the Processing Assumption Date, Esprit shall continue to be responsible for and shall pay Indevus the payments required to be paid by Indevus to Xxxxxx under Section 3.7(b)(2) of the Xxxxxx License.
Payments to Xxxxxx. Two (2) additional payments to Xxxxxx, one payment of $16,666 (funded by a loan from Xxxxxxxx to the Company) payable on the 60-day anniversary of the Closing Date and another payment of $20,833.32 (funded by a loan from One Health Urgent Care, Inc. to the Company) payable on the 90-day anniversary of the Closing Date, totaling $37,499.32.
Payments to Xxxxxx. Xxx Purchaser shall pay the total sum of US$50,000 to Xx. Xxxxxx Xxx in five equal monthly payments with the first payment commencing 30 days after the Effective Date.
