Common use of Service Payments Clause in Contracts

Service Payments. Provided that on each of the following dates, this Letter Agreement has not been terminated pursuant to Sections 4.1, 4.2 or 4.3 of the Program, a Service Payment will be made to you in the following amounts: June 30, 2012 $ 87,500.00 December 31, 2012 $ 87,500.00 June 30, 2013 $ 87,500.00 December 31, 2013 $ 87,500.00 June 30, 2014 $ 87,500.00 December 31, 2014 $ 87,500.00 June 30, 2015 $ 87,500.00 December 31, 2015 $ 87,500.00 ; provided, however, any Service Payment that would otherwise be due after March 15 of the year following the year in which your employment or consultancy with the Company terminates Xx. Xxxx X. Bottomley June 2, 2010 pursuant to Section 4.2 or Section 4.3 of the Program, shall instead be paid on March 15 of the year following the termination year.

Service Payments. Provided that on each of the following dates, dates this Letter Agreement has not been terminated pursuant to Sections Section 4.1, Section 4.2 or Section 4.3 of the Program, a Service Payment will be made to you in the following amounts: June 30, 2012 $ 87,500.00 125,000.00 December 31, 2012 $ 87,500.00 125,000.00 June 30, 2013 $ 87,500.00 125,000.00 December 31, 2013 $ 87,500.00 125,000.00 June 30, 2014 $ 87,500.00 125,000.00 December 31, 2014 $ 87,500.00 125,000.00 June 30, 2015 $ 87,500.00 125,000.00 December 31, 2015 $ 87,500.00 125,000.00 ; provided, however, any Service Payment that would otherwise be due after March 15 of the Xxxxx X. Xxxxxxxxx June 2, 2010 year following the year in which your employment or consultancy with the Company terminates Xx. Xxxx X. Bottomley June 2, 2010 pursuant to Section 4.2 or Section 4.3 of the Program, shall instead be paid on March 15 of the year following the termination year.