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Settlement Compensation Sample Clauses

Settlement Compensation. The City agrees to pay Claimant the amount of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000.00) to resolve all claims for damages, attorneys’ fees and costs, related to the INCIDENT. Claimants and her counsel will identify the payee of the settlement compensation, and the amount will be paid within fifteen (15) business days following the execution of this Agreement and receipt by the City of a W-9 form from Claimant.
Settlement CompensationIn the event your claim is valid and you qualify to receive a monetary payment, select the method by which you would like to receive the payment. A paper check will be mailed if a method of compensation is not selected.
Settlement Compensation. As compensation for the settlement of the Securities and the release of the Claims: (i) the Company shall issue the Noteholder 16,667 shares of the Company’s common stock (the “Settlement Shares”); and (ii) DAO shall issue the Noteholder a new $12,500 Zero Interest Non-Convertible Promissory Note (the “DAO Note” a copy of which has been attached hereto as Exhibit E and collectively, with the Settlement Shares, the “Settlement Compensation”). The Settlement Compensation shall represent the complete and final settlement of the total compensation the Noteholder has claimed as due and payable in connection with Claims.
Settlement Compensation. In full, complete, and final settlement of the Settlement Class’s released claims, Defendants agree to pay compensation to the Settlement Class as follows:
Settlement Compensation. 5.1 A Claimant, by submitting a completed Claim Form verified by the Claimant’s Solemn Declaration and supported by the requisite Supporting Documentation on or before the Deadline, is entitled to compensation in one of the following tiers: (a) Tier 1: either $250 in Store Credits or $150 in cash; (b) Tier 2: either $500 in Store Credits or $300 in cash; (c) Tier 3: either $750 in Store Credits or $450 in cash; or (d) Tier 4: an amount to be individually negotiated or submitted to mediation and/or binding arbitration. 5.2 Claimants claiming in Tiers 1, 2 and 3 must elect between receiving an Award in cash or an Award in Store Credits. A Claimant’s election in that regard is irrevocable. A Claimant who fails to make an election in her Claim Form will be deemed to have elected cash. 5.3 In addition to the compensation referred to above, Qualified Claimants in Tiers 1, 2 or 3 will also be compensated by an Award of cash for their Out-of-Pocket Expenses, provided that such Claimants have submitted with their Claim Form the requisite Supporting Documentation in respect of Out-of-Pocket Expenses claimed. 5.4 If a Qualified Claimant has previously received a payment from the Defendant in relation to matters alleged in the Action, the amount of such earlier payment(s) will offset dollar for dollar any Award available to such Qualified Claimant, including an Award for Out-of- Pocket Expense. 5.5 Within ten (10) Business Days after the Settlement Date, the Defendant shall pay Aylon $5,000 as compensation for his time and effort in the prosecution of this Action and as Representative Plaintiff, in accordance with the Final Order.
Settlement Compensation. (a) The Company agrees to pay Executive a Settlement amount of Two Hundred Six Thousand Dollars ($206,000) in two equal payments upon the execution of this Agreement by all parties. The first payment will be made on April 25, 1997 and the second payment on July 1, 1997. Such payment shall be subject to appropriate withholding and deductions consistent with the Company's normal payroll policies. Executive acknowledges that payment of the Settlement amount described herein is made by the Company in consideration of the agreements, releases and undertakings of Executive made herein, and is also in full and complete satisfaction of all of the Company's obligations to Executive, including, without limitation, the Company's obligations pursuant to the (i) Employee Non-Disclosure Agreement dated June 1, 1982, (ii) Executive Severance Agreement, and Executive Severance Policy (Non-Change in Control), delivered as of October 21, 1996 but not executed by the parties, all of which agreements and any other agreements respecting employment, compensation or benefits are terminated and of no further force or effect upon the execution of this Agreement by all parties and the payment of the sums required hereunder, except for the provisions of the Nondisclosure Agreement, which shall expressly survive. Executive represents and warrants to the Company that no other sums are now or will be in the future due and payable to Executive by the Company other than those amounts specified in this Agreement, the receipt of which is hereby acknowledged.
Settlement Compensation. Upon the valid execution of this Agreement by both parties hereto, C-Car shall grant to Xx. Xxxx a non-qualified option to purchase one-hundred thousand (100,000) shares of Cross-Continent Auto Retailers, Inc. common stock at $10.00 per share. This option will vest on the date this Agreement is executed by both parties and may be exercised within a period of ten (10) years after the date this Agreement is executed by both parties.
Settlement Compensation. As full and final settlement, the Parties agree that Licensee shall pay to County the sum of Forty-Three Thousand Seven Hundred Ten and 60/100 Dollars ($43,710.60) within thirty (30) days of the full execution of this Agreement.
Settlement Compensation. Concurrent with the execution of this Agreement, Tully’s agrees to cause TCAP to pay to UCC Six Million U.S. Dollars ($6,000,000), payable in the form of the Promissory Note attached hereto as Exhibit A.
Settlement CompensationAs consideration for the Settlement, and subject to Court approval of this Settlement Agreement without alteration of the Settlement Terms, the Claims Administrator will provide Promo Codes, in type and amount as set forth in paragraph 2.1(c) of this Settlement Agreement, to Class Members who satisfy the eligibility criteria set forth in paragraph 2.1(b) of this Settlement Agreement. In no circumstance will Defendants be obligated to pay any amount or issue any Promo Codes other than to Eligible Class Members and in the type and amounts specified in the compensation tiers set forth in paragraph 2.1(c) of this Settlement Agreement.