Settlement Sum Sample Clauses

Settlement Sum. In reliance on Shamlou’s representations and releases in this Agreement, Mindspeed will provide Shamlou with severance pay at Shamlou’s current salary level of $5,769.23 per week for ten months beginning on July 1, 2006, paid according to the company’s bi-weekly payroll schedule. Payments to Shamlou will continue through April 30, 2007, when Shamlou’s last check for the remaining balance due on the severance pay will be paid along with all accrued, unused vacation. Shamlou will not accrue additional vacation hours after the Effective Date of this Agreement as defined in paragraph 2 above. During the period of continued severance payments, Shamlou’s medical, dental, vision, life insurance coverage, executive physical, health club, one airline club, and financial counseling benefits will continue. Participation in Mindspeed’s Long Term Disability Insurance coverage ends on the Effective Date. Following the conclusion of the severance payments, Shamlou will be placed on unpaid leave through April 30, 2008, during which time he will not accrue further pay, vacation or other compensation. During the period on unpaid leave, Shamlou’s medical, dental, vision, life insurance coverage, executive physical, health club, and financial counseling benefits will continue. Additionally, Mindspeed will provide Shamlou with outplacement assistance at Mindspeed’s expense through Right Management Consultants, or a similar firm, at the selected firm’s office location. Ownership of the office laptop, home computer, home printer, and home cable modem assigned to Shamlou will be transferred to Shamlou once the company files on the computers have been deleted by Mindspeed’s Information Technology department. Shamlou’s Blackberry cell phone service (T-Mobile) and the cell phone service for the additional two phones assigned to Shamlou (Verizon) will be discontinued as of June 30, 2006. Employee will be allowed to keep the Blackberry device and the two cell phones and to port the phone numbers to individual service plans should he elect to do so. Mindspeed will stop providing COX Broadband service as of June 30, 2006. Mindspeed will work with Employee to transfer this service to an individual service plan should Employee elect to do so.

Settlement Sum. VendingData shall pay Shuffle Master the sum of eight hundred thousand dollars ($800,000) as set forth in this paragraph. VendingData shall pay four hundred thousand dollars ($400,000) by wire transfer to Citibank Account No. 500228226, ABA Routing 000000000; Swift # XXXXXX00; Account name Shuffle Master, Inc. Concentration Account; Xxxx Xxxxxxx 0000 Xxxxxxx, Xxx Xxxxx, Xxxxxx 00000 within two (2) days of the Effective Date, after which, within two (2) days, the parties shall file the order of dismissal set forth in Section 1.4. No later than ten (10) months after the Effective Date (the “Due Date”), VendingData shall pay the remaining four hundred thousand dollars ($400,000) of the settlement sum (the “Second Payment”). On the Effective Date, VendingData shall also provide Shuffle Master with an original executed confession of judgment (the “Judgment”) on this Agreement (in the form of Exhibit A attached hereto) in the amount of $400,000, which Shuffle Master shall have the right to immediately file. Subject to the foregoing, Shuffle Master shall execute on the Judgment only in the event VendingData fails to make timely payment of the Second Payment. Further, if the Second Payment is not timely made, then all applicable provisions of Paragraph 1.1 hereof shall apply and be available to Shuffle Master. Upon payment of the Second Payment, Shuffle Master shall immediately take any and all action necessary to nullify, cancel and expunge the Judgment.

Settlement Sum. UnitedHealth shall pay the settlement sum of $895,000,000 (the “Settlement Sum”). $450,000,000 of the Settlement Sum (“First Installment”) will be deposited into an interest-bearing escrow account controlled by Plaintiffs’ Lead Counsel (“Lead Counsel”) and subject to the Court’s oversight (the “Settlement Account”) by wire transfer according to the instructions to be supplied by Plaintiffs, by the earlier of (i) ten (10) days following the date the Court preliminarily approves the terms of the Settlement (“Preliminary Approval”); or (ii) September 15, 2008. UnitedHealth will deposit the remainder of the Settlement Sum, that is $445,000,000, (“Second Installment”) into the Settlement Account, upon the earlier of: (i) ten (10) days following the date the Court gives its final approval of the Settlement and enters a Partial Final Judgment and Order of Dismissal with prejudice (“Partial Final Judgment”) and the Partial Final Judgment is affirmed on appeal and/or is no longer subject to appeal or certiorari, and the time for any petition for reargument, appeal, or review, by certiorari or otherwise, has expired; (ii) ten (10) days following execution by Plaintiffs and both Non-Settling Defendants of a Memorandum of Understanding that contains an agreement in principle for the settlement of the Consolidated Action, as between the Plaintiffs and Non-Settling Defendants; or (iii) January 1, 2009. The principal amount of the Second Installment shall bear interest from the date of the deposit of the First Installment until paid at four and one half (4.5) percent. No funds are to be paid or withdrawn from the Settlement Account absent a Court order, except as is consistent with the terms of the Settlement for the payment of notice and Settlement administration, taxes on the Settlement Sum, and tax form preparation, or as otherwise to be provided in the Stipulation.

Settlement Sum. In exchange for the releases, obligations, and promises set forth in this Settlement Agreement (and subject to the terms and conditions contained in this Settlement Agreement), Defendant agrees to pay the Maximum Gross Settlement Amount of Seven Million Six Xxxxxx d Thousand Dollars and Ze ro Ce nts ($7,600,000.00), which is the total and all- inclusive amount Defendant shall be obligated to pay under the settlement embodied by this Settlement Agreement (except that Defendant shall pay the employer’s share of payroll taxes and withholdings with respect to the wages portion of individua l settlement shares separately and in addition to the Maximum Gross Settlement Amount), for the full resolution of the instant Lawsuit and Released Claims. The Maximum Gross Settlement Amount includes amounts appropriated to the Settlement Plaintiffs, Settlement Administration Costs to the Settlement Administra tor, Attorneys’ Fees and Costs to Class Counsel, and Service Awards to Named Plaintiffs.

Settlement Sum the sum of Rs ………………………. (Mauritian Rupees )

Settlement Sum. Lifeway has agreed to pay the sum of $100,000 and Xxxxxx has agreed to accept the sum of $100,000 in full and complete satisfaction for complete resolution of the Dispute and any Claims arising therefrom (the "Settlement Sum").

Settlement Sum. 2.1 EFJ shall receive an amount equal to 100% of the funds contained in the Escrow Fund on January 15, 2009 (the “Settlement Date”) (which amount shall include all interest and other income earned under the Escrow Agreement through the Settlement Date), less $1,102,129.50 (the “EFJ Settlement Sum”). 2.2 Immediately following payment of the EFJ Settlement Sum to EFJ, the Company Securityholders shall be entitled to receive 100% of the funds remaining in the Escrow Fund, including any interest which may accrue on such amount following the Settlement Date, less (i) the Stockholders’ Agent’s fees and expenses incurred in connection with the administration of his duties in connection with the Merger Agreement, and (ii) the fees payable to Xxxxx Fargo Shareowner Services in connection with the disbursement to the Company Securityholders of the remaining amounts contained in the Escrow Fund (the “Company Securityholders’ Settlement Sum”). 2.3 All disbursements from the Escrow Fund shall be made within five (5) days following the Settlement Date. 2.4 To effectuate the Disbursement of the EFJ Settlement Sum and the Company Securityholders’ Settlement Sum, the Parties shall sign and deliver to the Escrow Agent a letter containing joint instructions for the disbursement of the Escrow Fund in a form substantially similar to Attachment A hereto.

Settlement Sum the sum of Rs (Mauritius Rupees )

Settlement Sum. In consideration of the matters contained -------------- herein, the Employer shall pay to the Employee the sum $5,000 (the "Settlement Sum"). The Employee expressly acknowledges the adequacy of the Settlement Sum for such purposes. The Settlement Sum shall be paid to the Employee, following execution of this Agreement by the Employee and the expiration of the seven (7) day revocation period described in paragraph 9 below. The Employer will withhold all applicable taxes from the Settlement Sum and this withholding will reduce the net amount received by the Employee. This Settlement Sum is the only additional consideration to the terms of paragraph 5.a.

Settlement Sum. In exchange for and in consideration of the License, Covenants, and other agreements made herein, MONQ shall pay VPR the sum of Two Hundred Seventy Five thousand dollars ($275,000.00) (the “Settlement Sum”) in accordance with the Payment Schedule detailed in 1.2 below. Payment shall be made by wire to the SRIPLAW TRUST Account. SRIPLAW will provide a wire instructions in a separate secured PDF. The Parties agree and acknowledge that the payment of the Settlement Sum shall not be construed as an admission or acknowledgment that reflects, evidences, or supports any of the alleged harm and alleged damages as asserted by the Plaintiff.