Special Payment Sample Clauses

Special Payment. If (1) you submit a Claim Notice in accordance with Paragraph B above on your own behalf (and not on behalf of any other party); (2) we refuse to provide you with the relief you request; and (3) an arbitrator subsequently determines that you were entitled to such relief (or greater relief), the arbitrator shall award you at least $5,100 (plus any fees and costs to which you are entitled).

Special Payment. If, at any time during the two (2) year period following a Change of Control (as defined in Section 6(j)(ii)), the Executive’s employment is terminated without Cause or by the Executive for Good Reason, the Executive will receive (A) his Base Salary through the date of termination, plus (B) an amount equal to two times Base Salary (which shall be the Base Salary as of the date of termination), payable in a lump sum as soon as practicable following the date of termination, plus (C) the Pro Rated Bonus, payable as soon as practicable following the date of termination, plus (D) an amount equal to two times the greater of (x) Incentive Bonus paid or earned but unpaid to Executive in respect of the prior fiscal year or (y) the average Incentive Bonus paid or earned but unpaid to Executive in respect of the three (3) previous years, payable as soon as practicable following the date of termination (E) any accrued and unpaid vacation pay, unreimbursed expenses or other benefits which may be applicable to and owing in accordance with Company policies or applicable law, plus (F) the continuation of all health benefits during the Severance Period, plus (G) the reimbursement by the Company for up to $10,000 for the cost of outplacement services during the one year following the date of termination, plus (H) acceleration of vesting and exercisability of all Incentive Equity; provided, however, if Executive is a “specified employee” as defined in Section 409A and the payments described above do not satisfy any applicable exemptions, then such payments shall not be made prior to the first day following the six-month period beginning on the date of termination of employment if such payments would otherwise violate 409A Guidance and such payments shall instead be accumulated and paid to Executive on the first day of the seventh month following his termination of employment. All payments due Executive under this Section 6(j) after the six-month period following Executive’s termination of employment shall be paid in accordance with the terms of this Section 6(j).

Special Payment. If (i) you submit a Claim on your own behalf; (ii) we refuse to provide you with the relief you request; and

Special Payment. At our option, we may make payment for a covered loss before you repair, rebuild or replace the damaged, destroyed or stolen property if: 1) the whole amount of loss for property covered under Coverage A Dwelling Protection and Coverage B Other Structures Protection, without deduction for depreciation, is less than $2,500 and if the property is not excluded from the Building Structure Reimbursement provision, or; 2) the whole amount of loss for property covered under Coverage C $2,500 and if your Policy Declarations shows that the Personal Property Reimbursement provision applies, and the property is not excluded from the Personal Property Reimbursement provision.

Special Payment. If, at any time during the two (2) year period following a Change of Control (as defined in Section 7(f)(ii)), Executive’s employment is terminated without Cause or by Executive for Good Reason, then instead of the payment set forth in subsection 7(c) Executive will receive: (1) Any Accrued Obligations, plus (2) an amount equal to two (2) times Base Salary (which shall be the Base Salary as of the date of termination), payable in a lump sum as soon as practicable following the date of termination, plus (3) the Pro Rated Bonus, plus (4) an amount equal to two (2) times the Target Incentive Bonus in respect of the then-current year, payable in a lump sum as soon as practicable following the date of termination, plus (5) the continuation of all health benefits during the Severance Period, plus (6) acceleration of vesting and exercisability of all Incentive Equity, plus (7) a period equal to the full length of the remaining term (as set forth in the applicable grant notice) to exercise any vested stock options;

Special Payment. Subject to the other terms approved by the Board of Directors of the Corporation, as an inducement for you to enter into this Amendment and in consideration of both your continued employment until the first anniversary of the Closing Date (notwithstanding the existence of Good Reason following the Closing Date), and your agreement to the competition restrictions set forth in Section 9 hereof, and in recognition of the fact that (a) your services and expertise are essential to the success of the business combination and (b) your continued employment hereunder may preclude your pursuit of certain other employment opportunities (including opportunities which might otherwise have allowed you to earn incentive bonuses and equity awards), the Corporation shall pay to you a special payment (the "Special Payment") in the amount of $500,000. The Special Payment shall be paid to you during the first six (6) months following the Acquisition in equal monthly installments.

Special Payment. If (i) you submit a Claim Notice on your own behalf (and not on behalf of any other party) in accordance with subsection (L), captioned “ Notice and Cure” (including the timing requirements thereof); (ii) we refuse to provide you with the relief you request before an arbitrator is appointed; and (iii) an arbitrator subsequently determines that you were entitled to such relief (or greater relief), the arbitrator will award you at least $5,500 in addition to the attorney, witness and expert fees and costs to which you are entitled.

Special Payment. During the Term of Employment, the Company shall make no distributions to its members (other than for tax liabilities attributable to their interests in the Company) until the fifth anniversary of the Effective Date unless the Company first makes a payment to the Executive in the amount of five million dollars ($5,000,000). Promptly upon the fifth anniversary of the Effective Date, if the Executive has not previously received a payment of five million dollars ($5,000,000) pursuant to either the immediately preceding sentence or clause (iii) of Section 8(a) hereof, the Company shall pay the Executive the following amount, and the Executive shall have no further rights under this Section 4(e): (i) If the Executive is employed hereunder on such fifth anniversary of the Effective Date, the amount of five million dollars ($5,000,000); (ii) If the Executive's employment has been terminated by the Company for Cause prior to such fifth anniversary, an amount equal to one million dollars ($1,000,000) for each completed year of employment hereunder; (iii) If the Executive's employment has been terminated by the Executive without Good Reason prior to such fifth anniversary, an amount equal to eighty-three thousand three hundred and thirty-three dollars ($83,333) for each completed month of employment hereunder; and (iv) If the Executive's employment has been terminated for any other reason prior to such fifth anniversary, the amount of five million dollars ($5,000,000). Any payment made pursuant to this Section 4(e) shall not be offset by any payment received, or to be received, by the Executive pursuant to any other provision of this Agreement.

Special Payment. This Special Retirement Bonus shall be $18,000.

Special Payment. If the Executive's employment is terminated without Cause or by the Executive for Good Reason during the Change of Control Extension Period, the Executive will receive the compensation and benefits already required under the provisions of this Agreement, other than under Section 5(a)(i)(B), and, in lieu of the payments set forth in Section 5(a)(i)(B), the Executive will receive 2.5 times the sum of the Executive's Annual Base Salary and the Severance Bonus (the "Special Payment"), payable in a lump sum within 30 days after the Date of Termination.