SUMMARY OF KEY TERMS. 2.1 Below is a summary of some of the important terms in this contract. However, this summary does not include all of the contract terms and it is important that you read the contract in full.
SUMMARY OF KEY TERMS. Your reward package and other key elements are set out below, and provided on the basis set out in the rest of the Agreement. KEY REWARD ELEMENTS Fixed Pay: €1,450,000 gross per annum. Target discretionary annual bonus: 150% of Fixed Pay with actual bonus in the range of zero to a maximum of 225% (i.e. up to 150% x 150%). MCIP investment limits: Zero to 67% of actual gross annual bonus value. MCIP match: Every Investment Share you purchase through MCIP will be matched by 1.5 Match Shares at target. MCIP Match Shares will vest in the range of zero to a maximum of 200% (i.e. up to 3 shares for every 1 share you purchase through MCIP).
SUMMARY OF KEY TERMS. The following is a summary of certain key terms, conditions and dates. To the extent of any inconsistency between the provisions of this Section 2.1 and any other provision of this Agreement, the provisions of this Agreement other than this Section 2.1 shall control:
SUMMARY OF KEY TERMS. Regarding Tax Partnership Agreement for the Collaboration Agreement Set forth below is a summary of key terms for any tax partnership agreement triggered by PTI’s exercise of the Co-Commercialization Option pursuant to the Collaboration Agreement (the “Tax Partnership Agreement”).
SUMMARY OF KEY TERMS. The following is a summary of certain key terms, conditions and dates. To the extent of any inconsistency between the provisions of this Section 2.1 and any other provision of this Agreement, the provisions of this Agreement other than this Section 2.1 shall control: Base Project Costs U.S. Dollars ($) Eligible Base Project Costs (including Loan Guarantee Contingency) $ 4,367,242,087 Ineligible Base Project Costs $ 304,444,914 Base Project Costs $ 4,671,687,001 Funding of Eligible Base Project Costs Guaranteed Loan Amount $ 3,057,069,461 Base Funding $ 1,310,172,626 Funding of Ineligible Base Project Costs Base Funding $ 304,444,914 Total Sources of Funds $ 4,671,687,001 Completion of Project Anticipated Completion Date Fourth calendar quarter of 2018 Certain Key Terms First Principal Payment Date February 20, 2020 Maturity Date February 20, 2044 Outside Date for Availability Period December 31, 2020
SUMMARY OF KEY TERMS. Financial Plan 3 2.2. Availability of Advances 5 2.3. Mechanics for Funding Advances 6
SUMMARY OF KEY TERMS. 1. Dimex shall purchase the business assets of Dagesh, which provides inventory-counting services in Israel, mainly for retail stores (the “Field”). The purchased business includes Dagesh’s agreements with its customers, a lease of facilities, equipment, software, intellectual property, goodwill and Dagesh’s activities in the Field including. The purchased agreements shall be assigned to Dimex as of the “Effective Date”, which is March 1, 2022.
SUMMARY OF KEY TERMS. Your reward package and other key elements are set out below, and provided on the basis set out in the rest of the Agreement. KEY REWARD ELEMENTS Fixed pay: €1,508,000 gross per annum. Target discretionary annual bonus: 150% of Fixed Pay with actual bonus in the range of zero to a maximum of 225% (i.e. up to 150% x 150%). MCIP investment limits: Zero to 67% of actual gross annual bonus value. MCIP match: Every Investment Share you purchase through MCIP will be matched by 1.5 Match Shares at target. MCIP Match Shares will vest in the range of zero to a maximum of 200% (i.e. up to 3 shares for every 1 share you purchase through MCIP). Insurance cover: Please refer to plan rules for further information. • Private medical insurance: Yes: provided by Allianz (Unilever International Healthcare Plan) for you and eligible dependents. • Life assurance cover: Yes: 3 times Fixed Pay. • Permanent disability insurance: Yes: details to be confirmed in separate policy document. Current personal shareholding requirement: 500% of Fixed Pay during employment and the first year following termination of employment; 250% of Fixed Pay for the second year following termination of employment.
SUMMARY OF KEY TERMS. The following is a summary of certain key terms, conditions and dates. To the extent of any inconsistency between the provisions of this Section 2.1 and any other provision of this Agreement, the provisions of this Agreement other than this Section 2.1 shall control: Project Costs U.S. Dollars ($) Actual through June 30, 2018 Projected July 2018 through November 2022 Total Eligible Base Project Costs 5,385,404,385 4,721,360,140 10,106,764,525 Ineligible Base Project Costs 112,981,471 58,405,753 171,387,224 Base Project Costs 5,498,385,856 4,779,765,893 10,278,151,749 Funding of Eligible Base Project Costs FFB Credit Facility Commitment 2,625,000,000 2,505,632,896 5,130,632,896 Base Funding (including Settlement Proceeds) 2,760,404,385 2,215,727,244 4,976,131,629 Funding of Ineligible Base Project Costs Base Funding 112,981,471 58,405,753 171,387,224 Funding of Overrun Project Costs Overrun Funding 100% of all Overrun Project Costs in accordance with Section 2.7
SUMMARY OF KEY TERMS. Purpose: To maintain a positive net worth for the housing GSEs and to allow them to continue supplying the secondary mortgage market. Announcement Date September 7, 2008 Operational Date September 7, 2008 Expiration Date Indefinite (Not announced) Amendments May 6, 2009 December 24, 2009 August 17, 2012 Legal Authority HERA §1117 Peak Utilization (Draws) Xxxxxx Mae- $19 billion (1st quarter 2009) Xxxxxxx Mac- $30.6 billion (4th quarter 2008) Cumulative Utilization (Draws) Xxxxxx Mae- $116.1 billion Xxxxxxx Mac-$71.3 billion Aggregate Dividends Paid (as of 3rd quarter 2017) $275.89 billion Participants U.S. Department of the Treasury (as Financier) The Federal Housing Finance Agency (FHFA; as GSE conservator) At a Glance Concurrent with the housing market’s collapse, the Federal National Mortgage Association (Xxxxxx Mae) and The Federal Home Loan Mortgage Corporation (Xxxxxxx Mac) posted annual losses of $2.1 billion (Xxxxxx Mae’s first loss since 1985) and $3.1 billion (Xxxxxxx Mac’s first loss ever) in 2007. Given their importance in the secondary mortgage market, the potential insolvency of either of the GSEs threatened to destabilize the entire housing market and further threatened the financial system. On July 30, 2008 the government passed the Housing and Economic Recovery Act (HERA), which created a new GSE regulator, the Federal Housing Finance Agency (FHFA), and provided Treasury with emergency powers to bail out the GSEs. The FHFA and Treasury enacted the Senior Preferred Stock Purchase Agreement (SPSPA) on September 7, 2008—which was the second component in a four-part rescue plan to stabilize the GSEs. The government implemented this four-part intervention to stabilize the GSEs and allow them to continue supplying the secondary mortgage market. The primary mission of the SPSPA was to ensure that Xxxxxx Xxx and Xxxxxxx Mac maintained a positive net worth. As conservator of the GSEs, the FHFA requested draws from Treasury to offset any losses in a quarter. In return, Treasury purchased $1 billion in GSE Senior Preferred Stock (superior to all other stock) along with a warrant to purchase up to 79.9% of the GSEs’ common stock. Draws provided by the Treasury increased the liquidation preference, which was required to be paid down in certain circumstances. The SPSPA obligated the GSEs to pay a quarterly dividend fee, calculated using 10% (or 12%) of the stock’s liquidation preference, effective immediately. The GSEs were also mandated to pay a period...
