Supplemental Cash Payment Sample Clauses

Supplemental Cash Payment. The Company at its sole discretion may pay a supplemental cash payment to Grantee in an amount equal to the minimum statutory total federal state or local taxes as a result of a taxable event arising as a result of the Plan and this Agreement.
Sample 1Sample 2Sample 3
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Supplemental Cash Payment. Although Executive is not eligible for or entitled to receive a bonus under the Prothena Corporation plc Incentive Compensation Plan (the “Incentive Plan”) for the 2018 performance period, the Company will pay to Executive a lump-sum amount of $50,717 (before applicable tax and other withholdings) (the “Supplemental Cash Payment”). Executive acknowledges and agrees that the Supplemental Cash Payment (i) is not required to be made by the Company, including without limitation under the Severance Plan or the Incentive Plan, (ii) is being made solely in connection with this Agreement, and (iii) constitutes adequate and valuable consideration, in and of itself, for the promises contained in this Agreement. The Company will pay the Supplemental Cash Payment to Executive within ten (10) business days after the date the Release of Claims becomes effective and irrevocable. All payments under this Agreement will be subject to applicable tax and other withholdings. To the extent any taxes may be payable by Executive for the benefits provided to Executive under this Agreement beyond those taxes withheld by the Company, Executive will pay them and indemnify and hold the Company and the other Releasees (defined below) harmless for and against any tax claims or penalties, and associated attorneys’ fees and costs, resulting from any failure by Executive to make required payments.
Sample 1
Supplemental Cash Payment. The Company shall pay to Executive a monthly supplemental cash payment (“Supplemental Cash Payment ”) of $23,000 while Executive serves as Interim CEO of the Company during the Employment Period. For the avoidance of doubt, this Supplemental Cash Payment shall not be incorporated into Executive’s bonus or severance calculations.
Sample 1
Supplemental Cash Payment. Employee shall be entitled to receive a supplemental cash payment of $600,000. This supplemental cash payment shall be payable in four installments as specified below, provided that Employee remains employed on each date of payment subject to Section 7. The supplemental cash payment shall be payable as follows: $150,000 on the Start Date, and $150,000 on the first, second, and third anniversaries of the Start Date.
Sample 1
Supplemental Cash Payment. Section 5(b) of the Purchase Agreement provides for the payment by the Company to Seller at the Closing of the Estimated Supplemental Cash Payment, as such amount is determined in accordance with Section 5(d) of the Purchase Agreement. Seller hereby waives the Company's obligation to deliver the Estimated Supplemental Cash Payment to Seller at the Closing, and agrees that the Company will deliver the Supplemental Cash Payment to Seller in accordance with Section 5(d)(ii) and (iii) of the Purchase Agreement.
Sample 1
Supplemental Cash Payment. To recognize that the delay in the grant of stock options with respect to 350,000 ADSs until after the 1998 Annual General Meeting of Shareholders may have an adverse effect on the value of the grant, the Company agrees to make the supplemental cash payments described in this Section 8 to Executive if (i) the amendment to the 1996 Share Option Plan is approved and (ii) the market prices for ADSs for a period of five (5) consecutive trading days which includes the award date for Executive's July 1998 stock option award, exceed the market prices for ADSs for an equivalent period of five (5) consecutive trading days which includes the date of the Executive's May 1998 stock option award. The period of five (5) trading days in May shall begin on the third trading day after the Company has publicly announced its financial results. The aggregate amount of the supplemental cash payments (if any) to be made to Executive shall be equal to the amount determined in the following manner:
Sample 1
Supplemental Cash Payment. In the event any Restricted Shares become vested pursuant to Section 3 above, the Employee shall be eligible to receive a Supplemental Cash Payment on the Vesting Date, in an amount calculated pursuant to the following table, equal to a multiple of the value of the Restricted Shares on the Vesting Date, based upon the number of percentage points by which the Compound Annual Total Shareholder Return exceeds the Market Index Total Shareholder Return for the period beginning on the Grant Date and ending on the Vesting Date ("Excess Annual Total Shareholder Return"), as follows: Excess Annual Total Shareholder Return Multiple Less than four percentage points 0% At least four, but less than six percentage points 25% At least six, but less than eight percentage points 50% At least eight, but less than ten percentage points 100% Ten percentage points or more 150%
Sample 1
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Supplemental Cash Payment. Subject to the terms and conditions of this Agreement, Buyer agrees to pay Seller one supplemental payment of fifty thousand dollars ($50,000) if Buyer generates a pre-tax net profit of three hundred thousand dollars ($300,000) or more, as determined by Buyer’s accounting firm, between May 1, 2010 and April 30, 2011 (the “Supplemental Cash Payment”). The Supplemental Cash Payment, to the extent payable, shall be paid by Buyer to Seller in immediately available funds by wire transfer to Seller’s account on or before June 15, 2011.
Sample 1

Related to Supplemental Cash Payment

  • Cash Payment The Employee shall make cash payments by wire transfer, certified or bank check or personal check, in each case payable to the order of the Company; the Company shall not be required to deliver certificates for Option Shares until the Company has confirmed the receipt of good and available funds in payment of the purchase price thereof.

  • Earnout Payment In addition to the Closing Payment Shares, if Madhouse meets certain performance requirements during a three-year performance period ending December 31, 2022 as set forth on Schedule II (the “Earnout Provisions”), then the Purchaser shall make the one-time payment (the “Earnout Payment”) determined in accordance with the Earnout Provisions, payable to the Seller and the long-term incentive plan (described below). As set forth in more detail in, and subject to, the Earnout Provisions, the Earnout Payment will be made in the form of (a) the Purchaser issuing to the Seller additional Purchaser Common Shares (the “Earnout Payment Shares”) in the amount calculated pursuant to the Earnout Provisions, (b) a cash payment, (c) a subordinated promissory note issued by the Purchaser to the Seller, or (d) a combination of the foregoing payment methods. The Earnout Payment shall be made by the Purchaser within five (5) Business Days after a final determination of payment due to the Seller pursuant to this Section 3.1. The Purchaser hereby covenants and agrees to perform its obligations set forth in the Earnout Provisions and to maintain the highest number of Purchaser Common Shares potentially issuable under the terms of the Earnout Provisions (which number shall not be less than 22,200,000) available for issuance with respect to Earnout Payment Shares without any restriction or limitation thereof, at all times after the Closing until all of the payment obligations set forth in the Earnout Provisions have been satisfied or have expired. The amount of the Earnout Payment (i) is subject to reduction as set forth in the Earnout Provisions and Article VIII and, (ii) as set forth in the Earnout Provisions, has been partially and irrevocably assigned by Seller to fund a long-term incentive plan to be established for the benefit of designated individuals employed by or associated with the Group Company business, in a manner that shall be determined in Seller’s discretion, provided that Seller shall not receive any portion of such assigned Earnout Payment.

  • Distributions Payable in Cash; Redemption Payments In the event that the Board of the Investment Company shall declare a distribution payable in cash, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the amount per share to be distributed, (ii) the record and payment dates for the distribution, and (iii) that all appropriate action has been taken to effect such distribution. Once the amount and validity of any dividend or redemption payments to shareholders have been determined, the Investment Company shall transfer the payment amounts from the Investment Company's accounts to an account or accounts held in the name of FTIS, as paying agent for the shareholders, in accordance with any applicable laws or regulations, and FTIS shall promptly cause payments to be made to the shareholders.

  • Cash Payments If the Executive should become a Retired Early Employee hereunder, the Bank shall, during the period commencing on the Effective Date and ending two years thereafter (the "Pay-Out Period"), make equal monthly payments to the Executive (which shall not be deemed base annual salary payments) in an amount such that the present value of all such payments, determined as of the Effective Date, equals two hundred ninety-nine percent (299%) of the Base Amount, as such term is defined in subparagraph 6(f) below. If at any time during the Pay-Out Period the Arrow Board in its sole discretion shall determine, upon application of the Retired Early Employee supported by substantial evidence, that the Retired Early Employee is then under a severe financial hardship resulting from (i) a sudden and unexpected illness or accident of the Retired Early Employee or any of his dependents (as defined in section 152(a) of the Internal Revenue Code), (ii) loss of the Retired Early Employee's property due to casualty, or (iii) other similar extraordinary and unforeseeable circumstance arising as a result of events beyond the control of the Retired Early Employee, the Bank shall make available to the Retired Early Employee, in one (1) lump sum, an amount up to but not greater than the present value of all monthly payments remaining to be paid to him in the Pay-Out Period, calculated as of the date of such determination by the Arrow Board, for the purpose of relieving such severe financial hardship to the extent the same has not been or may not be relieved by (xi) reimbursement or compensation by insurance or otherwise, (xii) liquidation of the Retired Early Employee's assets (to the extent such liquidation would not itself cause severe financial hardship), or (xiii) distributions from other benefit plans. If (a) the lump sum amount thus made available is less than (b) the present value of all such remaining monthly payments, the Bank shall continue to pay to the Retired Early Employee monthly payments for the duration of the Pay-Out Period, but from such date forward such monthly payments will be in a reduced amount such that the present value of all such reduced payments will equal the difference between (b) and (a), above. The Retired Early Employee may elect to waive any or all payments due him under this subparagraph.

  • Closing Date Payment The term “Closing Date Payment” shall have the meaning ascribed to it in Section 3.

  • Non-Cash Consideration In the case of the offering of securities for a consideration in whole or in part other than cash, including securities acquired in exchange therefor (other than securities by their terms so exchangeable), the consideration other than cash shall be deemed to be the fair value thereof as determined by the Board of Directors; provided, however, that such fair value as determined by the Board of Directors shall not exceed the aggregate market price of the securities being offered as of the date the Board of Directors authorizes the offering of such securities.

  • Earnout Payments (a) The terms below shall have the following respective meanings for the purposes of this Section 2.3:

  • Payment of Interest in Cash or Kind The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture at the rate of 10% per annum, payable on each Monthly Redemption Date (as to that principal amount then being redeemed), on each Conversion Date (as to that principal amount then being converted), and on the Maturity Date (each such date, an “Interest Payment Date”) (if any Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), in cash or, at the Company’s option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock at the Interest Conversion Rate (the dollar amount to be paid in shares, the “Interest Share Amount”) or a combination thereof; provided, however, that payment in shares of Common Stock may only occur if (i) all of the Equity Conditions have been met (unless waived by the Holder in writing) during the 20 Trading Days immediately prior to the applicable Interest Payment Date (the “Interest Notice Period”) and through and including the date such shares of Common Stock are actually issued to the Holder, (ii) the Company shall have given the Holder notice in accordance with the notice requirements set forth below and (iii) as to such Interest Payment Date, prior to such Interest Notice Period (but not more than five (5) Trading Days prior to the commencement of such Interest Notice Period), the Company shall have delivered to the Holder’s account with The Depository Trust Company a number of shares of Common Stock to be applied against such Interest Share Amount equal to the quotient of (x) the applicable Interest Share Amount divided by (y) the lesser of the (i) then Conversion Price and (ii) the Interest Conversion Rate assuming for such purposes that the Interest Payment Date is the Trading Day immediately prior to the commencement of the Interest Notice Period (the “Interest Conversion Shares”).

  • Payment Amount Each Restricted Stock Unit represents one (1) Share of Common Stock.

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

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