Termination of Payment. When o ner terminates the lease. Housing as- sistance payments terminate when the lease is terminated by the owner in ac- cordance with the lease. However, if the owner has commenced the process to evict the tenant, and if the family continues to reside in the unit, the PHA must continue to make housing assistance payments to the owner in accordance with the HAP contract
Termination of Payment. Payments shall be made until the teacher is eligible for full Social Security or a maximum of five years, whichever is the lesser. The teacher's supplemental benefit shall be calculated by determining the actual number of years between the age of retirement and the age of unreduced Social Security multiplied by $4,000 from which the 403(b) offset amount, according to the 403(b) Reference Chart, is subtracted. Once the supplemental benefit has been calculated, the annual payments are determined by dividing the benefit into equal annual installments from the year of retirement until the date of unreduced Social Security, providing that the divisor and the subsequent annual payments shall never exceed five (5). The year the teacher qualifies for full Social Security, the Social Security supplemental payment shall be made on a pro-rated daily basis. The year shall be from August 15 to August 14 of the following year.
Termination of Payment. On the day of termination, the tenant pays the landlord an amount of five hundred and two thousand eight hundred ($502,800.00) dollars. 3. Landlord- Tenant Mutual release. In view of the distance and for other good and valuable consideration the lessor and the lessee hereby irrevocably and unconditionally remission, dismissal and forever dismissal of each other and each other's shareholders, members, officers, directors, managers, employees, agents, employees and agents and all persons acting through, through, under, or in concert with the other party, both personally and as its agents, or any of them , or any of the aforementioned heirs , personal agents, successors or agents, and from any debts, requirements, actions, causes, actions, actions, accounts, contracts, contracts, agreements, damages and all claims, counterclaims, requirements and obligations of all names and nature, both by law and in justice, which against any of the above releases, each party has or has had from the beginning of the world to the date of termination , including, without in any way limiting the generality of the forementioned, any claims, rights or obligations arising out of or in connection with the Lease. Each lessor and lessee expressly acknowledges and agrees that the obligations of the other party under this Agreement must be in full compliance with and fulfilment of all obligations that the other party has or is alleged to have under the terms of the lease, and that no party has any other right, right or claim of any kind under the lease. Each Party hereby acknowledges and agrees that the above release is intended as a complete and complete release of all of the above claims that it may or may have, and by accepting the terms of this Agreement it does so upon full settlement of all such claims. The lessee hereby waives and waives any right, title or claim of any nature that the tenant may have with respect to caterpillar generator located on the premises and agrees that the lessor is the sole owner of all rights, title and interest and said Caterpillar Generator. 4.
Termination of Payment. The parties hereto agree and acknowledge ---------------------- that SPL shall have no right to receive any further payments of the Complex Net Revenue Amount pursuant to Section 1.1 above immediately upon the occurrence of any event as expressly described in Section 10.7 of the Amended JV, and SPL's right to receive such payments shall thereafter be null, void and of no further legal effect.
Termination of Payment. The Termination Payment payable to Executive shall be equal to one hundred percent (100%) of the Executive's then current year's base salary, plus one hundred percent (100%) of the amount, if any of the prior year's bonus.
Termination of Payment. Obligation in respect of Excess Net ---------------------------------------------------------- Proceeds. The Company shall not be required to make any payment to -------- Mattel in respect of Excess Net Proceeds received by the Company in Liquidity Events with respect to which the initial closing occurs after the fifth anniversary of the Closing.
Termination of Payment. The Company shall pay the Retirement Amount annually for a period equal to the aggregate length of time the director served on the Board of Directors up to December 5, 2002 (not including time served when a full-time employee of the Company), such period to be rounded up to the next full year; provided that the Company’s obligation shall earlier terminate (i) upon the death of the director, (ii) upon the termination of this Plan as to all then current and retired directors, in which case payment shall be made to all eligible retired directors for the year in which the termination of this Plan occurs and two additional years, or (iii) upon determination of the Board of Directors that the retired director is serving as a director, officer or employee of a competitor of the Company and the continuation of such relationship after 15 days written notice of such determination to the retired director. Approved by the Board of Directors: December 5, 2002
