Termination Payment Schedule Sample Clauses

Termination Payment Schedule. If Customer is in default and an Early Termination occurs, the termination payment “Termination Payment” will be: Contract Year Termination Payment 1 $ 1,046,763.12 2 $ 960,671.63 3 $ 872,265.61 4 $ 782,895.92 5 $ 690,222.48 6 $ 595,480.22 7 $ 578,589.46 8 $ 560,368.57 9 $ 540,818.55 10 $ 519,742.00 11 $ 498,856.86 12 $ 476,295.66 13 $ 452,177.85 14 $ 426,317.78 15 $ 398,686.87 16 $ 369,163.45 17 $ 337,816.86 18 $ 304,423.32 19 $ 268,926.63 20 $ 231,226.86 21 $ 189,517.15 22 $ 145,435.85 23 $ 98,749.30 24 $ 86,467.60 25 $ 86,467.60 For the avoidance of doubt, in the event of an Early Termination, Customer shall not be entitled to purchase or otherwise keep the System.
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Termination Payment Schedule. The “Termination Payment” for each Contract Year during the Initial Term is set forth in the table below. Contract Year Termination Value 1 $3,528,290 2 $3,271,967 3 $3,079,036 4 $2,894,429 5 $2,763,118 6 $2,639,732 7 $2,574,287 8 $2,522,287 9 $2,463,445 10 $2,397,787 11 $2,324,653 12 $2,243,980 13 $2,153,947 14 $2,054,280 15 $1,944,182 16 $1,823,113 17 $1,689,225 18 $1,541,877 19 $1,379,897 20 $1,202,274 21 $1,007,061 22 $792,998 23 $558,501 24 $301,868 25 $20,996
Termination Payment Schedule. 19.1 Payments to the Seller for termination by the Buyer for its convenience shall be in accordance with the Termination Payment Schedule in Section 5 Appendix 7.
Termination Payment Schedule. All payments under this paragraph 7 shall be made to Employee at the same intervals as payments were made to Employee immediately prior to termination.
Termination Payment Schedule. The “Termination Payment” for each Contract Year during the Initial Term is set forth in the table below. Contract Year Termination Value 1 $3,528,290 2 $3,271,967 3 $3,079,036 4 $2,894,429 5 $2,763,118 6 $2,639,732 7 $2,574,287 8 $2,522,287 9 $2,463,445 10 $2,397,787 11 $2,324,653 12 $2,243,980 13 $2,153,947 14 $2,054,280 15 $1,944,182 16 $1,823,113 17 $1,689,225 18 $1,541,877 19 $1,379,897 20 $1,202,274 21 $1,007,061 22 $792,998 23 $558,501 24 $301,868 25 $20,996 Contract Year 1 commences on the Commercial Operation Date and each subsequent Contract Year commences on the applicable anniversary of the Commercial Operation Date.

Related to Termination Payment Schedule

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Payment Schedule Except as provided in section 6.10 Travel, Meals and Lodging, payments will only be made based on Deliverables outlined within the Authorized User Agreement. Any invoice not related directly to a completed deliverable will be rejected. Any charge included on the invoice without backup documentation as specified in the Authorized User Agreement (travel receipts, etc.) may be removed. Any outstanding charges un-invoiced or removed from the invoice must be submitted/resubmitted within 120 Calendar days or may not be reimbursed. Each Deliverable may contain a retainage allotment as specified within the Authorized User Agreement. Each invoice is to include a detailed and itemized list of all retainage withholds that are in place since the activation of the Authorized User Agreement. Payment schedule shall be based on the final Authorized User Agreement as negotiated by the Authorized User and Contractor. Payment is only to be made after the deliverable within the Authorized User Agreement is accepted by the Authorized User. A Contractor is encouraged to submit no more than one invoice per month. Invoices must include cumulative retainage holdback. Invoices submitted to an Authorized User must include backup documentation as defined in the negotiated Authorized User Agreement.

  • Termination for Non-Payment We may terminate this Agreement with immediate effect by giving written notice to you if you fail to pay any amount due under this Agreement on the due date for payment and remain in default not less than thirty

  • Termination Pay Effective upon the termination of this Agreement, the Employer will be obligated to pay the Executive (or, in the event of his death, his designated beneficiary as defined below) only such compensation as is provided in this Section 6.5, and in lieu of all other amounts and in settlement and complete release of all claims the Executive may have against the Employer. For purposes of this Section 6.5, the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Employer from time to time or, if the Executive fails to give notice to the Employer of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence, the Employer will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

  • Payment upon Early Termination (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

  • Termination Giving Rise to a Termination Payment If there is a Covered Termination by the Executive for Good Reason, or by the Company other than by reason of (i) death, (ii) disability pursuant to Section 11, or (iii) Cause, then the Executive shall be entitled to receive, and the Company shall promptly pay, Accrued Benefits and, in lieu of further base salary for periods following the Termination Date, as liquidated damages and additional severance pay and in consideration of the covenant of the Executive set forth in Section 13(a), the Termination Payment pursuant to Section 8(a).

  • Early Termination Benefit If Early Termination occurs, the Bank shall distribute to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.

  • Payment Through Termination Upon termination of Employee's employment for any reason provided above, Employee shall be entitled to receive all compensation earned and all benefits and reimbursements (including payments for accrued vacation and sick leave, in each case in accordance with applicable policies of the Company) due through the effective date of termination. Additional compensation subsequent to termination, if any, will be due and payable to Employee only to the extent and in the manner expressly provided above in this Section 6. With respect to incentive bonus compensation, Employee shall be entitled to receive any bonus declared but not paid prior to termination. Notwithstanding the foregoing, in the event of a termination by the Company under Section 6(b) or 6(e), Employee shall be entitled to receive incentive bonus compensation through the end of the Company's fiscal year in which termination occurs, calculated as if Employee had remained employed by the Company through the end of such fiscal year, and paid in such amounts, at such times, and in such forms as are determined pursuant to Section 3(b) above and Exhibit A attached hereto. Except as specified in the preceding two sentences, Employee shall not be entitled to receive any incentive bonus compensation after the effective date of termination of his employment. All other rights and obligations of the Company and Employee under this Agreement shall cease as of the effective date of termination, except that the Company's obligations under this Section 6(f) and Section 11 below and Employee's obligations under Sections 7, 8, 9 and 10 below shall survive such termination in accordance with their terms.

  • Entire Termination Payment The compensation provided for in this Article IV for early termination of this Agreement and termination pursuant to this Article IV shall constitute Executive's sole remedy for such termination. Executive shall not be entitled to any other termination or severance payment which may be payable to Executive under any other agreement between Executive and Ceridian.

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