Variable Payments. ● You may be eligible to participate in a discretionary company bonus. The terms and conditions of the bonus plan, may be confirmed after commencing employment and may be amended by the Company each year. Any bonus payment made to you will be subject to applicable tax deductions. All bonus payments are determined at the sole discretion of the Company and the Company offers no guarantee about your ability to earn a bonus in any year. ● The Company will reimburse You for all reasonable and necessary Business expenses properly incurred by You in performing Your duties under this Agreement and in accordance with the Company's applicable policies and procedures in effect at the time, upon presentation by You of documentation, expense statements, vouchers, and such other supporting information as the Company may request, or as may be consistent with standard Company policies and practices for reimbursement of expenses. You shall undertake such travel as may reasonably be required in connection with the performance of Your duties hereunder.
Variable Payments. Except as provided in Sections 4(b) and 4(c) of this Agreement, BriteSmile shall pay to CAP an amount equal to $25.00 for each BriteSmile Procedure performed at the Centers from May 11, 2006 to the Maturity Date (the "Variable Payments"). Variable Payments shall be made on the 40th day following the end of each month up to and including the month in which the Maturity Date occurs based on the number of BriteSmile Procedures performed at the Centers during such month, except that any Variable Payments due with respect to any period prior to the date on which the Maturity Date occurs shall be made on the Maturity Date.
Variable Payments. 4.1. Employee is eligible to participate in the Variable Incentive Plan as applicable to the Employee of the Company from time to time and as it may be amended from time to time. Employee is eligible to earn a target of 10% of his/her Total Fixed Compensation (Gross Earnings)as stated in Annexure
I. Employee acknowledges that the Company has the discretion to change the terms and conditions of the Variable Incentive Plan at any time. The granting of the bonus is at the Company's discretion. The Employee can in no event lay claim to a bonus that has not yet been granted. The granting of a bonus in any given year or during several years will not create a precedent for any subsequent years. The tax and social security consequences of participation in the Variable Incentive Plan will be at the Employee's expense. The Employee will receive the gross bonus on condition that the Employee is in the Company's service on the date of payment of the gross bonus in accordance with the scheme in force.
4.2. In addition to your other compensation, the Company will provide you a one-time sign-on bonus of INR. 5,00,000. If you voluntarily resign from your position with the Company within one year of your start date, you will be required to repay a portion of this sign on bonus to the Company on a monthly pro-rated basis, based on the months remaining to reach one year of service.
4.3. Employee will be eligible to participate in the Company's existing group benefit plans, if any. Any payments, rights or entitlements under the benefits plan will be governed by the terms of the formal plan documents or policies establishing the benefit in issue and the Employee's rights on termination of employment with respect to the benefit plan will be governed by the termination provisions of this Agreement subject to local laws. By executing this Agreement, the Employee authorizes the Company to withhold the personal contributions owed by him/her from his/her salary (including any variable compensation, if any) and to pay these amounts to the insurance company, if applicable and subject to local laws. The Company reserves its right to cease such group insurances at all times or make such insurances subject to the Employee's participation in the costs thereof.
Variable Payments. The Rental Payment and other charges and fees are variable if there is any change in tax, the basis of taxation or writing-down allowances or any change in our costs from those prevailing on the date of this agreement (see clause 4.7). The Rental Payment and other charges and fees will not be varied until we give you at least 28 days’ prior written notice of the variation. If the Rental Payment and other charges are varied you will have certain rights to end this agreement (see clause 7) Duration of this agreement: This agreement will start on the date it is signed by both of us and will continue for a minimum period of six months and a maximum period of eighteen months from the date the Vehicle is delivered unless: a) it is terminated earlier in accordance with clause 8; or b) is ended by either party under clause 6 or 7
Variable Payments. For each Checking and MMDA Account, the User can initiate a variable payment electronic xxxx payment. - The payment date is automatically scheduled for four business days into the future. - To account for long weekends and holidays, EBS automatically presents the next soonest appropriate date for which a xxxx payment can be scheduled. AT&T/AIB CONFIDENTIAL ATTACHMENT A
Variable Payments. Bank will process variable payments on the Business Day Customer designates the payment is to be processed, provided the payment request is received prior to the cut-off time set by Bank, which is currently 2:00 PM (Eastern Time). Variable payment requests received after the Business Day cut off time, or at any time on a non-Business Day, will be processed on the next Business Day. The Bank reserves the right to change the cut-off time by reasonable advance notice to Customer.
Variable Payments. This is based on the actual amount of Treated Water delivered by the Company to the Agency. The Tariff to be paid to the Company shall be reduced in the event the following occur:
(1) failure of the Company, due to its own action or inaction, to deliver Treated Water in an amount equivalent to NDQ;
(2) failure of the Company, due to its own action or inaction, to deliver Treated Water complying with Treated Water Specifications; or
Variable Payments. (a) On or before ninety (90) days after the end of the twelve month period described below (the “First Variable Payment Date”), Purchaser shall make an additional payment to Seller (“Variable Payment A”) in an amount equal to $1,201,222.00 subject, however, to the following adjustments:
(i) In the event that the EBITDA of the Hospital for the 12-month period commencing as of the first day of the month after the month in which the Closing occurs is less than $1,445,000.00 (the “Year 1 EBITDA Target”) then Variable Payment A shall be decreased by six times (6x) the amount that the actual EBITDA of the Hospital for such 12-month period is less than the Year 1 EBITDA Target; or
(ii) In the event that the EBITDA of the Hospital for such 12-month period is more than the Year 1 EBITDA Target, then, subject to the provisions of subsection 1.13(e) below, Variable Payment A shall be increased by six times (6x) the amount that the actual EBITDA of the Hospital for such 12-month period is in excess of the Year 1 EBITDA Target. Within fifteen (15) days after the initial settlement with the Government Programs of the cost reports relating to the 12-month period commencing as of the first day of the month after the month in which the Closing occurs, any increase in Variable Payment A as a result of the affect such cost reports have on EBITDA for such 12-month period will be paid by the Purchaser to the Seller and any decrease in Variable Payment A as a result of the affect such cost reports have on EBITDA for such 12-month period will be paid by the Seller to the Purchaser. Upon final settlement or audit of such cost reports, any changes from the initial settlement shall be paid between the Parties in the same manner.
(b) On or before ninety (90) days after the end of the twelve month period described below (the “Second Variable Payment Date”), Purchaser shall make an additional payment to Seller (“Variable Payment B”) in an amount equal to $664,700.00 subject, however, to the following adjustments:
(i) In the event that the EBITDA of the Hospital for the second 12-month period commencing after the first twelve month period referenced in Section 1.13(a) above is less than $1,858,500.00 (the “Year 2 EBITDA Target”) then Variable Payment B shall be decreased by six times (6x) the amount that the actual EBITDA of the Hospital for such 12-month period is less than the Year 2 EBITDA Target; or
(ii) In the event that the EBITDA of the Hospital for such 12-month period is more ...
Variable Payments. The Variable Payment for each quarter will be the sum of (i) all One-Time Acquisition Fees (as defined in Section 5.3(a)) earned by Juno from the Effective Date through such calendar quarter, and (ii) all Ongoing Royalties (as defined in Section 5.3(b)) generated by Juno from the Effective Date through such calendar quarter, it being understood that no Variable Payment shall be owed to Juno with respect to a New Policyholder until such New Policyholder makes his first payment to The Hartford. The Hartford represents and warrants to Juno that The Hartford's standard business practice is to solicit such first payment within thirty days of the effective date of a new insurance policy to a New Policyholder.
(a) One-Time Acquisition Fees are as follows:
(i) For each New Policyholder purchasing automobile insurance, a One-Time Acquisition Fee of $[****]. No additional One-Time Acquisition fee shall be paid to Juno if such New Policyholder also purchases another Personal Lines product, whether coincident with or subsequent to the purchase of an automobile insurance policy.
(ii) For each New Policyholder purchasing a Personal Lines product other than automobile insurance ("Non-Auto"), a One-Time Acquisition Fee of $[****]. If such New Policyholder subsequently purchases automobile insurance from The Hartford as a result of a Co-Developed Program, Juno will receive an additional One-Time Acquisition Fee of $[****].
(iii) The foregoing One-Time Acquisition Fees are based on the assumption that New Policyholders who purchase only Non-Auto products will comprise less than [****]% of all New Policyholders. In the event that this proportion becomes greater than ------------------ [****] Confidential treatment has been requested for this portion pursuant to Rule 406 promulgated under the Securities Act of 1933, as amended. 15%, Juno and The Hartford will then agree in good faith on increased One-Time Acquisition Fees for New Policyholders who purchase Non-Auto products; provided, however, that in no event will such increased One-Time Acquisition Fee exceed $[****].
Variable Payments. The amount of Variable Payments to be ----------------- made by BriteSmile to EVL shall be an amount equal to $25.00 for each BriteSmile Procedure performed at the Existing Centers from March 1, 2001 to the Maturity Date. Variable Payments shall be made on the 40/th/ day following the end of each month up to and including the month in which the Maturity Date occurs based on the number of BriteSmile Procedures performed at the Existing Centers during such month, except that any Variable Payments due with respect to any period prior to the date on which the Maturity Date occurs shall be made on the Maturity Date.
