Xxxxxx Payments Sample Clauses

Xxxxxx Payments. If you use either loading dock, then you agree to use the porters we have arranged to be there. You cannot pull up to the dock and then call for a GPI xxxxxxx to come down and help you - or do it alone. Doing so only slows down the unloading process for everyone behind you and deprives the porters from their income. And if they don't make any money, then you won't have the option of using them in the future. If you refuse, the solution is simple: we will put you at the end of the list and you can unload your vehicle after the porters have left. If that is your choice, call me prior to the conference so that we can take care of it. If you need one xxxxxx to help you unload through the entrances other than the loading docks, please go to the nearest Omni Grove Park Inn telephone, call the bell stand and request that a GPI xxxxxxx be sent down to help you. He will be working on a 'tip basis' for you. Please keep in mind that, like our porters, their response when you need one of them the next time will be based on how well you compensate them. The amount you will be charged for using the porters will be based on (1) how long it takes to load or unload your truck and (2) how many men work on your truck. Typically that can range from two to six. Obviously, six men can unload you faster than two men, so it all works out the same.
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Xxxxxx Payments. Simultaneously with the Closing, Purchaser shall pay or cause to be paid on behalf of the Company to Xxxxxx Financial, Inc. ("Xxxxxx") the unpaid principal balance (together with all interest accrued thereon) of all Revolving Loans and Lender Guarantees (as such terms are defined in the Credit Agreement dated as of April 30, 1996 between Arcade and Xxxxxx (the "Credit Agreement")) and all other amounts due under the Credit Agreement. The aggregate amounts payable pursuant to this Section 1.7(b) are referred to herein as the "Xxxxxx Payments".
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Xxxxxx Payments. (a) The Buyer hereby agrees pay: (i) to Xxxxxx the portions of the Deferred Purchase Price Payments identified on EXHIBIT B hereto as being payable to Xxxxxx and (ii) to withhold from such portions of the Deferred Purchase Price Payments to be so paid to Xxxxxx all applicable withholding taxes, such taxes, along with any employer payroll taxes related thereto (i.e., the applicable FICA taxes), to be remitted by the Buyer on a timely basis to the appropriate taxing authorities. (b) The Deferred Purchase Price Payments to be made by the Buyer to the Seller pursuant to SECTION 2.2 shall be reduced by the portions thereof payable to Xxxxxx by the Buyer as described in SECTION 2.5(A). The Seller and the Buyer acknowledge that EXHIBIT B correctly sets forth, after giving effect to such reductions, the portions of the Deferred Purchase Price Payments to be so made by the Buyer to the Seller.
Sample 1
Xxxxxx Payments. In consideration of the above-described services, PSI shall, pay to Xxxxxx the following percentages of the compensation described in clauses (i), (ii) and (iii) of this paragraph 10.e. that exceed $3 million in the aggregate received by PSI with respect to the 12 month period that begins on May 1, 1993 and on the anniversary of such date for each year thereafter for the fifteen year period beginning on May 1, 1993. Payments and an accounting of the compensation received by PSI for the subject 12-month period shall be delivered by PSI to Xxxxxx under this paragraph 10.e. within forty-five (45) days after the end of the 12-month period to which the payment and accounting pertains. (i) 5 % of the compensation paid to PSI (x) under and pursuant to the contracts that are assigned to PSI under this Agreement, excluding any interest earned by PSI on premiums or other payments made by participating employers or others for coverage under any policy, plan or program with respect to which PSI performs services pursuant to such contracts, and (y) by employers participating in multiple employer trusts that hold any insurance policies administered by PSI pursuant to the contracts assigned to PSI under this Agreement; (ii) 5% of PSI's compensation pursuant to any administrative services or similar contracts, other than those assigned to PSI hereunder, that PSI enters into with an insurance company or other entity as a direct result of the efforts of Xxxxxx (e.g. introduction by Xxxxxx, or negotiation by Xxxxxx on behalf of PSI) to bring such business to PSI. PSI's compensation under such contracts, for purposes of determining the amount on which the 5% fee is based, shall be calculated in the same manner as provided for in subparagraph (i) above; (iii) 2% of PSI's compensation under any contract with an insurance company to provide administrative services in connection with a policy of dental insurance issued by such company; excluding, however, any contracts described in subparagraphs (i) or (ii), above, any contracts entered into by PSI with any insurance company that has issued a policy of insurance that PSI is administering as of the Closing Date, any dental programs incidental to medical programs (i.e., less lives covered for dental than for medical benefits) administered by PSI, and any contracts entered into by PSI with any insurance company prior or subsequent to the Closing Date to provide administrative services in connection with a self-funded, or only partia...
Sample 1
Xxxxxx Payments. Buyer shall pay Xxxxxx his portion of the Purchase Price as follows: a. an amount equal to the product of (i) forty-five percent (0.45), multiplied by (ii) Miguel’s Pro-rata Closing Date Purchase Price (“Miguel’s Cash-out Payment”) shall be paid as follows: i. an amount equal to (i) the product of (A) seventy-eight percent (0.78), multiplied by (B) Miguel’s Cash-out Payment, minus (ii) Miguel’s Expense Fund Pro-Rata Share, shall be paid to Xxxxxx on the Closing Date in cash by wire transfer of immediately available funds to the bank account indicated by Xxxxxx (“Miguel’s Upfront Cash-out Payment”); ii. an amount equal to Miguel’s Expense Fund Pro-Rata Share shall be paid on Miguel’s behalf to the Shareholder Representative in cash by wire transfer of immediately available funds to the bank account indicated by the Shareholder Representative; iii. an amount equal to the product of (i) twenty-two percent (0.22), multiplied by (ii) Miguel’s Cash-out Payment (“Miguel’s Outstanding Cash-out Payment”) shall be paid as follows: (x) the Buyer shall make a payment in cash by wire transfer of immediately available funds to the bank account indicated by Xxxxxx, on the thirty-six (36) month anniversary date of the Closing Date in an amount at least equal to Miguel’s Outstanding Cash-out Payment, but pursuant to the calculation and formula, including the potential increase in value provided for in Section 2.3.3 below (such amount, the “Miguel’s Final Cash-out Payment in Cash”); or (y) the Buyer shall grant shares of Buyer’s capital stock in favor of Xxxxxx in the amount at least equivalent in value to the Miguel’s Outstanding Cash-out Payment, but pursuant to the calculation and formula, including the potential increase in value, provided in Section 2.3.4 below, in case of occurrence of a Liquidation Event prior to the payment of the Miguel’s Final Cash-out Payment in Cash and in any event prior to the thirty-six (36) month anniversary date of the Closing Date (“Miguel’s Share Subscription Grant”); and b. an amount equal to the product of (i) fifty-five percent (0.55), multiplied by (ii) Miguel’s Pro-rata Closing Date Purchase Price (the “Xxxxxx Minimum Earn-out Amount”) shall be paid, together with any applicable increase thereto, in accordance with Section 2.7 below; provided however that an aggregate amount equal to the product of (A) fifteen percent (0.15), multiplied by (B) Miguel’s Pro-rata Closing Date Purchase Price (the “Xxxxxx Holdback Amount”), shall be dedu...
Sample 1
Xxxxxx Payments. If Tenant shall assign this Lease or sublet any part of the Premises for consideration in excess of the pro-rata portion of Rent applicable to the space subject to the assignment or sublet, then Tenant shall pay to Landlord as Additional Rent, fifty percent (50%) of any such excess immediately upon receipt.
Sample 1
Xxxxxx Payments. GSK shall make each of the following one-time, non-refundable, non-creditable XXXXXX payments to Impax when the XXXXXX. GSK shall notify Impax within thirty (30) days after the end of the calendar quarter in which XXXXXX. Following such notification from GSK, Impax shall invoice GSK for the applicable amount due under this Section 7.4(e), and GSK shall pay such amount due within thirty (30) days of the receipt of such invoice. For clarity, (i) XXXXXX, (ii) XXXXXX, and (iii) XXXXXX. XXXXXX XXXXXX Dollars ($XXXXXX ) XXXXXX XXXXXX Dollars ($XXXXXX ) XXXXXX XXXXXX Dollars ($XXXXXX ) XXXXXX XXXXXX Dollars ($XXXXXX )
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Xxxxxx Payments 
Sample 1

Related to Xxxxxx Payments

  • Xxxxxxxxx Payments The Company shall pay Executive cash benefits equal to: (1) two times Executive's Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. of the attached Presidents' Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on the Termination Date.

  • Xxxxxxxxx Payment The Company shall pay to you the following amounts: i. the Accrued Obligations, which shall be paid to you in a single lump sum cash payment within fifteen (15) calendar days of the Date of Termination; ii. the Pro Rata Bonus, which shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; iii. an amount equal to the product of (A) 2.0 times (B) the sum of (1) your Adjusted Base Salary plus (2) the greater of (x) your Target Bonus or (y) the average of the annual bonuses paid or to be paid to you with respect to the immediately preceding three (3) fiscal years, which amount shall be paid to you in a single lump sum cash payment no later than the later of (i) fifteen (15) calendar days following the Date of Termination or (ii) the effective date of the Waiver and Release; iv. if you had previously consented to the Company’s request to relocate your principal place of employment more than forty (40) miles from its location immediately prior to the Change of Control, all unreimbursed relocation expenses incurred by you in accordance with the Company’s relocation policies, which expenses shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; and v. the Other Benefits, which shall be paid in accordance with the then-existing terms and conditions of such plans, programs or policies.

  • Minimum Payments (a) Where the employee is under 45 years of age, the employer shall pay the employee Less than 1 year Nil 1 year and less than 2 years 4 weeks pay 2 years and less than 3 years 7 weeks pay 3 years and less than 4 years 10 weeks pay 4 years and less than 5 years 12 weeks pay 5 years and less than 6 years 14 weeks pay 6 years and over 16 weeks pay. (b) Where the employee is 45 years of age or over, the employer shall pay the employee in accordance with the following scale: Less than 1 year Nil 1 year and less than 2 years 5 weeks pay 2 years and less than 3 years 8.75 weeks pay 3 years and less than 4 years 12.5 weeks pay 4 years and less than 5 years 15 weeks pay 5 years and less than 6 years 17.5 weeks pay 6 years and over 20 weeks pay

  • Xxxxxxxxx Pay The Company will pay Executive a lump sum cash payment, less all applicable withholdings and deductions, in an amount equal to:

  • Payment of Sales, Use or Similar Taxes All sales, use, transfer, intangible, recordation, documentary stamp or similar Taxes or charges, of any nature whatsoever, applicable to, or resulting from, the transactions contemplated by this Agreement shall be borne by the Sellers.

  • Xxxxxxxx and Payments Xxxxxxxx and payments shall be sent to the addresses set out in Appendix F hereto.

  • Xxxxxx, Esq Anyone to whom a notice may be given under this Agreement may designate a new address by notice to that effect given to the other party in accordance with this subsection (b). Each such notice shall be deemed given upon the receipt thereof when delivered in person and on the second business day after the mailing when sent by mail as aforesaid. (c) You understand that, upon exercise of this Option, you may recognize income for tax purposes in an amount equal to the excess of the then fair market value of the Shares purchased over the Option Price for such Shares. Your employer may withhold tax from your current compensation with respect to such income or any other income which it deems you to have received in connection therewith; to the extent that your then current compensation is insufficient to satisfy the withholding tax liability, you will be required to make a cash payment to cover such liability as a condition of exercise of this Option. (d) If this Option shall be mutilated, lost, stolen or destroyed, the Company shall issue in exchange and substitution for and upon cancellation of the mutilated Option, or in lieu of and in substitution for the Option lost, stolen or destroyed, a new Option of like tenor and denomination, but only upon receipt of evidence satisfactory to the Company of such loss, theft or destruction of such Option and such indemnity and, if requested by the Company, such bond, as shall in each case be satisfactory to the Company. You must also comply with such other reasonable requirements and pay such other reasonable charges as the Company may prescribe in connection with such issuance. (e) This Option shall be governed and construed in accordance with the substantive laws of the State of New York applicable to contracts executed, delivered and to be fully performed in the State of New York, without giving effect to contrary provisions regarding conflict of laws. (f) This Agreement shall inure to the benefit of and shall be binding upon your heirs, executors, administrators and legal representatives, and shall inure to the benefit of and be binding upon the Company and its successors and assigns. You may not assign, transfer, pledge, encumber, hypothecate or otherwise dispose of this Agreement, or any of your rights hereunder except if and to the extent expressly permitted by Section 8 of this Agreement, and any such attempted prohibited delegation or disposition shall be null and void and without effect. (g) This Agreement constitutes the complete understanding between the parties with respect to the subject matter hereof, and no statement, representation, warranty or covenant has been made by either party with respect thereto except as expressly set forth herein. This Agreement shall not be altered, modified, amended or terminated except by written instrument signed by each of the parties hereto. (h) This Agreement may be executed in any number of counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument. (i) The section headings contained herein are for the purposes of convenience only, are not intended to define or limit the contents of said sections and are not part of this Agreement. (j) By signing below, you hereby accept this Option subject to all of the terms and provisions hereof and acknowledge all of the representations, warranties and agreements set forth above. This Option shall not be effective until you have signed this Option and delivered it to the Company.

  • Tax Payments Each Company shall be liable for and shall pay the Taxes allocated to it by this Section 2 either to the applicable Tax Authority or to the other Company in accordance with Section 4 and the other applicable provisions of this Agreement.

  • Xxxxx, Esq Sher & Xxxxxxxxx LLP; 0000 X Xxxxxx, XX.; Xxxxx 000; Xxxxxxxxxx, XX 00000.

  • Quarterly Payments The quarterly payment cannot be increased in cases of target over-achievement. The payments are given on cumulative outputs, in arrears, and therefore the maximum payment available will be given by the end of the Contract if the agreed (target) number of outputs is reached or exceeded.

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