Base Monthly Payments definition

Base Monthly Payments means the monthly payments made by a Closed-End Obligor on the related lease, which, over the lease term, will cover (i) the difference between the Adjusted Capitalized Cost of the lease and the Contract Residual Value plus (ii) Lease Charges.
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Examples of Base Monthly Payments in a sentence

  • In the event this Agreement is terminated pursuant to Section 5(b), the Executive shall not be entitled to any compensation for any period after termination except for offering Executive the option to continue group health insurance coverage as required by law; provided, however, that the Executive shall be entitled to any final Base Monthly Payments and, any other vested compensation earned or accrued but not paid to the Executive prior to the termination of this Agreement.

  • This Agreement may be terminated (i) by the Company, upon thirty (30) days’ prior written notice, in which event the Company shall pay the Executive his or her Base Monthly Payments then in effect for a period of 180 days after termination (the "Severance Period") in accordance with the terms hereof, or (ii) by the Executive upon 180 days’ written notice.

  • The Executive shall be paid the base monthly compensation set forth on Exhibit A attached hereto, which shall be paid in accordance with the payroll practices of the Company as in effect from time to time (the "Base Monthly Payments").

  • The Base Monthly Payments may be increased from time to time or the Executive may be awarded such additional remuneration and benefits as the Board in its sole discretion may decide, but in no event shall the Base Monthly Payments be decreased from any prior year.

  • If the Company terminates this Agreement pursuant to this Section 5(e), it shall either, at its option, (i) after the Severance Period, pay the Executive 50% of his/of her Base Monthly Payments then in effect in accordance with the terms hereof during the balance of period that the restrictions set forth in Section 4 are in effect or (ii) waive compliance with the provisions of Section 4.

  • Under a contract to enable SEWD to meet its financial obligations, the Contractors are required to pay specific Base Monthly Payments that as of June 30, 1997 had generated $5.4 million in surplus funds.

  • In the event the Company terminates this Agreement, except for cause under Section 7(f), by providing the notice pursuant to Section 7(b) hereof or the Agreement is terminated by reason of the Executive’s death or disability, the Executive (or in the case of Executive’s death, his estate) shall be entitled to the continuation of the Executive’s Base Monthly Payments and bonus payments in effect at the time of the termination of this Agreement for the remainder of the term of this Agreement.

  • In the event the Company terminates this Agreement by providing notice pursuant to Section 7(f), the Executive shall be entitled to any Base Monthly Payments, and other bonus payments earned or accrued but not paid to the Executive prior to the termination of this Agreement.

  • In the event the Executive terminates this Agreement by providing the notice pursuant to Section 7(b) hereof, the Executive shall not be entitled to any compensation for any period after termination; provided, however, that the Executive shall be entitled to any Base Monthly Payments, and other bonus payments earned or accrued but not paid to the Executive prior to the termination of this Agreement.

  • In the event this Agreement is terminated by the Company for "cause," the Executive (or his beneficiary in the event of his death) shall be entitled to any Base Monthly Payments, and other vested compensation earned or accrued but not paid to the Executive prior to the termination of this Agreement.