Fourth Payment. Section 2.5(a)(iv)
Fourth Payment. The remaining ten percent (10%) of the Actual Airborne survey charge estimated at $6,926.00 (Six thousand nine hundred twenty six dollars) plus any unpaid standby charges to date is payable on completion of the data processing work and prior to delivery of the Final Products.
Fourth Payment made payable by the Company to Employee in lieu of reimbursement for COBRA, such payments are subject to both taxation and withholding but no other set-off of any kind, to Employee in the gross amount of Fourteen Thousand and Eighty Four Dollars ($14,084), less applicable government mandatory tax withholdings only, which the Company also agrees to accurately and timely report to the applicable government entities (by W-2) and otherwise so accurately document. The Payments will be made by the Company for the respective recipients’ physical receipt as follows: the Second and Third Payments within ten (10) calendar days of the Effective Date and the First Payment no earlier than January 2, 2013 and no later than January 15, 2013. The Fourth Payment shall be paid in monthly installments of Three Thousand Five Hundred Twenty-One Dollars ($3,521) per month for a period of four (4) months beginning on or about January 15, 2013 or until Employee has secured other full-time employment which provides he and his family eligibility for health insurance comparable to the coverage they received from the Company while Employee was employed, whichever occurs first. Employee acknowledges and agrees that if he secures such full-time employment on any date prior to April 15, 2013 then the Company will no longer be obligated or required to make any then remaining monthly payments to him pursuant to the Fourth Payment. Employee specifically acknowledges and agrees that if and when all the Payments above are fully and timely paid and corresponding funds clear, any obligation that the Company had to pay Employee statutory wages and any other compensation whatsoever will then have been fully satisfied. The Parties disagree on whether Employee is eligible for contractual severance pursuant to his Employment Agreement, and Employee agrees that he is waiving any rights to such severance only so long as all the Payments’ funds are timely received and are never sought back by the Company or any of its related Releasees (defined below).
Examples of Fourth Payment in a sentence
In the event that the balance in the Settlement Account subsequently falls below two million U.S. dollars ($2,000,000.00) more than six (6) months before the Third Payment or the Fourth Payment is due, the NCAA shall deposit or cause to be deposited into the Settlement Account such amount as necessary to bring the balance to two million U.S. dollars ($2,000,000.00) within thirty (30) Days’ notice from the Program Administrator to the NCAA and its counsel that such payment is necessary (“Early Payment”).
Any Early Payments made by the NCAA or its insurers before the Fourth Payment is due shall be deducted from the amount due for the Fourth Payment.
The Buyer shall pay the Fourth Payment from time to time in accordance with Section 8.2(c) hereof.
The Allottee(s) shall make the payment as per the payment plan set out in Schedule Fourth ("Payment Plan").
No claim shall be offset against the Aggregate Second Payment Amount with respect to any Claim Notice relating to Breach Damages under Section 11.2(a) and the Aggregate Second Payment Amount, Second Payment Holdback or Fourth Payment Amount with respect to any Claim Notice relating to Damages under Section 11.2(b) if such claim is timely disputed as set forth above, unless and until its validity is finally resolved.
More Definitions of Fourth Payment
Fourth Payment means $50,000,000, which shall be paid by the Purchasers on the Fourth Purchaser Payment Date in accordance with Section 2.03(a)(iv).
Fourth Payment. The third payment of $____ is due on or before Wednesday, April 30, 2003. After the payments listed above are made, a balance of $____ will be allocated by Xxxxxx'x to Reach Group for PR services. Specific services and monthly allocation of the balance will be mutually agreed upon by Reach and Xxxxxx'x from time to time as and when rendered. It is agreed that Reach may not commence work on this project until the first payment is received and may, at its sole discretion, suspend work until the first payment or any progress payments are received. If payments are late Reach will notify Xxxxxx'x by e-mail or fax if payments and request payment to be made within three business days prior to suspending work. Suspension of the project may result in a revised project completion date. Additional Expenses Pre-approved additional expenses may be submitted to Xxxxxx'x by Reach Group for a period of up to 90 days after the completion of your projects. All payments for additional expenses are due net 10 days. Cancellation Policy With the exception of the New York and Las Vegas media events, Reach and Xxxxxx'x may terminate this agreement at will upon 30 days written notice. Xxxxxx'x will be responsible for service payment(s) during the 30-day cancellation period. All monies due to Reach from Xxxxxx'x for all completed work and any cancellation fees from Reach subcontractors will be paid upon termination notification in full. Work completed by Reach will not be released to the Xxxxxx'x until cancellation fees and all outstanding balances have been paid in full. Cancellation charges will be as follows: Copyrights Reach is an independent contractor to Xxxxxx'x for all services contained herein and in future projects unless specifically agreed otherwise in writing. Xxxxxx'x retains the ownership and copyrights for all text, graphics, artwork, audio and video content on all projects created for or provided by Xxxxxx'x. Xxxxxx'x has exclusive rights of ownership, assignments, licensing and use of this content, as well as the right to create derivative works of this content unless the work, video, programming scripts, etc., are the intellectual or other property of a third party. Unless specified otherwise under separate agreement, Reach grants indefinitely to Xxxxxx'x the right to use any work created by Reach unless said work is already established as the Intellectual Property of a third party. Reach retains the ownership of these operating elements and may use them in other...
Fourth Payment shall have the meaning set forth in Clause 2.4.
Fourth Payment means the Peso Equivalent of US$100,000,000, as adjusted in accordance with clause 3.7(c).
Fourth Payment means a payment from Condemnor to Condemnee of Eleven Million Dollars ($11,000,000.00) that shall be made by wire transfer to Condemnee on the Condemnation Date.
Fourth Payment means the Peso Equivalent of US$100,000,000, as adjusted in accordance with clause 3.7(c). “Fourth Payment Date” means the day of the 5th anniversary of the Closing Date.
Fourth Payment means RMB 390,000,000 (equal to 25% of the Purchase Price).