Inducement Payment definition

Inducement Payment shall have the meaning set forth in ‎Section 2.1(a)(vi)(B)(2).
Sample 1Sample 2
Inducement Payment means the cash payment to be made by the Company to a holder of Preferred Stock who is also a Purchaser who surrenders a duly completed and signed Notice of Conversion on the Closing Date in order to convert shares of a series of Preferred Stock into Common Stock in accordance with the existing terms of such series of Preferred Stock as set forth in the Company’s Amended and Restated Articles.
Sample 1
Inducement Payment shall have the meaning set forth in Section 2.2(a) hereof.
Sample 1

Examples of Inducement Payment in a sentence

  • You hereby acknowledge and agree that the payment of the Inducement Payment shall be in lieu of, and not in addition to, (A) any payments and benefits under any other severance, separation or other termination plan maintained by the Company, Xerox or any of their respective subsidiaries and (B) under any individual agreement between you and the Company.

  • The Inducement Payment will not be considered part of your earnings for purposes of calculating current or future benefits under any compensation or benefit programs maintained or sponsored by the Company, Xerox or any of their respective subsidiaries, including retirement plans, 401(k) plans and other benefit plans.

  • You hereby agree to exchange, discharge and settle your rights to any change in control severance pursuant to the Executive Agreement between you and the Company (such severance, the “CIC Severance”) for your rights with respect to the Inducement Payment (as defined in this Section A), subject to the terms and conditions set forth here.

  • Except as specifically provided in Section E of this letter agreement, you must be actively employed on the third anniversary of the Closing in order to be entitled to the Inducement Payment.

  • In consideration for the guaranteed minimum 2007 bonus (as set forth in the Offer Letter), the Inducement Payment, the RSUs, and as a condition of your continued employment following the Closing, you hereby agree to the irrevocable discharge and settlement of all your rights with respect to the CIC Severance and to irrevocably waive certain benefits and rights as described herein.

  • Seller shall have received, on or before the Closing, the Inducement Payment from Burger King in the amount of Two Million One Hundred Thousand and 00/100 Dollars ($2,100,000.00).

  • In consideration for the guaranteed minimum 2007 bonus (as set forth in the Offer Letter), the Inducement Payment, the senior advisor arrangement described in Section C and as a condition of your continued employment following the Closing, you hereby agree to the irrevocable discharge and settlement of all your rights with respect to the CIC Severance and to irrevocably waive certain benefits and rights as described herein.

  • Each KBS Lease Termination Inducement Payment shall be so paid by wire transfer of immediately available federal funds to such wire transfer address as Purchaser shall provide to Seller in writing.

  • For the avoidance of doubt, Xxxxx Xxxx will remain obliged to pay any Inducement Payment (plus, for the avoidance of doubt, any amount in respect of VAT payable pursuant to clause 12) payable in accordance with clause 11 if this Agreement has been terminated pursuant to clause 13.1(f).

  • The Lease Inducement Payment shall be paid to Tenant provided there is no Event of Default outstanding under this Lease (and if any such Event of Default is subsequently cured, any amount unpaid on account of such Event of Default shall be paid) thirty (30) days from the Commencement Date of this Lease.


More Definitions of Inducement Payment

Inducement Payment means an amount in cash equal to the lesser of: (a) $7,000,000 or (b) Closing Cash less the Minimum Cash, which shall not be less than zero, that Loral shall pay to Red Isle in order to induce PSP and Red Isle to enter into the Integration Transaction.
Sample 1
Inducement Payment means the payment paid to the Executive under Section 5 of the Prior Agreement.
Sample 1
Inducement Payment has the meaning given in clause 11.1;
Sample 1

Related to Inducement Payment

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Delta Payment means as it is described in this Agreement.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Contingent Payment shall have the meaning set forth in Section 2.2(a).

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Termination Payment has the meaning set forth in Section 6.03.

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • Option Payment shall have the meaning set forth in Section 3.4.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Contingent Payments has the meaning set forth in Section 2.05(b).

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • PRE-PAYMENT The Tenant shall: (check one)

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Additional Payment has the meaning given in clause 11.1 (Right to repay the Facility early).

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Improper Payment means: (a) any payment, offer, gift or promise to pay or authorization of the payment or transfer of other things of value, including without limitation any portion of the compensation, fees or reimbursements received hereunder or the provision of any service, gift or entertainment, directly or indirectly to (i) a Government Official; (ii) any director, officer, employee or commercial partner of a Party or its Affiliates; or, (iii) any other person at the suggestion, request or direction or for the benefit of any of the above-described persons and entities, for purposes of obtaining or influencing official actions or decisions or securing any improper advantage in order to obtain, retain or direct business; (b) payments made and expenses incurred in connection with performance of obligations under this Agreement that are not made and recorded with sufficient accuracy, detail, and control to meet the standards in applicable Anti-Corruption Laws; or, (c) any other transaction in violation of applicable Anti- Corruption Laws.