Make-Up Payment definition

Make-Up Payment means either the Excess Make-Up Payment or the Two Year Make-Up Payment, as the context requires.

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Make-Up Payment has the meaning set forth in Section 7.6(b).

Make-Up Payment means an amount equal to the positive difference, if any, between (a) the product of (x) the Applicable Percentage, (y) the Monthly Salary in effect immediately prior to the Date of Termination (without taking into account any reduction in Monthly Salary that gives rise to, or could have given rise to, a claim for Good Reason), and (z) the number of full and partial years (treating a partial year as a fraction whose numerator is the number of months in the partial year in which Employee worked, and whose denominator is 12) that Employee was employed by the Company, and (b) the Severance Fund.

Examples of Make-Up Payment in a sentence

• Such Make-Up Payment shall not be treated as Capital Contributions and shall not reduce the amount of the contributing Limited Partner’s Capital Commitment.

• The 8% Make-Up Payment rate will be applied over the period of time since such Capital Contributions were made by such existing Limited Partners.

• Such Make-Up Payment shall not be treated as Capital Contributions and shall not reduce the amount of the contributing Member’s Capital Commitment.

• The 8% Make-Up Payment rate will be applied over the period of time since such Capital Contributions were made by such existing Members.

• The Reimbursement Make-Up Payment shall be paid promptly after Executive has submitted his last relocation expense for reimbursement, but not earlier than January 1, 2015 and not later than December 31, 2015, subject to Executive’s continued employment with the Company on the payment date.

• The Principal Make-Up Payment shall be applied to repayment of the Term Loan in reverse order of maturity.

• In the event Lessor does not timely exercise the Marketing Option, the applicable Make-Up Payment shall be made within ten (I 0) days after receipt of the appraisal reflecting the Fair Market Value Purchase Price of the Retained Property.

• If the Annual Supply Margin attained by Company for the initial Contract Year is $105,000,000, Distributor would be required to pay to Company a Make-Up Payment of $[***].

• The Board and the Executive agree that the termination of this Agreement pursuant to this Section 5 shall in no event, in and of itself, provide a basis for denying the Executive the SERP Payment, the Make-Up Payment, the Attorneys Fee Payment or the INEI Success Bonus.

• Notwithstanding the foregoing provisions of this Section 11.2, the payments and benefits described in this Section 11.2 (other than the components of the Accrued Obligations and the Make-Up Payment required to be paid pursuant to applicable Israeli law) shall immediately terminate, and the Company shall have no further obligations to Employee with respect thereto, in the event that Employee breaches any provision of Sections 13 or 14 hereof.

More Definitions of Make-Up Payment

Make-Up Payment has the meaning ascribed to it in Section 11.1(b);

Make-Up Payment shall have the meaning set forth in the Partnership Agreement.

Make-Up Payment shall have the meaning set forth in Section 3.1(c)(i) (Make-Up Contributions by Subsequent Closing Partners).

Make-Up Payment means the obligations and terms to be contemplated by [Allied] in the event that

Make-Up Payment means an amount in cash equal to 50% of the Make-Up Amount. “Make-Up Shares” shall mean an amount of shares of the Company’s common stock, par value $0.086 per share, equal to 50% of the Make-Up Amount divided by the Nasdaq official closing price of the Company’s common stock, par value $0.086 per share, on the Calculation Date according to Nasdaq’s official NOCP website (h▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇-activity/stocks/reli/historical-nocp). For the avoidance of doubt, if the Make-Up Amount is $0.00 or less, then the Company shall not pay any Make-Up Payment or issue any Make-Up Shares.