Option Termination Payment definition

Option Termination Payment means $290,406.
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Option Termination Payment means the aggregate amount of consideration to be paid by the Company to the Optionholders under the Option Termination Agreements. The amount of each Optionholder’s Option Termination Payment is set forth on Schedule 3.3
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Option Termination Payment means the aggregate amount owed by the Company to all of the Former Option Holders in connection with the Option Termination Agreements plus the amount of all Company Taxes in connection therewith (e.g., the Company portion of amounts required under the Federal Insurance Contributions Act).
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Examples of Option Termination Payment in a sentence

  • The day that payment of the Option Termination Payment is made shall be deemed the “Effective Date” of the Second Amendment.

  • The day that payment of the Option Termination Payment is made shall be deemed the “Effective Date” of this Second Amendment.

  • At the Effective Time, Autobytel shall pay to Target, on behalf of the Terminating Optionees, by wire transfer to an account designated by Target no later that two (2) days prior to the Closing Date cash in an amount equal to the Option Termination Payment, and Target shall promptly deliver to each Terminating Optionee, less any amounts required to be withheld in accordance with applicable law, that portion of the Option Termination Payment set forth opposite his or her name on Schedule 2.6(d).

  • The effectiveness of the amendments contemplated by this Tenth Amendment shall be conditioned on the receipt by Lessee of the Purchase Option Termination Payment.

  • If requested by Sellers, Buyer agrees to lend to the Company on the Closing Date an amount up to the Stock Option Termination Payment on terms and conditions acceptable to the Company and Buyer.

  • Upon such termination, (x) if, and only to the extent, required under Section 1.2 of the Purchase Agreement, Tenant shall pay Landlord the Building F Option Termination Payment (as defined in the Purchase Agreement), (y) the Security Deposit shall be promptly refunded to Tenant, and (z) all further rights and obligations of the parties under this Lease shall terminate except for those obligations of the parties that expressly survive such termination.

  • In addition, Buyer, Buyer’s agents and the Company shall be entitled to withhold from any Bonus Payment, Retention Bonus Payments or Option Termination Payment such amounts as it is required to deduct and withhold with respect to the making or vesting of such payment under any provision of any applicable Tax law.

  • As a consequence of the concentration of productive property in fewer and fewer hands, Berle concluded, the relationship between property and liberty was fundamentally changing.

  • The Option Termination Payment shall be made within ten (10) days of any sale of the leased property by the Landlord (the “Effective Date”).

  • The Option Termination Payment shall be made pursuant to the terms of the underlying Company Option, and shall be subject to Section 2.1(c) and conditioned upon the delivery of a duly executed option termination agreement in the form and substance of Exhibit F (with such other changes as may be agreed to by the Company, the applicable optionee and the Buyer) (an “Option Termination Agreement”).


More Definitions of Option Termination Payment

Option Termination Payment means the total amounts payable by the Company to the holders of Company Options in order to effect the termination the Company Options up to an amount equal to $648,500.
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Option Termination Payment shall have the meaning set forth in Section 2(c)(v) hereof.
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Option Termination Payment as defined in Section 2.3(f).
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Option Termination Payment means the aggregate amount owed by the Company at Closing to all of the Former Option Holders in connection with the Option Termination Agreements together with the payment to be made to Xxxxxxx X. Xxxxx, III under that certain Option Right Termination and Release Agreement between Xx. Xxxxx and the Company dated June 21, 2007.
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Related to Option Termination Payment

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

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

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Termination Payments has the meaning specified in Section 10(a).

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

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Termination Price As defined in Section 9.01.

  • Accretion Termination Date As defined in the Series Supplement.

  • Termination Benefit means the benefit set forth in Article 7.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Severance Amount means:

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).

  • Termination Fee Event has the meaning ascribed thereto in Section 5.2(a);

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).