Option Termination Payment definition

Option Termination Payment means $290,406.
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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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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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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.

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

  • On the Closing Date, the Seller Representative shall deliver to Purchaser a certified statement signed by the Company and the Seller Representative setting forth the amount of Seller Expenses, the aggregate amount of the Option Termination Payment (and the amount to be paid to each Former Option Holder at Closing), the aggregate amount of the Transaction Bonuses, and the amount of the Closing Payment payable to each Seller, all in a form reasonably acceptable to the Purchaser.

  • 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.

  • 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.

  • 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”).

  • As of the date hereof, Schedule 2.2, sets forth with respect to each Option Holder, as if the Closing were to occur on the date hereof, his or her name, Option Units, Option Unit exercise price(s), Option Termination Payment, applicable withholding Taxes, Purchase Price Pro Rata Percentage, contribution to the Escrow Amount, contribution to the Earn-Out Escrow Amount, and contribution to the Net Asset Escrow Amount.

  • The Termination Option is exercisable by Tenant, if at all, only in strict compliance of the aforesaid conditions and by giving Landlord written notice of its election to terminate this Lease, together with a payment in cash, certified check or attorney's trust account check, equal to the Option Termination Payment not later than three hundred sixty five (365) days prior to the last day of the fifth (5th) lease year of the Initial Term, time being of the essence.

  • 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.


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 as defined in Section 2.3(f).
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Option Termination Payment shall have the meaning set forth in Section 2(c)(v) hereof.
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Related to Option Termination Payment

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

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • 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 date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • 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).

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

  • 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).

  • Optional Termination Price On any date after the Initial Optional Termination Date, an amount equal to the sum of (A) the aggregate Stated Principal Balance of each Mortgage Loan (other than any Mortgage Loan that has become an REO Property) as of the Distribution Date on which the proceeds of the Optional Termination are distributed to the Certificateholders, plus accrued interest thereon at the applicable Mortgage Rate as of the Due Date preceding the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders and the fair market value of any REO Property, plus accrued interest thereon as of the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders, (B) any unreimbursed out-of-pocket costs and expenses owed to the Master Servicer, the Trustee or the Securities Administrator (including any amounts incurred by the Securities Administrator in connection with conducting the Auction), a Servicer or the Master Servicer and any unpaid or unreimbursed Servicing Fees, Monthly Advances and Servicing Advances, (C) any unreimbursed costs, penalties and/or damages incurred by the Trust Fund in connection with any violation relating to any of the Mortgage Loans of any predatory or abusive lending law and (D) in the event an Auction has been conducted, all reasonable fees and expenses incurred by the Securities Administrator to conduct the Auction.

  • 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 (1) two years following such Change in Control or (2) the Executive’s death.

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

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

  • 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.

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

  • Reverse Termination Fee shall have the meaning set forth in Section 9.2(b).