(a) Payment. The Executive’s Annual Base Salary is $250,000 as of the Amendment Date. The Executive has no benefits under nonqualified deferred compensation plans sponsored by the Company or its Affiliates The Executive’s award under the Management Incentive Plan for the year ending on October 31, 2006, will be equal to a target bonus of 40% with a maximum of 80% of the Executive’s Base Salary. Pursuant to the terms of the award and the provisions of the Management Incentive Plan, in the event of the closing of the transaction pursuant to the terms of the Merger Agreement, Executive will have earned the target bonus equal to 40% of the Executive’s Base Salary, pro-rated as follows: Month in which the transaction closes Percentage of target bonus earned November, 2005 8.33 % December 2005 16.66 % January 2006 25.00 % February 2006 33.33 % March 2006 41.66 % April 2006 50.00 % May 2006 50.00 % June 2006 50.00 % July 2006 50.00 % August 2006 50.00 % September 2006 50.00 % October 2006 50.00 %
(a) Payment. The Customer choose the payment method adapted to the ordered service and its required processing time. The services provided by NETIM are payable on order. The Customer is solely responsible for payment of all amounts due under the contract for services. Unless expressly agreed and asked to report time and agreed by NETIM and written in a special way, the total or partial default of payment when due of any amount due under the contract will lead automatically and without prior notice to: – the immediate payment of all sums due from the Customer under the contract, regardless of the payment method provided; – the suspension of all current benefits, whatever their nature, without prejudice to NETIM to use the option of terminating the contract; – inability to subscribe to new services or to renew them; According to Article L.441-6 of the french code of commerce, in case of late payment, NETIM may give notice to the Customer and will be entitled to charge interest on a daily basis (compounded annually) on that part of the invoiced amount(s) remaining unpaid at the rate of 12% per year until payment in full is received. In addition, a lump sum in the amount of EUR 40 is due. An additional compensation can be claimed on evidence when the recovery costs exceed the amount of the lump sum. If the notice of the customer has no effect, NETIM may at any time transfer its receivables to a factoring company in which case payment must intervene for the benefit of the account mentioned on the invoice issued by the latter. In this case, NETIM invoices the customer for administrative costs incurred at the end of recovery. Any non-payment or irregular payment, ie, in particular, the wrong amount, or incomplete, or not having the required references, or effected by a means or procedure not accepted by NETIM, will simply be ignored and will cause its rejection by NETIM. As part of the fight against fraud, NETIM reserves the right to manually verify all payments received, in its sole discretion, at its own criteria and whatever the means of payment. On checking, the Customer will be notified by email of queuing of its payment, and therefore of the queuing process of the order. As part of this audit, NETIM may have to ask the customer for proof of payment or proof that payment has been personally initiated by the Customer. The Customer is warned that in the event of a payment by credit card in a currency other than EURO, charges may be invoiced by his own bank without the poss...
(a) Payment. General provisions for making a payment Your payment instruction We may allow you to provide your payment instruction to us in any way which we may notify to you from time to time. The way in which you provide your payment instruction can depend on the type of payment you are making – for example: • If you are paying for a purchase or making a donation, many sellers and/or fund collectors allow you to provide your payment instruction to us in a dedicated PayPal checkout or other PayPal payment collection integration on their site. • You can use the “Send Money” feature when you log into your PayPal account to send a payment to someone. We may require you to authenticate your instruction (i.e. give us the information that we need to be sure that it’s you giving us the instruction, such as submitting your correct log-in information – this could include your e-mail address and password) and otherwise successfully log into your PayPal account to provide to us your payment instruction. Cancelling your payment instruction Once you provide you payment instruction to us, you may not cancel it, except if it is a payment instruction under a billing agreement (see below for more details). How long will my payment take? Your payment to another user will leave your account within the Business Day after we receive your complete payment instruction. The payment will leave your account within 2 Business Days if we receive your complete payment instruction: • on a day which is not a Business Day; or • after 4.00pm Austrian local time on a Business Day. We may allow you to ask us to make your payment on a specific later date, in which case your payment will leave your account on that later date. Other provisions in this user agreement may cause the above timeframes to be extended. When we may refuse to make your payment We may treat your payment instruction as not complete and we may refuse to make your payment if: • you do not have enough money in your PayPal balance; • we have reason to believe that your linked funding sources do not have sufficient funds to cover the money required to make your payment; • you do not provide us with all mandatory information requested in the relevant payment or checkout flows which we use to obtain your payment instructions (for instance, sufficient details of the recipient as we may request and authentication of your payment instruction); • the payment exceeds the sending limit we tell you about when you try to make the payment; or • we ...
(a) Payment. The Executive’s Annual Base Salary is $485,000 as of the Amendment Date. The Executive has no benefits under nonqualified deferred compensation plans sponsored by the Company or its Affiliates The Executive will not be eligible for an award under the Company’s Annual Management Incentive Plan for the next performance year.
