Additional Lump Sum Payment Sample Clauses
The Additional Lump Sum Payment clause establishes the right or obligation for one party to make a single, fixed payment beyond the original contract amount. Typically, this clause is triggered by specific events such as changes in project scope, achievement of certain milestones, or as compensation for unforeseen circumstances. Its core practical function is to provide a clear mechanism for adjusting compensation in a straightforward manner, thereby reducing disputes and ensuring both parties understand when and how extra payments are to be made.
Additional Lump Sum Payment. ▇▇▇▇▇▇▇ agrees to pay Woodside a one-time payment in the amount of $300,000, paid in conjunction with the first severance payment.
Additional Lump Sum Payment. In the event that (a) Executive remains in the Company’s employ until Executive attains age fifty-five (55), or (b) Executive’s employment terminates for a reason other than termination for Cause or voluntary quit, Executive shall become entitled to a bonus payment of $800,000. The Company shall pay Executive (or, in the event of Executive’s death, Executive’s estate) such payment in a lump sum on the earlier to occur of Executive’s death or the first business day immediately following the six (6)-month anniversary of Executive’s Separation from Service (as such term is defined in Section 6.2(c)).
Additional Lump Sum Payment. Employee shall be entitled to receive payment, in a lump sum payable six months after the termination of the Agreement, in the following amounts:
(i) if the termination occurs prior to January 1, 2007 $225,000;
(ii) if the termination occurs on or after January 1, 2007 — $225,000 plus $13,542 for each month (or partial month) of employment with FCMC after December 31, 2006. However, in no event shall the amount paid pursuant to this subsection exceed Employee’s salary as of the date of such termination plus an amount equal to the value of Employee’s total benefits for the prior twelve (12) month period, as of the date of such termination.
Additional Lump Sum Payment. In the event Executive (a) remains in the Company’s employ until Executive attains age fifty-five (55), (b) terminates employment under section 6.1 on or after age fifty-two, or (c) dies or becomes disabled, the Company shall pay Executive (or, in the event of Executive’s death, Executive’s estate) $800,000 in a lump sum as soon as administratively feasible following the termination of Executive’s employment with the Company.
Additional Lump Sum Payment. You will not be entitled to an Additional Lump Sum Payment in the amount of $50,000 within thirty (30) days of your Termination Date or otherwise and you hereby waive any right you may otherwise have to (or to retain) any such payment. Bonus Eligibility: You will not be entitled any bonus for calendar year 2025. The payments described under the “Lump Sum Payment” and “Additional Lump Sum Payment” are collectively referred to for purposes of this Amendment as “Lump Sum Payments”.
Additional Lump Sum Payment. If Executive (a) remains in the Company’s employ until Executive attains age fifty-five (55) or (b) dies or becomes Disabled during the Term of Employment, the Company shall pay Executive (or, in the event of Executive’s death, Executive’s estate) $800,000 in a lump sum as soon as administratively feasible (and in no event later than the end of the short-term deferral period under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)) following the termination of Executive’s employment with the Company.
Additional Lump Sum Payment. ▇▇. ▇▇▇▇▇▇▇ shall be entitled to a separate payment of $100,000, which shall be paid in one lump sum (subject to appropriate withholdings as described below) to ▇▇. ▇▇▇▇▇▇▇ at the time of the Company’s first normal payroll following payment of the last of the installments paid to ▇▇. ▇▇▇▇▇▇▇ in accordance with paragraph 3a above (i.e., in July 2010).
Additional Lump Sum Payment. Employee shall be entitled to receive payment, in a lump sum, in the following amounts:
(i) if the termination occurs prior to January 1, 2006 - $225,000;
(ii) if the termination occurs on or after January 1, 2006 - $225,000 plus $13,542 for each month (or partial month) of employment with the Company after December 31, 2005. However, in no event shall the amount paid pursuant to this subsection exceed Employee's salary as of the date of such termination plus an amount equal to the value of Employee's total benefits for the prior twelve (12) month period, as of the date of such termination.
Additional Lump Sum Payment. On January 1, 2016, Employer will provide Employee a lump-sum payment of $47,336.54.
Additional Lump Sum Payment. Provided you sign and do not revoke this Separation Agreement and timely execute and do not revoke the Release, and contingent upon complying with the Company’s Code of Conduct and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Policy, and your obligations set forth herein, the Company will make a lump sum severance payment to you representing an amount equal to $1,500,000. You will receive this payment within thirty (30) days following the Separation Date. You understand that the payment described in this Section is not for wages the Company concedes it owes you and is consideration for you signing the Release.