Beginning on Sample Clauses
Beginning on. “Rent Commencement Date”), Tenant agrees to pay Landlord (or its Agent as directed by Landlord), without notice, demand, deduction or set off, an annual rental of $ , payable in equal monthly installments of $ , in advance on the first day of each calendar month during the term hereof. Upon execution of this Lease, Tenant shall pay to Landlord the first monthly installment of rent due hereunder. Rental for any period during the term hereof which is less than one month shall be the pro-rated portion of the monthly installment of rental due, based upon a 30 day month. ❑ If this box is checked, the annual rental payable hereunder (and accordingly the monthly installments) shall be adjusted every Lease Year Anniversary by % over the amount then payable hereunder. In the event renewal of this Lease is provided for in paragraph 2 hereof and effectively exercised by Tenant, the rental adjustments provided herein shall apply to the term of the Lease so renewed, or ❑ If this box is checked, the annual rental payable hereunder (and accordingly the monthly installments) shall be adjusted every Lease Year Anniversary by the greater of: (i) percent ( %) over the amount then payable hereunder, or, (ii) the percentage increase (but not any decrease) in the numerical index of the “Consumer Price Index for All Urban Consumers” (1982-84 = 100) published by the Bureau of Labor Statistics of the United States Department of Labor (“CPI”) for the immediately preceding twelve (12) month period over the amount then payable hereunder. ❑ If this box is checked, the annual rental payable hereunder (and accordingly the monthly installments) shall be adjusted every Lease Year Anniversary by $ over the amount then payable hereunder. In the event renewal of this Lease is provided for in paragraph 2 hereof and effectively exercised by Tenant, the rental adjustments provided herein shall apply to the term of the Lease so renewed, ❑ If this box is checked, Tenant shall pay all rental to Landlord’s Agent at the following address:
Beginning on. Ending on:
Beginning on. The agreement shall continue after the end of this period, under the same terms and conditions, for additional one year periods unless terminated in writing by either party at least sixty days prior to the scheduled termination. This agreement shall terminate, at the option of the Operator, if Operator ceases to operate the confinement feeding operation.
Beginning on. June 1, 2002, and on the first day of each month thereafter, in monthly installments of $48,333.
Beginning on and ending on ........................... . and 100% on .; provided, however, that if the date fixed for redemption is on a . or ., then the interest payable on such date shall be paid to the holder of record on the preceding . or ., respectively. The Issuer may not give notice of any redemption of the Notes if a default in the payment of interest or premium, if any, on the Notes has occurred and is continuing. The Notes are not subject to redemption through the operation of any sinking fund. If a Fundamental Change occurs at anytime prior to ., the Notes will be redeemable on the 30th day after notice thereof (the "Repurchase Date") at the option of the holder of the Notes at a redemption price equal to 100% of the principal amount thereof, together with accrued interest to (but excluding) the date of redemption; provided, however, that, if such Repurchase Date is a . or ., the interest payable on such date shall be paid to the holder of record of the Notes on the preceding . or ., respectively. The Notes will be redeemable in multiples of $1,000 principal amount. The Issuer shall mail to all holders of record of the Notes a notice of the occurrence of a Fundamental Change and of the redemption right arising as a result thereof on or before the 10th day after the occurrence of such Fundamental Change. For a Note to be so redeemed at the option of the holder, the Issuer must receive at the office or agency of the Issuer maintained for that purpose in accordance with the terms of the Indenture, such Note with the form entitled "Option to Elect Repayment Upon a Fundamental Change" on the reverse thereof duly completed, together with such Note, duly endorsed for transfer, on or before the 30th day after the date of such notice of a Fundamental Change (or if such 30th day is not a Business Day, the immediately succeeding Business Day). Subject to the provisions of the Indenture, the holder hereof has the right, at its option, at any time after the original issuance of any Notes through the close of business on the final maturity date of the Notes, or, as to all or any portion hereof called for redemption, prior to the close of business on the Business Day immediately preceding the date fixed for redemption (unless the Issuer shall default in payment due upon redemption thereof), to convert the principal hereof or any portion of such principal which is $1,000 or an integral multiple thereof into that number of shares of the Issuer's Common Stock (as such shares...
Beginning on of the Increased Royalty Commencement Date, the royalty rates set forth in the table in Section 6.3.1(a)(i) above shall each be increased by [... * .
Beginning on. 1-May-2005, Employee shall be eligible to receive a bonus (the "Quarterly Bonus") as follows: For each fiscal quarter that Quarterly Goals are met by Employee, Employee shall be paid a bonus amount up to $20,000 . Quarterly Goals that apply to a specific fiscal quarter shall be delivered to Employee in writing before the 30th day after the start of each fiscal quarter by the Board on such Quarterly Goals. If Board does not set Quarterly Goals by the 30th day after the start of a fiscal quarter, then 100% of the Bonus amount associated with the Quarterly Goals shall be paid to the Employee for that fiscal quarter. Such "Quarterly Bonus" shall be payable to Employee by the 30th business day following the last day of the regular two week pay period which includes the last calendar day of the fiscal quarter.
Beginning on or before October 1 of each year during the term hereof the parties shall work diligently and in good faith to develop an annual operating budget of the Venture for the next year, which budget shall include a description of proposed Projects for the next year (the "Annual Budget"). In attempting to develop an Annual Budget, each party shall act in a reasonable, non-arbitrary manner, giving due consideration to the number and magnitude of Projects undertaken in the current year, as well as reasonably expected growth of the Venture during the next year. If the parties are not able to agree, by December 1, on an Annual Budget for the next year, then HOB shall have the right to purchase Platinum's entire interest in the Venture by giving written notice thereof to Platinum by December 31 (the "HOB Option"). If HOB elects to exercise the HOB Option, HOB shall pay to Platinum, within thirty (30) days after the time of the election of the HOB Option (or cause to be paid to Platinum at such time, for example, by locating a third party to assume Platinum's Venture interest) an amount equal to any unpaid loans or advances by Platinum and any cash capital contributions of Platinum not previously distributed hereunder. If HOB does not elect to exercise the HOB Option, and the parties are not otherwise able to agree to an Annual Budget, then the Venture shall continue as provided herein and the Annual Budget for the next year shall be the same as the Annual Budget for the current year, as adjusted for changes in the Wholesale Price Index. HOB shall not be entitled to exercise the HOB Option if the amount of the Annual Budget finally proposed by HOB and rejected by Platinum (i) varies by more than one hundred twenty five percent (125%) from the Annual Budget of the immediately preceding year or (ii) exceeds the amount of the Annual Budget of the immediately preceding year, and the Venture operated at a loss for such period. Each such calculation shall be adjusted for changes in the Wholesale Price Index.
Beginning on. August 1, 2005, if elected by the Employee, the Company will pay both the employer and employee portions of COBRA premium payments for medical and dental coverage for a period of five (5) months ending December 31, 2005. The employee has the right to continue COBRA coverage, at his own expense, for an additional 13 months. Such benefits may be continued but only to the extent that Employee makes timely premium payments for such continuation of benefits. Notwithstanding the above, the Employee will not be eligible for any bonuses, stock options (other than as previously granted), or accrual of any vacation time under this Agreement. The parties agree that through July 31, 2005, Employee's stock options, as previously granted, shall continue to vest in accordance with the vesting schedules set forth in Employee's Incentive Stock Option Agreements dated July 23, 2003 and November 21, 2003. All other of the Employee's Incentive Stock Option Agreements dated May 1, 1997, December 11, 1997, May 3, 1999, July 15, 1999, December 11, 2000, November 19, 2001 and March 8, 2002 are fully vested. Employee's rights to exercise such stock options shall remain subject to the terms and conditions of the Datawatch Corporation 1996 Stock Option Plan and the above-referenced Incentive Stock Option Agreements. It being agreed, for purposes of this agreement, that Employee's employment by the corporation will terminate on July 31, 2005.