Beginning on the Commencement Date. Tenant agrees to pay the Rent set forth in Section 1(K) to the Payee specified in Section 1(L),at the address specified in Section 1(M), or to such other payee (which shall be the Landlord or its nominee) or at such other address as may be designated by notice in writing from Landlord to Tenant, without prior demand therefor and without any deduction or setoff whatsoever. During the Term hereof, Rent shall be paid in accordance with the Prime Lease. Tenant's covenant to pay Rent is independent of every other covenant in this Sublease. If Rent is not paid when due, Tenant shall pay, relative to the delinquent payment, an amount equal to the sum which would be payable by Landlord to Prime Landlord for an equivalent default under the Prime Lease. If any installment of Rent provided for herein is not paid when due, Tenant shall pay any late charge or interest obligation required to be paid by Landlord under the Prime Lease.
Beginning on the Commencement Date. Tenant covenants and agrees to pay as Rent (hereinafter defined) for the Premises the following amounts set forth in this Section 4 and as otherwise provided in this Lease. "Additional Rent" shall mean such costs, expenses, charges and other payments to be made by (or on behalf of) Tenant to Landlord (or to a third party if required under this Lease), whether or not the same be designated as such. "Rent" or "rent" shall mean all Annual Base Rent (hereinafter defined) and Additional Rent due hereunder.
Beginning on the Commencement Date. Tenant agrees to pay the Base Rent set forth in Section 1.10 to the Payee specified in Section 1.11, at the address specified in Section 1.12, or to such other payee or at such other address as may be designated by advanced notice in writing from Landlord to Tenant, without prior demand therefor and without any deduction whatsoever. Base Rent shall be paid in equal monthly installments in advance on the first day of each month of the Term, except that the first installment of Base Rent shall be paid by Tenant to Landlord upon execution of this Sublease by Tenant. Base Rent shall be prorated for partial months, if any, at the beginning and end of the Term. Base Rent may also be referred to herein as "Rent". Tenant's covenant to pay Rent shall be independent of every other covenant in this Lease. If Rent is not paid when due, Tenant shall pay, relative to the delinquent payment, an amount equal to the sum which would be payable by Landlord to Prime Landlord for an equivalent default under the Prime Lease.
Beginning on the Commencement Date and during the term of this Agreement, Employer hereby agrees to continue Employee in its employ, and Employee hereby agrees to remain in the employ of Employer, pursuant to the terms and conditions set forth herein.
Beginning on the Commencement Date. Tenant shall pay the annual Fixed Rent in equal monthly installments in advance on the first (1st) calendar day of each and every calendar month. If the Commencement Date occurs on a day other than the first day of a calendar month, the Fixed Rent for the partial calendar month shall be prorated. Notwithstanding the foregoing, Tenant will not be required to pay Fixed Rent for the first three (3) months of the Term, so that the annual Fixed Rent for the first Lease Year will be $114,635.25.
Beginning on the Commencement Date the Company shall pay ------ the Employee a base salary at the annual rate of Two Hundred Sixteen Thousand Dollars ($216,000) (as the same may hereafter be adjusted, the "Salary") during the term of this Agreement. The Salary shall be inclusive of all applicable income, social security and other taxes and charges that are required by law to be withheld by the Company (collectively, "Taxes") and shall be paid and withheld in accordance with the Company's normal payroll practices for its executive employees from time to time in effect.
Beginning on the Commencement Date. (subject to adjustment pursuant to Section 2 above), the Base Rent (excluding Management Charges, rates, government rent and other outgoings) (“Base Rent”) for the Premises shall be in accordance with the Schedule of Monthly Base Rents set forth in Section E of Summary. For the avoidance of doubt, property tax and other payments of a capital or non-recurring nature (unless already assimilated as part of the Management Charges mentioned in Section 4.1) shall be Landlord’s sole responsibility.
Beginning on the Commencement Date. Tenant covenants and agrees to pay to Landlord, without notice, demand or set-off, at Landlord's address for notice (Landlord's and Tenant's notice addresses being the addresses specified in Section 28.7 hereof), as "Fixed Rent" for the Premises:
Beginning on the Commencement Date. Tenant agrees to pay base rent to Landlord without notice or demand and without any offset or reduction whatever (except as made in accordance with the express provisions of this Lease), equal to the Base Rent in equal monthly installments in advance on the first day of each calendar month included in the Term. If the Commencement Date occurs on a day other than the first day of a calendar month, Tenant shall pay to Landlord, on the Commencement
Beginning on the Commencement Date the Company shall pay the Employee a base salary at the annual rate of Two Hundred Fifty-Three Thousand Dollars ($253,000) (as the same may hereafter be adjusted, the "Salary") during the term of this Agreement. The Salary shall not be reduced during the term of this Agreement. The Salary shall be inclusive of all applicable income, social security and other taxes and charges that are required by law to be withheld by the Company (collectively, "Taxes") and shall be paid and withheld in accordance with the Company's normal payroll practices for its executive employees from time to time in effect. The Salary shall be subject to increase in the discretion of the President and CEO and the Board of Directors of the Company based upon the achievement of the sales, income and cash generation goals set forth in the Plan for the applicable fiscal year.
