Cash Retention Sample Clauses

Cash Retention. Unless otherwise specified in the Letter of Intent or Work Order or Subcontract, an amount equivalent to 10% (ten percentage) of the gross value (including escalation payable, if any) of all invoices, running account xxxx / interim progress xxxx shall be deducted from all invoices / running account / interim progress bills towards Cash Retention. The retention money so withheld shall be returned without interest to the Subcontractor / PRW after completion of Defect Liability Period and Subcontractor / PRW’s fulfilling all its obligations, duties, responsibilities and liabilities under this Work Order / Subcontract and signing of ‘No Claim Certificate’ as per the format of the Company. In case of failure on the part of the Subcontractor / PRW to remedy the defects, the Company reserves its right to utilize this retention amount for carrying out the rectification works or discharging obligations, duties, responsibilities or liabilities of the Subcontractor / PRW and for this purpose the Company shall also have the right to invoke Cross Fall Breach and Set Off provisions of Clause 24.
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Cash Retention. A lump sum cash payment equal to $412,500, less all applicable authorized and required deductions and withholdings (the “Cash Retention”); and
Sample 1See All (4)
Cash Retention. You will be eligible to receive cash retention payments totaling up to $109,756 (the “Potential Retention Amount”), to be payable, if at all, as follows: •50% of the Potential Retention Amount ($54,878) will be payable if you remain employed by the Company through execution of an agreement providing for the merger or consolidation of the Company (or a wholly owned subsidiary of the Company) with a non-affiliate third-party (the “Merger Transaction”); and •50% of the Potential Retention Amount ($54,878) will be payable if you remain employed by the Company on the date of the closing of the Merger Transaction. The Company will pay any portion of the Potential Retention Amount that becomes payable, less all applicable taxes and withholdings, as a lump sum payment on the first regularly scheduled payroll date following the date on which such portion of the Potential Retention Amount becomes payable. If you cease to be employed by the Company for any reason prior to the date on which any portion of the Potential Retention Amount becomes payable, then you will not be eligible to receive such portion(s) of the Potential Retention Amount.
Sample 1
Cash Retention. Prior to the finalization of the Estimated Working Capital Statement, the Company shall comply with the restrictions set forth in Section 6.2(l); provided, however, that the Company shall be entitled to declare and pay cash dividends to the Sellers to the extent required to enable Sellers to pay Federal, state and/or local income Taxes that result from net income of the Company (or reasonable estimates thereof) being passed through to the Sellers. From and after the finalization of the Estimated Working Capital Statement and until the later of (x) the close of business on the day preceding the Closing Date and (y) the finalization of the Estimated Working Capital Statement, the Company shall be entitled to declare and pay cash dividends to the Sellers, but only to the extent that the such dividends do not cause the Target Working Capital to exceed the Estimated Working Capital.
Sample 1
Cash Retention. The Representing Sellers shall cause the Company and Trinity India as a whole, and in addition to the existing net working capital reflected in the Company's Interim Financial Statements, to retain as cash in hand, net of Selling Expenses and any unreserved Taxes, penalties and fines, at least United States $2.1 million on the Closing Date. The remainder amounts possessed by the Company on the Closing Date after setting aside the aforesaid amounts shall be paid to the Sellers.
Sample 1
Cash Retention. If the Compensation Committee of the Board, in its sole discretion, determines that you have achieved the Retention Goals referenced in subsection (iii) below before December 31, 2012, with such determination to be made on or before January 31, 2013, then you shall be paid a cash retention payment of $150,000, minus customary deductions for federal and state taxes and the like. Any cash retention payment to which you are determined to be entitled shall be paid to you no later than March 15, 2013.
Sample 1
Cash Retention. On the Effective Date, and on each of the second and third anniversaries of the Effective Date, the Company shall pay Executive $333,333, to the extent the Executive remains in the employ of the Company on such dates. Retention payments provided in this Agreement in no way affect the Executive's eligibility for any cash short-term incentive programs which the Board may put into place for the Company's executive officers. If, prior to the first anniversary of the Effective Date, the Executive's employment is terminated by (i) the Company for Cause (as defined in Section 6.3) or (ii) the Executive without Good Reason (as defined in Section 6.4), then the Executive shall repay to the Company, within five (5) days of such termination of employment, a lump sum amount equal to the product of (x) and (y), where (x) is the after-tax amount received from the Company in respect of the first retention payment and (y) is a fraction, the numerator of which shall be the number of days between the date of the Executive's termination of employment and the first anniversary of the Effective Date and the denominator of which shall be 365.
Sample 1
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Cash Retention 
Sample 1

Related to Cash Retention

  • Risk Retention The Seller, as sponsor, shall retain an economic interest in a material portion of the credit risk of the Receivables, which interest retention obligation may be satisfied by retaining a representative sample of the Receivables having a principal balance equal to not less than 5% of the Cutoff Date Pool Balance. This retained interest may not be sold, pledged or hedged, except for the hedging of interest rate or currency risk, during the term of the transactions contemplated hereby. ARTICLE FOUR ADMINISTRATION AND SERVICING OF RECEIVABLES

  • Final Retention Subject to the provisions of this Work Letter, a check for the Final Retention payable jointly to Tenant and Contractor, or directly to Contractor at Landlord’s sole discretion, shall be delivered by Landlord to Tenant within thirty (30) days following the completion of construction of the Improvements, provided that (i) Tenant delivers to Landlord (a) paid invoices for all Improvements and related costs for which the Improvement Allowance is to be dispersed, (b) signed permits for all Improvements completed within the Premises, (c) properly executed unconditional mechanics lien releases in compliance with both California Civil Code Section 8134 and either Section 8136 or Section 8138 from Tenant’s contractor, subcontractors and material suppliers and any other party which has lien rights in connection with the construction of the Improvements, (ii) Landlord has determined that no substandard work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building, or any other tenant’s use of such other tenant’s leased premises in the Building, (iii) Architect delivers to Landlord a “Certificate of Substantial Completion”, in a form reasonably acceptable to Landlord, certifying that the construction of the Improvements in the Premises has been substantially completed, (iv) Tenant delivers to Landlord a “close-out package” in both paper and electronic forms (including, as-built drawings, and final record CADD files for the associated plans, warranties and guarantees from all contractors, subcontractors and material suppliers, and an independent air balance report); and (v) a certificate of occupancy, a temporary certificate of occupancy or its equivalent is issued to Tenant for the Premises.

  • Period of Retention All books, records, reports, and statements relevant to this Contract must be retained a minimum three years and for five years if any federal funds are used under this Contract. The retention period runs from the date of payment for the relevant goods or services by the City, or from the date of termination of this Contract, whichever is later. Retention time shall be extended when an audit is scheduled or in progress for a period reasonably necessary to complete an audit and/or to complete any administrative and judicial litigation which may ensue.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Document Retention As used in this Section 15.2, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: financial and tax accounting records; land, title and division of interest files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven years following the Closing Date (or for such longer period as may be required by law or governmental regulation), and shall allow Seller or its representatives, at Seller’s expense, to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of the Documents at its expense.

  • Progress Payments; Retainage A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on or about the first day of each month during performance of the Work as provided in Paragraph 6.02.A.1 below, provided that such Applications for Payment have been submitted in a timely manner and otherwise meet the requirements of the Contract. All such payments will be measured by the Schedule of Values established as provided in the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no Schedule of Values, as provided elsewhere in the Contract.

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

  • Award and Insurance Benefits Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Awards or Insurance Proceeds lawfully or equitably payable in connection with the Property, and Lender shall be reimbursed for any expenses incurred in connection therewith (including attorneys’ fees and disbursements, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of Casualty or Condemnation affecting the Property or any part thereof) out of such Insurance Proceeds.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Financial Services Compensation Scheme We are a participant in the Financial Services Compensation Scheme (the “FSCS”). As a retail client you may be eligible to claim compensation from the FSCS in certain circumstances if we, any approved bank, our nominee company or eligible custodian are in default. Most types of investment business are covered in full for the first £85,000 of any eligible claim. Not every investor is eligible to claim under this scheme: for further information please contact us, or the FSCS directly at xxx.xxxx.xxx.xx.

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