COMPANY SPECIAL PAYMENT Sample Clauses
The COMPANY SPECIAL PAYMENT clause establishes the terms under which a company provides an additional payment to an individual or entity, separate from regular compensation or fees. This clause typically outlines the conditions that must be met to trigger the special payment, such as achieving specific performance targets, completing a project milestone, or fulfilling certain contractual obligations. Its core practical function is to incentivize desired outcomes or recognize exceptional contributions, thereby motivating performance and clarifying the circumstances under which extra compensation is warranted.
COMPANY SPECIAL PAYMENT. As a condition of Parent’s willingness, and in order to induce Parent, to enter into this Agreement and to reimburse Parent for incurring the damages, costs and expenses related to entering into this Agreement and consummating the transactions contemplated by this Agreement, the Company will pay to Parent the sum of $1.5 Million (the “Company Special Payment”), if and only if a Payment Event (as hereinafter defined) shall have occurred before the Special Payment Termination Date (as hereinafter defined) determined in accordance with Section 9.03(c).
COMPANY SPECIAL PAYMENT. As a condition of Parent's willingness, and in order to induce Parent, to enter into this Agreement and to reimburse Parent for incurring the damages, costs and expenses related to entering into this Agreement and consummating the transactions contemplated by this Agreement, the Company will pay to Parent the sum of $6,000,000 (as such amount may be adjusted pursuant to Section 9.03(d), the "COMPANY SPECIAL PAYMENT"), if and only if a Payment Event (as hereinafter defined) shall have occurred before the Special Payment Termination Date (as hereinafter defined) determined in accordance with Section 9.03(c).
COMPANY SPECIAL PAYMENT. As a condition of Parent's willingness, and in order to induce Parent, to enter into this Agreement and to reimburse Parent for incurring the damages, costs and expenses related to entering into this Agreement and consummating the transactions contemplated by this Agreement, the Company agrees to make a Company Special Payment to Parent, under the circumstances described below.