Company’s Payment Obligation. Subject to the provisions of section 4, Company’s obligation to make the payments and the arrangements provided in this section 3 shall be absolute and unconditional, and shall not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which Company may have against Executive or anyone else. All amounts payable by Company under this section 3 shall be paid without notice or demand and each and every payment made by Company shall be final, and Company shall not seek to recover all or any part of such payment from Executive or from whomsoever may be entitled thereto, for any reason except as provided in section 3(k) above or in section 4.
Company’s Payment Obligation. Conditional On Participant's Availability for Advisory and Consultative Services after Severance of Employment.
Company’s Payment Obligation. No reference herein to the Indenture Terms and no provision of this Note or of the Indenture shall alter or impair the obligations of the Company, which are absolute and unconditional, to pay the principal of and any interest on this Note at the times, places and rates, and in the coin or currency herein prescribed, and to perform the conversion obligations of the Company herein prescribed.
Company’s Payment Obligation. For so long as the security interest described in Section 4 is in effect, the Company shall pay all premiums and other expenses on the Policy as they become due through March 2, 2007 (the date of Xxxxxx'x 65th birthday). The Company may, but is not required to, continue to pay such premiums and expenses after such date.
Company’s Payment Obligation. Bank must receive payment or settlement for a Payment Order before Bank will execute it or pay a beneficiary. Company hereby authorizes Bank to charge any Account(s) with Bank in the amount of Payment Orders, fees or other obligations of Company under this Agreement. If Bank should elect to overdraw Company's Account(s), Company agrees to repay Bank immediately unless otherwise agreed upon by Bank and Company. Company may be entitled to a refund of a Payment Order if it is not completed, unless it is due to the insolvency of or a failure to refund by an intermediary.
Company’s Payment Obligation. Conditional On Participant's Availability for Advisory and Consultative Services after Severance of Employment. (a) It is a further condition of the Company's obligation to make payments hereunder that from the date of the occurrence of an event described in (b), (c) or (d) of Section 1 of Article IV hereof that shall have given rise to the obligation to pay and until the close of the last calendar year in respect of which the Participant may become entitled to receive payments hereunder, that the Participant, if not physically or mentally disabled, shall, as an independent contractor and upon not less than thirty (30) days prior written notice from the Company, make his or her services available to the Company for such periods of time as may be specified in the notice, as an advisor and consultant with respect to activities of the department or unit of the Employer's business to which the Participant was last assigned, provided, however, that the Participant shall not be obligated to make his or her services available (i) for more than sixty (60) days in the aggregate and for more than twenty (20) consecutive days in any one calendar year, and (ii) during the period December 15 through January 15. The Company shall reimburse the Participant for reasonable traveling, transportation and living expenses necessarily incurred by the Participant while away from his or her regular place of residence in the performance of such advisory and consultative services for the Company. (b) In the event the Participant chooses not to render advisory and consultative services when requested by the Company as provided in Subsection (a) above, the Company's obligation to make payments hereunder shall forthwith terminate as to payments which might otherwise have become payable to the Participant in respect of the calendar year in which such event occurred and to the Participant or the Beneficiary in respect of all calendar years thereafter, but the Participant shall not be obligated to refund to the Company any payments theretofore paid to Participant hereunder. <PAGE> 12 VII.
