Consideration for Grant Sample Clauses

Consideration for Grant. Participant shall not be required to pay any cash consideration for the grant of an Award. In the case of grants of Units and Performance Units, as to which cash consideration at the time of grant or vesting shall not be required, the Participant's Employment from the grant date to the date of vesting shall be deemed to be consideration for the grant, which services have a value at least equal to the aggregate par value of the shares being newly issued in connection with the grant. The foregoing notwithstanding, an Award may be granted in exchange for the Participant’s surrender of another Award or other right to compensation, if and to the extent permitted by the Committee.

Consideration for Grant. Participant shall not be required to pay any cash consideration for the grant of the Awards. In the case of the grant of Units, as to which cash consideration at the time of grant or vesting shall not be required, the Participant’s performance of services to the Company from the grant date to the date of vesting shall be deemed to be consideration for the grant, which services have a value at least equal to the aggregate par value of the shares being newly issued in connection with the grant.

Consideration for Grant. 2.1 In consideration of the grant of the IRUs hereunder by QWEST to FRONTIER, FRONTIER agrees to pay to QWEST an IRU fee determined based on the QWEST System route mileage (and allocated among the Segments based on Segment route mileage) as follows (the "IRU Fee"): (a) Initially, the IRU Fee shall be determined based on the following per-route-mile pricing: (i) $* per route mile for all Segments other than those (A) between the cities of Cleveland and Boston, as identified in Exhibit A, (B) between the City of Albany, New York and the location at ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ in New York City, as identified in Exhibit A, and (C) between the cities of Philadelphia and New York City, as identified in Exhibit A; and (ii) $* per route mile for all Segments identified in clause (a)(i)(A) above conditioned upon FRONTIER making available to QWEST at least twenty-four (24) non-zero dispersion shifted Dark Fibers between Boston and ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ at a price not to exceed $* (failing which condition the IRU Fee shall be $* per route mile for such Segments identified in clause (a)(i)(A)) and clause (a)(i)(B) above; and (iii) $* per route mile (unless the parties mutually agree on a lesser amount) for all Segments identified in clause (a)(i)(C) above. (b) If FRONTIER timely elects to exercise the System Fiber Option in its entirety as provided pursuant to Section 1.4(a)(i), the IRU Fee shall be redetermined based on the price of (i) $* per route mile for all Segments identified in the clauses (a)(i) and (a)(ii) above; and (ii) $* per route mile (unless the parties mutually agree on a lesser amount) for all Segments identified in clause (a)(iii) above. (c) If FRONTIER timely elects to cancel the System Fiber Option in its entirety as permitted pursuant to Section 1.4(a)(ii)(A), the IRU Fee shall be redetermined based on the price of * MATERIAL HAS BEEN OMITTED PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT AND SUCH MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION. 11 (i) $* per route mile for all Segments identified in the clauses (a)(i) and (a)(ii) above; and (ii) $* per route mile (unless the parties mutually agree on a lesser amount) for all Segments identified in clauses (a)(iii) above. (d) If FRONTIER timely elects to exercise the System Fiber Option in part, as permitted pursuant to Section 1.4(a)(ii)(B), the IRU Fee shall be redetermined with respect to all Segments as follows: (i) $* per route mile for all Segments identified in clauses (a)(i) and (a)(ii) abo...

Consideration for Grant. Although this Option may be exercised only if employment is continuous as provided in Section 3 hereof, it is understood that such employment shall, subject to the terms of any employment contract, be at the pleasure of the employer and at such compensation as the employer shall reasonably determine from time to time. Nothing in the Plan or in this Option shall confer on the Employee any right to continue in the employment of the Company or any of its affiliates or to interfere in any way with the right of the Company or its affiliates to terminate his or her employment at any time.

Consideration for Grant. 2.1 In addition to the amounts required to be paid pursuant to Sections 1.1(b) and 1.1

Consideration for Grant. 2.1 In consideration of the grant of the IRU hereunder by Pathnet to Customer, Customer agrees to pay to Pathnet, within five (5) days after the Acceptance Date, an IRU fee (the "IRU Fee") of the amount of -------- "*", payable on the Delivery Date. Payment shall be made to an escrow account specified by Pathnet.. 2.2 In addition to the amounts payable under Section 2.1, Customer shall pay directly or reimburse Pathnet for all costs and expenses to be paid by Customer as set forth in this Agreement, including, without limitation, the costs and expenses described in Articles 7, 8 and 13. 2.3 The consideration for the use of the space in Pathnet's facilities described in section 7.2 shall be as provided in the Collocation Agreement attached hereto as Exhibit H, and payable as set forth therein. 2.4 Customer shall pay the IRU Fee by wire transfer of immediately available funds to the account or accounts designated by Pathnet. 2.5 If Customer fails to make any payment under this Agreement when due, such amount shall accrue interest from the date such payment is due until paid, including accrued interest compounded monthly, at an annual rate of twelve percent (12%) or, if lower, the highest percentage allowed by law. If a dispute arises concerning an amount due by Customer, and it is later determined that the amount is due and owing to Pathnet, such amount shall bear interest from the date when due until paid, at the foregoing rate.

Consideration for Grant. As consideration for the right to use the Service Mark ▇▇▇ Trade Name, Grantee will pay Grantor a fee equal to (i) 2.75% of gross revenues of Grantee for the first three (3) years of this Agreement, (ii) 3.25% of Grantee's gross revenues for the following two (2) years of this Agreement, and (iii) 3.625% of Grantee's gross revenues for the remaining term of this Agreement, provided that after completion of the Merger the amount of such fee may not exceed (x) 2.75% of the gross revenues of Prison Realty Corporation for the first three (3) years of this Agreement, (y) 3.5% of the gross revenues of Prison Realty Corporation for the following two (2) years of this Agreement, and (z) 3.875% of the gross revenues of Prison Realty Corporation for the remaining term of this Agreement. The fee due hereunder shall be paid to Grantor by Grantee on a quarterly basis in arrears, such payments to be made on or before the 30th calendar day of the calendar quarter following the quarter for which such payment is due, with the first such payment being due on or before January 30, 1999 for the partial quarterly period ending December 31, 1998. The limitations described in clauses (x), (y) and (z) of the first sentence of this section 3 shall be applied on a quarterly basis, so that the amount of the quarterly fee payable hereunder shall equal the applicable percentage of Grantee's gross revenues for the preceding quarter as limited by the applicable percentage of Grantor's gross revenues for the preceding quarter. For purposes hereof, gross revenues means gross income as determined under Sections 856(c)(2) and (3) of the Internal Revenue Code of 1986, as amended. The parties agree to provide to each other upon request such financial and other information as may be reasonably required to determine or confirm the amount of the fee to be paid hereunder.

Consideration for Grant. 2.1 In consideration of the grant of the IRU hereunder by QWEST to NETWORK, NETWORK agrees to pay to QWEST an IRU Fee (the "IRU Fee") of $[**] per route mile as follows and in accordance with the payment schedule set forth below: (1) [**]% upon execution of this Agreement (2) [**]% upon completion of fiber cable placement in such Segment (3) [**]% upon completion of fiber splicing and civil construction (4) [**]% upon the Delivery Date for the Segment For purposes of determining the occurrence of the milestones triggering payment obligations hereunder, completion of fiber cable placement shall mean the fiber cable is pulled into the conduit, but without splicing. Completion of the fiber splicing and civil construction shall mean that the fibers are spliced and ready for testing and civil facilities are ready for the customer to occupy and install their equipment. 2.2 In addition to the amounts payable under Section 2.1, NETWORK shall be responsible to pay directly or reimburse QWEST for the pass-through expenses required to be paid pursuant to Article 8. 2.3 All payments to QWEST set forth in this Article 2 shall be made by wire transfer of immediately available funds to the account or accounts designated by QWEST. The initial payment shall be due within three (3) days of execution of the Agreement.

Consideration for Grant. 2.01 In consideration of the grant of the IRUs hereunder by QWEST to BTI, BTI agrees to pay to QWEST an IRU fee (the "IRU Fee") of $[ ] per [route mile] for [four (4)] fibers; $[ ] per [ ] for [ ] fibers; and $[ ] per [ ] for [ ] fibers for the mileage for the Segments set forth on Exhibit A-2, payable in accordance with the payment schedule set forth below: (1) [ ]% on [ ] (2) [ ]% upon [ ] (3) [ ]% upon [ ] (4) [ ]% upon [ ] (5) [ ]% upon [ ] (6) [ ]% upon [ ] (b) For purposes of determining the occurrence of the construction milestones triggering payment obligations hereunder, the following shall apply: (1) Commencement of construction of a Segment shall mean the establishment of a field office followed promptly by mobilization of either in-house crews or the subcontract of a construction manager. (2) Completion of conduit installation shall mean the completion of installation of the conduit system for the Segment, with handholes and manholes, ready for cable pulling. (3) Completion of fiber cable placement shall mean the fiber cable is either pulled into the conduit or completely installed in Aerial Installation, but without splicing. In the event of aerial construction, the IRU Fee installment otherwise due upon completion of conduit installation shall be due and payable at the same time as the installment due upon completion of fiber cable placement. (4) Completion of fiber splicing and Civil Construction shall mean all fibers are spliced and ready for testing and civil facilities are ready for the customer to occupy and install their equipment. 2.02 In addition to the amounts payable under Section 2.01, BTI shall be responsible to pay directly or reimburse QWEST for the pass-through expenses required to be paid pursuant to Article 15. 2.03 All payments to QWEST set forth in this Article 2 shall be made by wire transfer of immediately available funds to the account or accounts designated by QWEST. With the exception of the initial deposit due and payable on [ ], QWEST will fax or send by overnight delivery each invoice for payments of the IRU Fee. BTI will pay such invoiced amounts for receipt by QWEST within sixty (60) days after receipt of such invoice by BTI. 2.04 If BTI fails to make any payment under this IRU Agreement when due, such amount shall accrue interest from the date such payment is due until paid, including accrued interest compounded monthly, at an annual rate equal to [ ]%of the prime rate of interest published by The Wall Street Jou...