Delayed Compensation Sample Clauses

Delayed Compensation. In the event that the Settlement Date in respect of any Forward Purchase (a) does not occur on the Trade Date thereof and (b) occurs (i) on or before seven (7) business days of such Trade Date (such date, a “Delayed Comp Trigger Date”), the Parties agree that any references to “Trade Date” in this Agreement (other than in this Section 2.8 and in the definition of “Trade Date” and Sections 2.2, 2.4 and 3.1) shall be deemed references to such Settlement Date and (ii) after the Delayed Comp Trigger Date in respect of such Forward Purchase, any references to “Trade Date” in this Agreement (other than in this Section 2.8 and in the definition of “Trade Date” and Sections 2.2, 2.4 and 3.1) shall be deemed references to such Delayed Comp Trigger Date, and Purchaser shall pay to Cliffwater or CCLF Sub, as applicable, with respect to such Forward Purchase (and if it has not been sold by way of a participation) an amount equal to the product of (A) the sum of (I) the average of all the individual daily simple SOFRs for each day in the period from (and including) the date two (2) business days before the Delayed Comp Trigger Date and to (but excluding) the date that is two (2) business days before the Settlement Date of such Forward Purchase plus (II) a spread adjustment equal to 11.448 basis points, times (B) the Purchase Price of such Forward Purchase, times (C) the actual number of days elapsed between the Delayed Comp Trigger Date and the Settlement Date, in each case, of such Forward Purchase, times (D) 1/360.
Sample 1
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Delayed Compensation. The amount of the Delayed Compensation shall be calculated as follows: Delayed Compensation = ∑ Rated Power of each delayed Co-location Server (kW) × US$0.01 × Number of delayed hours (any fractional delay of an hour shall be rounded up to next hour)
Sample 1

Related to Delayed Compensation

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Employment Compensation Schedule 4.16 contains a true and correct list of all employees to whom any Target is paying compensation, including bonuses and incentives, at an annual rate in excess of $100,000 for services rendered or otherwise, and, in the case of salaried employees, such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

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