Fidelity Payment Sample Clauses
Fidelity Payment. Employee and Employer each agrees and confirms that neither has any further obligation to the other with respect to any “Fidelity Payment” (as such term is used in the Existing Agreement).
Fidelity Payment. Employer agrees to pay Employee a Fidelity Payment ---------------- of TWENTY THOUSAND DOLLARS ($20,000) in two equal installments. The first installment of TEN THOUSAND DOLLARS ($10,000) shall be paid within thirty (30) days after Employee's first day of work under the Initial Term of this Executive Employment Agreement. The second installment of TEN THOUSAND DOLLARS ($10,000) shall be paid on January 28, 2000. Employee agrees that the fidelity payment is not otherwise due Employee, but arises solely from this Agreement and is subject to all remaining terms and conditions of this Agreement.