Further Payment Sample Clauses
The 'Further Payment' clause establishes the conditions under which additional payments may be required beyond the initial agreed amounts in a contract. Typically, this clause outlines scenarios such as changes in project scope, unforeseen expenses, or adjustments due to regulatory changes, specifying how and when such extra payments should be calculated and invoiced. Its core practical function is to provide a clear mechanism for handling financial adjustments, thereby reducing disputes and ensuring both parties understand their obligations if extra costs arise.
Further Payment. Except as otherwise specified in Exhibit A, upon termination of employment for any reason no further payments by the Company to Employee will be due other than accrued but unpaid base salary through the applicable date of termination and any other accrued benefits to which Employee may be entitled.
Further Payment. Upon Successful Completion of the Initial Public Offering, Company shall cause to be paid to Assignor further Assignment Fees in the sum of Two Million Fifty Thousand Dollars (US$2,050,000.00).
Further Payment. Upon Successful Completion of the Initial Public Offering, Company shall cause to be paid to Assignors a further Assignment Fee in the sum of One Million Four Hundred Thousand Dollars (US$1,400,000.00).
Further Payment. In no case shall Microsoft be required to make any --------------- payments on major Product Release of Hydrix beyond version 5.x, or any amount in excess of $175 Million Dollars under this Agreement.
Further Payment. Except as otherwise specified in Exhibit B, upon the termination of employment for any reason, no further payments by Company to Employee will be due other than (i) accrued but unpaid base salary through the applicable date of termination and any other accrued benefits to which Employee may be entitled, (ii) only in the case of a termination of Employee’s employment by the Company not for Cause (for the avoidance of doubt, excluding a voluntary resignation and a termination for Cause) and subject to Employee’s compliance with the covenants set forth in Exhibit B through the date of payment of the Pro-Rated Bonus and Employee’s execution of a release of claims in favor of Company, its affiliates and their respective officers, directors and managers in a form reasonably acceptable to Company, a pro-rated bonus for the year in which such termination occurs (the “Pro-Rated Bonus”), with the amount of such Pro-Rated Bonus being equal to Employee’s target bonus for the year in which such termination occurs multiplied by a fraction, the numerator of which shall equal the number of calendar days Employee was employed by Company during the year in which Employee’s employment terminates and the denominator of which shall equal three hundred sixty-five (365), to be paid in a cash lump sum (with no portion of such amount being subject to Company’s delayed payment program) at such time as Company pays its regular year-end bonuses for such fiscal year to its other employees, and (iii) other than as set forth in Section 5.6 in connection with a termination for Cause, Employee’s time-vested RSUs and Options shall not be impacted by such termination of employment (including, without limitation, that such RSUs and Options shall not be forfeited as a result of such termination of employment) irrespective of whether or not a Liquidity Event occurred during or following Employee’s employment with Company. The fact that a Liquidity Event does not occur during Employee’s employment with Company will not, in and of itself, cause a forfeiture of such RSUs and Options.
Further Payment. [*****] ---------------
Further Payment. The total further payment in respect of 100 per cent. (100%) of ATF Bank's total issued and allotted share capital shall be calculated as follows:
(i) 2007 consolidated net profit of ATF Bank grossed up by any amounts deducted in relation to the impact on the 2007 profit and loss account related to any item which, as identified in the 2007 audited consolidated financial statements of ATF Bank and its subsidiaries (the “2007 Accounts”), leads to a restatement of the 2006 year end equity, including any related tax impacts (the “Accounting Discrepancy”), all multiplied by fifty per cent. (50%);
(i) minus
(ii) one hundred per cent. (100%) of the amounts deducted in relation to the impact on the 2007 profit and loss account related to the Accounting Discrepancy;
(ii) minus
(iii) minus
(i) such proportion of the Further Payment which is so allocated to the common shares of ATF Bank as is equal to the total issued and allotted common shares sold by it, and
(ii) such proportion of the Further Payment which is so allocated to each class of preferred shares of ATF Bank as is equal to the total issued and allotted preferred shares of the relevant class sold by it. The Further Payment shall be paid within fifteen (15) business days of the date of final approval of the 2007 Accounts into the accounts provided by the selling shareholders pursuant to the written confirmation described below and attached as Appendix 1. The same rules will apply to the shareholders of ATF Bank which tender their shares during the mandatory tender offer described in Section 4 below. To be eligible for the Further Payment, each shareholder of ATF Bank who has sold its shares to BA-CA through the Auctions will have to deliver to JSC Verny Capital (being a designated broker of BA-CA), within thirty (30) days from the date of the Auctions, a written confirmation of its acceptance of the Purchaser's offer to make the Further Payment in the form attached hereto as Appendix 1. The original written confirmation must be hand delivered or couriered to JSC Verny Capital at the address provided in the written confirmation.
Further Payment. Pursuant to the Transition Agreement to, Company agrees to pay the Employee as set forth therein