Inducement Payment. You hereby agree to exchange, discharge and settle your rights to any change in control severance pursuant to the Executive Agreement between you and the Company (such severance, the “CIC Severance”) for your rights with respect to the Inducement Payment (as defined in this Section A), subject to the terms and conditions set forth here. In order to provide you with a material inducement for the discharge and settlement of such rights to the CIC Severance, subject to your compliance with Sections D, F and G of this letter agreement, if you remain an active full-time employee of the Company, Xerox or any of their respective subsidiaries until the third anniversary of the Closing, you will receive a lump-sum cash payment in the amount set forth in the Offer Letter (such payment, the “Inducement Payment”) which corresponds to amounts due under the CIC Severance. Except as specifically provided in Section E of this letter agreement, you must be actively employed on the third anniversary of the Closing in order to be entitled to the Inducement Payment. The Inducement Payment will not be considered part of your earnings for purposes of calculating current or future benefits under any compensation or benefit programs maintained or sponsored by the Company, Xerox or any of their respective subsidiaries, including retirement plans, 401(k) plans and other benefit plans.
Inducement Payment. 11.1 Xxxxx Xxxx undertakes to pay to Offeror the sum of £8,960,000 (eight million, nine hundred and sixty thousand pounds sterling) (or such lesser amount as would be required to ensure that: (a) the 1 per cent. limit on inducement payments in the Code is not exceeded; and (b) no approval of Xxxxx Xxxx’x shareholders is required under chapter 10.2.7 of the Listing Rules) (the Inducement Payment) by way of compensation for any loss or damage suffered by Offeror if: (i) the Announcement is released in accordance with clause 2.1; and (ii) after such Announcement, a Competing Proposal completes, becomes effective or is declared or becomes unconditional in all respects (an Inducement Payment Event).
Inducement Payment. The Company shall pay the CSFB Entities the sum of Five Hundred Thousand Dollars ($500,000) on the Closing Date as an inducement by the Company to the CSFB Entities to exercise their conversion rights under the Equity Conversion Agreement. In addition, the Company shall pay or reimburse all reasonable out-of-pocket expenses incurred by the CSFB Entities, including attorneys' fees, in connection with the transactions contemplated by the Assignment Agreement or this Agreement.
Inducement Payment. In consideration for Your agreement to accept Your position with Acacia and to relinquish various positions that You currently hold with other organizations, Acacia shall pay to you a lump sum cash payment of $350,000, of which $150,000 has been paid to you prior to the date hereof and of which the remaining $200,000 shall be paid to you within 15 days of the Start Date. The payment described in the immediately preceding sentence will be subject to all appropriate federal and state withholding taxes in accordance with the normal payroll procedures of Acacia.
Inducement Payment. To induce Executive to remain in his position with the Company and to accept the responsibilities arising from the management of the Company following the Offer and the Merger, Parent or the Company will pay or cause to be paid to Executive on August 31, 1997, provided Executive is still employed by the Company on such date, an amount in cash equal to $817,000. If prior to August 31, 1997 the Company terminates the Executive's employment other than for Cause (as defined in the Separation Plan) or if Executive terminates his employment following any of the events specified in Section III.B of the Separation Plan, (a) Parent or the Company will pay or cause to be paid to Executive an amount in cash equal to $817,000 and (b) Executive shall be entitled to receive the benefits provided for in Section VI of the Separation Plan. 2.
Inducement Payment. As an inducement for Tenant entering into this Third Amendment and agreeing that the Initial Term Expiration Date shall be extended to June 30, 2009, Landlord shall pay to Tenant, on or before July 1, 1999, the sum of Ninety Seven Thousand Five Hundred and No/100 Dollars ($97,500.00) (the Inducement Payment ). Landlord and Tenant agree that the Inducement Payment shall not be deemed to be, or characterized as, free rent or a rental abatement under the Lease, but the method of payment of the Inducement Payment may be selected by Landlord at its sole and absolute discretion, which method may include, without limitation, a credit against Minimum Rent or any other payments due from Tenant to Landlord under the Lease.
Inducement Payment. The Executive shall be entitled to receive, upon execution of this Agreement, a lump sum cash payment of $250,000.
Inducement Payment. For the same consideration as is recited in an employment agreement of this date, the Company agrees to pay to Employee on a deferred basis, according to the terms and conditions stated herein, the sum of Two Hundred Thousand Dollars ($200,000.00). Such compensation shall vest at the time that it becomes due and payable or at such other time as is specified herein.
Inducement Payment. Provided that Tenant has accepted possession of the Premises as of the Delivery Date and has substantially completed the Leasehold Improvements on or before the Commencement Date, Landlord agrees that it shall reimburse Tenant monthly, within thirty (30) days following Landlord’s receipt of Tenant’s monthly written request thereof, for the actual amounts that Tenant has paid for fixed rent and operating expenses for its premises at Riverchase Galleria attributable to the months of December, 2014 through March, 2015 (the “Inducement Amount”). Notwithstanding the foregoing, if as a result of Tenant’s uncured default under this Lease (subject to all notice rights and cure periods, if any) Landlord elects to terminate this Lease or otherwise repossess the Premises, the damages that Landlord is entitled to recover from Tenant under Section 27 above shall include the Inducement Amount.
Inducement Payment. The Executive shall receive from the Company, promptly following Court Approval (as defined in Section 19), a lump sum cash payment equal to $775,000, net of applicable withholding.
