Common use of Make Whole Payment Clause in Contracts

Make Whole Payment. To induce the Executive to enter into this Agreement, and to compensate him for the significant financial and other benefits he will forfeit as a result of accepting employment hereunder and to secure for itself the benefit of the Executive's particular qualification and experience, AESC shall pay to the Executive, in a lump sum in cash on the Start Date, a special hiring payment in an amount equal to Two Hundred Fifty Thousand Dollars ($250,000).

Make Whole Payment. To induce the Executive to enter into this Agreement, and to compensate him for the significant financial and other benefits he will forfeit at his current employer as a result of accepting employment hereunder and to secure for itself the benefit of the Executive's particular qualification and experience, AESC shall pay to the Executive, in a lump sum in cash on the Start Datebusiness day after the date on which his current employer has publicly announced his resignation (or if later, the date on which the Executive executes this Agreement), a special hiring payment in an amount equal to Two Six Million Three Hundred Fifty Thousand Dollars ($250,0006,300,000).

Make Whole Payment. To induce the Executive to enter into this Agreement, and to compensate him for the significant financial and other benefits he will forfeit at his current employer as a result of accepting employment hereunder and to secure for itself the benefit of the Executive's particular qualification and experience, AESC shall pay to the Executive, in a lump sum in cash on the Start Date, a special hiring payment in an amount equal to Two Eight Hundred Fifty Thousand Dollars ($250,000800,000).