Multiple Payments Sample Clauses
The Multiple Payments clause establishes that payments under the agreement will be made in several installments rather than as a single lump sum. Typically, this clause outlines the schedule, amounts, and conditions for each payment, such as milestone achievements or delivery of goods and services. Its core function is to facilitate cash flow management for both parties and to reduce risk by tying payments to performance or progress.
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Multiple Payments. Employer agrees to continue payments to the Employee at their standard pay of $_________________ ending on _________________, 20____ with payment(s) to be processed, at the same interval while employed, on a ☐ weekly ☐ bi-weekly ☐ monthly ☐ _________________ basis ("Severance Payment(s)"). Such continuation of pay shall be contingent upon the execution and non-revocation of this Agreement. Employee shall make it known to the Employer if he or she prefers to have their Severance Payment(s) deposited or delivered in a different manner than while employed. Employee agrees that the Severance Payment(s) is more than what the Employer is required to pay under its standard policies and procedures.
Multiple Payments. If any upfront payment or Non-Sales-Based Milestone Payment amount in respect of a C5 Rights Transfer Transaction is also a payment amount as to which Ophthotech owes Archemix a Sublicense Income Payment pursuant to Section 4.3.2, then the amount of such Sublicense Income Payment shall be excluded from the provisions of this Section 4.5. For example, if [**] percent ([**]%) of an upfront payment amount received in a C5 Rights Transfer Transaction were paid to Archemix pursuant to Section 4.3.2 of this Agreement, then only the remaining [**] percent ([**]%) of such payment would be considered for purposes of determining Ophthotech’s payment obligations to Archemix under this Section 4.5.