Payment Eligibility Criteria Sample Clauses

Payment Eligibility Criteria. Each of the following criteria must be met by the Employee in order for the Employee to be eligible for payment of the Retention Bonus: • The Employee must sign this Agreement and return it to Xxxxxx Xxxxx, Executive Director, Global Human Resources, at Encysive Pharmaceuticals Inc., 0000 Xxxx Xxxxxxx Xxxxx, Xxxxx 000, Xxxxxxx, Xxxxx 00000 by way of (i) hand delivery or (ii) registered or certified mail, return receipt requested, on or before July 2, 2007; • The Employee must continue to perform the responsibilities of the Employee’s position, and such other related duties as assigned to the Employee, on a full-time basis as determined in accordance with Company policy and procedures to the satisfaction of the Company at all times during the Retention Period; • During the Retention Period, the Employee must continue to comply with Company policy and procedures; • The Employee must not disclose or use, for the benefit of any person or entity other than persons authorized by the Company and for the purpose of carrying out the business of the Company or its affiliates, any confidential or proprietary information of the Company or any trade secrets of the Company; and • The Employee must comply with the terms and conditions of this Agreement. Should there be any dispute regarding the meaning of this Agreement or any term of this Agreement, the Company shall interpret the Agreement in accordance with the terms of the Agreement and their intended meanings. The Company will have the discretion to make any findings of fact needed to resolve disputes in the interpretation of the Agreement, and will have the discretion to interpret or construe ambiguous, unclear, or implied (but omitted) terms. All actions taken and all determinations made in good faith by the Company shall be final and binding upon all persons claiming any interest in or under the Agreement. If any of the criteria outlined in this section or otherwise required under this Agreement are not met or otherwise complied with, no Retention Bonus shall be paid.
Sample 1
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Related to Payment Eligibility Criteria

  • Eligibility Criteria Each of the Receivables which is to be pledged as collateral for a Series of Notes will satisfy the applicable Eligibility Criteria set forth in, or to be set forth in, Schedule I to the Series Supplement establishing such Series.

  • Selection Criteria Each Contract is secured by a new or used Motorcycle. No Contract has a Contract Rate less than 1.00%. Each Contract amortizes the amount financed over an original term no greater than 84 months (excluding periods of deferral of first payment). Each Contract has a Principal Balance of at least $500.00 as of the Cutoff Date.

  • Servicer Eligibility Standards To service Mortgage Loans under this Agreement the Servicer must satisfy the eligibility standards set forth in this Section 4.1 initially and at all times thereafter.

  • Bonus Eligibility The Executive shall be eligible to receive an annual bonus payment in addition to Base Salary and other compensation for each year of the Executive’s employment (the “Bonus”) as determined by the Board from time to time.

  • Wire Transfer Eligibility Section 11.24

  • Distribution Eligibility Shares issued in a Fund after receipt of a completed purchase order shall be eligible to receive distributions of the Fund at the time specified in the prospectus pursuant to which the Shares are offered.

  • S-3 Eligibility (i) At the time of filing the Registration Statement and (ii) at the time of the most recent amendment thereto for the purposes of complying with Section 10(a)(3) of the Securities Act (whether such amendment was by post-effective amendment, incorporated report filed pursuant to Section 13 or 15(d) of the Exchange Act or form of prospectus), the Company met the then applicable requirements for use of Form S-3 under the Securities Act, including compliance with General Instruction I.B.1 of Form S-3.

  • ELIGIBILITY CONDITIONS The eligibility conditions specified in Adoption Agreement Section 2.01 are effective for Plan Years beginning after _______________________.

  • Purge Criteria In order to avoid the Aged History Retention fees, history data for regular or ordinary accounts (that is, non-tax advantaged accounts) must be purged if the confirmation date of the history transaction is prior to January 1 of the current year and history data for tax advantaged accounts (retirement and educational savings accounts) must be purged if the confirmation date of the history transaction is prior to January 1 of the prior year. All purged history information shall be retained on magnetic tape for 7 years.

  • Eligibility Requirements The Trustee hereunder shall at all times (i) be a corporation or association having its principal office in a state and city acceptable to the Seller, organized and doing business under the laws of such state or the United States of America, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, or shall be a member of a bank holding system, the aggregate combined capital and surplus of which is at least $50,000,000, provided that its separate capital and surplus shall at all times be at least the amount specified in Section 310(a)(2) of the Trust Indenture Act of 1939, (ii) be subject to supervision or examination by federal or state authority and (iii) have a credit rating or be otherwise acceptable to the Rating Agencies such that neither of the Rating Agencies would reduce their respective then current ratings of the Certificates (or have provided such security from time to time as is sufficient to avoid such reduction) as evidenced in writing by each Rating Agency. If such corporation or association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section the combined capital and surplus of such corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 8.08.

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