Common use of Payment in instalments Clause in Contracts

Payment in instalments. 3.4.1 The Company may, at its sole discretion and subject to the terms of Clause 3.4.2, pay the Notice Payment in equal monthly instalments over a period of twelve months (the “Instalment Period”), the first instalment payable at the end of the month in which the Termination Date occurs.

Appears in 5 contracts

Samples: Trui Hebbelinck (LivaNova PLC), Service Agreement (LivaNova PLC), Service Agreement (LivaNova PLC)

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Payment in instalments. 3.4.1 The Company may, at its sole discretion and subject to the terms of Clause 3.4.2, pay the Notice Payment in equal monthly instalments over a period of twelve months (the "Instalment Period"), the first instalment payable at the end of the month in which the Termination Date occurs.

Appears in 3 contracts

Samples: Employment Agreement, Service Agreement (LivaNova PLC), Service Agreement (LivaNova PLC)

Payment in instalments. 3.4.1 (a) The Company may, at its sole discretion and subject to the terms of Clause 3.4.23.4(b), pay the Notice Payment as follows: (i) 50 % of the Notice Payment will be made within 28 days after the Termination Date; and (ii) the remainder of the Notice Payment will be paid in equal monthly instalments over a period of twelve six months (the “Instalment Period”), or such shorter period as the Company may determine in its discretion, the first instalment payable at on the end of the month in which day that is 6 months after the Termination Date occursDate.

Appears in 1 contract

Samples: Service Agreement (Diageo PLC)

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Payment in instalments. 3.4.1 The Company may, at its sole discretion and subject to the terms of Clause 3.4.2, pay the Notice Payment in equal monthly instalments over a period of twelve six months (the “Instalment Period”), the first instalment payable at the end of the month in which the Termination Date occurs.

Appears in 1 contract

Samples: Service Agreement (LivaNova PLC)

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