Payment of the Termination Payment Sample Clauses

Payment of the Termination Payment. Owner shall pay the Termination Payment to Contractor within thirty (30) days of Owner's receipt of the documentation required under Sections 4.4(b) and 4.4.1 hereof.
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Payment of the Termination Payment. If the Termination Payment is negative (i.e. the Non-Defaulting Party’s aggregate Losses and Costs exceed its aggregate Gains), the Defaulting Party shall, within five (5) Business Days of receipt of the notice given in Section 8(c), pay the Termination Payment to the Non-Defaulting Party, which amount shall bear interest at the Interest Rate from the Early Termination Date until paid. If the Termination Payment is positive (i.e. the Non-Defaulting Party’s aggregate Gains exceed its aggregate Losses and Costs, if any, resulting from an Event of Default or Termination Event, subject to the right of set-off in Section 9), the Non-Defaulting Party shall pay the Termination Payment, subject to the right of set-off in Section 9, to the Defaulting Party within five (5) Business Days of the Defaulting Party’s receipt of the notice given in Section 8(c), which amount shall bear interest at the Interest Rate if not paid within such five (5) Business Days.
Sample 1
Payment of the Termination Payment. Servia agrees to receive from TMM and TMM agrees to deliver to Servia, in the date of this Agreement, as payment for the outstanding balance of the Termination Payment, New Notes for the amount necessary to cover the outstanding balance of the Termination Payment. Due to the foregoing, Servia hereby acknowledges that TMM has paid the Termination Payment in full, and by its signature in this Agreement grants in favor of TMM the most ample receipt available in law, and releases TMM from any and all liabilities derived from the Termination Payment, for all legal effects whatsoever.
Sample 1
Payment of the Termination Payment. Where the Termination Payment has a positive value the Termination Payment shall be payable by the Authority to the Supplier. Where the Termination Payment has a negative value the Termination Payment shall be converted into a positive amount and payable by the Supplier to the Authority.
Sample 1

Related to Payment of the Termination Payment

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Notice of Payment of Termination Payment As soon as practicable after a liquidation, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten (10) Business Days after such Notice is effective.

  • Termination Payments and Benefits Regardless of the circumstances of the Executive’s termination, Executive shall be entitled to payment when due of any earned and unpaid base salary, expense reimbursements and vacation days accrued prior to the termination of Executive’s employment, and other unpaid vested amounts or benefits under Company retirement and health benefit plans, and, as applicable, under Equity Agreements in accordance with their terms, and to no other compensation or benefits.

  • Notice of Termination Payment As soon as practicable after calculation of a Termination Payment, notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting Party. The notice shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the Termination Payment shall be made by the Party that owes it within three (3) Business Days after such notice is effective.

  • Company Termination Fee (a) If this Agreement is terminated (i) by Parent pursuant to Section 8.4(a) (Company Change in Recommendation) or (ii) by the Company pursuant to Section 8.3(c) (Termination for Superior Proposal), then the Company shall, within two (2) Business Days after such termination in the case of clause (i) or concurrently with such termination in the case of clause (ii), pay Parent a fee equal to $356,000,000 (the “Company Termination Fee”) less any amount of Parent Expenses previously paid by the Company.

  • Compensation in the Event of Termination In the event that the Executive’s employment hereunder terminates prior to the expiration of this Agreement for any reason provided in Section 5 hereof, the Company shall pay the Executive, compensation and provide the Executive and the Executive’s eligible dependents with benefits as follows:

  • Separation Payment An ASF Member shall be compensated at the final rate of pay for all unused, accumulated vacation, leave time upon separation from state service, or movement to a vacation ineligible position. An employee on an unpaid leave of absence of more than one (1) year for a purpose other than accepting an unclassified position in state civil service, or an employee on layoff that results in separation from service, may elect to be compensated at the final rate of pay for unused accumulated vacation leave. This accumulated vacation payout shall not exceed two hundred and seventy-five (275) hours, except in the case of the ASF Member's death. Calculation of an ASF Member's hourly rate for purposes of computing vacation separation payment shall be based upon a base of two thousand eighty-eight (2,088) working hours per year. Appointment periods of less than one

  • Termination and Severance Pay Employees who terminate their employment with the City for any reason shall have their termination pay computed in the following manner.

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

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