PAYMENT ON Clause Samples

PAYMENT ON. In the event an employee's employment terminates either before he becomes entitled to a vacation with pay, or being entitled to it, before he takes it, he shall be paid on termination or (dependingonwhether he belongs in the category of employees described in (A) or (E). or above respectively) of his wages earned during the period of employment ending with his termination in respect of which no vacation or vacation pay to which he remains entitled has been paid or taken.

PAYMENT ON. Demand pay to the Bank on demand any sum of money which is payable by the Borrowers to the Bank under this Agreement, but in respect of which it is not specified in any other Clause when it is due and payable; and

PAYMENT ON. (a) Together with the delivery of the Quarterly Report by Watson to Seller, Watson shall pay Seller an amount equal to * of the Net Profit relating to ▇▇▇▇▇▇'▇ or any of its Subsidiaries' sale of * during the calendar quarter covered by the Quarterly Report; provided, however, that, in lieu of the foregoing *, until the earlier of the date upon which the * Payment (as defined herein) has been paid in full or December 31, 1998, Watson or one of its Subsidiaries shall pay Seller * of the Net Profit earned by Watson and its Subsidiaries on the sale of * during the period beginning on the Closing Date and ending on December 31, 1998. For purposes of this Agreement, the "*PAYMENT" shall mean an amount equal to $*, which amount is comprised of the sum of (i) any amount of Net Profit earned by the Company or one of its Subsidiaries on the sale of * during the period from the opening of business "*SEE PAGE ONE OF EXHIBIT" on August 11, 1997 through the Closing Date; and (ii) any amounts paid by Watson or one of its Subsidiaries to Seller pursuant to the proviso at the end of the first sentence of this Section 6.4(a) or Section 6.4(b)(ii) herein; and (iii) amounts paid to Seller or Parent pursuant to Section 2.13 of the Contract Manufacturing Agreement attached hereto as EXHIBIT B, but shall exclude the amounts paid by Watson to Seller pursuant to Section 6.4(e) herein. (b) To the extent Watson, the Company or any of their respective Subsidiaries actually receives any refund of the amounts described in Sections 6 and 9(a) of the * Agreement, or any other amounts from * due to the breach of such agreement by * or due to purchase credits or similar adjustments (other than credits for shortages of goods or damaged goods), whether such amounts are received, or relate to events occurring, before or after the Closing, Watson agrees that such refund or payment shall be distributed as follows: (i) first, to pay any and all out-of-pocket costs and expenses incurred by Watson, the Company or their respective Subsidiaries, or by Parent and its Subsidiaries, at the request of Watson, to collect such refund or payment, including, without limitation, all out-of-pocket legal expenses and court costs; (ii) second, if the event that gave rise to such breach or credit occurred on or prior to December 31, 1998, to Seller in an amount up to the unpaid portion of the * Payment as of the date Watson or any of its Subsidiaries actually receives such refund or payment; and (iii) finally, ...