Payment to Executive Sample Clauses

Payment to Executive. Except as provided in Section 18(a) hereof, in the event any dispute or controversy arising under or in connection with any provision of this Agreement other than Section 8 hereof is resolved on the merits in favor of Executive pursuant to an arbitration award or final judgment, order or decree of a court of competent jurisdiction (the time for appeal therefrom having expired and no appeal having been perfected), the Bank shall be obligated to pay Executive, within thirty (30) days after the date on which such judgment becomes final and not subject to further appeal, all reasonable costs and legal fees paid or incurred by Executive in connection with such dispute or controversy.
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Payment to Executive. (a) Upon the execution of this Release, and after expiration of the revocation period specified in Section 9 of this Release, Corporation will commence payment of the applicable Monthly Severance Payments described in Section 6 or 7 of Executive’s Amended and Restated Employment Agreement dated effective March 30, 2010 (the “Employment Agreement”), less normal deductions and withholdings.
Payment to Executive. The payment to Executive upon the exercise of the SARs shall be made solely in shares of Common Stock. Upon the exercise of the SARs, the Executive shall receive an amount from the Company which is equal to (i) the excess of the Fair Market Value of a share of Common Stock on the date of exercise over the Initial Value times (ii) the number of SARs exercised. Such amount shall be divided by the Fair Market Value of a share of Common Stock on the date of exercise to determine the number of shares to be issued.
Payment to Executive. Following the eighth day after the execution of this Release by Executive, the Company agrees to pay to Executive the Severance Payments and reimburse Executive for COBRA premiums as provided under Section 5 of that certain Employment Continuity Agreement between Executive and the Company effective as of , less all required payroll tax withholdings. Executive agrees and acknowledges that these payments constitute consideration in addition to anything of value to which he or she would otherwise have been entitled absent the execution of this Agreement. Other than the payment of said amounts and any benefits due to Executive under existing retirement and fringe benefits plans in which Executive is a participant, in accordance with the terms of such plans, Executive shall not be entitled to any other payments or benefits from the Company.
Payment to Executive. In consideration of the negative covenants provided for the benefit of the Corporation hereunder, the Corporation will pay the Executive a single lump sum cash amount equal to $5,150,000 as soon as practicable after the date hereof, but in no event later than December 31, 1997. Any amount payable hereunder shall be subject to any and all applicable Federal income and employment tax withholding required at law to be withheld therefrom.
Payment to Executive. Subject to the terms of this Agreement, the ---------------------- Company agrees to pay to Executive an aggregate amount of $2,142,756 ("the Principal Amount"), together with accrued interest. This amount shall be paid in three installments, with one-third of the Principal Amount, plus accrued interest, paid on the first business day following each of June 1, 2002, January 1, 2003 and January 1,
Payment to Executive. If the Executive's employment by the Company is terminated solely as a result of the Company giving written notice of its intention not to extend the Executive's term of employment, as provided for in Section 2.3 above, the Company shall pay to the Executive within sixty (60) days after the date of termination an amount equal to the Executive's annual Base Salary (at the rate in effect on the date of such termination). The Executive shall have no further right to receive any other compensation or benefits after such termination of employment except as determined in accordance with the terms of the employee benefit plans of the Company.
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Payment to Executive. Less than or equal to $[**] per share 1% of the Total Deal Consideration Greater than $[**] but less than or equal to $[**] per share 2.5% of the Total Deal Consideration Greater than $[**] but less than or equal to $[**] per share 3.0% of the Total Deal Consideration Greater than $[**] per share but less than $[**] per share 3.5% of the Total Deal Consideration Greater than or equal to $[**] per share 4.2% of the Total Deal Consideration For purposes of this Schedule I, “Deal Consideration Per Share” for any transaction shall be determined by dividing the Total Deal Consideration by the number of shares of Common Stock issued and outstanding (or deemed to be issued and outstanding) immediately prior to the consummation of such transaction.
Payment to Executive. (a) Upon the execution of this Release, and after expiration of the revocation period specified in Paragraph 10 of this Release, Corporation will make the payment described in Section 6.1(b) of Executive’s Employment Agreement dated , 2009 (the “Employment Agreement”), less normal deductions and withholdings.
Payment to Executive. (a) In consideration for the Executive's compliance with all of his obligations hereunder, including without limitation, his provision of consulting services pursuant to Section 5, his waiver of his claim to various benefits and payments pursuant to Section 3, and his execution of the release and waiver of claims pursuant to Section 9, the Company shall pay or cause to be paid to Executive on the Effective Date (or, if not a business day, the first business day thereafter), in a lump sum, a severance benefit of one million eight hundred forty thousand dollars ($1,840,000) less applicable withholding taxes in the manner prescribed in the following sentence. The parties shall cooperate in taking appropriate actions to authorize The Business Bank of St. Louis (the "Business Bank") to honor Executive's draft for an amount equal to one million eight hundred forty thousand dollars ($1,840,000) less applicable withholding taxes delivered to the Business Bank under Irrevocable Standby Letter Of Credit # 113, dated July 18, 2003, issued by the Business Bank to Executive, and Executive and the Company shall cooperate to authorize and cause the Business Bank either to (i) remit the appropriate withholding taxes directly to the appropriate Federal, state and local tax authorities for the benefit of Executive, or (ii) pay such amounts over to the Company which agrees to remit such amounts to the appropriate Federal, state and local tax authorities for the benefit of Executive. The parties shall further cooperate to cause the balance of the Letter of Credit, $160,000, to be repaid to the Company or its designee. Such severance payment shall be in complete satisfaction and discharge of any and all obligations of the Company to the Executive with respect to, and Executive hereby waives any and all claims it may have against the Company and/or Pharmacia Corporation, Monsanto Corporation, and Pfizer Inc. for, salary, bonus, long or short term incentives, accrued vacation pay, employee benefits, perquisites, deferred compensation, severance or separation pay, and any and all other payments or benefits of any type pursuant to any employment agreement, retention agreement, change in control agreement or program or plan now, previously or hereafter maintained by the Company, including, without limitation, the Employment Agreement dated February 28, 1998, the Retention Agreement dated June 30, 2003, the Solutia Inc. ERISA Parity Pension Plan, the Solutia Inc. ERISA Parity Saving...
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