Payment Upon Maturity. The Principal Sum then outstanding and all accrued interest thereon shall become due and payable on the first to occur of (i) the fifth (1) To be executed in connection with each stock purchase, upon the occurrence of each Purchaser Capital Call. (2) To be equal to two-thirds of the total stock purchased in connection with each Purchaser Capital Call. anniversary of the date hereof, (ii) the ninetieth (90th) day immediately following Borrower's termination of employment with the Company for any reason whatsoever and (iii) a Change in Control (as such term is defined in the Orion Power Holdings, Inc. 1998 Stock Incentive Plan, as amended from time to time (the "Plan")).
Appears in 2 contracts
Sources: Employment Agreement (Orion Power Holdings Inc), Employment Agreement (Orion Power Holdings Inc)