Reimbursement Payment. The DIVISION will provide reimbursement to the FPA, or provide for direct payment of approved costs to Federal Agencies and other vendors.
Reimbursement Payment. If all or any portion of the payments or benefits received, derived, or to be received or derived by Executive under (i) any present or prospective compensation arrangement of any type which is sponsored by CPB or any present or prospective subsidiary or affiliate of CPB, and in which the Employee is or becomes a participant, or (ii) any present or prospective agreement between CPB or any present or prospective subsidiary or affiliate of CPB, on the one hand, and Executive, on the other, will be subject to the excise tax (the “Excise Tax”) imposed under Section 4999 of the Code (with all payments and benefits which are so subject, excluding the Reimbursement Payment, being hereinafter referred to as the “Total Payments”), then CPB shall pay, at the time specified in Section 3, to the Executive an additional amount (the “Reimbursement Payment”) such that the net amount retained by the Executive, after deduction of (a) any Excise Tax on the Total Payments and (b) any Federal, state and local income and employment taxes and Excise Tax upon the Reimbursement Payment, shall be equal to the Total Payments.
Reimbursement Payment. The County shall pay the Award to Subrecipient on a reimbursement basis. The Subrecipient shall submit reimbursement requests to the County Auditor no later than 15 days after the end of each calendar quarter for the duration of the Project. Such requests shall be in a form acceptable to the County and include, where applicable for construction projects, certification by the Subrecipient’s engineer that the amounts are eligible Project costs. The Subrecipient may not request reimbursements under this Agreement for work that has not been completed.
Reimbursement Payment. 10.3(b) Series C Certificates....................... 3.2(a) Series C Consideration...................... 3.1(e) Series D Certificates....................... 3.2(a) Series D Consideration...................... 3.1(e) Series E Certificates....................... 3.2(a) Series E Consideration...................... 3.1(e) Social Contract Consent..................... 4.3 Spinoff..................................... 9.2(c) Standard Election........................... 3.1(e) Standard Election Consideration............. 3.1(c) Standard Election Fraction.................. 3.4(a) Standard Election Top-Up Amount............. 3.1(c) Standstill Agreement........................ 6.3(a) Stock Election.............................. 3.1(c) Stock Election Consideration................ 3.1(c)
Reimbursement Payment. At the Closing, CEP II shall (i) reimburse PSI an amount equal to $3,965,036.58 which amount represents all out-of-pocket costs and expenses of PSI related to the development of the Project (including, acquisition costs, interconnection and substation costs, engineering costs and third party vendor costs ) that have already been paid by PSI as listed on Schedule 1.5(b), and (ii) on behalf of PSI, pay $583,207.92 to those vendors listed on Schedule 1.5(b) for all other costs and expenses actually incurred, but yet to be paid, by PSI or the Project Company that are related to the development of the Project; and within 10 (ten) days after the Closing, CEP II shall pay $176,880.00 to Lessor (defined below) (all payments, in the aggregate, , representing the “Reimbursement Payment”). In addition to those representations and warranties otherwise herein, PSI represents and warrants (A) that Schedule 1.5(b) sets forth (x) all out-of-pocket costs and expenses of PSI related to the development of the Project, and (y) all costs and expenses incurred (for services performed and otherwise) but yet to be paid by PSI or the Project Company related to the development of the Project, and (B) that Exhibit C to the MIPA is accurate and contains the only existing liabilities of the Project Company to date.
Reimbursement Payment. (a) If this Agreement is terminated by the Offeror pursuant to Section 9.1(c)(iv) (other than in respect of a breach of covenant or obligation by the Company in respect of which a Termination Payment is payable to the Offeror under Section 9.2(a)(i)) or Section 9.1(c)(v), the Company shall pay, or cause to be paid to the Offeror, all fees and expenses of the Offeror, up to a maximum of $2,000,000, which were incurred in connection with the transactions which are the subject of this Agreement in immediately available funds by way of wire transfer on the fifth Business Day following the receipt by the Company of an invoice for such fees and expenses, supported by appropriate documents.
Reimbursement Payment. Upon resigning his current employment, Xx. Xxxx shall be paid $100,000 from Other Funds to offset certain expenses. In the event Xx. Xxxx’x employment as President ends for any reason other than death or disability prior to October 1, 2019, he shall reimburse the University the full $100,000. In the event Xx. Xxxx’x employment as President ends for any reason other than death or disability prior to October 1, 2020, he shall reimburse the University $50,000 of the payment.
Reimbursement Payment. As an accommodation to Purchaser, Shareholder agrees that it will execute Form 8023-A and otherwise cooperate with Purchaser in Purchaser's election to treat this transaction as a sale of assets under I.R.C. Section 338(h)(10), conditioned upon and in consideration for payment by Purchaser, simultaneously with Shareholder's execution of Form 8023-A, of an amount that is certified by Shareholder's and Purchaser's accountants to be the additional tax burden imposed on Shareholder by any taking authority from the election by Purchaser under I.R.C. Section 338(h)(10). In addition, if any taxing authority subsequently assesses any additional taxes that increase the additional tax burden imposed on Shareholder as a result of the I.R.C. Section 338(h)(10) election, Purchaser shall indemnify Shareholder for such additional taxes (including any penalties and interest). Purchaser agrees that no representative of Shareholder shall have any authority to execute the Form 8023-A on behalf of Shareholder without the consent of Xxxxx Xxxxx or Xxxx Xxxxx or their successors.
Reimbursement Payment. The County shall pay the Award to the City on a reimbursement basis. The City shall submit reimbursement requests to the County Transportation Fund Manager each calendar quarter for the duration of the Project. Such requests shall be in a form acceptable to the County and include a signed certification by the City engineer that the expenses for which the City is seeking reimbursement fall within the Project scope under Section 1 of this Agreement. The City may not request reimbursements under this Agreement for work that has not been completed.
Reimbursement Payment. The Company shall make an additional annual cash payment to the Executive sufficient to reimburse the Executive for federal, state and local income taxes and the hospital insurance tax under Internal Revenue Code section 3111(b) for which the Executive is liable on account of the vesting of the Restricted Stock. Such payment shall be made not later than the date on which the tax return reflecting the liability for such tax is required to be filed with the Internal Revenue Service. Any taxes for which the Executive is liable on account of any cash payment for tax reimbursement made pursuant to this subsection shall be paid by the Executive. For purposes of the gross up, the Executive will provide the actual tax rates in effect for use in the gross up.
