Settlement Amount; Payment Sample Clauses
The 'Settlement Amount; Payment' clause defines the process and terms for determining and paying the amount owed when settling a dispute or obligation under an agreement. It typically outlines how the settlement amount is calculated, the timeline for payment, and the acceptable methods of payment. For example, it may specify that payment must be made within a certain number of days after the settlement is agreed upon, and whether payment should be made via wire transfer or check. This clause ensures both parties have a clear understanding of their financial obligations upon settlement, reducing the risk of future disputes over payment terms.
Settlement Amount; Payment. Subject to the Company entering into the Asset Purchase Agreement with ST, the Company hereby agrees to pay, or direct the payment on its behalf, the amount set forth on the signature page hereto beneath Employee’s signature (the “Settlement Amount”), subject to any withholding, contemporaneously with the execution and delivery of and the payment of the license fee under the License Agreement.
Settlement Amount; Payment. IGI shall pay $200,000 to PBGC (the “Settlement Payment”) within 14 days after the Effective Date. The Settlement Payment shall be paid in cash by wire transfer in accordance with the instructions attached hereto as Exhibit A.
Settlement Amount; Payment. The Settlement Amount shall be issued as follows:
Settlement Amount; Payment