Settlement Compensation Sample Clauses

Settlement Compensation. The City agrees to pay Claimant the amount of ONE HUNDRED TWENTY FIVE THOUSAND DOLLARS ($125,000.00) to resolve all claims for damages, attorneys’ fees and costs, related to the INCIDENT. The settlement amount will be paid to ▇▇▇▇▇ Law LLC, as counsel for Claimant, within fifteen (15) business days following the execution of this Agreement and receipt by the City of a W-9 form from Claimant.

Settlement Compensation. In full, complete, and final settlement of the Settlement Class’ released claims, Defendants agree to pay compensation to the Settlement Class as follows:

Settlement Compensation. As compensation for the settlement of the Securities and the release of the Claims: (i) the Company shall issue the Noteholder 16,667 shares of the Company’s common stock (the “Settlement Shares”); and (ii) DAO shall issue the Noteholder a new $12,500 Zero Interest Non-Convertible Promissory Note (the “DAO Note” a copy of which has been attached hereto as Exhibit E and collectively, with the Settlement Shares, the “Settlement Compensation”). The Settlement Compensation shall represent the complete and final settlement of the total compensation the Noteholder has claimed as due and payable in connection with Claims.

Settlement Compensation. Buyer may decide, in its sole discretion, to seek rate recovery for the Settlement Compensation. Should Buyer be granted rate recovery of the Settlement Compensation, Buyer shall pay Seller such Settlement Compensation on an annual basis by January 10 of each year for such portion of the Settlement Compensation recovered in rates from the previous calendar year.

Settlement Compensation. 1.1 The Company will pay M▇. ▇▇▇▇▇▇▇▇▇, as W-2 income, the equivalent of 14 months salary, totaling One Hundred Ninety-Eight Thousand, Three Hundred Thirty-Three Dollars and Thirty-Three Cents ($198,333.33), less all applicable holdings. 1.2 The Company will pay M▇. ▇▇▇▇▇▇▇▇▇, as W-2 income, bonus compensation of Fifty-Six Thousand Dollars ($56,000), less all applicable withholdings.

Settlement Compensation. As full and final settlement, the Parties agree that Licensee shall pay to County the sum of Forty-Three Thousand Seven Hundred Ten and 60/100 Dollars ($43,710.60) within thirty (30) days of the full execution of this Agreement.

Settlement Compensation. For past services rendered of the Company, the Company shall issue to ▇▇. ▇▇▇▇ Three Hundred Ninety-One Thousand Three Hundred Eighty-Six (391,386) Shares equivalent to $54,794 compensable for services rendered;

Settlement Compensation. Concurrent with the execution of this Agreement, Tully’s agrees to cause TCAP to pay to UCC Six Million U.S. Dollars ($6,000,000), payable in the form of the Promissory Note attached hereto as Exhibit A.

Settlement Compensation. 1.1 The Company agrees to pay to M▇. ▇▇▇ ▇▇▇▇▇▇▇, 12 months salary totaling One Hundred Seventy Thousand Dollars ($170,000). M▇. ▇▇▇ ▇▇▇▇▇▇▇ will be paid in 26 pay periods as W-2 income. M▇. ▇▇▇ ▇▇▇▇▇▇▇ will receive gross pay each pay period in the amount of $6,538.46, less all applicable withholdings. The operative date of such payments is October 27, 2006. The Company will make all payments necessary to bring M▇. ▇▇▇ ▇▇▇▇▇▇▇’▇ pay current within two weeks of the effective date of this Agreement as described in paragraph 17 below. 1.2 The Company will pay M▇. ▇▇▇ ▇▇▇▇▇▇▇, as W-2 income, bonus compensation of Fifty-Six Thousand Dollars ($56,000), less all applicable withholdings, upon the earlier of (i) the date final bonuses are distributed to all employees and executive officers of the Company; or (ii) March 31, 2007. 1.3 M▇. ▇▇▇ ▇▇▇▇▇▇▇ will also be entitled to 12 months of additional stock option vesting. M▇. ▇▇▇ ▇▇▇▇▇▇▇ will have a total of 230,187 stock options which will fully vest on the date the Agreement is executed by the parties. M▇. ▇▇▇ ▇▇▇▇▇▇▇ shall have 12 months after the date the Agreement is executed by the parties to exercise his options. This 230,187 number of shares is based on the Company’s pre-IPO (initial public offering) stock option schedule. Thus, such shares will be subject to the same reverse split identified in the Company’s S-1 registration filing (1:4.25), and therefore the actual number of shares M▇. ▇▇▇ ▇▇▇▇▇▇▇ may be granted will be less than the 230,187 shares as shown in the schedule, attached as Exhibit A. Pricing of options is also subject to increase to reflect the reverse split as shown on Exhibit A. 1.4 M▇. ▇▇▇ ▇▇▇▇▇▇▇ shall indemnify, hold harmless and defend the Company from any claims, tax liability, interest, penalties, attorneys’ fees or costs which the Company is required to pay as a result of M▇. ▇▇▇ ▇▇▇▇▇▇▇’▇ failure to report the Settlement Compensation described herein to the proper taxing authorities.