Settlement Sum. In consideration of Employee’s representations and releases in this Agreement, Mindspeed will provide Employee with salary continuation pay at one-half Employee’s current salary level, equal to $2,650.00 per week (less applicable withholdings) for fifty-two (52) weeks beginning on August 14, 2010, and continuing through August 12, 2011 (the “Salary Continuation Period”). The salary continuation payments will be made in accordance with Mindspeed’s bi-weekly payroll schedule. At the end of the Salary Continuation Period, Employee’s final salary continuation check will be paid along with all accrued, unused vacation, unless Employee opts to extend the Salary Continuation Period by applying unused accrued vacation. If Employee opts to extend the Salary Continuation Period by applying unused accrued vacation, Employee will be compensated for one-half their current salary level for a period of two times the number of weeks of unused accrued vacation. Employee will not accrue additional vacation hours after the Effective Date. During the Salary Continuation Period, Mindspeed will continue to (a) pay the premiums for Employee’s coverage under benefit plans in which Employee is enrolled as of the Effective Date, including Mindspeed’s group medical, dental and vision insurance plans, which coverage may be provided under COBRA at Mindspeed’s election, subject to Employee’s payment of any employee contributions that would have applied if Employee had remained an officer of Mindspeed; and (b) pay the costs of Employee’s annual executive physical examination, health club membership and one airline club, to the same extent as if Employee had remained an officer of Mindspeed during such period. Employee’s coverage under Mindspeed’s life, long-term disability, group personal excess liability and any supplemental insurance plans and Employee’s participation in Mindspeed’s 401(k) plan end on the Effective Date. Following the conclusion of the Salary Continuation Period, and payment of any unused accrued vacation, Employee will be placed on unpaid leave (the “Unpaid LOA Period”) for a period of eight (8) weeks following the Salary Continuation Period, during which time he will not accrue further pay, vacation or other compensation. During the Unpaid LOA Period, Mindspeed will continue to (a) pay the premiums for Employee’s continued coverage under benefit plans in which Employee is enrolled as of the Effective Date, including Mindspeed’s group medical, dental and vision insur...
Settlement Sum the sum of Rs. (Mauritian Rupees );
Settlement Sum. UnitedHealth shall pay the settlement sum of $895,000,000 (the “Settlement Sum”). $450,000,000 of the Settlement Sum (“First Installment”) will be deposited into an interest-bearing escrow account controlled by Plaintiffs’ Lead Counsel (“Lead Counsel”) and subject to the Court’s oversight (the “Settlement Account”) by wire transfer according to the instructions to be supplied by Plaintiffs, by the earlier of (i) ten (10) days following the date the Court preliminarily approves the terms of the Settlement (“Preliminary Approval”); or (ii) September 15, 2008. UnitedHealth will deposit the remainder of the Settlement Sum, that is $445,000,000, (“Second Installment”) into the Settlement Account, upon the earlier of: (i) ten (10) days following the date the Court gives its final approval of the Settlement and enters a Partial Final Judgment and Order of Dismissal with prejudice (“Partial Final Judgment”) and the Partial Final Judgment is affirmed on appeal and/or is no longer subject to appeal or certiorari, and the time for any petition for reargument, appeal, or review, by certiorari or otherwise, has expired; (ii) ten (10) days following execution by Plaintiffs and both Non-Settling Defendants of a Memorandum of Understanding that contains an agreement in principle for the settlement of the Consolidated Action, as between the Plaintiffs and Non-Settling Defendants; or (iii) January 1, 2009. The principal amount of the Second Installment shall bear interest from the date of the deposit of the First Installment until paid at four and one half (4.5) percent. No funds are to be paid or withdrawn from the Settlement Account absent a Court order, except as is consistent with the terms of the Settlement for the payment of notice and Settlement administration, taxes on the Settlement Sum, and tax form preparation, or as otherwise to be provided in the Stipulation.
Settlement Sum. VendingData shall pay Shuffle Master the sum of eight hundred thousand dollars ($800,000) as set forth in this paragraph. VendingData shall pay four hundred thousand dollars ($400,000) by wire transfer to Citibank Account No. 500228226, ABA Routing 000000000; Swift # XXXXXX00; Account name Shuffle Master, Inc. Concentration Account; Xxxx Xxxxxxx 0000 Xxxxxxx, Xxx Xxxxx, Xxxxxx 00000 within two (2) days of the Effective Date, after which, within two (2) days, the parties shall file the order of dismissal set forth in Section 1.4. No later than ten (10) months after the Effective Date (the “Due Date”), VendingData shall pay the remaining four hundred thousand dollars ($400,000) of the settlement sum (the “Second Payment”). On the Effective Date, VendingData shall also provide Shuffle Master with an original executed confession of judgment (the “Judgment”) on this Agreement (in the form of Exhibit A attached hereto) in the amount of $400,000, which Shuffle Master shall have the right to immediately file. Subject to the foregoing, Shuffle Master shall execute on the Judgment only in the event VendingData fails to make timely payment of the Second Payment. Further, if the Second Payment is not timely made, then all applicable provisions of Paragraph 1.1 hereof shall apply and be available to Shuffle Master. Upon payment of the Second Payment, Shuffle Master shall immediately take any and all action necessary to nullify, cancel and expunge the Judgment.
Settlement Sum. Simfer hereby agrees to pay to the State a final settlement sum in an amount of seven hundred million US Dollars (US$700,000,000) (inclusive of all fees, duties, taxes and other charges of any kind applicable in the State to payment of that sum) (the "Settlement Sum"). It is understood that the State, as a shareholder of Simfer, will not contribute to the payment of the Settlements Sum. The State agrees that any funding required by Simfer (equity or debt funding) to pay the Settlement Sum will be fully free of any fee, duty, taxes and other charges of any kind. This Settlement Sum shall be paid to the account of the Guinean Public Treasury by payment by wire transfer to a certified account number of seven hundred million US Dollars (US$700,000,000) within three (3) business days of the date by which both the Concession Decree (as defined below in Article 2.1) and the Consent Decree (as defined below in Article 2.5) have been promulgated. The Parties hereby agree that the Settlement Sum will be tax deductible even though it will be capitalised in the accounts of Simfer on the basis that it, amongst other things, is paid on account of confirmation of exclusive rights to mine. If any of the following actions (“Actions”) occur, the Settlement Sum will become immediately repayable in full (without prejudice to any other rights of Simfer): • In the case of expropriation in whole or part, or government action having the substantive effect of an expropriation in whole or in part; • In the case of annulment of the Concession Decree or the Consent Decree, or the Convention as amended by this Settlement Agreement, or a measure equivalent to such annulment, or failure by the State to comply with its undertaking in Article 5 to procure relevant amendments to the Convention and ratification of those amendments or its undertaking to procure relevant compliance with additional requirements of Guinean law under Article 11.2, or its failure to give full effect to, or to continue to give full effect to, any material term of any of the Concession Decree or the Consent Decree or the Convention as amended by this Settlement Agreement; and • In the case of any State action that materially alters the economic balance of the Project established by the Convention and this Settlement Deed to the prejudice of Simfer or the SPV, or fails to recognise provisions of either and doing so results in material detriment to Simfer or the SPV. However, the Settlement Sum shall not be repayable...
Settlement Sum. In exchange for the releases, obligations, and promises set forth in this Settlement Agreement (and subject to the terms and conditions contained in this Settlement Agreement), Defendant agrees to pay the Maximum Gross Settlement Amount of One Million Five Hundred Thousand Dollars and Zero Cents ($1,500,000.00) which is the total and all- inclusive amount Defendant shall be obligated to pay under the Settlement embodied by this Settlement Agreement (except that Defendant shall pay the Employer Taxes and withholdings with respect to the wages portion of Individual Settlement Payment separately and in addition to the Maximum Gross Settlement Amount), for the full resolution of the Settled Lawsuits and Released Claims. The Maximum Gross Settlement Amount includes amounts appropriated to the Settlement Plaintiffs, the PAGA Payment, Settlement administration costs to the Settlement Administrator, Attorney’s Fees and Costs to Class Counsel, and Service Award.
Settlement Sum. Lifeway has agreed to pay the sum of $100,000 and Xxxxxx has agreed to accept the sum of $100,000 in full and complete satisfaction for complete resolution of the Dispute and any Claims arising therefrom (the "Settlement Sum").
Settlement Sum. In consideration of the promises and agreements of Xxxxxx set forth herein, XXX agrees to pay Xxxxxx the total sum of $5,750 (the “Settlement Sum”), in full and final settlement of Xxxxxx’x claims, including claims for attorney fees and costs, and all other potential claims against PUC and/or against any and all of the “Released Parties” set forth herein. No later than thirty (30) business days following receipt by PUC of the counterpart of this Agreement executed by Xxxxxx, PUC shall remit:
Settlement Sum. In reliance on Shamlou’s representations and releases in this Agreement, Mindspeed will provide Shamlou with severance pay at Shamlou’s current salary level of $5,769.23 per week for ten months beginning on July 1, 2006, paid according to the company’s bi-weekly payroll schedule. Payments to Shamlou will continue through April 30, 2007, when Shamlou’s last check for the remaining balance due on the severance pay will be paid along with all accrued, unused vacation. Shamlou will not accrue additional vacation hours after the Effective Date of this Agreement as defined in paragraph 2 above. During the period of continued severance payments, Shamlou’s medical, dental, vision, life insurance coverage, executive physical, health club, one airline club, and financial counseling benefits will continue. Participation in Mindspeed’s Long Term Disability Insurance coverage ends on the Effective Date. Following the conclusion of the severance payments, Shamlou will be placed on unpaid leave through April 30, 2008, during which time he will not accrue further pay, vacation or other compensation. During the period on unpaid leave, Shamlou’s medical, dental, vision, life insurance coverage, executive physical, health club, and financial counseling benefits will continue. Additionally, Mindspeed will provide Shamlou with outplacement assistance at *** Certain confidential portions of this Exhibit have been omitted pursuant to a request for confidential treatment. Omitted portions have been filed separately with the Securities and Exchange Commission. Mindspeed’s expense through Right Management Consultants, or a similar firm, at the selected firm’s office location. Ownership of the office laptop, home computer, home printer, and home cable modem assigned to Shamlou will be transferred to Shamlou once the company files on the computers have been deleted by Mindspeed’s Information Technology department. Shamlou’s Blackberry cell phone service (T-Mobile) and the cell phone service for the additional two phones assigned to Shamlou (Verizon) will be discontinued as of June 30, 2006. Employee will be allowed to keep the Blackberry device and the two cell phones and to port the phone numbers to individual service plans should he elect to do so. Mindspeed will stop providing COX Broadband service as of June 30, 2006. Mindspeed will work with Employee to transfer this service to an individual service plan should Employee elect to do so.
Settlement Sum. Bard shall pay Possis a settlement sum in the amount of One Million Seven Hundred Fifty Thousand Dollars ($1,750,000.00) within ten (10) days after the effective date of this Agreement. Payment of the settlement sum shall be made by wire transfer of immediately available funds to the following account:
