Unconditional Payments Sample Clauses

Unconditional Payments. Your total unconditional compensation, payments and benefits from the Company shall be as follows: (a) You will receive your final pay through the Termination Date, less applicable statutory deductions and authorized withholdings. (b) You will be paid for all accrued but unused paid time off as of the Termination Date, less applicable statutory deductions and authorized withholdings. (c) You will receive, under separate cover, information about your rights to elect medical and dental insurance continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). Nothing in this Agreement and Release is intended to impair any of the rights described in this paragraph 1, to which you are unconditionally entitled.

Unconditional Payments. The liability of the Borrower to make payments or to discharge any other debts under this Agreement is in no way conditional upon performance of any contract by any other party and it shall not be affected in any way by reason of any claim, which the Borrower might have or might consider that it has against any other party or the Lender by way of set-off or counter-claim or otherwise.

Unconditional Payments a. On the Separation Date, the Company will provide the Executive with a payment, at the Executive’s Base Salary rate, for the time the Executive worked prior to the Separation Date during the Company’s regular pay period containing the Separation Date, less applicable statutory deductions, and authorized withholdings (e.g., for income tax and FICA). b. At least two days before the Separation Date, the Company will pay the Executive the separation fee of $180,000, pursuant to the Executive Agreement (the “Separation Fee”). c. The Company will pay the Executive all his earned, accrued, and unpaid benefits as of the Separation Date, if any, under the Company’s employee benefit plans, including any such benefits under the Company’s pension, disability, and life insurance plans, policies, and programs. Payment for such benefits, if any, will be made according to the terms of the applicable employee benefit plan or, if an earlier date is required by applicable law, than by that earlier date. d. The Company shall provide the Executive with continued health insurance coverage, including medical, dental, and vision benefits, under the same plan(s) and at the same level of coverage as in effect for the Executive immediately prior to the Separation Date (the “Health Insurance Coverage”). Such Health Insurance Coverage shall continue through March 27, 2027 (the “Continuation Period”). During the Continuation Period, the Company shall pay the full cost of the premiums for the Health Insurance Coverage on behalf of the Executive and, if applicable, the Executive’s eligible dependents, subject to the same terms, conditions, and employee contribution requirements (if any) as applied to similarly situated active employees of the Company as of the Separation Date. The Executive shall be responsible for any employee portion of the premium or other costs that would have been applicable had the Executive remained employed, which shall be paid in accordance with the Company’s standard procedures. After this date, the Company will send the Executive, under separate cover, information about his rights to elect medical, dental and vision insurance continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). Notwithstanding the foregoing, the continuation of Health Insurance Coverage is subject to the terms and conditions of the applicable insurance policies and plan documents, and nothing herein shall be construed to extend coverage beyond the period ...

Unconditional Payments. Notwithstanding anything in this Agreement to the contrary, the obligations of American Spectrum Realty to make the Dividend Payments and the Redemption Payments pursuant to the schedule set forth herein and in the Articles Supplementary is not conditioned in any way upon any future sales or refinancings by American Spectrum ▇▇▇▇▇▇ Properties of any of the Projects.

Unconditional Payments a. On the Company’s next regularly scheduled payday, the Company shall provide the Executive with a payment, at the Executive’s regular base salary rate, for the time the Executive worked during the Company’s most recent pay period through and including August 30, 2021, less applicable statutory deductions and authorized withholdings (the “Final Salary Payment”). b. The Final Salary Payment will also include a payment for the Executive’s unused accrued paid time off (if it is the Company’s regular practice to provide departing employees with reimbursement for unused accrued paid time-off). c. The Company will send the Executive, under separate cover, information about his rights to elect medical, dental and vision insurance continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), if the Executive has such rights. Nothing in this Agreement is intended to impair any of the Executive’s rights described in this Section 2. In addition, and provided that the Executive agrees to and accepts the terms of this Separation Agreement and does not revoke his acceptance pursuant to Section 14 below:

Unconditional Payments a. No later than the earlier of the Company’s next regularly scheduled payday following the Separation Date or the date coming two weeks after the Separation Date, the Company will provide the Executive with a payment, at the Executive’s regular base salary rate as of the Separation Date, for the time the Executive worked prior to the Separation Date during the Company’s regular pay period containing the Separation Date, less applicable statutory deductions, and authorized withholdings (e.g., for income tax and FICA) (the “Final Salary Payment”). b. The Final Salary Payment will include an amount for the Executive’s accrued but unused vacation time, if any, as of the Separation Date. c. The Company will pay Executive all his earned, accrued, and unpaid benefits as of the Separation Date, if any, under the Company’s employee benefit plans, including any such benefits under the Company’s pension, disability, and life insurance plans, policies, and programs. Payment for such benefits, if any, will be made according to the terms of the applicable employee benefit plan or, if an earlier date is required by applicable law, than by that earlier date. d. Executive will retain eighty-seven thousand five hundred (87,500) shares of class B common stock that have already vested as of the date of this Agreement (the “Issued Shares”) under that certain restricted stock grant agreement between the Executive and the Company dated April 30, 2024. e. The Company will send the Executive, under separate cover, information about his rights to elect medical, dental and vision insurance continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), if the Executive has such rights. Nothing in this Agreement is intended to impair any of the Executive’s rights described in this Section 2. In addition, and provided that the Executive agrees to and accepts the terms of this Separation Agreement and does not revoke his acceptance pursuant to Section 15 below:

Unconditional Payments a. On the Company’s next regularly scheduled payday, the Company shall provide the Executive with a payment, at the Executive’s regular base salary rate, for the time the Executive worked during the Company’s most recent pay period through and including September 5, 2021, less applicable statutory deductions and authorized withholdings (the “Final Salary Payment”). b. The Company will send the Executive, under separate cover, information about his rights to elect medical, dental and vision insurance continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), if the Executive has such rights. Nothing in this Separation Agreement is intended to impair any of the Executive’s rights described in this Section 2. In addition, and provided that the Executive agrees to and accepts the terms of this Separation Agreement and does not revoke his acceptance pursuant to Section 14 below:

Unconditional Payments. 5.1 In consideration for iPulse development services already provided by OZ to Ericsson up to the date hereof, which Ericsson has received and accepted, Ericsson agrees to pay OZ a final payment of US $6,000,000 on times as set forth below: - Already received by OZ $ 350,000 - On January 30, 2002 $ 2,000,000 - On February 28, 2002 $ 2,000,000 - On March 30, 2002 $ 1,650,000 5.2 The Parties agree that these payments and the services already rendered shall constitute the complete and final settlement of any claims or obligations between them and that would relate to any services performed under the agreements set forth in Section 3. 5.3 No royalties shall be payable by either Party to the other related to the sale or licensing of iPulse(TM) Software.

Unconditional Payments. Your total unconditional compensation, payments and benefits from the Company shall be as follows: a. You will receive your final pay through the Separation Date, less applicable statutory deductions, and authorized withholdings. b. You will be paid for all accrued but unused paid time off as of the Separation Date (calculated to be $102,480), less applicable statutory deductions and authorized withholdings. c. You will receive reimbursement for unreimbursed business expenses properly incurred by you, which shall be subject to and paid in accordance with the Company's expense reimbursement policy. d. You will receive, under separate cover, information about your rights to elect medical, dental, and vision insurance continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). Nothing in this Agreement and Release is intended to impair any of the rights described in this Section 1.