When Due Clause Samples
The "When Due" clause defines the specific timing or conditions under which a payment or obligation becomes payable under a contract. Typically, this clause outlines whether payments are due upon receipt of an invoice, at the completion of certain milestones, or on a set schedule such as monthly or quarterly. By clearly establishing when obligations must be fulfilled, the clause helps prevent disputes over late payments and ensures both parties have a mutual understanding of their financial responsibilities.
When Due. Executive (or his estate as the case may be) shall be entitled to the Deferred Compensation as calculated below, the initial installment of which is to be paid within 30 days after the event giving rise to the payout (except as provided below) in the event that Executive's employment is terminated for any of the following reasons herein: (A) death of Executive; (B) termination by the Company without cause pursuant to Section 3(c); (C) termination by Executive upon default by the Company pursuant to Section 3(d); (D) termination by Executive after a Change of Control pursuant to Section 3(e); (E) termination by the Executive pursuant to Section 3(f); (F) termination by the Company pursuant to Section 3(h); or (G) termination by the Company pursuant to Section 7(a).
When Due. All Annual Fees shall be paid on January 1st of each year. All pro-rata payments made during the year shall be based on this date. All payments shall be paid within 30 days of invoicing.
When Due. Employee shall be entitled to the Deferred Compensation as calculated below, the initial installment of which is to be paid within 30 days after the event giving rise to the payout (except as provided below) in the event that Employee's employment is terminated for any of the following reasons herein: (A) termination by the Company without cause pursuant to Section 3(c); (B) termination by Employee upon default by the Company pursuant to Section 3(d); (C) termination by Employee after a Change of Control pursuant to Section 3(h) or; (D) termination by the Employee pursuant to Section 3(e).
When Due. All Union dues shall be sent to the Union by the Employer by the tenth (10th) day of the month following the month in which the work was performed. The Employer shall report the hours worked on the form furnished by the Trust Fund.
When Due. The date for the payment will be the date specified by the Bank in its notification to the Company, which date shall be the latest day allowed by law.
When Due. Accrued Guarantee Commission for each Guarantee shall be paid in arrear on each 30 March, 30 June, 30 September and 30 December of each year falling during such period and on the applicable Guarantee Termination Date.
When Due. Lessee shall pay first-year Base Rent along with any Additional Rent due (or any prorated portion offirst year Base Rent) upon execution ofthis Lease. For all subsequent years, Base Rent, along with any Additional Rent shall be paid annually in advance before August I. Base Rent, along with any Additional Rent shall be paid by mailing or delivering during business hours to the County at the address listed herein (see section on notice), and shall be considered paid on the business date the County receives the rent.
When Due. The monthly report shall be delivered to the Treasurer not later than the fifteenth (15th) day after the end of each calendar month, or when requested by the Treasurer, and shall contain the applicable information for the preceding calendar month. The report shall be submitted under oath, and signed by the president or other duly authorized officer of the institution, and by the individual who prepared the report.
When Due. Except as provided in Section 8.2(e) above, FiveCom shall make all payments required by this Section 8 and any additional amounts payable to BecoCom within [**] of the last day of each month in which the FiveCom Fibers are made available to FiveCom.
When Due. Payment for all Services is due at the time the Services are rendered unless otherwise specified within this Agreement.