Initial Settlement Payment definition
Examples of Initial Settlement Payment in a sentence
The Company may terminate Executive’s employment for “Cause,” effective as of the date of the Notice of Termination (as defined in Section 8 below) and as evidenced by a resolution adopted in good faith by a majority of the independent members of the Board (excluding Executive), subject to the payment by the Company to Executive of the benefits provided in Section 9(a) hereof.
If the Secretary grants the ROWs, then on the day that all ROWs are granted and upon the Escrow Agent’s transfer of the Initial Settlement Payment to the Pueblo in accordance with Section 2(B)(i), the Department and the Pueblo shall irrevocably and forever release and discharge the County, former and current County employees, and former and current County elected officials from any and all claims of Trespass Damages.
The Secretary shall accept the Pueblo’s determinations as reflected in this Agreement and the Tribal Resolution attached as Exhibit B, including that: (1) the Initial Settlement Payment, Additional Settlement Payment and any Adjusted FMV Settlement Payment are satisfactory, (2) valuation is waived, and (3) accepting such agreed-upon compensation and waiving valuation is in the Pueblo’s best interest.
The adjusted Monthly Clean Coal Rates for the next Contract Year will be utilized to calculate the Initial Settlement Payment and Final Settlement Payment for each Contract Month in the next Contract Year as determined in section 6.2(c).
If the Final Settlement Payment is less than the Initial Settlement Payment, then Seller shall pay Buyer the difference.
Upon receipt of the Initial Settlement Payment, notwithstanding any appeals of the Preliminary Approval Order, the Bar Order, or both, subject to the approval of the District Court in the SEC Action, the Receiver shall be permitted to use funds from the Initial Settlement Payment to make the payments delineated in Sections 3(d)(ii), 3(d)(iii) and 3(d)(iv) below.
To the extent that the Receiver uses any portion of the Vermont Settlement Funds to pay contractor claims or expenses pursuant to Section 3(d)(iii) below, upon receipt of the Initial Settlement Payment, the Receiver shall promptly replenish the Vermont Settlement Funds with the amount so used by the Receiver.
The County shall pay the Pueblo $1,750,000.00 (“Initial Settlement Payment”), which Initial Settlement Payment shall be deposited with the Escrow Agent in accordance with Section 2(C) below.
The Initial Settlement Payment makes it possible for the completion of construction of Stateside Phase VI to create the necessary jobs for all investors in Stateside Phase VI to be eligible to apply for permanent legal residency.
In the event that there are Excluded Members who, when combined, would be allocated five percent (5%) or more of the Initial Settlement Payment, Defendant shall have the right, in its sole and absolute discretion, within twenty (20) calendar days after the opt-out deadline set by the Court, to notify Lead Class Counsel in writing that Defendant has elected to dissolve this Settlement Agreement and withdraw from the Settlement.