o Payment Terms definition
o Payment Terms. An invoice for services rendered and expenses incurred will be issued to Bentley Pharmaceuticals on the first business day of each month of service. BTN agrees to pay each invoice, in full, and deliver the payment to RTA no later than the last business day of the month in which the invoice is due and payable; the first invoice under this agreement will be delivered to Bentley Pharmaceuticals on May 16, for the period May 16-May 31, which will be considered "full" work month for purposes of this agreement; RTA will expect the first payment under this agreement to be delivered no later than May 31, which is the last business day of the month; o Monthly retainer/Stock options: Bentley Pharmaceuticals agrees to pay RTA $4,000 each month for the length of this contract, which commences on May 16, 1996. Additionally, ▇▇▇▇▇▇▇ Pharmaceuticals agrees to give ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ the option to purchase 25,000 shares of the company's stock, at a "locked in" price per share as of the close of business of May 16; these options will vest quarterly, at the rate of 6,250 shares;
Examples of o Payment Terms in a sentence
Examples of this information are: - Customer commitments to send checks - Date customers are put on hold - Miscellaneous comments noted by the Credit Analyst that may be of value in future credit decisions o Payment Terms o Standard terms for OEM customers are either net 10th and net 25th prox or net 30 days on the date in the month in which the product is shipped.