Success Fees definition
Examples of Success Fees in a sentence
The Parties acknowledge that Seller has undertaken to pay success fees (the Success Fees) to certain employees and directors of the Company and N▇▇▇▇▇ ▇▇▇▇▇▇ Oy pursuant to agreements entered into between Seller and these employees and directors.
The Success Fees will become payable within ten (10) days of the Closing Date.
Buyers undertake to procure that the Company and N▇▇▇▇▇ Cables Oy use the funds received from Seller solely for the payment of the Success Fees and related employer obligations, and that all necessary amounts are remitted to the Finnish Tax Administration and other relevant authorities in accordance with applicable Law.
The Parties agree that the Success Fees shall be paid through the Company’s and N▇▇▇▇▇ ▇▇▇▇▇▇ Oy’s respective payroll systems, and Seller undertakes to provide the Company and N▇▇▇▇▇ Cables Oy with the necessary funds within seven (7) days of the Closing Date to cover (i) the Success Fees and (ii) all related statutory pension and social security contributions arising therefrom.