UPA Payments definition
UPA Payments means the Contingent Payments and the Non-U.S. Licensing Earn-Out Payments, as such terms are defined in the Unit Purchase Agreement, including all reporting obligations related thereto.
Examples of UPA Payments in a sentence
In the event Executive requests that such payments be made to UPA, the Company will coordinate directly with UPA regarding the appropriate mechanics for making the UPA Payments and Executive acknowledges that he will have no further rights or claims of any sort whatsoever to the UPA Payments and that the Company will have the right to withhold applicable taxes (if required) and other legally required deductions from the UPA Payments.
During the Term, Executive will receive a base salary equal to $240,000 per annum less the amount of UPA Payments (as defined below), payable in biweekly increments, subject to annual salary and performance review and potential salary increase at the sole discretion of the Company.