Distribution Option Sample Clauses

Distribution Option. (a) The Bartram Board of Dixxxxxxx shall have a one time option to cause Gavella to distribute to the Gavella shareholders all or a portion of the Bartram common stoxx xxxed by Gavella at the time of such notice. Such distribution shall be in the form of a dividend (or such other method as determined by the Bartram Board of Xxxxxxors, provided the Gavella Board of Directors agrees to such other method).
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Distribution Option. (choose whichever shall apply)
Sample 1
Distribution Option. Distributor shall have an exclusive option to enter into an exclusive distribution agreement with Supplier for the Products in Japan. The terms of the distribution agreement for Japan shall be as set forth in this Agreement. Distributor’s right to exercise such option shall expire at 11:59 p.m., Chicago time, on March 31, 2004. The term of such distribution agreement shall commence thirty (30) days after the date on which Distributor gives notice to Supplier that it is exercising its option. The prices at which Distributor buys Products from Supplier hereunder shall be as agreed between the parties subject to the provisions hereof and provided that such pricing shall be such that Distributor can earn a minimum gross profit (as defined in Section 3(b) below) of at least forty (40) percent of the existing reimbursement price published periodically by the Japanese Ministry of Health, Labor and Welfare (herein “MHLW”).
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Distribution Option. ECO is a distribution option under which a portion of the Contract's Current Value will automatically be surrendered and distributed each year.
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Distribution Option. 4. Instead of the increase pursuant to item 2, a works agreement to be concluded by 31.7.2023 may stipulate that the actual salaries or wages be increased by 9.7% (if the application of the minimum amount has resulted in an increase that exceeds 9.9%, the euro amount resulting from the excess must still be paid) and, in addition, that the salaries or wages of individual employees be increased. If the actual salaries or wages increased in this way do not reach the new minimum salaries or wages, they shall be increased accordingly, whereby this increase cannot be offset against the distribution amount. Flat- rate overtime payments shall be increased by the percentage by which the respective actual salary or wage is increased. In addition to the increase in actual salary or wage, at least 0.4% of the salary or wage total shall be used for internal distribution in the form of actual salary or wage increases (distribution amount).
Sample 1
Distribution Option. 4. Instead of the increase pursuant to item 2, a works agreement to be concluded by 31.7.2022 may stipulate that the actual salaries or wages be increased by 4.6% and, in addition, that the salaries or wages of individual employees be increased. If the actual salaries or wages increased in this way do not reach the new minimum salaries or wages, they shall be increased accordingly, whereby this increase cannot be offset against the distribution amount. Flat-rate overtime payments shall be increased by the percentage by which the respective actual salary or wage is increased. In addition to the increase in actual salary or wage, at least 0.4% of the salary or wage total shall be used for internal distribution in the form of actual salary or wage increases (distribution amount).
Sample 1
Distribution Option. 4. Instead of the increase pursuant to item 2, a works agreement to be concluded by 31.7.2024 may stipulate that the actual salaries or wages be increased by 6.6% and, in addition, that the salaries or wages of individual employees be increased. If the actual salaries or wages increased in this way do not reach the new minimum salaries or wages, they shall be increased accordingly, whereby this increase cannot be offset against the distribution amount. Flat-rate overtime payments shall be increased by the percentage by which the respective actual salary or wage is increased. In addition to the increase in actual salary or wage, at least 0.4% of the salary or wage total shall be used for internal distribution in the form of actual salary or wage increases (distribution amount). As of 1.5.2024, the increase shall be made in accordance with item 4 para 1. The difference in remuneration based on the works agreement or in accordance with item 2 shall be calculated retroactively from 1.5.2024 and paid by 31.7.2024. If, contrary to the original intention, no works agreement is reached, the difference between the increase in salaries or wages pursuant to item 2 and item 4 para 1 shall be paid retroactively for the months from May 2024 until 31.7.2024. The salary or wage total for the month of April 2024 shall be determined by applying mutatis mutandis the provisions on the assessment basis for the remuneration package (Section 6 item 39 lit. a to e77). The works agreement shall specify either in general or in detail the eligible beneficiaries, designate the manner of distribution, and ensure verifiability. The distribution option is intended to help improve the salary or wage structure. In particular, low salaries or wages that are considered by mutual agreement to be too low are to be taken into greater account. This circumstance can result both from the salary or wage level and from the ratio of the salary or wage level to the performance rendered or to the qualification. Aspects of purchasing power should also be taken into account. The desired choice of the distribution option must be announced in the business by 24.5.2024 (e.g. by posting). Time-off option
Sample 1
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Distribution Option 
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Related to Distribution Option

  • Termination Option Notwithstanding anything to the contrary contained in this Lease, Tenant shall have the one-time option (the “Termination Option”) to terminate this Lease, effective as of the last day of the sixtieth (60th) full calendar month of the Term (the “Termination Date”), by providing Landlord with written notice of such Termination Option election (the “Termination Notice”). Such Termination Notice shall be effective only if it is given to Landlord at least nine (9) full calendar months prior to the Termination Date (the “Termination Notice Deadline”); accordingly, if Tenant has not given its Termination Notice to Landlord prior to the Termination Notice Deadline, this Termination Option shall expire and be of no further force or effect, and Tenant shall have no right or option to terminate this Lease pursuant to this Special Stipulation No. 4 at any time after the Termination Notice Deadline. As a condition precedent to any termination of this Lease pursuant to the provisions of this Special Stipulation No. 4, in addition to Tenant’s delivery of its Termination Notice, Tenant must have delivered to Landlord with its Termination Notice, an amount as a termination fee (collectively, the “Termination Fee”) equal to the sum of (i) Ninety Thousand Three Hundred Twenty-Five and 14/100Dollars ($90,325.14), plus (ii) all unamortized Transaction Costs, as hereinafter defined, incurred in connection with this Lease and incurred by Landlord for any other expansion space leased by Tenant, all amortized using an interest rate of nine percent (9%) per annum over the ninety-one (91) month term of this Lease, and (iii) legal fees incurred by Landlord in connection with this Lease and any future amendment whereby Tenant is leasing additional space. “Transaction Costs” shall include generally, without limitation, any tenant improvement allowance, turnkey construction costs, leasing commissions, free rent and cash allowances or similar costs and expenses provided to Tenant or incurred by Landlord. With respect to any future expansion space, the Transaction Costs will be amortized over the period commencing on the effective date of Tenant’s lease of such expansion space through the expiration date of Tenant’s lease of such expansion space. It is hereby acknowledged that any such amount required to be paid by Tenant in connection with such early termination is not a penalty but a reasonable pre-estimate of the damages which would be incurred by Landlord as a result of such early termination of this Lease (which damages are impossible to calculate more precisely) and, in that regard, constitutes liquidated damages with respect to such loss. Tenant shall continue to be liable for its obligations under this Lease to and through the Termination Date, including, without limitation, Additional Rent that accrues pursuant to the terms of this Lease, with all of such obligations surviving the early termination of this Lease. The rights granted to Tenant under this Special Stipulation No. 4 are personal to the named Tenant, and in the event of any assignment of this Lease or sublease by Tenant, this Termination Option shall thenceforth be void and of no further force or effect. Tenant’s rights under this Special Stipulation No. 4 shall be effective only if Tenant is not in a default (regardless of any notice and/or cure period) under the Lease, either at the time of the delivery of the Termination Notice or as of the Termination Date.

  • Payment Options The exercise price shall be paid by one or any combination of the following forms of payment that are applicable to this option, as indicated on the cover page hereof:

  • Stock Distribution /Rights Exercise Fee by any Holder of ADS(s), a fee not in excess of U.S. $5.00 per 100 ADSs (or fraction thereof) held for the distribution of ADSs pursuant to (a) stock dividends or other free stock distributions, or (b) an exercise of rights to purchase additional ADSs;

  • Early Termination Option Tenant shall have the one-time option (“Early Termination Option”) to terminate this Lease in its entirety at the end of the seventh (7th) anniversary of the Commencement Date (“Early Termination Date”). Tenant may exercise its Early Termination Option only if it provides Landlord an early termination notice no less than twelve (12) months prior to the Early Termination Date. If Tenant properly exercises its Early Termination Option and pays the Early Termination Fee, and is not in default, then following the Early Termination Date, Tenant shall be fully and forever released and discharged from any and all obligations, covenants or liabilities of whatsoever kind or nature in law or equity or otherwise arising out of or in connection with this Lease except any obligation or liability accrued before the Early Termination Date including any indemnification obligation of Tenant. If Tenant exercises its Early Termination Option under this Section 2.18, Tenant shall pay to Landlord, no later than ninety (90) days prior to the Early Termination Date, an amount equal to the portion of the unamortized Tenant Improvement Allowance (as defined in Section 12.7 and Exhibit D) and leasing commissions (including Floor 12), plus an amount equal to nine (9) months Base Rent for year eight (8) of the Term (“Early Termination Fee”). For purposes of this Section 2.18, the Tenant Improvement Allowance and leasing commission shall amortize on a straight line basis over the ten (10) year Initial Term at six percent (6%) interest per annum, with the unamortized portion of the Tenant Improvement Allowance and the lease commission being the last 27 months of the Lease Term to take into account the payment of Base Rent through the first nine months of year eight of the Lease.

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