Second Payment. A salary increase of 2% plus $1071.00 effective from the commencement of the first full pay period on or after 1 July 2011.
Second Payment. The remaining balance of the total estimated reservation charges for all services requested is due fifteen (15) days prior to the first scheduled date of arrival.
Second Payment. The remaining balance of the total estimated reservation charges for the Licensed Space and all services requested is due prior to the first scheduled date of arrival. Payment in full of the Estimate of Charges set forth in the Reservation Confirmation is required before the Licensee utilizes any service.
Second Payment. An additional two hundred thousand dollars ($200,000.00) (the “Second Payment”) shall be paid by Aviza to Trikon within thirty (30) days after the satisfaction of the Second Payment Milestone (Delivery of Software) in accordance with Section 2.6; and
Second Payment. Subject to Section 1.3(i), within ten calendar days after the earlier to occur of (i) the first anniversary of the Closing Date or (ii) the later of the date of consummation of a Transaction (the "TRANSACTION CLOSING") or the Closing Date, a second payment equal to $10.0 million ("IP-2").
Second Payment. The Company will provide notice and evidence reasonably satisfactory to the Locality, the Authority, and VEDP that it has [received a Certificate of Occupancy for the Facility][made additional Capital Investments of at least $ (for an aggregate of $ of Capital Investments)] [created and Maintained at least an additional New Jobs (for an aggregate of New Jobs)] [and, ]. Such evidence will be subject to verification by the Locality and VEDP. Within 30 days of the verification, the Locality will disburse $ of the COF Grant proceeds to the Authority. Within 30 days of its receipt of such COF Grant proceeds, the Authority will disburse such COF Grant proceeds to the Company.
Second Payment. Half of total fee due six (6) weeks from the date the reservation is requested.
Second Payment. The second payment will be distributed in the following priority:
Second Payment. The Second Payment will be paid as follows: On the first Business Day following the closing of a Qualified Public Offering, the Buyer shall issue to the Seller and Sub a number of shares of Common Stock calculated by dividing their respective portions of the Second Payment by the price per share offered in the Qualified Public Offering; provided, however, that if the Qualified Public Offering has not been consummated by the date that is six months after the date of the Effective Date, then within 10 days thereafter, the Buyer shall issue to the Seller and Sub promissory notes, in the forms attached hereto as Exhibits D-1 and D-2, in an aggregate principal amount equal to the amount of the Second Payment (the “Notes”), in lieu of issuing any shares of Common Stock. If the Qualified Public Offering is consummated prior to the time all principal of the Notes has been paid, then on the date the Qualified Public Offering is consummated (i) interest will cease to accrue on the Notes, (ii) the Buyer shall pay all accrued but unpaid interest in cash, and (iii) the Notes will be automatically converted into the number of shares of Buyer’s Common Stock calculated by dividing the outstanding aggregate principal of the Notes at the time of the conversion by the price per share offered in the Qualified Public Offering. The Seller shall assign its right to receive 55% of the Second Payment to Sub. Seller has or will assign ownership interests in Sub to the Key Employees in the proportions (each an “Original Individual Share”) set forth on a schedule to be provided by the Seller to the Buyer no later than five Business Days after the Closing, which assigned interests (a) will be the only interests in Sub having the right to receive distributions of or from Sub’s share of the Second Payment and the Earnout Payment, and (b) will be forfeited by the holder thereof upon such holder’s Qualified Departure. The Parties agree that nothing herein shall obligate the Buyer to enter into a Qualified Public Offering.
Second Payment. (i) During Buyer's fiscal year 2004 fourth quarter Buyer and Muscats will meet to develop the projected business plan for the Business for the 2005 fiscal year (October 1, 2004 through September 30, 2005), including projected Net Sales for the 2005 fiscal year (the "2005 Revenue Projection"). In the event Buyer and Muscats cannot agree by November 1, 2004 on the 2005 projected Net Sales, the 2005 Net Sales Projection will be deemed for purposes of this Agreement to be equal to the actual Net Sales of the Business for the period October 1, 2003 through September 30, 2004.
