Compensation, Payment and Timing. In consideration of the Work, the Client shall compensate Consultant as follows: Compensation for the Work shall be: () per month to be paid by wire transfer by the first day of each month. Additionally, as disclosed on its Share Purchase Agreement (the "SPA") both parties agreed to allow the Consultant to retain a 0.05% interest in , or 50,000 (Fifty Thousand Shares) (TBC: Star Vending Services Corp.). These shares shall also be named in a Form S-1 filing and will be allowed piggy-back registration rights to become freely-tradable shares pursuant to this agreement. Further, the Consultant shall not be entitled to any further shares upon any future issuances of stock by the Client.
Payment Timing. The 20 Bonus will be paid during March 20.
Timing of Payment. Earned hire-on bonus amounts will be paid as soon as practicable following trigger dates described in [Section 1] and [Section 2].
Timing of Payment. Any payment to which Employee becomes entitled under this Agreement will be made to Employee on the 60th day following the end of the Retention Period subject to the conditions set forth in this [Section 2].
Timing of Payment. Notwithstanding anything to the contrary in this Agreement, to the extent required to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"), if Executive is deemed by the Board, in its sole discretion, to be a "specified employee" for purposes of [Section 409A(a)(2)(B)] of the Code, Executive agrees that any non-qualified deferred compensation payments due to Executive under this Agreement in connection with a termination of Executive's employment that would otherwise have been payable at any time during the six-month period immediately following such termination of employment will be paid as soon as practicable in accordance with [Section 8.10].
Timing of Payment. Payment of each Actual Award shall be made as soon as practicable after the end of the Performance Period to which the Actual Award relates and after the Actual Award is approved by the Committee, but in no event later than # the fifteenth (15th) day of the third (3rd) month of the Fiscal Year immediately following the Fiscal Year in which the Participants Actual Award is first no longer is subject to a substantial risk of forfeiture, and # March 15 of the calendar year immediately following the calendar year in which the Participants Actual Award is first no longer is subject to a substantial risk of forfeiture. Unless otherwise determined by the Committee, to earn an Actual Award a Participant must be employed by the Company or any Affiliate on the date the Actual Award is paid.
Timing of Payment. Except as otherwise provided in [Section 11(b)] or in [Section 13], distribution of Awards for a Performance Period shall be made on, or as soon as practicable after, the distribution date for such Awards determined by the Committee, which date shall be on or before March 15 following the end of the applicable Performance Period, but in no event shall such date be later than the December 31 immediately following such March 15, and shall be payable in cash. Except as otherwise provided herein, no Participant shall have the unconditional right to an Award hereunder until the Performance Period has concluded and the exact amount of the Award (if any) has been determined by the Committee in accordance with [Section 10]. Except as otherwise provided in [Section 12], payment of any Award is subject to continued active employment with the Company or any of its Subsidiaries until the date the Award is paid.
Timing of Payment. After the bonus amount is certified by the Committee pursuant to the preceding paragraph, the bonuses shall be paid in cash in a single lump sum. Notwithstanding anything in [Section V.2] to the contrary, such payment shall occur following the completion of the 2024 calendar year, and in any event, on or before .
Timing and Form of Payment. After the bonus amount for a quarter is certified by the Committee or the President, as applicable, the bonus shall be paid in cash in a single lump sum within 45 days after the last day of the quarter, provided that the payment (if any) for the fourth quarter shall occur on or after and on or before . Bonus payments are intended to qualify as short-term deferrals under section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and shall be paid not later than the latest specified payment date (). The Company shall have the authority to delay the payment of any bonus under the Program to the extent it deems necessary or appropriate to comply with Code section 409A(a)(2)(B)(i).
Amounts contained in a participating Director’s Deferred Compensation Account will, subject to [Section 4.5] below, be distributed in a lump sum within 45 days following the applicable Payment Event (in any case, such payment date, the “Payment Date”), in accordance with the terms and conditions set forth herein. Notwithstanding anything to the contrary contained herein, the exact Payment Date shall be determined by the Company in its sole discretion (and the participating Director shall not have the right to designate the time of payment).
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.