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2008-131
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2008-131
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Last modified
3/30/2016 11:30:57 AM
Creation date
10/1/2015 12:07:51 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/28/2008
Control Number
2008-131
Agenda Item Number
4.A.
Entity Name
Piper Aircraft, Inc.
Subject
Closing Fund Agreement
Supplemental fields
SmeadsoftID
6997
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Exhibit C <br /> Pa ment Phases Performance <br /> Transfer to EFl 1st Payment 2nd Payment 3rd Payment 12/31 /2007 12/31 /2008 12/31 /2009 12/31 /2010 12/31 /2011 12/31 /2012 12/31 <br />/2013 12/31 /2014112/31 /20151 <br /> Section 5.0(b) Section 5.0(c ) Section 5.0(d) Section 5.0(e) <br /> Section Amount $12 ,000,000 $4,000,000 $4,000,000 $4,000,000 <br /> Add 152 FTE for a total of <br /> 5.0(f)(1 ) 1 ,166 by 12/31 /2008 X X X X X X X X <br /> Add 19 FTE for a total of <br /> 5-0(f)(2) 1 , 185 by by 12/31 /09 X X X X X X X <br /> Maintain 1 , 185 FTE's and <br /> 5.0(f)(3) add 232 by 12/31 /2012 X 232 232 1 232 232 <br /> Payment of jobs specified in <br /> 5.0(f)(1 )-(3) of at least <br /> 5.0(f)(4) $46,500 excl. benefits X X X X X X X X <br /> umu a ive Capital Inv. <br /> M by 12/31 /2010 and an <br /> additional $13 M by <br /> 12/31 /13, maintain that <br /> 5.0(f)(5) $45M thru 12/31 /15 1 1 $32 M $45 M X X <br /> 5.0(f)(6) Rpt cumulative Prod. Dev <br /> 5.0(f)(7) Reaffirm commitment <br /> Total FTE Performance 1014 1166 1185 1185 ffBasedon <br /> 417 1417 1417 1417 <br /> Potential Based on Based on Based on Based on ed on Based onBased on Based on <br /> Penalties $ 12 M NP $4 M $8 M $12 M12 M $12 M $ 12 M $ 12 M <br />
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