Requires a retail payment contract. Financing available only for equipment and installation costs. Financing for well-qualified borrowers at a 0% APR for at least $200 up to a maximum of $4,000 for each approved application. First payment due upon installation of the equipment and subsequent payments in equal monthly installments for the selected term (excluding applicable fines and service fee increases). Available for 12, 24, 36 and 60 months. Full balance of equipment and installation due immediately after the end of related ADT services for funding provided by ADT. Late Fees – ADT may charge a one-time fee for any late payment of more than ten (10) days, up to the maximum amount permitted by law, but in no event will this amount exceed the advance payment of $5.00. There is no penalty or refund for advance payments. Funding is available in all geographic regions except Puerto Rico. (c) certain payments made under the Administrative Arrangement. Certain members of the ADT North American R/SB Group are parties to a Management Services Agreement (the “Management Agreement”) under which Tyco International Management Company, LLC (the “Supplier”) provides various management services to certain U.S.
subsidiaries of Tyco within the ADT North American R/SB Group (individually a “Recipient” and collectively B. the “Recipient”). Prior to the distribution date of the NA TDDA, Tyco will establish an estimate of the amounts to be paid by recipients to the supplier for the period up to the date of distribution of the NA TDDA under the Administrative Agreement (or a right of recipients to reimbursement of previous payments under the Administrative Arrangement). Prior to the date of distribution of ADT NA, any Recipient who owes additional amounts must pay the Supplier all amounts due or, as the case may be, the Supplier must reimburse any Recipient who has overpaid the Supplier all amounts overpaid, each based on the estimates made by Tyco in accordance with the preceding sentence, the payment or refund of which constitutes full payment of all amounts due or due under the Management Agreement. Prior to the distribution date of ADT NA, Tyco will bind the supplier and recipients to terminate the management agreement. Section 12.3. Counterparties. This Agreement may be implemented in several counterparties (each not to contain the signatures of more than one Party), each of which shall be considered the original, but shall all together constitute a single agreement. This Agreement and any changes to this Agreement will be amended to the extent they are signed and (A) On behalf of all employees of ADT North American R/SB holding such Restricted Share Units, Tyco will convert such Units into Restricted Share Units payable solely in ADT NA Shares, to which the same terms (including the Exercise Plan) generally apply; associated with such an original Tyco Restricted Share Unit Premium. The number of ADT NA Restricted Share Units is equal to the number of Tyco Restricted Share Units outstanding on the ADT NA distribution date, multiplied by a fraction whose numerator is Tyco`s closing price and whose denominator is the pre-distribution ADT NA share price, this product being rounded down to the nearest integer of the units with a cash payment of ADT NA for all fractions. Notwithstanding the foregoing, if payment in cash at that time would result in an employee of ADT North American R/SB being subject to the additional taxes set out in section 409A of the Code, the cash payment will be made at the time ADT NA`s restricted share units are otherwise payable under the terms of the applicable supply agreement.
Section 12.8. Changes. This Agreement may only be amended or supplemented by a written agreement signed by a duly authorized representative of each of the Parties. (ii) Tyco Options held by persons who have previously served as Tyco Administrators and who do not act as Tyco Administrators on and after the NA ADT Distribution Date will be treated in the same manner as described in Section 6.1(c) above, unless expressly stated otherwise in a written agreement with the holder of such Tyco Options. in such event, such options will be treated in accordance with the terms of this Individual Agreement. (i) Notwithstanding Sections 6.1(a) and (b), Tyco will take all necessary steps for all Tyco Options granted and held by employees listed in Schedule 6.1(c) prior to October 12, 2011, as well as for all Tyco Options held by non-employee directors of Tyco International on the date of distribution ADT NA (“Tyco Directors”), so that each of these Tyco options, which is pending immediately prior to distribution, whether acquired or acquired, from 12:00:01 a.m . . .