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Chan didn't wind up serving all of it, thanks to Joi Ito who met Chan and decided he had to have him for Neoteny Labs' man-on-the-ground and helped negotiate an out in the contract with a deferred payment plan.
Many investors will purchase surplus inventory with a deferred payment plan that may include a modest payment up front and the balance due after a period of 90 days or longer.
Mr. Gulotta had proposed the deferred payment plan, called a lag payroll, in December as a means of temporarily saving the cash-starved county $20 million.
Lawyers familiar with the deferred payment plans say the recipients pay no interest and sometimes have as long as 10 years to settle up.
Under a deferred payment agreement, the care charges are repaid from the estate at a later date, helping people to delay the need to sell their home or possessions.
"You are only eligible for a deferred payment loan if your other assets in total come to less than £23,250".
It confirmed there would be a deferred payment scheme under which the local council would pay care fees and claim them back from the estate after death.
A deferred payment loan assisted with amount provided under a grant under this section shall be secured by a lien on the property involved, which lien shall be subordinate to the first mortgage on the property.
Under the terms of the agreement, Mr. Kuenne and other shareholders of the privately held Rosetta could receive a deferred payment, in addition to the initial $575 million, if the agency meets financial performance targets.
Robbins & Smith said there would be a deferred payment of $25 million to $30 million linked to Romaco's 2001 sales and income performance.
Continental Airlines recently introduced two payment options on its Web site, electronic transfer from a checking account and a deferred payment option called Bill Me Later.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com