Alternative Forms of Payment Sample Clauses

Alternative Forms of Payment. Executive may elect to receive his Normal Retirement Benefit payable under this Agreement payable in a Form other than a Life Annuity (as provided above in Section 2.1(a) above), provided he elects to do so either on his initial Election Form or a Change of Election Form. Any Change of Election Form must be in accordance with IRC 409A and such Change of Election Form must be received by the Plan Administrator at least 12 months prior to the date payment of benefits are to other commence under this Agreement. Accordingly, a Participant may elect, in lieu of a Life Annuity, to receive his Normal Retirement Benefit in one of the following Alternative Forms of Payment: (i) Life Annuity with either a 120 or 180 guaranteed monthly payments; (ii) Joint and 50% (or 100%) Survivor Annuity. Any Alternative Form of Payment provide herein shall be the Actuarial Equivalent of the Normal Form (Life Annuity) of payment. If the Executive’s Separation from Service thereafter is a Termination for Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.
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Alternative Forms of Payment. Subject to Section 2.4, the Executive may elect to receive his Normal Retirement Benefit payable under this Plan in an Actuarially Equivalent lump sum, provided he elects to do so upon his initial designation as a Participant or as otherwise permitted by Code Section 409A.
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Alternative Forms of Payment. The Company may, in its sole discretion, agree to allow you to make payment of the exercise price in any one of the following forms: i. The surrender of shares of the Company's stock which you own having a value, as determined by the Company, equal to the exercise price, provided that if you are subject to short-swing profit liability under '16 of the Exchange Act, the timing of the exercise must satisfy the requirements of Rule 16b-3 of the SEC; ii. The delivery of a recourse promissory note signed by you, provided that the promissory note shall be due and payable not more than four (4) years after this option is exercised and that interest shall be payable at least annually at a rate not less than that necessary to avoid assessment of imputed interest under the Code; or iii. The assignment by you of the proceeds of the sale of some or all of the shares being acquired upon exercise of this option. The Company shall be under no obligation to allow you to use any of these alternative forms of payment of the purchase price. Furthermore, the Company may place additional conditions upon your use of these methods of payment of the Exercise Price if it believes, in its sole discretion, that it is in the best interests of the Company to do so.
Sample 1
Alternative Forms of Payment. The Issuer, at its sole discretion, may allow the Holder to exercise this Warrant by the surrender of shares of the Issuer's stock owned by the Holder with a value, as determined by the Issuer, equal to the Purchase Price, provided that if the Holder is subject to short-swing profit liability under Section 16 of the Securities Exchange Act, the timing of the exercise must satisfy the requirements of Rule 16b-3 of the Securities and Exchange Commission.
Sample 1
Alternative Forms of Payment. In lieu of the payment provided in Sections 2.01, and 2.02, Executive shall also be entitled to elect an actuarial equivalent single lump sum. Any election by an Executive under this section to receive a single lump sum shall be effective only if it is made in writing and submitted to the Corporation no later than one year preceding the Executive's retirement from the Corporation. The interest rate and other factors used to determine the single lump sum shall be determined at the sole discretion of the Corporation.
Sample 1
Alternative Forms of Payment. A Member may elect, or after death in default of such election the Spouse may elect, that the Actuarial Equivalent of any lump sum amounts payable under Section 12.01, 12.02, 12.03 or 12.04 to such Spouse be applied to provide an immediate annuity to the Spouse, without a guarantee period or with a guarantee period of complete years not exceeding the lesser of 15 years and the number of years between the date of the Member's death and the day before the Spouse would attain age 86.
Sample 1
Alternative Forms of Payment. Executive may elect, with respect to any type of Distribution Event, to receive payment of the Deferred Incentive Benefit in either: (A) monthly installments beginning on the applicable Distribution Date and payable during any period that does not exceed 120 months; or (B) a cash lump sum payable on any applicable Distribution Date; provided, however, that, if the Distribution Event is an involuntary Termination of Employment for Cause, the lump sum payment shall not be made before the date otherwise scheduled under Section 7 for the 48th monthly installment.
Sample 1
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Related to Alternative Forms of Payment

  • FORMS OF PAYMENT Landlord agrees to accept the following forms of payment for the Rent: __________________________________________________________________________________ DELIVERABLE: Payment may be sent or delivered to the address noted below or to any person or institution denoted by Landlord, whether by mail, email or any other means. If payment shall be made electronically, the address below shall be utilized as Tenant's contact point for Landlord: ___________ __________________________________________________________________________________ The email address for landlord is as follows: ____________________________________________________

  • Alternative Forms of Notice Any notice or request required or permitted to be given by a Party to the other Parties and not required by this Agreement to be given in writing may be so given by telephone, facsimile or email to the telephone numbers and email addresses set out in Appendix F hereto.

  • Terms of Payment 16.1 The Supplier shall request for payment by submitting invoice(s), delivery note(s) and any other relevant documents as specified in the SCC to the Procuring Entity. 16.2 Payments shall be made promptly by the Procuring Entity, but not later than thirty (30) days after submission of an invoice by the Supplier, and after the Procuring Entity has accepted it.

  • Form of Payments All payments to Holders will be made as Automated Clearing House (ACH) deposits into an account designated by each Holder at the Site.

  • Forms of Notes (a) The forms of the Notes, including the forms of Certificated Notes, Regulation S Global Notes and Rule 144A Global Notes, shall be as set forth in the applicable part of Exhibit A hereto.

  • Form of Payment On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Note to be issued and sold to it at the Closing (as defined below) (the “Purchase Price”) by wire transfer of immediately available funds to the Company, in accordance with the Company’s written wiring instructions, against delivery of the Note in the principal amount equal to the Purchase Price as is set forth immediately below the Buyer’s name on the signature pages hereto, and (ii) the Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery of such Purchase Price.

  • Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment Whether or not any Loans are outstanding, extend the Expiration Date or the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Commitment Fee or any other fee payable to any Lender, or reduce the principal amount of or the rate of interest borne by any Loan or reduce the Commitment Fee or any other fee payable to any Lender, without the consent of each Lender directly affected thereby;

  • Application of Payment The monthly housing assistance payment shall be credited against the monthly rent to owner for the contract unit.

  • RATES OF PAYMENT B3.1 Current Contract Rates. Included Timber that is removed by Purchaser and presented for Scaling in the product form stated in A2 shall be paid for at Current Contract Rates determined under this Section. “Current Contract Rates” shall be (a) Flat Rates and (b) Tentative Rates adjusted by the escalation procedures in B3.

  • Application of Payments Landlord shall have the right to apply payments received from Tenant pursuant to this Lease, regardless of Tenant’s designation of such payments, to satisfy any obligations of Tenant hereunder, in such order and amounts as Landlord, in its sole discretion, may elect.

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