Installment Period Sample Clauses

Installment Period. At retirement or in the event the Employee's employment with the Company terminates for any reason other than the death of the Employee, then beginning on a date to be determined by the Company but within 3 months from the date of such termination, the Company will commence to pay the Employee termination benefits in equal installments. If the number of whole years for which income was actually deferred between the effective date of this Agreement and the date of termination ("Service Period") is 10 or less years, such installments will be paid for a period of years equal to such Service Period. If, on the other hand, the Service Period is 11 or more years, such installments will be paid for any number of whole years which the Company, in its sole discretion and either with or without consultation with the Employee, may select within the range of years specified in the following schedule, depending upon the Service Period of the Employee: 4 Period of Whole Years Company Service Period May Select for Installments -------------- ----------------------------- 11 years 10 thru 11 inclusive 12 years 10 thru 12 inclusive 13 years 10 thru 13 inclusive 14 years 10 thru 14 inclusive 15 years 10 thru 15 inclusive 16 years 10 thru 16 inclusive 17 years 10 thru 17 inclusive 18 years 10 thru 18 inclusive 19 years 10 thru 19 inclusive 20 years or more 10 thru 20 inclusive
Sample 1
AutoNDA by SimpleDocs
Installment Period. The period beginning on July 1, 2004 and continuing through October 31, 2008.
Sample 1
Installment Period. In the event the Employee's employment with the Company terminated because of the Employee's death, then, beginning on a date to be determined by the Company but no sooner than the day after and no later than 2 months following such termination, the Company will commence to pay the designated beneficiaries, termination benefits, in monthly installments, for a period as determined by Subparagraph 2.2.1.
Sample 1
Installment Period. Maker shall make payments to the Holder in equal monthly installments of $500.00, the same due and payable on the fifteenth day of each month commencing May 15, 1999 and continuing thereafter until May 15, 2000 at which time Maker shall commence making payment in the amount of $1,000.00 per month until November 15, 2001. At the expiration of said installment period, Maker and the Holder may agree to extend the period of this note. If the parties elect not to extend said period, the Maker shall thereafter make payments in accordance with paragraph 2 herein. At any time during this period, Maker may elect to make additional payments, the same to be applied towards the outstanding principal only.
Sample 1
Installment Period. In the event the Director’s Directorship with the Association terminates for any reason other than the death of the Director, then beginning on the Director’s 65th birthday, or upon the subsequent termination of his Directorship, should the Director terminate his Directorship after his 65th birthday the Association will commence to pay the Director retirement benefits in monthly installments over a ten (10) year period.
Sample 1

Related to Installment Period

  • Payment Period Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within forty (40) days following the date of termination), the actual date of payment within the specified period shall be within the sole discretion of the Company.

  • Funding Period The Funding Period, if any, shall not have terminated.

  • Allocations During the Early Amortization Period During the Early Amortization Period, an amount equal to the product of (A) the Principal Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that after the date on which an amount of such Collections equal to the Adjusted Invested Amount has been deposited into the Collection Account and allocated to the Series 1997-1 Certificateholders, such amount shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Measurement Period (b) In this Agreement, unless the contrary intention appears, a reference to:

  • Sales During Pre-Settlement Period Notwithstanding anything herein to the contrary, if at any time on or after the time of execution of this Agreement by the Company and an applicable Purchaser, through, and including the time immediately prior to the Closing (the “Pre-Settlement Period”), such Purchaser sells to any Person all, or any portion, of any shares of Common Stock to be issued hereunder to such Purchaser at the Closing (collectively, the “Pre-Settlement Shares”), such Purchaser shall, automatically hereunder (without any additional required actions by such Purchaser or the Company), be deemed to be unconditionally bound to purchase, and the Company shall be deemed unconditionally bound to sell, such Pre-Settlement Shares to such Purchaser at the Closing; provided, that the Company shall not be required to deliver any Pre-Settlement Shares to such Purchaser prior to the Company’s receipt of the purchase price of such Pre-Settlement Shares hereunder; and provided further that the Company hereby acknowledges and agrees that the forgoing shall not constitute a representation or covenant by such Purchaser as to whether or not during the Pre-Settlement Period such Purchaser shall sell any shares of Common Stock to any Person and that any such decision to sell any shares of Common Stock by such Purchaser shall solely be made at the time such Purchaser elects to effect any such sale, if any.

  • Variable Accumulation Period The Controlled Accumulation Period is scheduled to commence on the Stated Controlled Accumulation Period Commencement Date; provided, however, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is different from the Initial Scheduled Controlled Accumulation Period Length, the Servicer, at its option on any Determination Date prior to the commencement of the Controlled Accumulation Period, may elect to modify the date on which the Controlled Accumulation Period actually commences to the last Business Day of any Due Period that precedes the Due Period that is the number of Due Periods prior to the Expected Final Payment Date equal to the Controlled Accumulation Period Length. Such election will be set forth in the Monthly Servicer Certificate. If the Servicer elects to modify the date on which the Controlled Accumulation Period commences pursuant to this Section 19, then on each Determination Date thereafter until the date on which the Controlled Accumulation Period commences the Servicer will recalculate the Controlled Accumulation Period Length; provided, however, that (i) the length of the Controlled Accumulation Period will not be less than the Minimum Controlled Accumulation Period Length and (ii) notwithstanding any other provision of this Series Supplement to the contrary, no election to postpone the commencement of the Controlled Accumulation Period shall be made after a Rapid Amortization Event (as described herein or in the applicable Series Supplement) shall have occurred for so long as it is continuing with respect to any Series in the Group to which the Series established hereby belongs. On each Determination Date, the Servicer will determine the "Controlled Accumulation Period Length" that will equal the number of Due Periods such that the Class Controlled Accumulation Amount for the Due Period related to the Class Expected Final Payment Date, when aggregated with the Class Controlled Accumulation Amounts for each preceding Due Period, will equal or exceed the Series Initial Investor Interest. Any notice by the Servicer electing to modify the commencement of the Controlled Accumulation Period pursuant to this Section 19 shall specify the following as determined on such Determination Date: (i) the Controlled Accumulation Period Length; (ii) the commencement date of the Controlled Accumulation Period; and (iii) the Class Controlled Accumulation Amount with respect to each class of such Series with respect to each Due Period. If the Controlled Accumulation Period Length as recalculated on any such Determination Date exceeds the number of full Due Periods following such Determination Date and preceding the Class A Expected Final Payment Date, the commencement date of the Controlled Accumulation Period will be such Determination Date.

  • Extension Period Any extension hereof shall be subject to the provisions of Article III hereof.

  • Payment Term In 90 days from the date of this contract has signed, Party C shall pay Party A and Party B the full purchase price in a lump sum.

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

  • Month A period commencing at 10:00 a.m., Eastern Standard Time, on the first Day of a calendar month and extending until 10:00 a.m., Eastern Standard Time, on the first Day of the next succeeding calendar month. Monthly shall have the correlative meaning.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!