LUMP SUM OR INSTALLMENTS Sample Clauses

LUMP SUM OR INSTALLMENTS. A bonus under this section may be paid in a lump sum or in periodic installments, as determined by the Secretary concerned.
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LUMP SUM OR INSTALLMENTS. A health professions bonus under subsection (a) may be paid in a lump sum or in periodic install- ments, as determined by the Secretary con- cerned. Board certification incentive pay under subsection (c) may be paid monthly, in a lump sum at the beginning of the certifi- cation period, or in periodic installments dur- ing the certification period, as determined by the Secretary concerned.
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LUMP SUM OR INSTALLMENTS. Assignment or special duty pay under subsection (a) may be paid monthly, in a lump sum, or in periodic installments other than monthly, as deter- mined by the Secretary concerned. If paid monthly, the Secretary concerned may pro- rate the monthly amount of the assignment or special duty pay for a member who does not satisfy the eligibility requirement for an en- tire month to reflect the duration of the mem- ber’s actual qualifying service during the month.
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LUMP SUM OR INSTALLMENTS. The purchase price for Restricted Shares shall be paid by the Company in full at the closing or, at the election of the Company, in equal annual installments, together with interest payable quarterly at the rate of interest announced publicly on the first day of each calendar quarter by a major United States money market bank, selected by the Company, as such bank's base rate, over a number of years to be determined by the Company but in no event exceeding five (5) years if the purchase is pursuant to Section 3.2, or ten (10) years if the purchase is pursuant to Section 3.3 or Section 3.4.
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LUMP SUM OR INSTALLMENTS. The purchase price for Option Shares shall be paid by the Company in full at the closing or, at the election of the Company, in equal annual installments, together with interest payable quarterly at the rate of interest announced publicly on the first day of each calendar quarter by a major United States money market bank, selected by the Company, as such bank's base rate, over a number of years to be determined by the Company but in no event exceeding five (5) years if the purchase is pursuant to Section 6.3 or Section 6.5, or ten (10) years if the purchase is pursuant to Section 6.4 or Section 6.6; provided, however, that the purchase price for any Option Shares purchased by the Company pursuant to Section 6.2 shall be paid in full at the closing.
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Related to LUMP SUM OR INSTALLMENTS

  • Installments For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

  • Installment Payments For purposes of Code Section 409A, Employee’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company.

  • Lump Sum Payments The retiring allowance shall be paid in annual instalments, to a maximum of three

  • Treatment of Each Installment as a Separate Payment For purposes of applying the provisions of Section 409A to this Agreement, each separately identified amount to which the Executive is entitled under this Agreement shall be treated as a separate payment. In addition, to the extent permissible under Section 409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Lump Sum The Change Order cost is determined by mutual agreement as a lump sum amount changing the Contract Sum allowed for completion of the Work. The Change Order shall be substantiated by documentation itemizing the estimated quantities and costs of all labor, materials and equipment required as well as any xxxx-up used. The price change shall include the cost percent allowed for the Contractor's overhead and profit and, if eligible, Time Dependent Overhead Costs.

  • Retirement Allowance Prior to issuing notice of layoff pursuant to article 9.08(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 9.08(a)(ii). An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement."

  • Death During Distribution of a Benefit If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived.

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