Lump-Sum Payment Amount Sample Clauses

Lump-Sum Payment Amount. The lump sum payment made to a Member under this Section 3.05 in 2018 will equal the Member’s Employee Contributions adjusted for interest through December 31, 2017, as provided in Section 1.04 and increased by interest for the period from January 1, 2018, through the payment date at an annual rate of 1.74% (“final year interest rate”).
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Lump-Sum Payment Amount. For the purposes of this Section 5.3.4, the time when a Constructive Termination occurs shall be the day any event occurs which is included in the definition of Constructive Termination; 5.3.4.2.2 Executive shall immediately upon termination pursuant to this Section 5.3.4 have the unconditional,
Lump-Sum Payment Amount. The Lump-sum Payment Amount shall be equal to the net present value of the On-going Payment Amount calculated in (a). For purposes of calculating the net present value, a discount rate of 5% shall be used. Further, for purposes of computing this lump-sum Termination Fee, CES and CLIENT agree that (i) the amounts CLIENT expects to retain of any Net Energy Billing Credits each year over the remaining term of this Agreement shall be calculated using the expected generation (measured in kWh per year for each year remaining in the term) as specified in such Net Energy Billing Credit Agreement multiplied by the difference between the Net Energy Billing Credit value each year and the payment to the NEBC Counterparty each year. For purposes of this calculation, the Net Energy Billing Credit shall be deemed to be $0.125 per kWh in the first year of each NEBC Agreement, increasing each year thereafter by 2% This Termination Fee shall be invoiced by CES and shall be due and payable in accordance with the payment terms contained in this Appendix A.
Lump-Sum Payment Amount. For the purposes of this Section 5.3.4, the time when a Constructive Termination occurs shall be the day any event occurs which is included in the definition of Constructive Termination; 5.3.4.2.2 Executive shall immediately upon termination pursuant to this Section 5.3.4 have the unconditional, unencumbered and free right, title and interest in all shares of stock of Group which were granted, sold or optioned (subject, if Executive elects to exercise unexercised rights, to his obligation to pay the option exercise price or other purchase price to the extent
Lump-Sum Payment Amount. For the purposes of this Section 5.3.4, the time when a Constructive Termination occurs shall be the day any event occurs which is included in the definition of Constructive Termination; 5.3.4.2.2 Executive shall immediately upon termination pursuant to this Section 5.3.4 have the unconditional, unencumbered and free right, title and interest in all shares of stock of Group which were granted, sold or optioned (subject, if Executive elects to exercise unexercised rights, to his obligation to pay the option exercise price or other purchase price to the extent theretofore not paid) to Executive by Group at any time prior to the date of termination as if all restrictions imposed by Group had lapsed and all events necessary to vest in Executive such rights, including the lapsing of time, had occurred, and Group shall take all such actions as may be necessary to release any then existing restrictions imposed by Group and waive any rights to repurchase such shares; 5.3.4.2.3 Medical, Dental and Life Insurance Coverage Continuation for a period of two (2) years from the date of termination;

Related to Lump-Sum Payment Amount

  • 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.

  • Lump Sum Payments If, during the Employment Period, the Company terminates the Executive's employment other than for Cause, or the Executive terminates employment for Good Reason, the Company shall pay to the Executive the following amounts:

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Lump Sum Severance Payment Payment of a lump sum amount equal to twelve (12) months of Executive’s then-current Base Salary plus the Pro Rated Bonus, less all customary and required taxes and employment-related deductions, paid on the first payroll date following the date on which the Release required by Paragraph 4(g) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employment.

  • Separation Payment An ASF Member shall be compensated at the final rate of pay for all unused, accumulated vacation, leave time upon separation from state service, or movement to a vacation ineligible position. An employee on an unpaid leave of absence of more than one (1) year for a purpose other than accepting an unclassified position in state civil service, or an employee on layoff that results in separation from service, may elect to be compensated at the final rate of pay for unused accumulated vacation leave. This accumulated vacation payout shall not exceed two hundred and seventy-five (275) hours, except in the case of the ASF Member's death. Calculation of an ASF Member's hourly rate for purposes of computing vacation separation payment shall be based upon a base of two thousand eighty-eight (2,088) working hours per year. Appointment periods of less than one

  • Cash Severance Payment Executive shall receive a lump sum payment in an amount equal to twelve (12) months of Executive's base salary (less applicable withholding), paid within five (5) business days after the conclusion of the transition period (or after the termination date if there is no transition period requested by the Company).

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Pre-Payment The Tenant shall: (check one) ☐ - Pre-Pay Rent in the amount of $[PRE-PAY RENT AMOUNT] for the term starting on [START DATE] and ending on [END DATE]. The Pre-Payment of Rent shall be due upon the execution of this Agreement. ☐ - Not be required to Pre-Pay Rent.

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