Modified Payment Schedules Sample Clauses

Modified Payment Schedules. A Modified Payment Schedule shall be delivered by the Company to the Trustee and to the Executive each time that additional amounts are required to be paid by the Company to the Trustee under Section 5.3, upon the occurrence of any event requiring a new Payment Schedule under Section 4.1., or upon the death of the Executive. The Trustee shall make payments from the Trust Funds to the Executive in accordance with the provisions of the applicable Payment Schedule. In the event that the Executive reasonably believes that the Payment Schedule, as modified, does not properly reflect the amount payable to the Executive and/or dates of Payment under the Employment Agreement, the Executive shall be entitled to deliver to the Trustee written notice ("the Executive's Notice") setting forth payment instructions for the amount the Executive believes is payable under the relevant terms of the Agreement. The Executive shall also deliver a copy of the Executive's Notice to the Company within three (3) business days of delivery to the Trustee. Unless the Trustee receives written objection from the Company within thirty (30) business days after receipt by the Trustee of such notice, the Trustee shall make the payment in accordance with the payment instructions set forth in the Executive's Notice.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Modified Payment Schedules. 5 4.3 Withholdings .........................................5 4.4
Sample 1
Modified Payment Schedules. After the occurrence of a Potential Change of Control, modified Payment Schedules shall be delivered by a Participating Employer to the Trustee and to each Executive (as it pertains to such Executive) each time that additional amounts are required to be paid by a Participating Employer to the Trustee under Section 5.3 and upon the occurrence of any event, such as early retirement of an Executive, requiring a modification of the Payment Schedule. The Trustee shall make payments from the Sub-trust assets to an Executive in accordance with the provisions of the Payment Schedule applicable to such Executive. In the event that an Executive reasonably believes that the Payment Schedule, as modified, does not properly reflect the amount payable to such Executive or the time or form of payment from the Sub-trust assets in respect of any Plan, such Executive shall be entitled to deliver to the Trustee written notice (the "Executive's Notice") setting forth payment instructions for the amount the Executive believes is payable under the relevant terms of such Plan. The Executive shall also deliver a copy of the Executive's Notice to the Participating Employer within three (3) business days of the delivery to the Trustee. Unless the Trustee receives written objection from the Participating Employer within thirty (30) business days after receipt by the Participating Employer of such notice, the Trustee shall make the payment in accordance with the payment instructions set forth in the Executive's Notice. In the event the Participating Employer delivers to the Trustee a written objection in accordance with the preceding sentence, then, if the Participating Employer and the Executive are unable to resolve their differences within the 45-day period following the Participating Employer's delivery of objections to the Trustee, the parties shall submit the matter to arbitration in accordance with Section 14.4.
Sample 1
Modified Payment Schedules. A Modified Payment Schedule shall be delivered by the Company to the Trustee and to
Sample 1
Modified Payment Schedules. 4 4.3 Resolution of Disputes as to Payment Schedules........................5 4.4 Records.......................................5 4.5 Withholdings..................................5 4.6
Sample 1
Modified Payment Schedules. On each annual anniversary of the date specified in Section 4.1, a modified Payment Schedules shall be delivered by the Company to the Trustee and to each Participant (as it pertains to such Participant) or Xxxxxxxx reflecting the remaining payment obligations of the Company. The Trustee shall make payments from the Trust assets to a Participant or Xxxxxxxx in accordance with the provisions of the Payment Schedule applicable to such Participant or Xxxxxxxx, as the case may be. In the event that a Participant or Xxxxxxxx reasonably believes that the Payment Schedule, as originally issued or as modified, does not properly reflect the amount payable to such Participant (or Xxxxxxxx) or the formula for determining such amount or the time of payment in accordance with the Plan (or the Xxxxxxxx Agreement), such Participant (or Xxxxxxxx) shall be entitled to deliver to the Trustee written notice (the "Participant's Notice") setting forth payment instructions for the amount the Participant believes is payable under the relevant terms of the Plan. The Participant shall also deliver a copy of the Participant's Notice to the Company within three (3) business days of the delivery to the Trustee. The Trustee shall promptly confirm with the Company that the Company has received a copy of the Participant's Notice. If the Company supplies written objection within the thirty (30) business days, the Trustee shall resolve the dispute in accordance with the provisions of Section 4.3.
Sample 1

Related to Modified Payment Schedules

  • Updates to Schedules Should any of the information or disclosures provided on any of the Schedules attached hereto become outdated or incorrect in any material respect, the Borrower shall promptly provide the Agent in writing with such revisions or updates to such Schedule as may be necessary or appropriate to update or correct same; provided, however, that no Schedule shall be deemed to have been amended, modified or superseded by any such correction or update, nor shall any breach of warranty or representation resulting from the inaccuracy or incompleteness of any such Schedule be deemed to have been cured thereby, unless and until the Required Banks, in their sole and absolute discretion, shall have accepted in writing such revisions or updates to such Schedule.

  • Payment Schedule All payments under this paragraph 7 shall be made to Employee at the same interval as payments of salary were made to Employee immediately prior to termination.

  • Supplements to Schedules Pending Closing, Seller may supplement or correct the Schedules to this Agreement as necessary to insure their completeness and accuracy. No supplement or correction to any Schedule or Schedules to this Agreement shall be effective, however, to cure any breach or inaccuracy in any of the representations and warranties; but if TJC does not exercise its right to terminate this Agreement under Section 12 and closes the transaction, the supplement or correction shall constitute an amendment of the Schedule or Schedules to which it relates for all purposes of this Agreement.

  • Amendments to Schedules A. Schedule I to the Existing Credit Agreement is hereby amended by deleting said Schedule I in its entirety and substituting in place thereof a new Schedule I in the form of Annex I to this Amendment.

  • Amendments to Schedule of Receivables If the Servicer, during a Collection Period, assigns to a Receivable an account number that differs from the original account number identifying such Receivable on the Schedule of Receivables, the Servicer shall deliver to the Issuer, the Owner Trustee and the Indenture Trustee, on or before the Payment Date relating to such Collection Period, an amendment to the Schedule of Receivables reporting the newly assigned account number, together with the old account number of each such Receivable. The first such delivery of amendments to the Schedule of Receivables shall include monthly amendments reporting account numbers appearing on the Schedule of Receivables with the new account numbers assigned to such Receivables during any prior Collection Period.

  • Revisions or Updates to Schedules Should any of the information or disclosures provided on any of the Schedules originally attached hereto become outdated or incorrect in any material respect, the Obligors shall deliver to the Agent and the Lenders as part of the officer's certificate required pursuant to SECTION 10.3 such revisions or updates to such Schedule(s) as may be necessary or appropriate to update or correct such Schedule(s), PROVIDED that no such revisions or updates to any Schedule(s) shall be deemed to have amended, modified or superseded such Schedule(s) as originally attached hereto, or to have cured any breach of warranty or representation resulting from the inaccuracy or incompleteness of any such Schedule(s), unless and until the Required Lenders in their sole and absolute discretion, shall have accepted in writing such revisions or updates to such Schedule(s).

  • Supplemental Schedules To Agent, supplemental disclosures, if any, required by Section 5.6.

  • Supplements to Security Agreement Schedules The undersigned has attached hereto supplemental Schedules I through V to Schedules I through V, respectively, to the Security Agreement, and the undersigned hereby certifies, as of the date first above written, that such supplemental schedules have been prepared by the undersigned in substantially the form of the equivalent Schedules to the Security Agreement and are complete and correct in all material respects.

  • Effective Date; Termination of Prior Intercompany Tax Allocation Agreements This Agreement shall be effective as of the Effective Time. As of the Effective Time, (i) all prior intercompany Tax allocation agreements or arrangements solely between or among BGC Partners and/or any of its Subsidiaries shall be terminated, and (ii) amounts due under such agreements as of the date on which the Effective Time occurs shall be settled. Upon such termination and settlement, no further payments by or to the BGC Group, or by or to the Newmark Group, with respect to such agreements shall be made, and all other rights and obligations resulting from such agreements between the Companies and their Affiliates shall cease at such time. Any payments pursuant to such agreements shall be disregarded for purposes of computing amounts due under this Agreement; provided, that to the extent appropriate, as determined by BGC Partners, payments made pursuant to such agreements shall be credited to the Newmark Entities or the BGC Entities, respectively, in computing their respective obligations pursuant to this Agreement, in the event that such payments relate to a Tax liability that is the subject matter of this Agreement for a Tax Period that is the subject matter of this Agreement.

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

Time is Money Join Law Insider Premium to draft better contracts faster.