Payment Deferment. In the event of the exercise of all or part of this Warrant after the record date for any event described in Subsection 6.2 or 6.3 but prior to the effective date therefor, the Company may defer until the effective or payment date issuing (and, in case of any stock combination or reclassification that would result in Henrx xxxng entitled to fewer shares of Common Stock, the Company need not issue) to Henrx xxx shares or property in addition to (or in excess of) that which Henrx xxxld be entitled to own prior to such payment or effective date had Henrx xxxrcised this Warrant (or portion thereof exercised) immediately prior to such record date.
Payment Deferment. In the event of the exercise of all or part of this Warrant after the record date for any event described in Subsection 6.2 or 6.3 but prior to the effective date therefor, the Company may defer until the effective or payment date issuing (and, in case of any stock combination or reclassification that would result in Lennon being entitled to fewer shares of Common Stock, the Company need not issue) to Lennon any shares or property in addition to (or in excess of) that which Lennon would be entitled to own prior to such payment or effective date had Lennon exercised this Warrant (or portion thereof exercised) immediately prior to such record date.
Payment Deferment. Loan repayment and Interest payment will be deferred (up to five years) while Recipient is enrolled as a full-time student in an approved institution. Interest will accrue at an Annual Interest Rate of Five Percent (5%).
Payment Deferment. If an employee’s paid vacation period accrues or is payable during a period in which he/she is otherwise entitled to unemployment compensation, the employee’s right to and payment for such xxxx- tion shall be deferred for thirty (30) days. If, at the end of such pe- riod, the employee makes a written request for vacation accrued, payment will be made within five (5) working days.
Payment Deferment. A bargaining unit member may elect to receive his/her severance pay benefit over a three (3) calendar year period following qualification for such benefit. Three (3) equal installments will be paid the first pay date in January of each of the three (3) years. All distributions may be considered taxable in year one of the distribution according to the Internal Revenue Code.
