Payment of Account. The value of the Participant’s Share Unit account as to which the Restriction Period has lapsed shall be paid to the Participant (or his beneficiary) in accordance with the terms of the Deferred Compensation Plan.
Payment of Account. 5.1 Payment After the Expiration Date, Death, Retirement or Disability.
(a) Within 90 days following the end of the year in which Expiration Date occurs, termination of employment after age 60, death or disability, the Participant, or in the event of death, the Beneficiary, shall choose payment or distribution of the Account under one of the following payment options:
(1) The Account may be applied to the purchase of an immediate or deferred life annuity contract, on the sole life of the Participant, or jointly on the lives of the Participant and a beneficiary named by the Participant. The annuity contract shall be purchased from an insurance company to be determined at the sole discretion of AFG provided that such insurance company shall have a current rating of A (Excellent) or better from Bests' Insurance Reports.
(2) The Account may be paid out as if the Participant purchased an immediate or deferred life annuity contract, on the sole life of the Participant, or jointly on the lives of the Participant and the beneficiary named by the Participant. Such payment of the Account shall be as if AFG purchased an annuity contract from an insurance company to be determined at the sole discretion of AFG provided that such insurance company shall have a rating of A (Excellent) or better from Bests' Insurance Reports and using as the interest rate assumption, the same interest rate as such insurance company would provide.
(3) The Account may be paid in a lump sum in cash. The Employer may take into consideration, but is not bound by, the Employee's preference as to the payment options. The annuity contract provided for in paragraph 5.l(a)(l) shall provide for, and payments provided for in paragraph 5.l(a)(2) shall be made, in equal installments over the expected life span of Participant which shall be determined by standard actuarial tables then in existence.
(b) Within 30 days of AFG's choice of payment option, AFG will purchase such annuity, begin to make payments or make the lump sum payment.
(c) Notwithstanding the payment option chosen by AFG, after the commencement of payments from the Account, the Administrator, at his sole discretion, may accelerate payment of any amount remaining in the Account to the extent that the amounts being paid are not sufficiently large to warrant the administrative expense then being incurred to administer such payments.
(d) Any applicable federal, state and local taxes will be withheld from the gross amounts paid. Neither the P...
Payment of Account. 5.1 Subject to subclauses 5.2, Council agrees to pay the Contractor the payment specified in a tax invoice within thirty (30) days from receiving and acceptance of the tax invoice.
5.2 Exceptions to clause 5.1 are:
a) Where Council has issued a Request for Quotation (RFQ) or Request for Tender (RFT) document that includes already established payment schedules in agreed Conditions of Contract. In this event, the payment conditions included within the Quote or Tender document will take precedence and will be referred to in the Purchase Order.
b) Specific payment schedules governed by Legislation.
c) Agreed in writing in the Purchase Order.
d) Where Council withholds any disputed portion of the amount until the dispute is resolved.
e) Where the Goods are not delivered and/or the Services are not supplied and/or Works not executed within the agreed time and/or location specified in the Purchase Order and Council rescinds the Purchase Order unless Council determines that the delay is caused by factors outside of the reasonable control of the Contractor.
f) Subject to subclause 6.8, where the Council deems the performance of the Services and/ or the Goods and/or the Works provided are defective or incomplete.
g) Where the Council deems the contractor in default pursuant to Clause 13 or the Agreement is terminated in accordance with Clause 20.
5.3 Invoices issued for payment must be a properly constituted invoice under the law and regulations and include as a minimum:
a) the name and address of the Contractor;
b) invoice number;
c) date of invoice;
d) the correct ABN;
e) the Purchase Order number issued by Council;
f) description of Goods or Services provided, or Works executed;
g) volume and unit cost of Goods.
5.4 Council’s preferred method of payment is electronic funds transfer (EFT).
5.5 The contractor is to ensure all details are up to date to ensure prompt payment.
Payment of Account. The total unpaid balance of the account owed by the Company Parties to the Firm through the date hereof, including, but not limited to, all outstanding fees for services and expenses provided by the Firm to LifeRamp from April 2004 through the date hereof, is for all purposes agreed by the parties to be $77,467.63 (the "Total Due Balance"). The Firm hereby agrees to accept and receive as full payment and settlement for the Total Due Balance an aggregate of 755,045 "restricted" shares of common stock, par value $.01 per share, of Ramp to be issued by Ramp promptly after the execution of this Agreement.
Payment of Account. Whenever the balance in the Account vests as ------------------ provided above, the Company shall pay to the Executive, in a single lump sum cash payment, an amount equal to the number of Phantom Shares credited to the Account times the Share Value, each determined as of the date of vesting; PROVIDED, that if the Account has vested pursuant to Section 4(c), the amount of such payment shall in no event be less than the Initial Value. Such payment shall be made as soon as reasonably practicable, but in any event within 30 days, after the last to occur of (i) the date on which such vesting occurs, (ii) the date on which the Committee certifies that the Performance Goal has been met, if such certification is a condition to such vesting, and (iii) the date on which the Company obtains the shareholder approval required by Section 5, unless such vesting occurs as a result of a Change of Control before the First
Payment of Account. Where an invoice remains unpaid for 7 days or more we reserve the right to charge interest on unpaid debts under the Late Payments Commercial Debt Act (interest) 1998(amended by the late payment of commercial debt regulations 2013) and under Section 00 Xxxxxx Xxxxx Xxx 0000.
Payment of Account a. You agree to retain accommodation for the Term and to pay Saint Xxxxxxxxx University (the “University”) at the established rate for room and board. You will not be permitted to move into campus housing until you have been financially cleared, medically cleared, and registered for a full-time course load of 12 (or more credits). If you are found in the residence hall without proper clearance, you will be removed immediately and billed for each day you reside in campus housing. All payments must be made prior to, or not later than, the first day of residence. Failure to comply will result in the loss of your room assignment. Payment must be in the form of certified check or money order and made payable to Saint Xxxxxxxxx University. Any check or money order should include your Student Identification Number on the face of such items. Credit card payments made through Self-Service are permissible although processing fees will apply.
b. Refunds are calculated from the opening date of classes in accordance with the following schedule which coincides with academic refunds:
i. Prior to the end of the add/drop period: 100% (for fall semester 2024, September 3rd is the add/drop day) (for spring semester 2025, January 22nd is the add/drop day)
ii. During the first week after the add/drop period: 90%
iii. During the second week after the add/drop period: 70%
iv. During the third week after the add/drop period: 50%
v. During the fourth week after the add/drop period: 25%
vi. No refunds after the end of the fourth week after the add/drop period.
Payment of Account. (a) The full Account, adjusted for earnings and losses as set forth in Section 3(b) of this Agreement, shall be paid to Xx. Xxxx in a single lump sum within five (5) business days of Xx. Xxxx’x termination of employment with the Company.
(b) If Xx. Xxxx dies before receiving payment of his entire Account, payment of the entire amount remaining in his Account will be made to his beneficiary as soon as administratively feasible following the Company’s receipt of evidence satisfactory to it of Xx. Xxxx’x death, unless Xx. Xxxx has not designated a beneficiary in which case the Account shall be paid to Xx. Xxxx’x estate.
Payment of Account. (a) The installments required to be distributed to a Participant pursuant to Section 8.03 shall be paid in one payment at the time described in the applicable Section, in cash, less the amount of any withholding taxes due with respect to any such payment.
(b) The amount of any lump sum required to be distributed to a Participant pursuant to Section 8.03 or Section 8.04, including amounts required to be distributed to the beneficiary of an Eligible Employee or any Eligible Director, shall be paid in one lump sum payment, in cash, less the amount of any withholding taxes due with respect to any such payment.
Payment of Account. 10.1 The Account Holder accepts the terms contained in this Agreement and will make payment in full within the credit period unless prior written approval has been obtained from Fuel Supply.
10.2 Company reserves the right to
a) recover from the Account Holder all amounts for purchases on the Fuelcard which appear on the Account Holder’s invoice and/or statement.
b) set-off any outstanding debts owed to Company by the Account Holder against any moneys payable to the Account Holder by Company.
c) Without prejudice to the other rights of the Company, if the Account Holder does not pay in full by the due date, then the Company reserves the right to charge interest on the outstanding amount at the lesser rate of the Bank bill yields 90 days rate as published by the Reserve Bank of New Zealand on their website at xxxx://xxx. xxxx.xxxx.xx/xxxxxxxxxx/xxxxxx/x0 (Reference Rate) plus 10 percent per annum, or the maximum rate, if any, allowable under applicable local law. The interest charge will be calculated daily from the due date until the Company receives full payment. The Reference Rate used will be the effective rate on April 1 or first working day) of each year and may be adjusted annually. The Company reserves the right to adjust the Reference Rate more frequently when there is material change in local market conditions.
