Payout Date Sample Clauses

Payout Date. The date of payment to Participant (the “Payout Date”) of dividend equivalents and accrued earnings thereon, if any, shall be not later than fifteen (15) days following the Vesting Date.

Payout Date. The Payout Date shall be not later than fifteen (15) days following the Vesting Date.

Payout Date. (a) The amounts paid under this Agreement shall be paid on the Vesting Date, based on the Share Price at Vesting. (b) If the Executive dies before July 1, 2011, the Target Amount shall be paid immediately to the Executive’s estate. (c) If after the occurrence of a Section 409A-Conforming Change in Control, the Executive has a Termination for Good Reason or an involuntary termination of employment (other than a termination for Cause according to a determination made before such Change in Control), vesting shall be accelerated and payout shall be as provided under this Agreement.

Payout Date. The Payment Amount under this Agreement shall be paid within 30 days of the Vesting Date.

Payout Date. Shares that have been earned pursuant to Sections 2 and 3 hereof shall be transferred to Grantee as soon as practical after the end of the corresponding performance period described in those sections unless prior to the transfer of such Shares (but not later than March 15 following the end of that performance period) the Grantee has experienced a Termination of Service for any reason (other than in connection with a Change in Control (as defined in the Plans) or the death or disability of the Grantee), in which case such Shares shall not be transfrerred to the Grantee and instead shall be forfeited to the Company.

Payout Date. The date the first income payment is paid from the contract to the Owner. The anticipated Payout Date is shown in Section 1.04. Payout Period. The phase the contract is in once income payments begin. Pro Rata. A method of withdrawing or adding values across all Allocation Options that is proportional to the value in each.

Payout Date. If the Committee determines that payments are due under a PSU with respect to a Performance Period, then payment shall be made in a lump sum within 60 days after the Committee determination, but in no event later than the end of the year following that Performance Period, provided the Grantee is actively employed by the Corporation or an Affiliate on the last day of the Performance Period to which the PSU relates. (SPECIFY WHETHER THE GRANTEE MUST ALSO BE EMPLOYED ON THE DATE OF PAYMENT. SPECIFY ADDITIONAL OR DIFFERENT PAYOUT TERMS. IF PAYOUT TERMS PROVIDE FOR THE DEFERRAL OF COMPENSATION, INCLUDE PROVISIONS THAT COMPLY WITH SECTION 409A OF THE CODE.) 13. Transferability: The Grantee may not sell, assign, transfer, pledge or otherwise encumber any PSU award benefits that have not vested, except in the event of the Grantee's death, by will or by the laws of descent and distribution, or pursuant to a Domestic Relations Order.

Payout Date. If the Committee determines that payments are due under a PSU with respect to a Performance Period, then payment shall be made in a lump sum within 60 days after the Committee determination, but in no event later than the end of the year following that Performance Period, provided the Grantee is actively employed by the Company or an Affiliate on the last day of the Performance Period to which the PSU relates. (SPECIFY WHETHER THE GRANTEE MUST ALSO BE EMPLOYED ON THE DATE OF PAYMENT. SPECIFY ADDITIONAL OR DIFFERENT PAYOUT TERMS. IF PAYOUT TERMS PROVIDE FOR THE DEFERRAL OF COMPENSATION, INCLUDE PROVISIONS THAT COMPLY WITH SECTION 409A OF THE CODE.)

Payout Date. If the Committee determines that payments are due under a PSU with respect to a Performance Period, then payment shall be made in a lump sum within 60 days after the Committee determination, but in no event later than the end of the year following that Performance Period, provided the Grantee is actively employed by the Company or an Affiliate on the last day of the Performance Period to which the PSU relates. (Specify whether the grantee must also be employed on the date of payment. Specify additional or different payout terms. If payout terms provide for the deferral of compensation, include provisions that comply with section 409A of the Code.)

Payout Date. The anticipated Income Payout Date is the first Contract Anniversary after the oldest Annuitant’s 95th birthday. Even if the Annuitant is changed, the Income Payout Date will not change unless you request a different date by Authorized Request. Requests for changing the Income Payout Date must meet the criteria below: a) The request is made while the Owner is living; b) The request is received at our Administrative Office at least 30 days before the anticipated Income Payout Date; c) The requested Income Payout Date is at least two years after the Contract Issue Date; and d) The requested Income Payout Date is no later than the anticipated Income Payout Date. Income Payout Options. There are different ways to receive income payments. We call these income payout options. Three income payout options are described below. The income payout options described may not be available in all states at all times. Other income payout options may be available with our consent. The income option tables for the income payout options are shown on the Contract Data Page. The amount of each income payment is guaranteed by us. Higher current rates may be applicable on the Income Payout Date. You may contact us at our Administrative Office for a quote of the current rates. The amount of any income payment on the Income Payout Date will be the greater of: a) The Contract Value applied to an income payout option using the income option tables shown on the Contract Data Page; or b) The Surrender Value applied to purchase a single premium immediate annuity at the purchase rates then offered by us to the same class of Annuitants. Option 1 – Installment Option. You can elect to receive payments for any number of years between 10 and 30. The income payments are guaranteed for the chosen number of years. Option 2 – Life Income Option – Guaranteed Period Certain. We will pay monthly income payments for as long as the Annuitant lives and at least for as long as the guaranteed period certain chosen. The guaranteed period certain choices are: a) 0 years (life income only); b) 5 years; c) 10 years; d) 15 years; or e) 20 years. Option 3 – Joint and Survivor Life Income Option – 10-Year Guaranteed Period Certain. We will pay monthly income payments for as long as either of the Annuitants is living and at least for 10 years. Income payment(s) will be made to the Beneficiary if there is no surviving Owner. If there is no surviving Owner or Beneficiary, income payment(s) will be made to the Own...