Regularly Scheduled Payment Sample Clauses
The Regularly Scheduled Payment clause establishes the obligation for one party to make payments at predetermined intervals, such as monthly or quarterly, throughout the duration of an agreement. This clause typically specifies the amount, due dates, and acceptable methods of payment, ensuring both parties are clear on the timing and structure of financial transactions. Its core function is to provide predictability and consistency in payment flows, reducing the risk of missed or late payments and supporting effective financial planning for both parties.
Regularly Scheduled Payment. (i) On each Payment Date set forth below, you shall become entitled to payment of an amount in cash as specified in the chart below, provided that you must be actively employed by the Company or an Affiliate on the relevant Payment Date, except (A) as otherwise determined by the Committee in its sole discretion, (B) as set forth in Section 3 of this Award Agreement or (C) as otherwise provided in your Employment Agreement.
(ii) In the event that, prior to the final Payment Date, you commence an unpaid leave of absence in accordance with the Company’s policies as in effect from time to time, the unpaid portion of your Cash Award will remain outstanding pursuant to the terms of this Section 3(a)(ii). Solely for purposes of this Award Agreement, your employment with the Company and its Affiliates will be deemed to continue until the earlier of (A) the six-month anniversary of the date that your unpaid leave of absence began and (B) March 15 of the year following the year in which your unpaid leave of absence began (the earlier of such dates, the “Final Return Date”).
Regularly Scheduled Payment. (i) On each Payment Date set forth below, you shall become entitled to payment of an amount in cash as specified in the chart below, provided that you must be actively employed by the Company or an Affiliate on the relevant Payment Date, except (A) as otherwise determined by the Committee in its sole discretion, (B) as set forth in Section 3 of this Award Agreement or (C) as otherwise provided in your Employment Agreement. Scheduled Payment Date Amount of Cash Paid Aggregate Amount of Cash Paid «Vesting_Date_1» $ $ «Vesting_Date_2» $ $ «Vesting_Date_3» $ $ «Vesting_Date_4» $ $
(ii) In the event that, prior to the final Payment Date, you commence an unpaid leave of absence in accordance with the Company’s policies as in effect from time to time, the unpaid portion of your Cash Award will remain outstanding pursuant to the terms of this Section 3(a)(ii). Solely for purposes of this Award Agreement, your employment with the Company and its Affiliates will be deemed to continue until the earlier of (A) the six-month anniversary of the date that your unpaid leave of absence began and (B) March 15 of the year following the year in which your unpaid leave of absence began (the earlier of such dates, the “Final Return Date”).