Common use of Timing of Award Payments Clause in Contracts

Timing of Award Payments. Performance Compensation Awards granted for a Performance Period shall be paid to Participants as soon as administratively practicable following completion of the Table of Contents certifications required by this Section 11, but in no event later than two-and-one-half months following the end of the fiscal year during which the Performance Period is completed.

Appears in 2 contracts

Samples: Equity Purchase Agreement (Hicks Acquisition CO II, Inc.), Equity Purchase Agreement (Paperweight Development Corp)

AutoNDA by SimpleDocs

Timing of Award Payments. Except as provided in an Award Agreement, Performance Compensation Awards granted for a Performance Period shall be paid to Participants as soon as administratively practicable following completion of the Table of Contents certifications required by this Committee’s determination in accordance with Section 11, but in no event later than two-and-one-half months following the end of the fiscal year during which the Performance Period is completed11(e).

Appears in 1 contract

Samples: Merger Agreement (Data Knights Acquisition Corp.)

Timing of Award Payments. Performance Compensation The Awards granted for a Performance Period shall be paid to Participants as soon as administratively practicable possible following completion of the Table of Contents certifications required by this Section 11, but in no event later than two-and-one-half months following the end of the fiscal year during which the Performance Period is completed.

Appears in 1 contract

Samples: Stock Incentive Plan Amendment (Pathnet Telecommunications Inc)

Timing of Award Payments. Performance Compensation Awards granted for a Performance Period shall be paid to Participants as soon as administratively practicable following completion of the Table of Contents certifications required by this Section 11Article 10, but in no event later earlier than two-and-one-half months following the end of the fiscal Performance Period or later than June 30 of the calendar year following the calendar year during which the Performance Period is completed. Payment of Awards to an individual Employee may be subject to an election to defer receipt under a nonqualified deferred compensation plan maintained by the Company.

Appears in 1 contract

Samples: Equity and Cash Incentive Compensation Plan (Fulton Financial Corp)

Timing of Award Payments. Except as provided in an Award agreement, Performance Compensation Awards granted for a Performance Period shall be paid to Participants as soon as administratively practicable following completion of the Table of Contents certifications required by this Committee’s determination in accordance with Section 11, but in no event later than two-and-one-half months following the end of the fiscal year during which the Performance Period is completed11(e).

Appears in 1 contract

Samples: Merger Agreement (Arogo Capital Acquisition Corp.)

AutoNDA by SimpleDocs

Timing of Award Payments. Except as provided in an Award Agreement, Performance Compensation Awards granted for a Performance Period shall be paid to Participants as soon as administratively practicable following completion of the Table of Contents certifications required by this Committee’s determination in accordance with Section 11, but in no event later than two-and-one-half months following the end of the fiscal year during which the Performance Period is completed11(E).

Appears in 1 contract

Samples: Business Combination Agreement (PHP Ventures Acquisition Corp.)

Timing of Award Payments. Performance Compensation The Awards granted for a Performance Period shall be paid to Participants as soon as administratively practicable following completion of the Table of Contents certifications required by this Section 11, but in no event later than two-and-one-half months following the end of the fiscal year during which the Performance Period is completed7.4(c).

Appears in 1 contract

Samples: 2003 Omnibus Incentive Plan (Sonus Networks Inc)

Timing of Award Payments. Except as provided in an Award Agreement, Performance Compensation Awards granted for a Performance Period shall be paid to Participants as soon as administratively practicable following completion the Committee’s determination in accordance with Section 12(e); provided, however, that in the event a Performance Compensation Award is subject to Code Section 409A, payment of any amounts determined in accordance with Section 12(e) shall be paid to the Participant no later than March 15th of the Table of Contents certifications required by this Section 11, but in no event later than two-and-one-half months year following the end year in which the last day of the fiscal year during which the applicable Performance Period is completedoccurred.

Appears in 1 contract

Samples: Business Combination Agreement (Centricus Acquisition Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!