Timing of Grant. Subject to the terms and conditions of the Agreement and any adjustments to the Grant amount made pursuant to section 2.2, the Minister will pay the Grant to the Eligible Applicant upon receipt, to the satisfaction of the Minister, of a Final Report and the other documentation required under section 5.1.
Timing of Grant. Subject to the terms and conditions of this Agreement and any adjustments to the Grant amount made pursuant to section 3.1.4 (Reduction of Xxxxx), the Minister will pay the Grant to the Eligible Applicant as follows:
Timing of Grant. Subject to the terms and conditions of this Agreement and the Recipient’s compliance therewith, the Minister will pay the Grant to the Recipient within a reasonable time following the signing of this Agreement.
Timing of Grant. 14.1 The Authority will pay the 2014/15 Victims‟ Services Grant to the Recipient in two instalments, the first being in April 2014 and the second being in September 2014. Payment will be made between 7 and 10 working days after receipt of the required supporting information set out at Schedules 1 and 2 from the Recipient. In order or any payment to be released, the Authority will require the Recipient to:
(i) have signed and returned a copy of this Grant Agreement and the required information in Schedule 1 to the Authority by Wednesday 16th April 2014 in order for the April 2014 payment to be made to the Recipient;
(ii) have signed and returned a copy of Schedule 2 of this Grant Agreement with the required information to the Authority by end August 2014 in order for the September 2014 payment to be made to the Recipient;
(iii) have provided the appropriate bank details as requested in Schedule 1; and
(iv) be in compliance with the terms and conditions of this Grant Agreement.
Timing of Grant. Options for salary and commissions payable Jan. 1 - June 30, 2004, will be granted on the first business day of July 2004. Options for salary and commissions payable July 1 – Dec. 31, 2004, will be granted on the first business day of January 2005. Options for Annual Bonus deferrals will be granted on the date of the Human Resources Committee meeting when Management Incentive Plan bonuses are approved, generally after year-end in late February/early March. Options are 100 percent vested six months following the grant date. Options expire 10 years from grant date, subject to the rules below for retirement, disability, and other terminations. FICA and federal withholding taxes will be collected when the options are exercised. If a participant to whom an option has been granted retires, dies or becomes disabled, the option shall terminate five years after employment ends; however, the five year period to exercise cannot exceed the original 10-year term of the option. The plan prohibits the exercise of an option after a voluntary termination of employment. Also, if a participant who is resigning wants to engage in a cashless exercise, the participant must exercise before resigning and also before the close of the stock markets on day of resignation. If the participant is involuntarily terminated, the option shall cancel three months after the effective date of termination. All cashless transactions must be executed no later than 3 p.m. (CST) on the last business day on or prior to the cancellation date. (Note: Cashless transactions are not complete until shares are sold by FTN Brokerage.) If a participant is terminated as a result of an event determined by the plan committee to be a workforce reduction, the participant may have additional time after termination to exercise the option. If a participant voluntarily terminates employment or is involuntarily terminated after the grant but prior to vesting, the option will be forfeited. However, all deferrals covered by the unvested option, net of applicable withholding taxes, will be returned to the participant in cash without interest. If the participant terminates employment prior to the grant of an option, then no option will be granted, and all compensation which would have been covered by the option, net of applicable withholding taxes, will be paid to participant in cash without interest. A Participant who exercises an option within six months prior to voluntary termination and within six months of terminati...
Timing of Grant. The City will pay the Grant Funds to the Recipient in accordance with the schedule set out in Schedule “A” to this Agreement.
