Acceleration Payment definition

Acceleration Payment means an amount in cash equal to the value of (i) any Base Salary accrued but unpaid prior to the date of termination, (ii) Bonus accrued but unpaid prior to the date of termination and (iii) any vacation accrued but unused prior to the date of termination.

Acceleration Payment means an amount in cash equal to the value of (i) any Base Salary accrued but unpaid prior to the date of termination, (ii) Bonus accrued but unpaid prior to the date of termination and (iii) any vacation accrued but unused prior to the date of termination. The Acceleration Payment shall be payable in a lump sum immediately upon termination, subject to Section 11. The Acceleration Payment is not “deferred compensation” within the meaning of Section 409A (as defined below).

Acceleration Payment means an amount in cash equal to the value of (i) any Base Salary accrued but unpaid prior to the date of termination, (ii) any Bonus relating to the prior fiscal year which, as of the date of termination, had been determined by Company pursuant to Section 3.2 but not yet paid prior to the date of termination and (iii) any vacation accrued but unused prior to the date of termination. The Acceleration Payment due under (i) shall be payable in a lump sum immediately upon Employee’s termination, and the Acceleration Payment due under (ii) and (iii) (the “Contingent AP Amounts”) shall be payable in a lump sum within sixty (60) days of the date of Employee’s termination, subject, in the case of the contingent AP Amounts only, to Sections 11 and 20. The Acceleration Payment due under (i) is not “deferred compensation” within the meaning of Section 409A (as defined below) and the Contingent AP Amounts are intended to, and shall be construed to, fit within the short-term deferral exception in Section 409A.

Examples of Acceleration Payment in a sentence

• If the Early Termination Payment or Divestiture Acceleration Payment computed by the third Expert is equal to the average of the first two Early Termination Payment or Divestiture Acceleration Payment computations, then the Early Termination Payment or Divestiture Acceleration Payment shall be such average.

• Subject to Section 3.03, in the event of a Divestiture, the Corporation shall pay to the Existing Stockholders the Divestiture Acceleration Payment in respect of such Divestiture, which shall be calculated utilizing the Valuation Assumptions.

• In the event of a Divestiture, the Corporation shall pay to the Stockholders, in accordance with their Applicable Percentages, the Divestiture Acceleration Payment in respect of such Divestiture, which shall be calculated and finalized pursuant to this ARTICLE IV as if an Early Termination Notice had been delivered on the date of the Divestiture (but solely with respect to the Taxable Entities sold in the Divestiture).

• The Shipper shall pay the Acceleration Payment owed by it to the Carrier within thirty (30) days of receipt of written notice from the Carrier.

• In the event of a Divestiture, the Corporation shall deliver to the Existing Stockholders Representative no later than sixty (60) calendar days prior to such Divestiture (or promptly upon knowledge of such Divestiture) an Early Termination Schedule showing in reasonable detail the information required pursuant to Section 2.02 and the calculation of the Divestiture Acceleration Payment.

More Definitions of Acceleration Payment

Acceleration Payment has the meaning set forth in Section 3.5(d).

Acceleration Payment means an amount in cash equal to the value of (i) any Bonus accrued but unpaid prior to the date of termination, (ii) any vacation accrued but unused prior to the date of termination, and (iii) any stock options, restricted stock awards, stock appreciation rights and any other similar Company capital-stock based compensation award (whether vested or not vested) that have been granted or awarded to the Employee prior to the date of termination.

Acceleration Payment means an amount equal to the following: --------------------

Acceleration Payment means the present value (using a discount rate equal to the then current Prime Rate) of the obligation of the Term Shipper to pay 100% of the Firm Service Toll for delivery from the Receipt Point to the Designated Delivery Point in respect of the Contract Volume during the remainder of the applicable Contract Term;

Acceleration Payment means, as of the date of the Early Termination Notice, the present value, discounted at the Discount Rate determined as of the date of the Early Termination Notice, of all Tax Receivable Payments that would be required to be paid by RMT Partner to Remainco beginning from the date of the Early Termination Payment, assuming such payments would be timely paid on the date the relevant Certification would be due under Section 5 and assuming that the Valuation Assumptions are applied.

Acceleration Payment has the meaning set forth in Section 5.17.

Acceleration Payment shall have the meaning set forth in Section 14(d)(i).