Aggregate Monthly Payments definition
Examples of Aggregate Monthly Payments in a sentence
Within thirty (30) days of the end of each fiscal quarter during the Term (the "Quarterly Adjustment Date"), Executive shall be paid an amount equal to any shortfall between the aggregate of the Monthly Estimates paid Executive in the prior fiscal quarter (the "Aggregate Monthly Payments") and the then estimated annualized income (the "Latest Estimated Annualized Income").
Prudential’s obligation to pay each of the Aggregate Monthly Payments as set forth in this Contract is subject to the receipt of the relevant information listed in Section 2.3.
In addition, West may purchase a six-year “tail” prepaid policy prior to the Effective Time on terms and conditions no less advantageous to the Indemnified Parties than the existing directors’ and officers’ liability insurance maintained by West; provided, that the amount paid by West shall not exceed six times the Maximum Annual Premium.
These have been previously discussed in each of the four Equal Protection Compliance Reports and reiterated here again in this fifth Equal Protection Report, and detailed as well as in the Settlement Agreement Coordinator Reports.
For the avoidance of doubt, upon the termination of this Contract pursuant to this Section 1.11 none of the Contract-Holder, any Covered Life, any Contingent Life or any other individual or entity will have any right to receive any Aggregate Monthly Payments or Annuity Payments thereafter or any amounts remaining in the Separate Account except for any amounts that may accrue to them by operation of the proviso in the preceding sentence.