Annual Minimum Payment definition

Annual Minimum Payment means the minimum calculated amount that must be paid out of the Plan as defined in the Applicable Tax Legislation for the age of the Annuitant or if elected, the Annuitant’s Spouse, except for the first year of the Plan, where the payment is zero.
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Annual Minimum Payment has the meaning assigned to it in Section 5.1.
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Annual Minimum Payment has the meaning given in Clause 14.11 (d)(i);
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Examples of Annual Minimum Payment in a sentence

  • Futurestep and KF shall, jointly and severally, pay Dow ------------ Xxxxx a minimum aggregate payment for each twelve-month period during the Term (the "Annual Minimum Payment").

  • In each case, it is understood that the Deferred Compensation Annual Minimum Payment may extend Licensee’s obligation to make payments to the University based on Net Sales beyond the expiration of the Patent Rights; the Parties regard such as deferred compensation.

  • However, upon termination by Licensee, termination does not waive Licensee’s obligations regarding Deferred Compensation Annual Net Sales Payment under Section 3.2 and the Deferred Compensation Annual Minimum Payment under Section 3.4.

  • The Work Number Agreement by the terms of the Schedule A obligates each Participating County, through the State as the pass-through entity, to pay the Participating County’s proportionate share of the Annual Minimum Payment as set forth in this Intergovernmental Agreement and Exhibit 1 to the Schedule A.

  • The City shall award this contract based on the Guaranteed Annual Minimum Payment.

  • For greater clarity, in the event the COD occurs before the RCOD, the Generating Facility Owner shall not be entitled to the Annual Minimum Payment during the period running from COD to the RCOD.

  • Any disputes in respect of amounts on account of the Payments and Annual Minimum Payment shall be resolved in accordance with the provisions of Article 15, however any undisputed amounts shall be credited and uncredited amounts shall be limited to those which are the subject of the dispute.

  • At such time during any Year that the cumulative Per Transaction Fees first exceed the Annual Minimum Payment paid in respect of such Year, the Licensee will make payment of such excess amount at the time it provides the Monthly Report for such month and, thereafter, during the remainder of such Year, the Licensee will pay the amount of the Per Transaction Fees reflected in each Monthly Report at the time it provides such Monthly Report.

  • Ads ----------------- shall not be counted when calculating whether Futurestep and KF fulfilled the Annual Minimum Payment obligations set forth in Section 4(a).

  • The Annual Minimum Payment for each subsequent year shall be due on the anniversary of the Payment Date.


More Definitions of Annual Minimum Payment

Annual Minimum Payment means the amount of one-hundred thousand dollars ($100,000) which Homer will pay to Montecito within thirty (30) days after the Effective Date and thereafter by January 31 of each new Year of the Term. The amount of the Annual Minimum Payment may be reduced if the Annual Minimum Payment Credits reach
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Annual Minimum Payment means, for Annual Minimum Periods during the initial term of this Agreement, $100,000. For Annual Minimum Periods during the five-year renewal term of this Agreement permitted under section 2.2, "Annual Minimum Payment" means $100,000, adjusted for inflation occurring between the beginning of the initial term of this Agreement and the beginning of the renewal term in question. Inflation adjustments will be made using the United States Department of Labor Bureau of Labor Statistics Consumer Price Index for All Urban Consumers- Minneapolis-St. Xxxx, MN-WI All Items for the most recent calendar year.
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Annual Minimum Payment means, for each calendar year during the Term (except 2009), $10,000,000 subject to such adjustments as required by Schedule C to this Agreement.
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Annual Minimum Payment means the minimum amount that must be paid out of the RIF as defined in Applicable Tax Legislation based on your age or if elected, your spouse or common-law partner’s age, except for the first year of the RIF, where the minimum payment is zero;
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Related to Annual Minimum Payment

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Maximum Weekly Starts means the maximum number of times that a generating unit can be started in one week, defined as the 168 hour period starting Monday 0001 hour, under normal operating conditions.