Annual Payout definition

Annual Payout means the amount as specified in the Schedule and which is payable to the Life Assured or Nominee/ Beneficiary in accordance to Section 2 of this policy document.
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Annual Payout means an annual cash payment to a Participant determined in accordance with Section 7.
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Annual Payout means an annual cash payment to a Participant determined in accordance with Section 7 and includes the payment of shares of restricted stock for Plan Year 2002 as set forth in Section 7(a).
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Examples of Annual Payout in a sentence

  • On the first day of each subsequent Annual Payout Period, the remaining life expectancy is reduced by 1.

  • We will make the first scheduled Required Payment Under Section 72(s)(2)(B) on the Inherited NQ Payment Starting Date and will make each subsequent scheduled Required Payment Under Section 72(s)(2)(B) on the first day of each Annual Payout Period unless we allow you to, and you elect to receive each scheduled Post-Death Payment Under Section 72(s)(2)(B) in installments on a more frequent basis than annually.

  • In the last Annual Payout Period, if the Annuity Account Value on the last scheduled payment date is more than the scheduled payment amount, the remaining Annuity Account Value will be paid.

  • The percentage of the Award earned and paid will be as certified by the Committee as soon as practicable (and no later than the 15th day of the third month) following the end of the Performance Period with such percentage determined by averaging the Annual Payout Percentages attained for the three calendar years that comprise the Performance Period based upon the growth in Adjusted EBITDA for each such calendar year, as more fully described in subsection (b) below.

  • Nothing in this Amendment will affect the right of any party to this Amendment to serve process in any other manner permitted by law.

  • For the avoidance of doubt, if Annual Adjusted EBITDA Growth for CY [2024] is achieved below the threshold performance level shown in the table above, then the Annual Payout Percentage shall be 0%.

  • For the avoidance of doubt, if Adjusted EBITDA for CY [2022] is achieved below the threshold performance level shown in the table above, then the Annual Payout Percentage shall be 0%.

  • And lastly, we must contribute to the profitability of Direct Energy Team Reward Framework: $2,000 Annual Payout per eligible employee.

  • The Company shall pay the Executive a lump sum payment equal to two (2) times the sum of: (i) an amount equal to his then current, annualized Base Salary, and (ii) the greater of: (x) the applicable Annual Payout of Incentive Compensation paid for the Plan Year immediately prior to the termination, or (y) the full, non-pro rata Annual Target Award for Incentive Compensation based upon Executive's annual Base Salary for the Plan Year in which the termination occurs.

  • The Annual Performance Share Award with respect to each Annual Performance Period shall be obtained by multiplying the Annual Target Share Award by the Annual Payout Percentage with respect to such Annual Performance Period.