Covered Payment definition

Covered Payment means the amounts and benefits paid to Employee pursuant to this Agreement, taken together with any amounts or benefits otherwise paid or distributed to Employee by PPD.
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Covered Payment means those certain payments to be made by Xxxxxxx Mac if required in connection with an Owner Act of Bankruptcy pursuant to the Credit Enhancement.
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Covered Payment. ' means those certain payments to be made by Freddie Mac if required in connection with an Owner Act of Bankruptcy pursuant to the Credit Enhancement.
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Examples of Covered Payment in a sentence

  • Any Covered Payment due within such six-month period shall be delayed to the end of such six-month period.

  • The Executive Consultant shall determine whether any part of the Covered Payment will be subject to the Excise Tax and the amount of such Excise Tax.

  • If the Tax Reimbursement Payment would have been due, the Accountants shall determine the amount of any interest and penalties that may be imposed on the Executive by reason having failed to have timely paid any Excise Tax (the "Penalty Amount"), and the amount of the Tax Reimbursement Payment due, treating the Penalty Amount as a Covered Payment.

  • If a Covered Payment hereunder would be an Excess Parachute Payment and would thereby subject Employee to the Excise Tax, the provisions of this Section 2.05 shall apply to determine the amounts payable to Employee pursuant to this Agreement.

  • The Corporation will increase the Covered Payment to include interest payable on such Covered Payment at the interest rate described below from the date of Executive’s termination of employment to the date of payment.

  • The Corporation will pay the adjusted Covered Payment at the beginning of the seventh month following Executive’s termination of employment.

  • If the Tax Reimbursement Payment would have been due, the Accountants shall determine the amount of any interest and penalties that may be imposed on the Executive by reason of having failed to have timely paid any Excise Tax (the "Penalty Amount"), and the amount of the Tax Reimbursement Payment due, treating the Penalty Amount as a Covered Payment.

  • The portion of the Tax Reimbursement Payment attributable to a Covered Payment shall be paid to the Designated Employee or remitted to the appropriate tax authority or irrevocably contributed for the benefit of the Designated Employee to a trust as described in Section 4 above within ten (10) business days following the payment, distribution or other provision of the Covered Payment.

  • If the Tax Reimbursement Payment would have been due, the Accountants shall determine the amount of any interest and penalties that may be imposed on the Executive by reason of having failed to have timely paid any Excise Tax (the “Penalty Amount”), and the amount of the Tax Reimbursement Payment due, treating the Penalty Amount as a Covered Payment.

  • The portion of the Tax Reimbursement Payment attributable to a Covered Payment shall be paid to the Executive within ten (10) business days following the payment of the Covered Payment.


More Definitions of Covered Payment

Covered Payment means any payment under an Applicable Agreement to the extent determined to be deferred compensation subject to the Section 409A Provisions.
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Covered Payment shall have the meaning assigned thereto in Section 4.
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Covered Payment means, except to the extent modified by the Agreement, any payment of dividends or interest arising in the Source Country received by the AI with respect to an account that has been designated by the AI in accordance with Paragraph
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Covered Payment means, except to the extent modified by the Agreement, any payment of dividends or interest arising in the Source Country received by the AI with respect to an account that has been designated by the AI in accordance with Paragraph IV.A as one for which it is acting in its capacity as an Authorised Intermediary;
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Covered Payment means: (i) any payment by the Company or its Affiliates made prior to the Closing Date or pursuant to compensation arrangements agreed to by the Company or its Affiliates prior to Closing, or (ii) any payment made by the Company or its Affiliates on or after the Closing Date to the extent expressly contemplated by this Agreement, including (A) any payment referred to in Section 1.5(h) and (B) any payment made pursuant to the Retention Agreements, the Employment Agreements or the Non-Competition Agreements;
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Covered Payment means: (i) any payment by the Company or its Affiliates made prior to the Closing Date or pursuant to compensation arrangements agreed to by the Company or its Affiliates prior to Closing, or (ii) any payment made by the Company or its Affiliates on or after the Closing Date to the extent expressly contemplated by this Agreement, including (A) any payment referred to in Section 1.5(h) and (B) any payment made pursuant to the Retention Agreements, the Employment Agreements or the Non-Competition Agreements;
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Related to Covered Payment

  • Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Restricted Payment means any dividend or other distribution (whether in cash, securities or other property) with respect to any capital stock or other Equity Interest of the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on account of any return of capital to the Borrower’s stockholders, partners or members (or the equivalent Person thereof).

  • Deferred Payment Date for a Participant means the date after the Restricted Period which is the earlier of (i) the date which the Participant has elected to defer receipt of Shares underlying the Restricted Share Rights in accordance with Section 4.4 of this Plan; and (ii) the Participant's Separation Date.

  • Prohibited Payment means any bribe, rebate, payoff, influence payment, kickback or other payment or gift of money or anything of value (including meals or entertainment) to any officer, employee or ceremonial office holder of any government or instrumentality thereof, political party or supra-national organization (such as the United Nations), any political candidate, any royal family member or any other person who is connected or associated personally with any of the foregoing that is prohibited under any Law for the purpose of influencing any act or decision of such payee in his official capacity, inducing such payee to do or omit to do any act in violation of his lawful duty, securing any improper advantage or inducing such payee to use his influence with a government or instrumentality thereof to affect or influence any act or decision of such government or instrumentality.

  • Permitted Payments has the meaning specified in Section 7.06(b).

  • Restricted Payments as defined in Section 7.6.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.