Deferral Balance definition

Deferral Balance means, as of any given date during the Plan Year, the total amount of money deducted from a Participant's salary during the Plan Year.
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Deferral Balance means the sum of the unpaid Deferral in addition to the Purchase Price.
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Deferral Balance means, as of any given date during the Plan Year, the total amount of money deducted from a Participant's Compensation during the Plan Year, less the amount previously used to purchase Shares of Stock hereunder.
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Examples of Deferral Balance in a sentence

  • Upon receiving such a notice, the Company shall pay the Deferral Balance to such Deferring Shareholder within 15 Days.

  • The setting-off of the Deferral Balance or part thereof as at the effective date of termination as contemplated in subsection 9.7(a)(i) shall constitute payment by Buyer of the Deferral Balance or part thereof to the extent of such setting-off.

  • If Buyer purchases less than *** in any given month (the “Monthly Benchmark”), then, subject to the maximum number of Deferred Tons set forth in the first sentence of this Section, the difference between the Monthly Benchmark and the tons purchased during such month shall automatically become Deferred Tons, and the Deferral Balance shall increase by an amount equal to the product of such newly designated Deferred Tons multiplied by $***.

  • If Buyer purchases less than the Minimum Tons per Quarter (i.e. *** tons) in any given quarter, then, subject to the maximum amount of Deferred Tons set forth in the first sentence of this Section, the difference between the Minimum Tons per Quarter and the tons purchased during such quarter shall automatically become Deferred Tons, and the Deferral Balance shall increase by an amount equal to the product of such newly designated Deferred Tons multiplied by the then-applicable Contract Price.

  • Smart Sand and Buyer each acknowledges and agrees that, as of the date of this Amendment, the outstanding Deferred Tons is *** tons and the Deferral Balance is $***.

  • LESSEE must pay the Purchase Price and Deferral Balance (defined below) within 90 days of exercising the Option.

  • Within *** after completion of the Term or earlier termination of this Agreement (the “Determination Date”), Buyer shall pay to Smart Sand (the “Deferment Payment”) an amount equal to the product of the outstanding Deferred Tons as of the Determination Date multiplied by the Contract Price in effect at the end of the Term, minus the Deferral Balance (i.e. Deferment Payment = (outstanding Deferred Tons * current Contract Price) – Deferral Balance).

  • If Buyer purchases less than *** in any given month (for Contract Year 2 only such amount is *** in Contract Year 2) (the “Monthly Benchmark”), then, subject to the maximum number of Deferred Tons set forth in the first sentence of this Section, the difference between the Monthly Benchmark and the tons purchased during such month shall automatically become Deferred Tons, and the Deferral Balance shall increase by an amount equal to the product of such newly designated Deferred Tons multiplied by $***.

  • Upon receiving the Purchase Price and Deferral Balance, CITY (acting by and through its City Manager) must execute a quitclaim deed in favor of ▇▇▇▇▇▇.


More Definitions of Deferral Balance

Deferral Balance has the meaning given in Section 7.2(a)(ii).
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