EAIP Maximum Payment definition

EAIP Maximum Payment means the maximum payment that Mr. Archibald could have received under the executive annual incentive plan, determined as if
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EAIP Maximum Payment means the maximum payment that the Executive could have received under the EAIP for the year in which the Date of Termination occurs, determined as if the Executive had remained a participant until the end of the year and as if all performance goals for that year that would entitle the Executive to a maximum payment were met or exceeded. For purposes of this Agreement, “LTP Amount” shall mean an amount equal to 105% of the Executive’s base salary in effect immediately prior to the occurrence of the circumstance giving rise to the Notice of Termination as such amount is adjusted (a) upward proportionately to the extent the closing sale price per share of the Corporation’s shares of common stock as reported by the NYSE on the trading date immediately prior to the Date of Termination (the “Stock Price Measure”) exceeds the average daily closing sale price of the Corporation’s shares of common stock as reported by the NYSE during the first quarter of 2008 (the “Stock Base Amount”) or (b) downward proportionately to the extent the Stock Price Measure is less than the Stock Base Amount.
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EAIP Maximum Payment means the maximum payment that the Executive could have received under the EAIP for the year in which the Date of Termination occurs, determined as if the Executive had remained a participant until the end of the year and as if all performance goals for that year that would entitle the Executive to a maximum payment were met or exceeded. For purposes of this Agreement, “PEP Maximum Payment” shall mean an amount equal to the sum of (a) the value of 150% of the Performance Shares, if any, that are forfeited by the Executive pursuant to the PEP as a result of the Executive’s termination plus (b) 150% of the product of (A) the Executive’s annual base salary multiplied by (B) the percentage target used to calculate the number of Performance Shares awarded to the Executive with respect to the most recent award under the PEP. For purposes of calculating the PEP Maximum Payment, the value of each Performance Share shall be the closing price per share of the Corporation’s shares of common stock as reported on the NYSE on or nearest to the Date of Termination (or, if not listed on the NYSE, on a nationally recognized exchange or quotation system on which volume in the Corporation’s shares of common stock is highest). The provisions of this Section 4.2(b) shall not in any way affect the Executive’s rights under the PEP.
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More Definitions of EAIP Maximum Payment

EAIP Maximum Payment means the maximum payment that Mr. Archibald could have received under the Executive Annual Incentive Plan, determined as if Mr. Archibald had remained a participant and all performance goals that would have entitled Mr. Archibald to a maximum payment are met or exceeded.
Sample 1
EAIP Maximum Payment means the maximum payment that the Executive could have received under the EAIP for the year in which the Date of Termination occurs, determined as if the Executive had remained a participant until the end of the year and as if all performance goals for that year that would entitle the Executive to a maximum payment were met or exceeded. For purposes of this Agreement, “LTP Amount” shall mean an amount equal to 105% of the Executive’s base salary in effect immediately prior to the occurrence of the circumstance giving rise to the Notice of Termination.
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Related to EAIP Maximum Payment

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Minimum Payments $50 (with respect to all funds in the aggregate.)

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • 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”.

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Maximum Share Amount shall have the meaning set forth in Section 2.01(c).

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • Earn-Outs means unsecured liabilities of a Loan Party arising under an agreement to make any deferred payment as a part of the Purchase Price for a Permitted Acquisition, including performance bonuses or consulting payments in any related services, employment or similar agreement, in an amount that is subject to or contingent upon the revenues, income, cash flow or profits (or the like) of the target of such Permitted Acquisition.

  • Maximum mass means the maximum mass stated by the vehicle manufacturer to be technically permissible (this mass may be higher than the "permissible maximum mass" laid down by the national administration).

  • Earnout Amount has the meaning provided in Section 2.9(b).

  • Maximum Purchase Amount means, for any CP Conduit, the aggregate Commitments of its Committed Purchasers, as set forth on Schedule I hereto.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Daily Maximum Limit means the maximum allowable discharge of a pollutant during a calendar day. Expressed as units of mass, the daily discharge is cumulative mass discharged over the course of the day. Expressed as a concentration, it is the arithmetic average of all measurements taken that day.

  • Adjusted Maximum Amount means, with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate amount of the obligations of such Contributing Guarantor under this Guaranty or a Related Guaranty, in each case determined in accordance with the provisions hereof and thereof; provided that, solely for purposes of calculating the “Adjusted Maximum Amount” with respect to any Contributing Guarantor for purposes of this paragraph 2, the assets or liabilities arising by virtue of any rights to or obligations of contribution hereunder or under any similar provision contained in a Related Guaranty shall not be considered as assets or liabilities of such Contributing Guarantor. “Aggregate Payments” means, with respect to a Contributing Guarantor as of any date of determination, the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty and the Related Guaranties (including, without limitation, in respect of this paragraph 2 or any similar provision contained in a Related Guaranty). The amounts payable as contributions hereunder and under similar provisions in the Related Guaranties shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this paragraph 2 or any similar provision contained in a Related Guaranty shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder or under a Related Guaranty. Each Contributing Guarantor under a Related Guaranty is a third party beneficiary to the contribution agreement set forth in this paragraph 2.

  • Normal Maximum Generation means the highest output level of a generating resource under normal operating conditions.

  • Payout Amount means the vested portion of the Final Amount expressed as an amount of cash equal to the Fair Market Value of the shares of Stock underlying the RSUs and related Dividend Equivalents.

  • Contingent Payment shall have the meaning set forth in Section 2.2(a).