Examples of Fixed Payment Date in a sentence
Such Fixed Payment Date may not be accelerated, except as provided in the remaining Sections of this Article.
If permitted by the Employer in the Agreement, any Fixed Payment Date may be delayed, to a later Fixed Payment Date, so long as any election to delay the date is made by the Participant at least twelve (12) months prior to the date on which the distribution is to be made and such delay is at least five (5) full calendar years in length.
In the case of distributions to the Participant by virtue of an entitlement due to the election of a Fixed Payment Date, the applicable vested portion of the Participant’s Compensation Deferral Account shall be paid in a lump sum as soon as administratively practicable after such date.
UDI Index Level… In respect of any Fixed Payment Date or the Final ExchangeDate (the “Relevant Date”), the “Unidad de Inversión” (“UDI”), expressed as the number of MXN per one UDI, determined by Banco de Mexico (the “Central Bank of Mexico”) as applicable to the Relevant Date, as published in the “Diario Oficial de la Federación”.
The loan made by the Standby Financer in respect of a Fixed Payment Date shall be evidenced by a promissory note in an aggregate principal amount equal to the amount of funds lent by the Standby Financer in respect of such Fixed Payment Date substantially in the form of Exhibit A to this Agreement that shall be delivered by the Company to the Standby Financer upon delivery of such funds by the Standby Financer to the Company.
Any Fixed Payment Date may be extended on a continual basis, to a later Fixed Payment Date, so long as any election to so extend the date is made by the Participant at least twelve (12) months prior to the date on which the distribution is to be made and such extension is at least five (5) full calendar years in length.
By way of example, an Eligible Employee who enrolls as a Participant in the Plan in October 2005 and who elects to defer Compensation to be earned during 2006 may elect at that time as his or her initial Fixed Payment Date any date which is no earlier than January 1, 2009, in which case the selected portion of the Participant’s vested Plan Account as of December 31, 2008 (including his or her 2006, 2007 and 2008 Compensation Deferrals, and any earnings thereon) shall be paid on January 1, 2009.
An Eligible Director who timely makes a deferral election but fails to elect a Fixed Payment Date distribution election before the required date will be treated as not having elected a Fixed Payment Date distribution for the Compensation to be deferred for the subsequent calendar year and such Compensation shall be paid on the earlier of the date on which the Eligible Director’s service as a director terminates or the date on which a Change of Control occurs in accordance with Section 5.
Machine learning is a very wide area of knowledge and it is not possible to cover it all in this report.
Alternatively, the Participant may elect to receive payment of all or any portion of his or her vested Account on the January 1 after a Change in Control or upon the earlier of, or later of, a Fixed Payment Date or the January 1 after a Change in Control.