IC Payment Date definition

IC Payment Date means the date the 2009 IC Program award would otherwise be paid to a Participant had such Participant not elected to defer and convert such award pursuant to the terms of the Program.
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Examples of IC Payment Date in a sentence

  • The Participant further agrees to the conversion of the Basic Deferral Amount into RSUs. Such conversion shall be made using the closing price per share of the Stock on the NYSE on the IC Payment Date.

  • In such a situation, the RSUs will vest upon the Participant completing three years of active Employment with THG subsequent to the IC Payment Date.

  • The Participant further agrees to the conversion of the 15% Premium into RSUs. Such conversion shall be made using the closing price per share of the Stock on the NYSE on the IC Payment Date.

  • The RSUs shall be one hundred percent (100%) vested and shall automatically convert into Shares on the third anniversary of the IC Payment Date (the “Vesting Date”) provided that the Participant remains an Employee with the Company or one of its subsidiaries or affiliates (the Company and its subsidiaries and affiliates hereinafter referred to as “THG”) through such date, unless the provisions of Section 2.05(c) shall extend the Vesting Date to a later date.

Related to IC Payment Date

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.