Examples of Lump Sum Payment Date in a sentence
If Landlord fails to pay the Abated Rent Lump Sum Payment by the Lump Sum Payment Date or the financing or sale transaction for the Building, if applicable, expires or is terminated or deemed null and void for any reason, Landlord’s exercise of the Lump Sum Payment Option shall be deemed null and void and of no further force or effect and the Abated Rent Lump Sum Payment, if theretofore paid by Landlord to Tenant, shall promptly be returned by Tenant to Landlord.
The Lump Sum Payment Date shall be the date that the Company shall have fully paid or caused to be paid or otherwise provided for (in a manner satisfactory to NVIDIA) all Liquidated Claims.
Upon the Lump Sum Payment Date, Executive's Severance Pay under Section 4(a)(i) shall cease, and he shall receive the Lump Sum Payment.
For purposes of computing the discounted Tax Benefits for each Taxable Period, such Tax Benefits shall be assumed to be earned ratably throughout the year and shall be discounted to the Lump Sum Payment Date.
Buyer, Xxxxxxx and other members of the Buyer Group shall, on the Lump Sum Payment Date, pay Resources the present value of 90% of all the Tax Benefits with respect to all Taxable Periods ending after the Lump Sum Record Date (the "Lump Sum Tax Benefit Amount").
The Company shall also provide Associate with an automobile allowance of $16,800, one-half of which shall be paid on the Lump Sum Payment Date, and the remaining one-half of which shall be paid in substantially equal installments at the same time the installment payments are made pursuant to clause (ii) of the immediately preceding sentence.
If the Employee does not elect the installment method at least one (1) year prior to the date that the Severance Payment is due to be made to the Employee, he shall be deemed to have elected to receive the Severance Payment in one lump sum on the Lump Sum Payment Date.
Upon a Participant's Termination of Employment, on each Lump Sum Payment Date or Installment Payment Date (as such terms are defined below) the Company shall debit his or her Accounts and pay to such Participant (or in the event of the Participant's death, to his or her Beneficiary) amounts at the times determined pursuant to this Section 3.4.
The Employee may, upon executing this Agreement or thereafter, upon written notice to the Company, elect to receive the Grandfathered Amount of any Severance Payment in installments payable on such date or dates on or subsequent to the Lump Sum Payment Date as the Employee may specify in such notice.
Subject to Sections 6 and 7 hereof, the Company shall pay the Executive a one-time transaction bonus in a single cash lump sum of $1,775,000 (the “Transaction Bonus”), less all applicable tax withholdings and other authorized deductions on the Severance Benefits Lump Sum Payment Date.