Net Settlement definition

Net Settlement has the meaning set forth in Section 3.3(a).

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Net Settlement means a settlement procedure in which final settlement of transfer instructions occurs on a net basis at one or more discrete, pre-specified times during the processing day;

Net Settlement means the Company retains a number of the Shares issuable pursuant to RSU vesting on that date having an aggregate Fair Market Value that equals the amount of the Company Deposits paid.

Examples of Net Settlement in a sentence

• If the amount of the Net Settlement for such Monthly Accounting Period is positive, the Ceding Company shall pay such amount in cash to the Reinsurer within twenty (20) days after its delivery of the Monthly Settlement Statement for such period to the Reinsurer.

• For each Reinsured Contract that relates to the Separate Account Liabilities, the Reinsurer shall transfer to the Ceding Company for deposit into the Separate Accounts the Quota Share of any additional amounts required to be deposited into the Separate Accounts after the Effective Time pursuant to the terms of the applicable Reinsured Contract, in each case, except to the extent that such amounts have been previously paid or provided for pursuant to the Net Settlement.

• If the amount of the Net Settlement for such Monthly Accounting Period is negative, the Reinsurer shall pay the absolute value of such amount in cash to the Ceding Company within twenty (20) days after its receipt of the Monthly Settlement Statement for such period.

More Definitions of Net Settlement

Net Settlement has the meaning set forth in Section 3(a) of this Agreement.

Net Settlement has the meaning set forth in Section 4.10(a).

Net Settlement has the meaning ascribed thereto in Section 6.2(a).

Net Settlement means a cashless “net settlement” arrangement pursuant to which the Company will reduce the number of Shares issued upon settlement of the RSU or PSU by the largest whole number of shares having an aggregate fair market value equal to the amount of the tax to be withheld.

Net Settlement or “Settled” means making payment to the Merchant’s nominated bank account of funds received by NuPay from the Bank only and from which the Merchant Discount fees have been deducted; and

Net Settlement means that the Company reduces the number of shares delivered to the Participant with a number corresponding to the value of the tax and social security contributions that the Company or one its Subsidiaries is required to withhold, both to the maximum extent permitted by law.

Net Settlement means settlement in a system where final settlement of transfer instructions occurs through netting at one or more discrete, pre-specified time during the processing day;