Examples of Original Payment Date in a sentence
The Committee (as defined in the Plan) permits you to defer the settlement of your Stock Units beyond the Original Payment Date on a tax-deferred basis in accordance with the terms of the Plan.
All payments which are delayed as provided in this subparagraph (c) shall accrue interest for the period from the Original Payment Date until the date such payment is actually made.
In such an event, amounts deferred shall be settled (1) immediately if the Original Payment Date already has occurred, or (2) upon the Original Payment Date if in the future.
This means that payment of the Stock Units will be made as soon as practicable after the Original Payment Date regardless of your deferral election.
The lump sum payments which are delayed as provided in this Section 5.4(c) shall accrue interest for the period from the Original Payment Date until the date such payment is actually made.
This means that your Designated Payment Date will be given effect only if (a) you complete and return this Election Form at least twelve (12) months before the Original Payment Date, and (b) the Designated Payment Date is at least five (5) years from the Original Payment Date.
If any of the principal would have been paid later than the end of the fixed rate interest period in effect at the time of prepayment, then the Original Payment Date for that amount will be the last day of the interest period.
Subject to Section 8 hereof, a Bonus Tranche shall be paid to a Participant as soon as practicable following the Original Payment Date of the Bonus Tranche (but in no event after the fifteenth day of the third month following the end of the calendar year during which the Original Payment Date occurs) in the form of (a) cash, prior to the date on which the stockholders of the Company approve this Plan, and (b) Shares, on and after the date on which the stockholders of the Company approve this Plan.
As of the Original Payment Date of a Bonus as to which a Participant has filed a Bonus Deferral Election, the Participant's Bonus Deferral Account shall be credited with a number of Phantom Shares equal to the quotient obtained by dividing (i) the amount of the Bonus covered by the Bonus Deferral Election (and reduced by the amount of any federal, state, local or other taxes required by law to be withheld upon the Deferred Bonus), by (ii) the Fair Market Value of a share of Common Stock as of such date.
Therefore, the Debtor shall have to notify CIMINAS, at least 15 Business Days prior to the Original Payment Date, its intention to exercise the Extension Option of the Original Payment Date by sending to CIMINAS the Notice of Use of the Extension Option of the Original Payment Date.