Payment Commencement Date definition

Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

Payment Commencement Date. The later of the first business day of the month following the month in which Executive attains age sixty-five (65) (July 13, 2021) or the first business day of the month following the month in which Executive experiences a Separation from Service.

Payment Commencement Date means the Company’s next regular payday for executives that follows the expiration of sixty (60) calendar days from the date the Executive’s employment terminates.

Examples of Payment Commencement Date in a sentence

• Subject to the preceding sentence, payment of any severance payments due hereunder shall commence on the Payment Commencement Date.

• To the extent any prepayments (in addition to the Fixed Level Payments) are made on or after the Level Payment Commencement Date, the amount of such prepayment shall be applied to the then applicable remaining Outstanding TIFIA Loan Balance.

• The Borrower agrees to pay the principal of and interest on the TIFIA Loan by making payments in accordance with the provisions of this Agreement and the other TIFIA Loan Documents on each Semi-Annual Payment Date, beginning on the Debt Service Payment Commencement Date, and on each other date (including the Final Maturity Date) on which payment thereof is required to be made hereunder.

• To the extent that any prepayments of the TIFIA Loan shall be made prior to the Level Payment Commencement Date, the amount of such prepayment shall be applied to reduce the Outstanding TIFIA Loan Balance as of the Level Payment Commencement Date.

• To the extent any mandatory or voluntary prepayments of the TIFIA Loan are made prior to the Level Payment Commencement Date, the amount of such prepayment shall be applied to reduce the Outstanding TIFIA Loan Balance as of the Level Payment Commencement Date.

More Definitions of Payment Commencement Date

Payment Commencement Date means, with respect to a Participant, (i) if such Covered Termination occurs prior to the applicable Change in Control, the later of (A) such Change in Control or (B) the effective date of the Release (as defined below) or (ii) if such Covered Termination occurs on or after the applicable Change in Control, the later of (X) the date of such Covered Termination or (Y) the effective date of the Release.

Payment Commencement Date means the payment date specified in item 7 of the annexed Schedule of Loan Terms.

Payment Commencement Date means a date that is within ninety (90) days after the Participant has a Distribution Event.

Payment Commencement Date means the later of (a) the first day of the seventh month following the date a Participant incurs a Separation from Service other than by reason of death, or if due to death, the first day of the month following the Participant’s death, and (b) the date elected by the Participant in his or her valid Payment Election.

Payment Commencement Date means the date payment(s) of amounts credited to a Participant’s Account begin pursuant to Article III, Section 5.

Payment Commencement Date means the 60th day following the Executive’s Qualifying Termination.

Payment Commencement Date means the first payroll date after the Eligible Employee’s execution and non-revocation of the Company’s Agreement and Release, subject to the provisions of Section 6.7(d).