Payment Formula definition

Payment Formula means the formula set forth in ________ that determines the number of RSUs that shall vest pursuant to this Award Agreement based on whether, or the extent to which, the Performance Goals are achieved.
Sample 1Sample 2
Payment Formula means number of Reward Shares awarded to a Participant (as communicated to a Participant in an Award Letter) multiplied by the Performance Factor multiplied by the Payment Date Value of Common Stock.
Sample 1Sample 2
Payment Formula. Each municipality’s proportionate share of the District’s annual budget shall be computed as shown on schedule A attached.
Sample 1

Examples of Payment Formula in a sentence

  • Maximum Performance means the level of Three-Year Cumulative EBITDA from Continuing Operations for the Performance Period set by the Committee that results in a 200% factor in the Payment Formula set forth in Section 1.4.

  • Threshold Performance means the level of EBITDA Annual Growth for each Fiscal Year during the Performance Period set by the Committee that results in a 0% EBITDA Factor in the Payment Formula set forth in Section 1.4.

  • Maximum Performance means the level of EBITDA Annual Growth for each Fiscal Year during the Performance Period set by the Committee that results in a 200% EBITDA Factor in the Payment Formula set forth in Section 1.4.

  • Target Performance means the level of EBITDA Annual Growth for each Fiscal Year during the Performance Period set by the Committee that results in a 100% EBITDA Factor in the Payment Formula set forth in Section 1.4.

  • Payment Formula Subject to approval of Revenue Canada, the number of years over which the Nurse's salary is to be deferred shall be negotiated between the Nurse and the Chatham-Kent Public Health Unit.

  • Target Performance means the level of Three-Year Cumulative EBITDA from Continuing Operations for the Performance Period set by the Committee that results in a 100% factor in the Payment Formula set forth in Section 1.4.

  • Threshold Performance means the level of Three-Year Cumulative EBITDA from Continuing Operations for the Performance Period set by the Committee that results in a 0% factor in the Payment Formula set forth in Section 1.4.

  • The Alternative Payment shall be calculated by adjusting the Applicable Discount Rate and the Applicable Base Payment (as such terms are defined in Exhibit D) set forth in the Put Payment Formula (the "Interim Adjustments") as of a date (the "Interim Adjustment Date") that is (i) for the Qualifying Projects (other than the Late Qualifying Projects), 90 days after date of the Interim Adjustment Election and (ii) for any Late Qualifying Project, the Late Qualifying Adjustment Date.

  • Attachment 3 provides a more comprehensive discussion regarding Cane Supply Agreements and the Cane Payment Formula.

  • Rolka Loube, Interstate Telecommunications Relay Services Fund: Payment Formula and Fund Size Estimate, CG Docket Nos.


More Definitions of Payment Formula

Payment Formula means the Payment Amount payable in respect of the Amount Protected under the Cap-It Certificate. If the level of the Benchmark Interest Rate for the Calculation Period, expressed as an annual percentage, is not greater than the Cap Rate, expressed as an annual percentage, then the Payment Amount payable will be zero. However, if the level of the Benchmark Interest Rate for the Calculation Period, expressed as an annual percentage, is higher than the Cap Rate, expressed as an annual percentage, then the Payment Amount payable will be the sum of the level of the Benchmark Interest Rate for the Calculation Period less the Cap Rate then multiplied by (i) the Amount Protected, and (ii) the sum of the number of calendar days in the Calculation Period divided by 365. When expressed as a mathematical formula, the Payment Formula is calculated as follows: Terms:P = Payment Amount payable A = Amount ProtectedR = the level of the Benchmark Interest Rate for the Calculation Period, expressed as an annual percentage
Sample 1
Payment Formula means the formula set forth in Attachment A that determines the number of PSUs that will vest pursuant to this Award Agreement based on whether, or the extent to which, the Performance Goals are achieved.
Sample 1

Related to Payment Formula

  • Infant formula means a food that is intended for con- sumption by infants.

  • Payout Formula means as to any Performance Period, the formula or payout matrix established by the Committee pursuant to Section 3.4 in order to determine the Actual Awards (if any) to be paid to Participants. The formula or matrix may differ from Participant to Participant.

  • Performance Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • Formula means the appropriate secondary road fund distribution formula or farm-to-market road fund distribution formula as defined in subrules 102.2(2) and 102.2(3).

  • Payment Schedule ’ means a schedule which sets out—

  • Payment Amount as defined in Section 3.5.

  • Fixed Coupon Amount means the amount specified as such in the relevant Final Terms.

  • Discount Factor means the percentage discount applied to additional APCs when more than one APC is provided during the same visit (including the same APC provided more than once). Not all APCs are subject to a discount factor.

  • Formula Price means the highest of: (a) the highest composite daily closing price of the Stock during the period beginning on the 60th calendar day prior to the Change of Control and ending on the date of such Change of Control, (b) the highest gross price paid for the Stock during the same period of time, as reported in a report on Schedule 13D filed with the Securities and Exchange Commission, or (c) the highest gross price paid or to be paid for a share of Stock (whether by way of exchange, conversion, distribution upon merger, liquidation or otherwise) in any of the transactions set forth in Section 9 of the Plan as constituting a Change of Control; provided that in the case of the exercise of any such Right related to an Incentive Stock Option, “Formula Price” shall mean the Fair Market Value of the Stock at the time of such exercise.

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.

  • Debit Payment means a particular transaction where a debit is made.

  • Coupon Barrier Value means, in respect of a ST Coupon Valuation Date, Worst Value.

  • Multiplier means the Multiplier specified in the Table.

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

  • Payment Year means the calendar year during which the applicable Initial Year Payments or Annual Payments are due pursuant to subsection V.B. Payment Year 1 is 2022, Payment Year 2 is 2023 and so forth. References to payment “for a Payment Year” mean the Initial Year Payments or Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Initial Year Payments or Annual Payment due during that year.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Discount Fraction With respect to each Discount Mortgage Loan, the fraction expressed as a percentage, the numerator of which is the Discount Net Mortgage Rate minus the Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Discount Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a)) for such Mortgage Loan and the denominator of which is the Discount Net Mortgage Rate. The Discount Fraction with respect to each Discount Mortgage Loan is set forth as an exhibit attached to the Series Supplement.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Payment Method means a payment method that Stripe accepts as part of the Stripe Payments Services (e.g., a Visa credit card, Klarna).

  • AHYDO Catch-Up Payment means any payment with respect to any obligations of the Borrower or any Restricted Subsidiary, in each case to avoid the application of Section 163(e)(5) of the Code thereto.

  • Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.