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 Year. The calendar year during which the applicable Annual Payment is due pursuant to Section IV.B. Payment Year 1 is 2021, Payment Year 2 is 2022 and so forth. References to payment “for a Payment Year” mean the Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Annual Payment due during that year.

Payment Year means the year in which the rate applies to deductions made under Article 41B;

Examples of Payment Year in a sentence

The total amount of incentive payments in an Annual Payment shall be the sum of the incentive payments for which individual Settling States are eligible for that Payment Year under the criteria set forth below.
A shall not apply where the Settling State at issue meets the eligibility criteria for and is entitled to Incentive Payment A for the Payment Year at issue, except as expressly provided therein.
Incentive Payments A-C will be due in installments over the eighteen (18) Payment Years, and Incentive Payment D will be due in installments over thirteen (13) years beginning with Payment Year 6.
Incentive Payment C shall be available to Settling States that are not eligible for Incentive Payment A for a Payment Year, including to Settling States that are also eligible for Incentive Payment B.
Incentive Payment B shall be available to Settling States that are not eligible for Incentive Payment A for the applicable Payment Year.

More Definitions of Payment Year

Payment Year. The calendar year during which the applicable Annual Remediation Payment and the Annual Fees Payment is due. Payment Year 1 is 2024, Payment Year 2 is 2025 and so forth. References to payment “for a Payment Year” mean the Annual Remediation Payment and/or Annual Fees Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Annual Remediation Payment and/or Annual Fees Payment due during that year.

Payment Year means the year for which the daily rate is paid for habilitation services, beginning July 1 and ending June 30;

Payment Year means a Director’s annual term of service, which is the period beginning on the day after an annual shareholders meeting of the Company and ending on the date of the subsequent year’s annual shareholders meeting.

Payment Year means any 12 month period beginning with the tariff start date, or with the anniversary of the tariff start date.

Payment Year means each twelve-month period after the Closing Date, with the first Payment Year, if any, commencing on the date of the first sale of the Product to a customer in the United States and later Payment Years commencing on the same day of each succeeding year.

Payment Year means the year in which the rate applies to deductions made under Article 41B of this Law;

Payment Year means the 12 month period beginning October 1st each year.