Payout Period definition
Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.
Payout Period means the time frame in which certain benefits payable hereunder shall be distributed. Said benefits may (at the request of the Director or his Beneficiary and subject to the Association’s discretion) be paid in a lump sum within thirty (30) days of the event which triggers payment or in equal monthly installments commencing on the first day of the month coincident with or next following said event and continuing for a period of one hundred eighty (180) months.
Payout Period means the period from the Sunday after a Saturday lotto draw to the close of business on the day 12 months after that draw;
More Definitions of Payout Period
Payout Period means the time frame in which certain benefits payable hereunder shall be distributed. Payments shall be made in equal consecutive monthly installments commencing on the first day of the month coincident with or next following the occurrence of any event which triggers distribution and continuing for a period of one hundred eighty (180) months.
Payout Period means the period from the Tuesday (or such other day as is selected by the Commission) after the determination of that Pools Game, to the close of business on the day 12 months after the day that Pools Game was determined;
Payout Period means the period from the Sunday after a super 66 draw to the close of business on the day one year after that draw;
Payout Period means the period from the Wednesday after that Oz lotto draw to the close of business one year from that draw;
Payout Period has the meaning given to such term in Section 1.06 hereof.
Payout Period means a period of 10 (Ten) years during which monthly income will be payable every monthiversary from the Policy Anniversary following the date of death of the Life Insured;
Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in equal monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of months, as designated in the Director's Joinder Agreement.