Payroll Deduction Period definition

Payroll Deduction Period shall have the meaning set forth in Section 2.4.

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Payroll Deduction Period means the period within each Offering Period during which payroll deductions are withheld from a Participant’s Compensation for the purchase of shares of Common Stock under the Plan and may include any catch-up periods for payroll deductions permitted by the Plan Administrator.

Payroll Deduction Period means the period within each Offering Period during which payroll deductions are withheld from a Participant’s Compensation for the purchase of shares of Common Stock under the Plan.

Examples of Payroll Deduction Period in a sentence

• At the Effective Time, Acquiror shall, on behalf of Merger Sub, pay to each Company employee who is a participant in the Employee Stock Purchase Plan as of the Effective Time, an amount in cash equal to the Per Share Amount multiplied by the number of shares of Class A Common Stock which the accumulated funds in such employee's account would have been entitled to purchase under the terms of the Employee Stock Purchase Plan as of the end of such Payroll Deduction Period.

• Effective as of the Effective Time, the Company's 1995 Employee Stock Purchase Plan (the "Employee Stock Purchase Plan") shall be terminated and the then applicable Payroll Deduction Period (as defined in the Employee Stock Purchase Plan) shall be deemed to have ended on the last trading day of the Class A Common Stock immediately prior to the Effective Time.

• If for any Payroll Deduction Period the number of Shares that may be made available for purchase under the Plan is insufficient to permit exercise of all rights deemed exercised by all Participants with respect to such Payroll Deduction Period, a participation adjustment will be made, and the number of Shares purchasable by all Participants will be reduced proportionately.

• If funds held in the Company Account are to be used to purchase newly issued Shares directly from the Company, such funds shall be released to the Company on the Purchase Date in the month following the month in which the applicable Payroll Deduction Period ends.

• If Shares are to be purchased in the open market, all funds held in the Company Account (together with any funds required to be contributed to the Plan by the applicable Employer) shall, no later than the last day of the month in which the applicable Payroll Deduction Period ends, be transferred to the Plan Administrator, who will credit the Plan account of each Participant with the proportionate amount of such funds to which such Participant is entitled.

More Definitions of Payroll Deduction Period

Payroll Deduction Period means, with respect to the Offering Period that begins on January 1, 2021 and ends on January 13, 2021, the period beginning on January 1, 2021 and ending on January 8, 2021, and with respect to Offering Periods that begin on or after January 14, 2021, the twelve (12) calendar day period that begins every Monday that immediately precedes the first day of the Offering Period to which the Payroll Deduction Period applies, and ends on the Friday that immediately precedes the last day of the Offering Period to which the Payroll Deduction Period applies. For example, the Payroll Deduction Period that applies to the Offering Period that begins on January 14, 2021 shall begin on Monday, January 11, 2021 and end on Friday, January 22, 2021, and the Payroll Deduction Period that applies to the Offering Period that begins on January 28, 2021, shall begin on Monday, January 25, 2021 and end on Friday, February 5, 2021, and subsequent Payroll Deduction Periods shall continue as described in this Section 2(z). Each Payroll Deduction Period shall be subject to adjustment as provided in Section 4(b).

Payroll Deduction Period means that period beginning on the first day of each Offering period and ending on the earliest of:

Payroll Deduction Period means the payroll period of the applicable Employer or such other period as the Plan Administrator shall determine; provided, however, that the first Payroll Deduction Period under the Plan shall commence on a date determined by the Chief Financial Officer of the applicable Employer and end on the last day of the then current payroll period of such applicable Employer.

Payroll Deduction Period means the period beginning on January 1, 1998 and ending on December 31, 1998.

Payroll Deduction Period means the payroll period of the applicable Employer or such other period as the Plan Administrator shall determine; provided, however, that the first Payroll Deduction Period under the Plan shall commence on a date determined by the Chief Financial Officer of the applicable Employer and end on the last day of the then current payroll period of such applicable Employer. (s) "Plan" means the Colonial Properties Trust Employee Share Purchase Plan (which encompasses the Company Plan and the Operating Partnership Plan), as the same may be hereafter amended from time to time. (t) "Plan Administrator" means, with respect to the Company Plan, the Board of Trustees, the Company Committee or the designee of either; and means, with respect to the Operating Partnership Plan, the Board of Directors, the CPHC Committee, or the designee of either. (u) "Purchase Date" shall have the meaning set forth in Section 8 below. (v) "Purchase Price" shall have the meaning set forth in Section 7 below. (w) "Reporting Period" shall have the meaning set forth in Section 10 below. (x) "Shares" means the common shares of beneficial interest, par value $.01 per share, of the Company. (y) "Subsidiary" means any "subsidiary corporation" of the Company within the meaning of Section 425(f) of the Code.

Payroll Deduction Period. (as defined in the Company ESPP) (a “Payroll Deduction Period”) in progress as of the date of this Agreement under the Company ESPP will continue, and the shares of Company Common Stock will be issued to participants thereunder on the next currently scheduled purchase dates thereunder occurring after the date of this Agreement as provided under, and subject to the terms and conditions of, the Company ESPP. New Payroll Deduction Periods under the Company ESPP will be permitted to commence following the date of this Agreement in the ordinary course of business. Any Payroll Deduction Period in progress as of the Effective Time will be shortened, and the last day of each such Payroll Deduction Period will be a date specified by Parent that is not more than thirty (30) days preceding the Effective Time or such other time as the parties otherwise agree, at which time each participant in the Company ESPP shall have purchased for his or her account as many shares of Company Common Stock as his or her payroll deductions that have accumulated during the relevant Payroll Deduction Period can purchase under the terms of the Company ESPP. Notwithstanding any restrictions on transfer of stock in the Company ESPP, the treatment in the Merger of any shares of Company Common Stock under this provision will be in accordance with Section 2.1. The Company will terminate the Company ESPP as of or prior to the Effective Time. The Company will, promptly after the date of this Agreement, take all actions (including, if appropriate, amending the terms of the Company ESPP) that are necessary to give effect to the transactions contemplated by this Section 2.4.

Payroll Deduction Period means the period January 1st through December 31st, except that, the initial Payroll Deduction Period shall be the period July 1, 1996 to December 31, 1996. Notwithstanding the foregoing, the Payroll Deduction Period with respect to a given Participant shall end on the date that the Participant receives his last paycheck from the Employer after his employment with the Employer terminates.