Program Grant Payment definition

Program Grant Payment mean the economic development grants provided by the City to Grantee in accordance with this Agreement.
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Examples of Program Grant Payment in a sentence

  • The City shall make a Program Grant Payment to Grantee in the amount of $10,000.

  • The City shall make a Program Grant Payment to Grantee in the amount of $5,000.

  • The Program Grant Payment shall be based upon reports filed by the Company with the State Comptroller’s office, and the Program Grant Payment shall be confirmed by the Area Report provided by the State Comptroller to the City for the Facility.

  • The City will pay the Program Grant Payment on an annual basis, based on the Sales Tax Report from the State Comptroller received by the City during each calendar year (sales tax reporting periods include November – October).

  • Return this completed request along with all documentation to:Michigan Department of Treasury Office of Revenue and Tax Analysis PO Box 30722Lansing, MI 48909 Instructions for Form 4923Economic Vitality Incentive Program Grant Payment Request The numbers listed below coincide with the numbers on the payment request form.

  • The City will pay the Program Grant Payment on an annual basis, no later than March 31st of the year following the calendar year to which such Ad Valorem Tax Paid relates, provided the Company has first provided the City sufficient evidence that the Ad Valorem Taxes have been paid.

  • By way of example and explanation, if the Green Tag is received on November 30, 2015, then the Program Grant Payment period would begin with the 2016 tax year, which 2016 Ad Valorem Tax would not be received by the City and paid to the Company until 2017.

  • In the event such Sales Tax Reports are not available from the State Comptroller, the Company shall use its reasonable efforts to provide the City with information to verify taxable sales from the Shopping Center before any Program Grant Payment will be made.

  • The City will remit the Program Grant Payment to the Company by March 31st of the year following such calendar year.

  • Furthermore, no Program Grant Payment shall accrue for all tax years thereafter.

Related to Program Grant Payment

  • Service Award means any Court ordered payment to Plaintiff for serving as Class Representative, which is in addition to any payment due to Plaintiff as a Settlement Class Member.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Performance Award Agreement means a written agreement between the Company and a Participant with respect to a Performance Award.

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Cash Award means an award denominated in cash.

  • NQSO means any Option that is not an ISO.

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Performance Unit Agreement means a written agreement between the Company and a Holder with respect to a Performance Unit Award.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.

  • Director Option means an Option granted pursuant to Section 6.

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.