Examples of Program Quarter in a sentence
Each Director with respect to whom all or a specified percentage of his or her Cash Compensation under the Program will be paid in cash shall be paid all or the specified percentage, as the case may be, of his or her Cash Compensation for the Program Year as soon as practicable after the end of each Program Quarter for the Cash Compensation earned during such Program Quarter.
Such grants shall be made on the last day of each Program Quarter for the Cash Compensation earned during such Program Quarter.
Each Director may elect, at such time established by the Committee prior to payment, to receive all or a specified percentage of his or her Cash Compensation for the Program Year paid in shares of Common Stock, which will be issued as soon as practicable after the end of each Program Quarter for the Cash Compensation earned during such Program Quarter.
For each Director who has made a deferred cash election pursuant to this Article III, the Company shall establish a Deferred Cash Compensation Account and shall credit such deferred compensation account as of the end of each Program Quarter for the Cash Compensation otherwise earned during such Program Quarter.
Notwithstanding the foregoing, in the event that a Credit Card Program shall have been terminated during any Program Quarter, the Gain Sharing Payment, if any, for such Program Quarter shall be prorated as to the terminated Credit Card Program based on the number of actual days during such Program Quarter during which such Credit Card Program was in effect.