Retention Payment definition

Retention Payment means release of retention proceeds as defined in Subsection (1)(i).
Retention Payment means the retention payment specified in the Retention Agreement or Employment Agreement;
Retention Payment means an amount equal to One Hundred Eighty-Seven Thousand Five Hundred Dollars ($187,500).

Examples of Retention Payment in a sentence

  • Claims submitted after the Retention Payment date shall also be considered null and void by the Owner.

  • Claims submitted after the Retention Payment date shall also be considered null and void by the District.

  • On completion of the Work and prior to and as a condition precedent to the Application for Retention Payment, the Contractor will provide one neatly prepared and complete set of As-Built Drawings and Annotated Specifications to the District.

  • The Owner shall have the right to subsequently to correct any mistake, inaccuracy, error or falsification made or otherwise set forth in any approved Request for Payment and such correction may occur in any future Payment Application or in the Retention Payment to the Contractor.

  • A Claim is a request for payment, supported by back-up documentation which includes, invoices time sheets, or other documents substantiating legitimacy or entitlement that is submitted during the Project or immediately following the Project made prior to the Application for Retention Payment and prior to Final Completion of the Project.


More Definitions of Retention Payment

Retention Payment shall be as defined in Section 3.1.
Retention Payment has the meaning set forth in Section 2.7.
Retention Payment as used in this Agreement means the amount of $183,000.
Retention Payment means the retention awards and any special operating incentive and divestiture incentive awards payable pursuant to the Employment Agreements.
Retention Payment shall have the meaning set forth in the Immunex Corporation Retention Plan.
Retention Payment shall have the meaning ascribed to it in Section 5.7(f)(iv).
Retention Payment means any amount payable by the Debtors or the Liquidating LLC, as applicable, to a Key Employee pursuant to a Retention Agreement.