Retention Payments definition

Retention Payments shall have the meaning set forth in Section 3.01(b).

Retention Payments has the meaning ascribed in Section 2.5;

Retention Payments has the meaning given in Section 8.6(c).

Examples of Retention Payments in a sentence

• If Operator fails to remit the Retention Payments in full by the date due, interest shall accrue on any unpaid amounts at five percent (5%) per annum or the maximum legally permitted rate, whichever is less.

• Agreement Administrator may reduce the permitted load as structural and sub-structural conditions change as Agreement Administrator in its reasonable discretion shall determine, provided that if such reduction in permitted load materially interferes with Operator’s operation of JRB as Agreement Administrator in its reasonable discretion shall determine, then the parties shall negotiate in good faith a corresponding reduction in the Retention Payments.

• For the avoidance of doubt, without being prohibited, such duty shall not require litigation or incurring other collection costs provided other effective means are used and Retention Payments are made timely.

• If for any reason this Agreement is terminated or expires prior to any of the foregoing payment dates, Operator shall pay Agreement Administrator the accrued amount up to the date of termination of any Retention Payments or other required payment not then paid or due.

• The Retention Payments and other payments due from Operator shall be paid in lawful money of the United States by check or wire transfer, accepted subject to collection, and payable to the order of Agreement Administrator, or such other entity as is designated in writing by Agreement Administrator.

More Definitions of Retention Payments

Retention Payments means $24,109,201.10, which represents the maximum amount of the retention payments to be made by the Companies and their Subsidiaries pursuant to the agreements listed under the heading “Retention Letters” in Section 3.1(r)(i) of the Seller Disclosure Schedule, as in effect on the date hereof.

Retention Payments means the payments listed at Section 1.1(c) of the Seller Disclosure Schedule.

Retention Payments has the meaning given in Section 4.6(j).

Retention Payments means the payments and benefits described in Section 2.

Retention Payments means, solely to the extent unpaid as of the Closing, the amounts payable to the Retention Payment Recipients, as set forth on the Closing Bonus Schedule, pursuant to awards granted prior to the Closing under the Retention Bonus Plan, including, solely to the extent unpaid as of the Closing, the employer portion of any payroll, social security, unemployment or similar Taxes in respect of such payments (determined assuming that each Retention Bonus Recipient received compensation during the calendar year in which the Closing occurs, with such compensation equal to the greater of, prior to such employee’s receipt of such payments, (x) such employee’s total wages (as reported on such employee’s Form W-2) during the prior calendar year, and (y) the actual amount paid to such employee by the Group Companies during the calendar year in which the Closing occurs).

Retention Payments means, with respect to any Participant, the 2018 Retention Payment, if any, and/or the 2019 Retention Payment, if any, as applicable, with respect to such Participant.

Retention Payments shall have the meaning set forth on Exhibit D.