Second Payment Period definition

Second Payment Period means the period commencing on the day following the First Payment Period through and including the next Payment Date on the Recovery Bonds.
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Second Payment Period means any time from the expiry of the First Payment Period up to and including the date when the Kent Thameside Contribution has been paid in full
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Second Payment Period has the meaning set forth in Section 2.8(b).
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Examples of Second Payment Period in a sentence

  • Notwithstanding the foregoing, if the Payment amount calculated to be paid in the Second Payment Period exceeds the Exemption Limit, the excess amount will be paid in the First Payment Period.

  • The Company shall pay a Payment to you on the first pay day in the Second Payment Period.

  • The Second Payment Period shall begin on the first day of the first month following the First Payment Period, and shall end no later than the last day of the second calendar year following the calendar year in which you have a termination of employment (either by the Company without Cause or you resign for Good Reason).

  • In no event shall the aggregate amounts paid in the First Payment Period under Section 6(a) and in the Second Payment Period under Section 6(b) exceed the Severance Benefits.

  • The Company shall pay a Payment to Executive on each bi-weekly payroll date in the Second Payment Period.

  • The Second Payment Period shall commence on the first bi-weekly payroll date following the end of the First Payment Period and shall end on the last bi-weekly payroll date preceding the date that is eighteen (18) months following the Executive’s Separation from Service.

  • In the event any amount that would have been paid during the First Payment Period cannot be paid because it would exceed the limitation provided in the preceding paragraph, such excess amount shall be paid in a lump sum on the first bi-weekly payroll date of the Second Payment Period (in addition to any amount that would be paid on such bi-weekly payroll date in the Second Payment Period as provided in Section 1(a)(ii) below).

  • During the First and Second Payment Period, Employee will not be entitled to accrual of any additional Company compensation, including, vacation benefits or bonuses.

  • The Second Payment Period shall commence on the first bi-weekly payroll date following the end of the First Payment Period and shall end on the last bi-weekly payroll date preceding the date that is twenty-four (24) months following the Executive’s Separation from Service.

  • Determine the Periodic Payment Requirement for the Second Payment Period, as adjusted as described above, as well as the Periodic Billing Requirement for the Second Payment Period.

Related to Second Payment Period

  • Payment Period means the three months following each Collection Quarter.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Reinvestment Period means 15 months following the date of receipt of Net Cash Proceeds of an Asset Sale Prepayment Event, Casualty Event or Permitted Sale Leaseback.

  • Investment Period means, and shall be equal to, the Standard Investment Period.

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

  • Earnout Period has the meaning set forth in Section 2.5(a)(iii).