Special Cash Payment definition

Special Cash Payment means a monthly cash amount equal to $2,750 to be paid to Participant in lieu of monthly Company-subsidized COBRA, life insurance plan premiums and/or any other welfare benefits as provided in Section 4.5(b).

Special Cash Payment shall have the meaning set forth in the Separation Agreement.

Special Cash Payment has the meaning set forth in Section 1.12(b).

Examples of Special Cash Payment in a sentence

• L Brands will maintain the funds received from the Special Cash Payment in a non-interest bearing segregated bank account (a “Segregated Account”) and will take into account for Tax purposes all items of income, gain, deduction or loss associated with the funds while maintained in this segregated account.

• See “The Separation Agreement—The Separation— Special Cash Payment, Payment of the Additional Amount and Post-Closing Adjustments” for further description of adjustments to the Special Cash Payment.

• Following the Securities Exchange, such investment bank(s) or their affiliates are expected to sell the Spinco Debt Securities to third-party investors.Step #3— Special Cash Payment.

• Prior to the effective time of the Merger, and as a condition to the Distribution, Spinco will make the Special Cash Payment to AT&T, which is a cash distribution to AT&T equal to approximately $30.0 billion, subject to adjustment, including for the approximately $1.6 billion of existing debt of the WarnerMedia Business to be assumed by the Spinco Group, net working capital and other adjustments.

• As consideration for the Contribution, VS shall (i) issue to L Brands 88,303,261 shares of VS Common Stock and (ii) pay to L Brands the Special Cash Payment in immediately available funds to one or more accounts designated in writing by L Brands.

More Definitions of Special Cash Payment

Special Cash Payment means a cash payment from VS in an amount of $975,992,197.25, payable to L Brands prior to the Distribution.

Special Cash Payment means the Special Cash Payment (as defined in the Neptune Separation Agreement as in effect on December 15, 2019).

Special Cash Payment means the Spinco Special Cash Payment (as defined in the Neptune Separation Agreement, dated as of December 15, 2019, as amended or otherwise modified from time to time, to the extent such amendment or other modification will not result in the failure or inability to satisfy the condition set forth in Section 3.02(b)).

Special Cash Payment has the meaning given to “Spinco Special Cash Payment” in the Separation and Distribution Agreement.

Special Cash Payment means a cash payment from VS in an amount of $[—], payable to L Brands prior to the Distribution. “Specified L Brands IT Assets” means the IT Assets set forth on Schedule 1.01(d).

Special Cash Payment shall have the meaning set forth in Section 212.

Special Cash Payment means $850 million less the Cash Reduction Amount, if applicable, to be received by Shareholders pursuant to the Plan;