Vesting Payment definition

Vesting Payment means any payment made after the Existing Notes Issue Date in respect of unvested stock, options and other employee compensation arrangements existing immediately prior to the consummation of the Original Transactions (including any related taxes or payments in respect of taxes otherwise payable in connection therewith) in an aggregate amount for all such payments not to exceed $25.0 million.
Sample 1Sample 2
Vesting Payment shall have the meaning provided in § 8.1.3.
Sample 1
Vesting Payment means any payment made after the Issue Date in respect of unvested stock, options and other employee compensation arrangements existing immediately prior to the consummation of the Merger (including any related taxes or payments in respect of taxes otherwise payable in connection therewith) in an aggregate amount for all such payments not to exceed $25.0 million.
Sample 1

Examples of Vesting Payment in a sentence

  • In such event, those individuals shall be deemed to have irrevocably waived any right in or claim to a Vesting Payment, but the Settlement Agreement nevertheless shall be binding upon them.

  • Members of the Vesting Subclass shall have one-hundred twenty (120) calendar days after mailing by or at the direction of Defendants to cash their Vesting Payment.

  • If any such individuals do not cash their checks within that one-hundred twenty (120) day period, their Vesting Payment checks shall be void and a stop-pay shall be placed on the checks.

  • Except with respect to Phantom Stock Units that become vested by reason of Section 4(c), within sixty (60) days after any Phantom Stock Units become vested, the Company shall transfer to Grantee the Vesting Payment (as defined in Section 5, below) attributable to the vested Phantom Stock Units and such Phantom Stock Units shall expire when such Vesting Payment is made.

  • At each time that Executive's Plan Shares shall vest, Company shall pay to Executive an amount (a "DCA Vesting Payment") bearing the same proportion to the amount of each DCA Vesting Deduction theretofore made as the number of Plan Shares so vesting shall bear to the number of Executive's Plan Shares that shall have remained unvested at the time such DCA Vesting Deduction shall have been made.

  • As a holder of Phantom Stock Units, the Grantee has the rights of a general unsecured creditor of the Company unless and until the Vesting Payment (as defined in Section 5) is paid out to Grantee, as set forth herein.

  • In connection with any Additional Payment or Vesting Payment, such Stockholders shall, as a condition to such Additional Payment or Vesting Payment, provide the representation set forth in Section 2.28 as of the time of the receipt of the Additional Payment or Vesting Payment, as the case may be.

  • The aggregate Per Share Vesting Payment (as defined below) for each Stockholder is set forth on EXHIBIT A next to such Stockholder's name, such aggregate Per Share Vesting Payment being equal to each Stockholder's pro rata portion of the Vesting Payment (on a per share basis, the "Per Share Vesting Payment").

  • Failure by Participant to provide written notice of the grounds for Good Reason within 120 days of discovery, or failure by the Participant to resign within 30 days after the end of the Company’s 60-day cure period, shall be a waiver of Participant’s right to assert the subject circumstance as a basis for termination for Good Reason.(e)Possible Acceleration of Vesting; Payment in Satisfaction of Option.

  • Any controversy or dispute among the parties hereto arising in connection with the Vesting Payment shall be resolved in accordance with Section 10.12.

Related to Vesting Payment

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Deferred Sales Charge Payment Date means October 10, 2013 and the tenth day of each month thereafter through February 10, 2014.

  • Option Payment shall have the meaning set forth in Section 3.4.

  • Retention Bonus means an incentive bonus provided under

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Share Payment means (a) a payment in the form of Shares, or (b) an option or other right to purchase Shares, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • PRE-PAYMENT The Tenant shall: (check one)

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • 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.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • Change in Control Payment means a lump sum payment in an amount equal to the sum of (i) 300% of Executive's annual base salary as in effect pursuant to Section 2.1 immediately prior to Executive's termination of employment with Company and (ii) three times 45% of the maximum annual incentive bonus amount pursuant to Section 2.2 that Executive could have earned for the year during which Executive's employment with Company terminates.