Payment Commencement Date definition

Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

Payment Commencement Date means the Company’s next regular payday for executives that follows the expiration of sixty (60) calendar days from the date the Executive’s employment terminates.

Payment Commencement Date means, with respect to a Participant, (i) if such Covered Termination occurs prior to the applicable Change in Control, the later of (A) such Change in Control or (B) the effective date of the Release (as defined below) or (ii) if such Covered Termination occurs on or after the applicable Change in Control, the later of (X) the date of such Covered Termination or (Y) the effective date of the Release.

Examples of Payment Commencement Date in a sentence

• For this purpose, except as described in Subsection (e) below, Executive's "Payment Commencement Date" shall be the later of (I) the first business day of the month following the month in which Executive attains age 65 (June 8, 2029) or (2) the first business day of the first calendar month following the end of the calendar month in which Executive experiences a Separation from Service (as defined in Subsection 2 (d) below).

• Exhibit A Xxxxxx Xxxxxxxx "Normal Retirement Date"= June 8, 2029 "Payment Commencement Date"= The payment commencement date for the Normal Retirement Benefit shall be later of the first business day of the month following the month in which Executive attains age 65 (June 8, 2029) or the first business day of the month following the month in which Executive experiences a Separation from Service (as defined in Section 2(d) of the Agreement).

• See Exhibit C for a schedule of the projected Accrual Balance at the beginning of each year prior to the Payment Commencement Date.

• Any payment of a Severance Payment that is so delayed shall be paid on the Payment Commencement Date.

• Sec Exhibit C for a schedule of the projected Accrual Balance at the beginning of each year prior to the Payment Commencement Date.

More Definitions of Payment Commencement Date

Payment Commencement Date. The later of the first business day of the month following the month in which Executive attains age sixty-five (65) (July 13, 2021) or the first business day of the month following the month in which Executive experiences a Separation from Service.

Payment Commencement Date means the later of (a) the first day of the seventh month following the date a Participant incurs a Separation from Service other than by reason of death, or if due to death, the first day of the month following the Participant’s death, and (b) the date elected by the Participant in his or her valid Payment Election.

Payment Commencement Date means the date payment(s) of amounts credited to a Participant’s Account begin pursuant to Article III, Section 5.

Payment Commencement Date means a date that is within ninety (90) days after the Participant has a Distribution Event.

Payment Commencement Date means the payment date specified in item 7 of the annexed Schedule of Loan Terms.

Payment Commencement Date. = The later of the first business day of the month following the month in which the Executive attains age 65 (July 19, 2029) or the first business day of the month following the month in which the Executive experiences a Separation from Service. “Full Benefit” = $120,000 “Limited Benefit” – Determined by reference to the following table: Year Limited Benefit January 1, 2016 to December 31, 2016 $8,000 January 1, 2017 to December 31, 2017 $16,000 January 1, 2018 to December 31, 2018 $24,000 January 1, 2019 to December 31, 2019 $32,000 January 1, 2020 to December 31, 2020 $40,000 January 1, 2021to December 31, 2021 $48,000 January 1, 2022 to December 31, 2022 $56,000 January 1, 2023 to December 31, 2023 $64,000 January 1, 2024 to December 31, 2024 $72,000 January 1, 2025 to December 31, 2025 $80,000 January 1, 2026 to December 31, 2026 $88,000 January 1, 2027 to December 31, 2027 $96,000 January 1, 2028 to December 31, 2028 $104,000 January 1, 2029 to July 18, 2029 $112,000 The undersigned Executive hereby acknowledges that he has reviewed this Exhibit A to the Supplemental Executive Retirement Benefits Agreement and that the information set forth in this Exhibit A is true and correct in all material respects. /s/ Xxxxxxx Xxxxxxxx, V Xxxxxxx Xxxxxxxx, V December 18, 2015 Date EXHIBIT B DESIGNATION OF BENEFICIARY FORM under the SUPPLEMENTAL EXECUTIVE RETIREMENT BENEFITS AGREEMENT Pursuant to Section 2(e) of the Supplemental Executive Retirement Benefits Agreement (the “Agreement”), I, Xxxxxxx Xxxxxxxx, V, hereby designate the beneficiary(ies) listed below to receive any benefits under the Agreement that may be due following my death. This designation shall replace and revoke any prior designation of beneficiary(ies) made by me under the Agreement. Full Name(s), Address(es) and Social Security Number(s) of Primary Beneficiary(ies)*: [BENEFICIARY INFORMATION] *If more than one beneficiary is named above, the beneficiaries will share equally in any benefits, unless you have otherwise provided above. Further, if you have named more than one beneficiary and one or more of the beneficiaries is deceased at the time of your death, any remaining beneficiary(ies) will share equally, unless you have provided otherwise above. If no primary beneficiary survives you, then the contingent beneficiary designated below will receive any benefits due upon your death. In the event you have no designated beneficiary upon your death, any benefits due will be paid to your estate. In...

Payment Commencement Date means the first payroll date after the Eligible Employee’s execution and non-revocation of the Company’s Agreement and Release, subject to the provisions of Section 6.7(d).