Common use of Certification and Payment Clause in Contracts

Certification and Payment. 5.1 Prior to the regularly scheduled meeting of the Committee held in the fourth quarter of the fiscal year immediately following the final year of the Award Period (the “Certification Meeting”), the Company shall calculate the number of Award Shares deliverable and the amount of the Dividend Equivalent Cash Award payable to Recipient, and shall submit these calculations to the Committee. At or prior to the Certification Meeting, the Committee shall certify in writing (which may consist of approved minutes of the Certification Meeting) the levels of XXX attained by the Company and the Peer Group Companies, the number of Award Shares deliverable to Recipient and the amount of the Dividend Equivalent Cash Award payable to Recipient.

Appears in 4 contracts

Samples: Long Term Incentive Award Agreement (Cascade Natural Gas Corp), Long Term Incentive Award Agreement (Cascade Natural Gas Corp), Long Term Incentive Award Agreement (Cascade Natural Gas Corp)

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