Deferred Payment Date Sample Clauses
The Deferred Payment Date clause establishes a specific future date on which payment obligations become due, rather than requiring immediate payment upon delivery or completion of services. In practice, this clause might stipulate that payment is due 30, 60, or 90 days after the issuance of an invoice or the fulfillment of certain contractual milestones. Its core function is to provide both parties with clarity and predictability regarding payment timing, helping to manage cash flow and reduce disputes over when payments are expected.
Deferred Payment Date. Participants who are residents of Canada for the purposes of the Income Tax Act (Canada), or who are residents of Argentina, and not, in either case, a US Taxpayer, may elect to defer receipt of all or any part of the Shares underlying Restricted Share Rights until one or more Deferred Payment Dates. Any other Participants may not elect a Deferred Payment Date.
Deferred Payment Date. Notwithstanding any provision to the contrary in this Agreement, no payments or benefits to which ▇▇▇▇▇▇▇ may become entitled under Section 4 or 12.B of this Agreement shall be made or provided to him prior to the earlier of (i) the expiration of the six (6)-month period measured from the date of his “separation from service” with the Company (as determined in accordance with the provisions of Code Section 409A and the Treasury Regulations thereunder) or (ii) the date of his death, if ▇▇▇▇▇▇▇ is deemed at the time of such separation from service to be a “key employee” within the meaning of that term under Code Section 416(i) and such delayed commencement is otherwise required in order to avoid a prohibited distribution under Code Section 409A(a)(2). Upon the expiration of the applicable Code Section 409A(a)(2) deferral period, all payments and benefits deferred pursuant to this Section 13.A (whether they would have otherwise been payable in a single sum or in installments in the absence of such deferral) shall be paid or reimbursed to ▇▇▇▇▇▇▇ in a lump sum, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein.
Deferred Payment Date. If the Participant so elects on the Date of Grant, then the Participant shall have the right to receive from the Company, within 90 days after the Deferred Payment Date, the cash payment (as determined in Sections 3(a-c)) with respect to this Award if vested on or before that date. “Deferred Payment Date” shall mean the earlier of the date of the Participant’s “separation from service” within the meaning of Section 409A of the Code or the Participant’s death.
Deferred Payment Date. Subject to the provisions of Sections 1.6(c) and (d) Two Million Dollars ($2,000,000) (the "Deferred Payment") shall be paid by the Buyer to the Seller on the date which is 90 days after the Closing Date (the "Deferred Payment Date") by wire transfer of immediately available United States funds to an account, which account will be designated by the Seller no later than two Business Days prior to the Deferred Payment Date.
Deferred Payment Date the due dates for payment of the First Tranche Deferred Consideration and the Second Tranche Deferred Consideration;
Deferred Payment Date. In the event (and only in the event) that (i) less than 100% of the Property is leased pursuant to Qualified Leases as of the Closing and (ii) no Lease-Up Payment was made at the Closing, then, subject to the provisions of this Agreement, Buyer shall be required to deliver the Deferred Purchase Price to Seller on the earlier to occur of the following (the "Deferred Payment Date"): (i) the date which is 270 days following the Closing Date or (ii) provided that the Deferred Substantial Completion Date has occurred, such date as Seller may designate by giving not less than ten (10) Business Days' written notice of such designation to Buyer.