Final Lump Sum Payment any amount of your Outstanding Loan Balance that remains at the end of your Amortization Period; and
Final Lump Sum Payment. Duke will pay the Executive a final lunp-sum payment equal to the sum of (a) One Million Four Hundred Eight Thousand Two Hundred Forty-Seven and No/100 Dollars ($1,408,247), plus (b) the excess (if any) of (x) One Million Eighty Thousand and No/100 Dollars ($1,080,000) over (y) the amount previously paid to the Executive under the 2003 annual bonus plan pursuant to Paragraph 2(b) above, such lump-sum to be made as provided in Paragraph 8 below.
Final Lump Sum Payment any amount of your Outstanding Loan Balance that remains at the end of your Amortization Period; and (x) Prime Rate Variance: if the Prime Rate changes significantly it may result in:(1) your loan being paid in full early; (2) the lengthening of your Amortization Period [to a maximum of fourteen and one-half (14½) years]; or (3) you being required to pay a Final Lump Sum Payment. (d)
