Payment Value Clause Samples
The Payment Value clause defines the specific amount or method for determining the amount that must be paid under a contract. It typically outlines whether the payment is a fixed sum, calculated based on measurable outputs, or subject to adjustment according to certain criteria such as milestones or deliverables. By clearly establishing how much is owed and under what circumstances, this clause ensures both parties have a mutual understanding of financial obligations, thereby reducing the risk of disputes over payment amounts.
Payment Value. For any Appreciation Right, the excess of its Note Value over its Initial Value.
Payment Value. The above policy or policies shall insure the loss of the full payment due under this Agreement to Company and the amount of coverage shall be adjusted annually to reflect the projected amounts otherwise payable by Manager for an eighteen (18) month period. Manager shall be liable for fully deductible amount in the event of such loss.
Payment Value. Payment Value shall be calculated by multiplying the number of Performance Shares by the level of achievement of Management Objectives expressed as a percentage, as determined by the intersect of the applicable coordinates for Management Objectives as set forth on Annex A to the respective Grant of Performance Shares, and further multiplied by the average Market Value of the Company's Common Stock for the last ten (10) trading days of the Performance Period. An example of this calculation would be as follows: The grant was 100 Performance Shares. The Market Value of the Company's Common Stock on the date of grant was $25.00. Therefore, the Performance Share Value for the Grant of Performance Shares was 100 x $25.00 = $2,500. The level of achievement of the Management Objectives for the Performance Period was 150% of the performance targets as determined from the intersect of the applicable coordinates for performance measures as set forth on the applicable Annex A. The number of Performance Shares is multiplied by 150% = 150 Performance Shares. The average Market Value of the Company's Common Stock for the last ten(10) trading days of the Performance Period was $35.00. The Payment Value to the Executive would be 150 Performance Shares x $35.00 = $5,250. If the level of achievement of the Management Objectives does not reach the minimum performance threshold, as set forth on such Annex A, the percentage of Performance Shares achieved will be 0%. If the level of achievement of the Management Objectives equals or exceeds the minimum performance threshold, the percentage of the Performance Shares achieved will range from 0% to 200% as set forth on such Annex A. However, in no event will the amount of Performance Shares exceed 200% of the Performance Share Award.
Payment Value. As soon as practical after the close of the Performance Period, the Payment Value shall be determined for the Performance Units delivered to the Employee pursuant to this agreement.
Payment Value. As soon as practical after January 1, 2009 a dollar value (“Payment Value”) shall be determined for each Performance Unit awarded to the Employee pursuant to this agreement. This determination shall be made by using a matrix specific to your business unit or group. For example, by using a matrix similar to one attached hereto as Attachment A, the per unit Payment Value shall be calculated by multiplying $1.00 by the percentage (“Award Factor”) located at the intersection of (1) the row of figures in horizontal line with and to the right of the average annual Return on Capital (“ROC” on said chart) actually achieved by the Business Unit for the Performance Period and (2) the column of figures in vertical line with and below the average annual growth rate actually achieved by the Business Unit.