Payment Year Clause Samples
The Payment Year clause defines the specific 12-month period used to measure and track payments under an agreement. Typically, this period may align with the calendar year or the fiscal year of one of the parties, and it determines when payment obligations are calculated, due, or reconciled. By clearly establishing the timeframe for payment-related activities, this clause ensures consistency in accounting and helps prevent disputes over when payments are owed or assessed.
Payment Year. The Walgreens’ fiscal year during which the applicable Annual Remediation Payment and/or Annual Fees Payment is due pursuant to Exhibit M-2 and Exhibit M-3. Walgreens’ fiscal year is September 1-August 31. Payment Year 1 is September 1, 2022- 1 Reimbursement includes amounts paid to any governmental entities for past expenditures or programs August 31, 2023, Payment Year 2 is September 1, 2023-August 31, 2024 and so forth. References to payment "for a Payment Year" mean the Annual Remediation Payment and/or Annual Fees Payment (including without limitation State AG Fees and Costs and Additional Remediation Amounts) due during that year. References to eligibility "for a Payment Year" mean eligibility in connection with the Annual Remediation Payment due during that year.
Payment Year. The payment year for In Lieu Payments shall run from July 1 to June 30 (the “Payment Year”); provided however that the first year may be more than twelve (12) months as set forth in subsection (g), below.
Payment Year. The calendar year during which the applicable Annual Payment is due pursuant to Section IV.B. Payment Year 1 is 2021, Payment Year 2 is 2022 and so forth. References to payment "for a Payment Year" mean the Annual Payment due during that year. References to eligibility "for a Payment Year" mean eligibility in connection with the Annual Payment due during that year.
Payment Year. In no event shall Participant be permitted to designate the taxable year of payment for the RSUs.