Payments Under the Plan Sample Clauses

Payments Under the Plan. Printpack shall, subject to the conditions set forth in this Agreement, make payments (as and to the extent specified below) in the event Employee shall die or become disabled and in the event that Employee's children should elect to pursue further education after graduation from high school.
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Payments Under the Plan. (a) Upon a Change of Control, Company shall deliver to Trustee a schedule (the "Payment Schedule") that directs the Trustee regarding the amounts payable under the Plan, the form in which such amounts are to be paid, and the dates on which such amounts are payable. Except as otherwise provided herein, the Trustee shall make payments in accordance with such Payment Schedule. The Company shall have the sole responsibility for all tax withholding, related filings and reports. The Trustee shall withhold for taxes such amounts from distributions as the Company directs and shall follow the instructions of the Company with respect to the remission of such withheld amounts to the appropriate governmental authorities.
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Payments Under the Plan. Employees who select the opt-out plan shall receive payments from the Board as follows: Traditional Plan Family: $2,500 Parent/child: $1,400 Husband/Wife $2,000 Individual: $1,000 POS Plan Family: $1,800 Parent/child: $1,000 Husband/Wife $1,500 Individual: $ 700 Payments shall be made in semi-monthly installments for ten months (September through June).
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Payments Under the Plan. 5 When Payments Start................................................................................................................... 5
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Payments Under the Plan. WHEN PAYMENTS START In general, subject to special rules that apply after a Change of Control (see “Change of Control,” below), Interpublic will start paying your vested benefit, if any, during the first month that starts on or after the later of — • the second anniversary of your Termination of Employment or • your 55th birthday. However, the two-year wait will not apply if your participation in the Plan was approved on or after August 1, 2014, and you terminate employment at age 66 or older. In that case, Interpublic will start paying your vested benefit, if any, as of the first day of the later of (a) the seventh month that starts after your Termination of Employment or (b) the first month that starts on or after your 68th birthday. For example, if your employment with Interpublic and its Subsidiaries terminates on June 15, 2017, at age 56, Interpublic would make the first payment in July 2019. SENIOR EXECUTIVE RETIREMENT INCOME PLAN SENIOR EXECUTIVE RETIREMENT INCOME PLAN REDUCTION FOR STARTING PAYMENTS BEFORE AGE 65 The benefit amount set forth in your Participation Agreement assumes your benefit payments will start after you reach age 65 (or age 60 if your participation in the Plan was approved before August 1, 2014). If payments start before you reach that age, your monthly benefit is reduced as follows: • If your participation in the Plan was approved before August 1, 2014, your vested monthly benefit will be reduced by 5/12% for each full calendar month (5% per year) by which the date as of which payments start precedes your 60th birthday. • If your participation in the Plan was approved after August 1, 2014, your vested monthly benefit will be reduced by 5/12% for each full calendar month (5% per year) by which the date as of which payments start precedes your 65th birthday, subject to the following: Ø If Interpublic terminates your employment involuntarily without Cause, or you resign for Good Reason, the reduction will apply only to the extent that payments start before your 60th birthday. The reduction will be 5/12% for each full calendar month (5% per year) by which the date as of which payments start precedes your 60th birthday. For purposes of these reductions, the date as of which payments start is the first day of the month in which the first payment is due.
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Payments Under the Plan. From time to time during the term of this Agreement, the Trust, either directly or through an agent, will make payments to you pursuant to the Plan in consideration of your furnishing the Services (as defined below), as set forth in this Agreement. The Trust represents and warrants that any such Rule 12b-l payments shall be appropriately described in each Fund’s current prospectus and Statement of Additional Information and that all of the Trust’s obligations under this Agreement will be carried out in accordance with the most recent copy of the Plan that we have provided to you, as well as all applicable state and federal laws, including the 1940 Act, the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the Securities Act of 1933, as amended (the “Securities Act”).
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Payments Under the Plan. With respect to this Agreement, (i) the Restricted Stock Units are bookkeeping entries, (ii) the obligations of the Company under this Agreement are unsecured and constitute a commitment by the Company to make benefit payments in the future, (iii) to the extent that any person acquires a right to receive payments from the Company under this Agreement, such right shall be no greater than the right of any general unsecured creditor of the Company, (iv) all payments under this Agreement shall be paid from the general funds of the Company and (v) no special or separate fund shall be established or other segregation of assets made to assure such payments (except that the Company may in its discretion establish a bookkeeping reserve to meet its obligations under this Agreement. The award of the Restricted Stock Units is intended to be an arrangement that is unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended.
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Payments Under the Plan. During the life of the contract, all current members (those employed by the Board on or before July 1, 2012) will be paid as follows: Family: $2,900 Parent/child: $1,700 Couple: $2,500 Individual: $1,200 Payments shall be made in semi-monthly installments for ten months (September through June). Members hired after July 1, 2012 will not be eligible for payment for waiving insurance coverage.
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Payments Under the Plan. Employees who select the opt-out plan shall receive payments from the Board as follows: Direct Access: Family: $2,900 Parent/child: $1,700 Couple: $2,500 Individual: $1,200 Payments shall be made in semi-monthly installments for ten months (September through June).
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Related to Payments Under the Plan

  • Payments under this Agreement In the event that one party (the “Owing Party”) is required to make a payment to another party (the “Owed Party”) pursuant to this Agreement, then such payments shall be made according to this Section 7.05.

  • Actions Taken Under the Program The actions taken by the Recipient under the Program include the following:

  • Payments Under Loan Documents The Borrower shall fail to pay any principal of any Loan (including scheduled installments, mandatory prepayments or the payment due at maturity), Reimbursement Obligation or Letter of Credit or Obligation or any interest on any Loan, Reimbursement Obligation or Letter of Credit Obligation or any other amount owing hereunder or under the other Loan Documents on the date on which such principal, interest or other amount becomes due in accordance with the terms hereof or thereof;

  • REPORTS UNDER THE 1934 ACT With a view to making available to the Investors the benefits of Rule 144 promulgated under the 1933 Act or any other similar rule or regulation of the SEC that may at any time permit the Investors to sell securities of the Company to the public without registration (“Rule 144”), the Company agrees to:

  • Persons Having Rights Under the Agreement Nothing in this Agreement shall give to any person other than the Company, the Warrant Agent and the holders of the Warrant Certificates any right, remedy or claim under or by reason of this Agreement.

  • How We Calculate Benefits Under These Rules When this plan is secondary, it may reduce its benefits so that the total benefits paid or provided by all plans are not more than the total allowable expenses. In determining the amount to be paid for any claim, the secondary plan will calculate the benefits it would have paid in the absence of other healthcare coverage and apply that calculated amount to any allowable expense under its plan that is unpaid by the primary plan. The secondary plan may then reduce its payment by the amount so that, when combined with the amount paid by the primary plan, the total benefits paid or provided by all plans for the claim do not exceed the total allowable expense for that claim. In addition, the secondary plan shall credit to its plan deductible any amounts it would have credited to its deductible in the absence of other healthcare coverage.

  • PAYMENTS UNDER INDENTURE Any amount payable hereunder to any Holder of Preferred Securities shall be reduced by the amount of any corresponding payment such Holder has directly received under the Indenture pursuant to Section 514(b) or (c) hereof.

  • Reports Under the Exchange Act With a view to making available to the Investor the benefits of Rule 144 promulgated under the Securities Act or any similar rule or regulation of the SEC that may at any time permit the Investors to sell securities of the Company to the public without registration (“Rule 144”) the Company agrees to:

  • Plan Terminations Under Section 409A Notwithstanding anything to the contrary in Section 7.2, if this Agreement terminates in the following circumstances:

  • Other Provisions applicable to Adjustments under this Section The following provisions shall be applicable to the making of adjustments of the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect provided for in this Section 4:

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