Payout Period Sample Clauses

Payout Period. 13.1 WHAT IS THE PAYOUT The payout period is the second of the two PERIOD? periods of your contract. The payout period begins on the payout date. It continues until we make the last payment as provided by the income payout option chosen. On the first day of this period, the contract value (adjusted as described below) will be applied to the anticipated income payout option shown on the data page, unless you have selected another option. Income payments will begin as provided under that option. The contract value applied to an income payout option will be adjusted as follows:
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Payout Period. 15.01 What is the Payout Period? The Payout Period is the period of time that:
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Payout Period. A period of 36 months from the effective date of the termination of Executive's employment with the Company.
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Payout Period. The phase the contract is in once income payments begin.
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Payout Period. At all times after the Payout Period Start Date, the Company shall repay the aggregate outstanding principal amount of the Revolving Loans on each Interest Payment Date (commencing on the Interest Payment Date that first occurs following the Payout Period Start Date) in an amount for such installment equal to (i) the aggregate principal amount of Revolving Loans on the Payout Period Start Date multiplied by (ii) the applicable Payout Period Percentage as of such date.
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Payout Period. Section 13
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Payout Period. The period during which the Net Proceeds are to be applied against the costs is called the “Payout Period”. Charges and expenditures during the Payout Period shall be made in accordance with the provisions in the Accounting Procedure attached hereto as part of Exhibit “D”. Nothing herein, or in said Accounting Procedure, shall be construed as constituting joint operations during said period. Well costs as referenced in Article IV.K., above, will not include FARMEE’S XXXXX overhead charges or salaries of FARMEE’S employees. Within 90 days after completion of any well provided for herein as a well capable of producing oil and/or gas in paying quantities, FARMEE shall furnish the cumulative costs of drilling, completing, and equipping said well as a producer. Quarterly thereafter during the Payout Period, FARMEE shall furnish reports showing operating expenses, production volumes, and proceeds from the sale of FARMEE’S share of production from the well for the preceding month.
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Payout Period. “Payout Period” means the period ending one (1) year from the date the Settlement Checks are first mailed by the Settlement Administrator or up to thirty (30) days thereafter to the extent any replacement or subsequent Settlement Checks remain payable after one (1) year from the date the Settlement Checks are first mailed by the Settlement Administrator.
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Related to Payout Period

  • Performance Period This Agreement shall be performed during the period which begins Oct 01 2020 and ends Sep 30 2022. All services under this Agreement must be rendered within this performance period, unless directly specified under a written change or extension provisioned under Article 14, which shall be fully executed by both parties to this Agreement.

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Performance Cycle The Performance Cycle for this Award shall commence on May 1, 2005, and shall end on December 31, 2007.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Annual Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

  • Annual Incentive Award During the Term of Employment, the Executive shall be eligible for an annual incentive award with payout opportunities that are commensurate with his position and duties, as determined by the Compensation Committee in its discretion. Commencing with the Effective Date of the initial Term of Employment, the Executive’s target annual incentive award opportunity will be equal to fifty percent (50%) of the Executive’s Base Salary. The Executive’s annual incentive award opportunities shall be based on Company and individual performance goals determined, and subject to change, by the Compensation Committee in its discretion. The Executive shall be paid his annual incentive award no later than other senior executives of the Company are paid their annual incentive award.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Target Bonus For purposes of this Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal year.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

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