Common use of Payout Clause in Contracts

Payout. At the commencement of the period of leave, the College shall pay to the participant the moneys standing to his/her credit less any premiums or contributions deducted for the year, except as may otherwise be mutually agreed, it being understood that interest is not earned for the period of leave.

Payout. At the commencement of the period of leave, the College University shall pay to the participant participant, in equal instalments on a bi-weekly basis, the moneys monies standing to his/her credit less any premiums or contributions deducted for required during the yearperiod of the leave, except as may otherwise be mutually agreed, it being . It is understood that interest is not earned for the period of leave.

Payout. At the commencement of the period of leave, the College University shall pay to the participant participant, in equal instalments on a bi-weekly basis, the moneys monies standing to his/her their credit less any premiums or contributions deducted for required during the yearperiod of the leave, except as may otherwise be mutually agreed, it being . It is understood that interest is not earned for the period of leave.

Payout. At the commencement of the period of leave, the College shall pay to the participant the moneys standing to his/her their credit less any premiums or contributions deducted for the year, except as may otherwise be mutually agreed, it being understood that interest is not earned for the period of leave.

Payout. At the commencement of the period of leave, the College shall pay to the participant the moneys standing to his/her credit less any premiums or contributions con- tributions deducted for the year, except as may otherwise oth- erwise be mutually agreed, it being understood that interest is not earned for the period of leave.