Specific Payment Date Clause Samples
The Specific Payment Date clause establishes an exact date by which a payment must be made under the terms of an agreement. This clause typically applies to obligations such as invoices, milestone payments, or other financial commitments, and it clearly identifies the calendar date when the payment is due. By specifying a precise deadline, the clause eliminates ambiguity regarding payment timing and helps prevent disputes or delays related to when payments are expected.
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Specific Payment Date. The Committee shall determine on what date within the ninety (90) day payment period described above actual payment shall be made.
Specific Payment Date. The Committee shall determine on what date within the sixty (60) day payment period described above actual payment shall be made.
Specific Payment Date. The Committee shall determine on what date within the ninety (90) day payment period described above actual settlement shall be made. 5. Form of Payout. Vested PRSUs will be settled solely in the form of shares of Common Stock of the Company or such other security as common stock shall be converted into in the future. The Participant shall be issued one share of Common Stock (or such other number of securities into which the Common Stock is converted upon a Change of Control as the Committee shall determine in good faith) for each Vested PRSU.
Specific Payment Date. The Committee shall determine on what date within the ninety (90) day payment period described above actual settlement shall be made. 5. Form of Payout. Vested Performance RSUs will be settled solely in the form of shares of common stock of the Company or such other security as common stock shall be converted into in the future. The Participant shall be issued one share of Company Stock (or such other number of securities into which the Common Stock is converted upon a Change of Control as the Committee shall determine in good faith) for each Vested Performance Share.