Actual Payment definition
Examples of Actual Payment in a sentence
Value of Benefit The future value of the Actual Payment Amount subject to the Performance Cash Award is unknown and cannot be predicted with certainty.
If ▇▇▇▇▇▇'▇ Actual Payment Share is greater than the ▇▇▇▇▇▇ Escrow Share, Participating Contract Counsel (other than ▇▇▇▇▇▇) shall be obligated to pay to ▇▇▇▇▇▇ an amount sufficient to ensure that ▇▇▇▇▇▇ receives ▇▇▇▇▇▇'▇ Actual Payment Share.
However, the following provisions shall apply if a Change of Control occurs before the Vesting Date: (i) Upon the Change of Control, the Actual Payment Amount shall be fixed at no less than the Target Amount to be Paid Upon Vesting.
If ▇▇▇▇▇▇'▇ Actual Payment Share is less than the ▇▇▇▇▇▇ Escrow Share, each Participating Contract Counsel (other than ▇▇▇▇▇▇) shall be entitled to receive a percentage of the difference between the amount of ▇▇▇▇▇▇'▇ Escrow Share and ▇▇▇▇▇▇'▇ Actual Payment Share equal to its respective Fee Percentage, with the remainder, if any, to be returned to Settling Defendants in proportion to their respective contributions toward such amount.
The Designated Auditor and the independent accountants who prepared the calculation of the Actual Payment shall then select a third independent accountant and the three accountants shall determine the Actual Payment no later than twenty-one (21) days following the Date of Termination.