Annual Installments definition

Annual Installments means an amount payable annually on a Distribution Date or Initial Distribution Date based on value of the Account as of the Valuation Date. The amount of each installment shall be calculated by multiplying such Account balance by a fraction the numerator is 1 and denominator is the remaining installments. Each installment shall be a separate payment for purposes of the Treasury Regulations issued pursuant to Section 409A of the Code.

Annual Installments means, with respect to a Cash-Based Deferral, a payment option offered to the Participant where Heidrick & Struggles shall pay the Participant annually, for a period not to exceed ten (10) years, the amounts owed him or her from the Deferral Account relating to such Cash-Based Deferral. Heidrick & Struggles shall pay the first installment to a Participant as soon as is reasonably practicable following the Payment Commencement Date. Subsequent installments shall be paid as soon as is reasonably practicable following each anniversary of the Payment Commencement Date.

Annual Installments means a series of amounts to be paid annually over a predetermined period of years in substantially equal periodic payments, except to the extent any increase in the amount reflects reasonable earnings through the date the amount is paid. Annual Installments shall be treated as a single payment for the purpose of Section 409A.

Examples of Annual Installments in a sentence

The City Council may provide for other means of collecting the Annual Installments to the extent permitted under the PID Act.

An Assessment for a Parcel that is not paid in full will be collected in Annual Installments each year in the amounts shown in the Assessment Roll, which includes interest on the outstanding Assessment and Administrative Expenses.

Annual Installments shall be collected by the City in the same manner and at the same time as ad valorem taxes and shall be subject to the same penalties, procedures, and foreclosure sale in case of delinquencies as are provided for ad valorem taxes of the City.

The Administrative Expenses shall be collected as part of and in the same manner as Annual Installments in the amounts shown on the Assessment Roll, which may be revised based on actual costs incurred in Annual Service Plan Updates.

Administrative Expenses shall be allocated among Parcels in proportion to the amount of the Annual Installments for the Parcels.

More Definitions of Annual Installments

Annual Installments means a series of amounts to be paid annually over a predetermined period of years in substantially equal periodic payments. Annual installment payments shall be treated as a single payment for the purpose of Code Section 409A;

Annual Installments means an amount equal to "(1/A) x B," where "A" equals the number of installments remaining to be made (including the installment with respect to the calculation being made) and "B" equals the Deferral Account balance as of the date the amount of such installment is determined. For example, if a Participant elects a five-year installment option, he or she would receive a first installment equal to 1/5 of the account balance on the first installment date, 1/4 of the Deferral Account balance one year later, 1/3 and 1/2 a year and two years after that, respectively, and the remaining account balance on the fourth anniversary of the distribution date.

Annual Installments means the First Annual Installment from the Monetary Fund, Second Annual Installment from the Monetary Fund, Third Annual Installment from the Monetary Fund, and Fourth Annual Installment from the Monetary Fund, as described in Section

Annual Installments means, with respect to each Assessed Property, each annual payment of: (i) the Special Assessment (including the principal of and interest on), as shown on the Assessment Roll attached hereto as Appendix A, as applicable, or in an Annual Service Plan Update, and calculated as provided in Section VI of this SAP, and (ii) Administrative Expenses, (iii) the Prepayment Reserve described in Section IV of this SAP, and (iv) the Delinquency Reserve described in Section IV of this SAP.

Annual Installments means, with respect to each assessed Parcel, each annual payment of the Special Assessment as shown on the Assessment Roll attached hereto as Appendix A, as the same may be updated in accordance with this SAP, or in an Annual Service Plan Update, and which annual payment includes (i) the annual principal installment of the Special Assessment, (ii) interest on the outstanding Special Assessment, (iii) the Additional Interest, as applicable, and (iv) Administrative Expenses.