Definition of Annual Installments

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

Annual Installments over any fixed number of years selected by the Director, with a minimum of five annual installments required for the Retirement Account.

If the Employee elected installment payments or the Ten Equal Annual Installments, the Spouse (or beneficiary) will receive one payment in an amount equal to the remaining payments.

This fee shall be included, on an annual basis, in the Annual Installments to be set forth on Installment Certification attached hereto as Exhibit E.

The Annual Installments shall include an annual administrative fee to be collected by City in the amount of 0.25% of the outstanding principal balance of the Loan (up to an annual maximum of One Thousand and no/100 Dollars ($1,000)) as of January 1st of each year.

By entering into the Agreement, City hereby agrees to enforce the PACE Special Charges and levy and impose the Annual Installments on the property tax bill of the Property as provided in the Ordinance and in Section5 below.

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.