Covered Payment definition

Covered Payment means the amounts and benefits paid to Employee pursuant to this Agreement, taken together with any amounts or benefits otherwise paid or distributed to Employee by PPD.

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Covered Payment means those certain payments to be made by ▇▇▇▇▇▇▇ Mac if required in connection with an Owner Act of Bankruptcy pursuant to the Credit Enhancement.

Covered Payment means those certain payments to be made by Freddie Mac if required in connection with an Owner Act of Bankruptcy pursuant to the Credit Enhancement.

Examples of Covered Payment in a sentence

Any Covered Payment due within such six-month period shall be delayed to the end of such six-month period.
If the Tax Reimbursement Payment would have been due, the Accountants shall determine the amount of any interest and penalties that may be imposed on the Executive by reason having failed to have timely paid any Excise Tax (the "Penalty Amount"), and the amount of the Tax Reimbursement Payment due, treating the Penalty Amount as a Covered Payment.
If the accounting firm determines that no Excise Tax is payable with respect to a Covered Payment, it shall furnish the Company and the Executive with an opinion reasonably acceptable to the Executive that no Excise Tax will be imposed with respect to such Covered Payment.
The Executive Consultant shall determine whether any part of the Covered Payment will be subject to the Excise Tax and the amount of such Excise Tax.
If a Covered Payment hereunder would be an Excess Parachute Payment and would thereby subject Employee to the Excise Tax, the provisions of this Section 2.05 shall apply to determine the amounts payable to Employee pursuant to this Agreement.
The Corporation will increase the Covered Payment to include interest payable on such Covered Payment at the interest rate described below from the date of Executive’s termination of employment to the date of payment.
The Corporation will pay the adjusted Covered Payment at the beginning of the seventh month following Executive’s termination of employment.
If the Tax Reimbursement Payment would have been due, the Accountants shall determine the amount of any interest and penalties that may be imposed on the Executive by reason of having failed to have timely paid any Excise Tax (the "Penalty Amount"), and the amount of the Tax Reimbursement Payment due, treating the Penalty Amount as a Covered Payment.
If the Tax Reimbursement Payment would have been due, the Accountants shall determine the amount of any interest and penalties that may be imposed on the Executive by reason of having failed to have timely paid any Excise Tax (the “Penalty Amount”), and the amount of the Tax Reimbursement Payment due, treating the Penalty Amount as a Covered Payment.
The portion of the Tax Reimbursement Payment attributable to a Covered Payment shall be paid to the Executive within ten (10) business days following the payment of the Covered Payment.

More Definitions of Covered Payment

Covered Payment means any payment under an Applicable Agreement to the extent determined to be deferred compensation subject to the Section 409A Provisions.

Covered Payment shall have the meaning assigned thereto in Section 4.

Covered Payment means, except to the extent modified by the Agreement, any payment of dividends or interest arising in the Source Country received by the AI with respect to an account that has been designated by the AI in accordance with Paragraph IV.A as one for which it is acting in its capacity as an Authorised Intermediary;

Covered Payment means: (i) any payment by the Company or its Affiliates made prior to the Closing Date or pursuant to compensation arrangements agreed to by the Company or its Affiliates prior to Closing, or (ii) any payment made by the Company or its Affiliates on or after the Closing Date to the extent expressly contemplated by this Agreement, including (A) any payment referred to in Section 1.5(h) and (B) any payment made pursuant to the Retention Agreements, the Employment Agreements or the Non-Competition Agreements;