Delayed Compensation definition

Delayed Compensation means the corresponding amount payable by either Party as compensation for its delayed performance in accordance with Articles 3.4(b), 3.4(c) and 3.4(d).
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Delayed Compensation means amounts payable to the Issuer as a result of, inter alia, a delay due to a technical or administrative error or delay in settlement of a Collateral Obligation.
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Delayed Compensation means, for any day, interest at a rate per annum equal to (a) for LIBOR Based Loans, the applicable margin specified in the Credit Agreement (or an Adequate Protection Order) multiplied by the principal amount of such funded loan outstanding for such day (excluding any principal amount resulting from PIK Interest that has capitalized or accreted on or after the Trade Date), (b) for Credit Linked Deposits, the applicable net margin specified in the Credit Agreement, multiplied by the principal amount of such Credit Linked Deposit outstanding for such day (for the avoidance of doubt the applicable net margin shall incorporate the margin for (i) interest paid on the Credit Linked Deposit and (ii) the commitment fee, facility fee and letter of credit fee for the unutilized portion of the Credit Linked Deposit), (c) for unfunded commitments (other than those related to Credit Linked Deposits), the commitment fee (if any) specified in the Credit Agreement multiplied by the unfunded commitment amount and (d) the facility fee and letter of credit fees (other than those related to Credit Linked Deposits), if any, specified in the Credit Agreement, calculated for such day, in each case calculated on the basis set forth in the Credit Agreement.
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Examples of Delayed Compensation in a sentence

  • The Named Fiduciary may delegate to others certain aspects of the management and operation responsibilities of the Directors Delayed Compensation Plan Agreement including the employment of advisors and the delegation of ministerial duties to qualified individuals.

  • Nothing contained in this Directors Delayed Compensation Plan Agreement shall affect the right of the Director to participate in or be covered by any qualified or non-qualified pension, profit-sharing, group, bonus or other supplemental compensation or fringe benefit plan constituting a part of the Bank's or CTFSC's existing or future compensation structure.

  • The Bank reserves the absolute right, at its sole discretion, to either fund the obligations undertaken by this Directors Delayed Compensation Plan Agreement or to refrain from funding the same and to determine the extent, nature and method of such funding.

  • Whenever in this Directors Delayed Compensation Plan Agreement words are used in the masculine or neuter gender, they shall be read and construed as in the masculine, feminine or neuter gender, whenever they should so apply.

  • The Bank shall have no obligation to set aside, earmark or entrust any fund or money with which to pay its obligations under this Directors Delayed Compensation Plan Agreement.

  • If any said assumptions should change and said change has a detrimental effect on this Directors Delayed Compensation Plan Agreement, then the Bank reserves the right to terminate or modify this Agreement accordingly.

  • Should the Bank elect to fund this Directors Delayed Compensation Plan Agreement, in whole or in part, through the purchase of life insurance, mutual funds, disability policies or annuities, the Bank reserves the absolute right, in its sole discretion, to terminate such funding at any time, in whole or in part.

  • Headings and subheadings in this Directors Delayed Compensation Plan Agreement are inserted for reference and convenience only and shall not be deemed a part of this Directors Delayed Compensation Plan Agreement.

  • The "Named Fiduciary and Plan Administrator" of this Directors Delayed Compensation Plan Agreement shall be Community Trust Bank until its resignation or removal by the Board.

  • It is agreed by and between the parties hereto that, during the lifetime of the Director, this Directors Delayed Compensation Plan Agreement may be amended or revoked at any time or times, in whole or in part, by the mutual written consent of the Director and the Bank.

Related to Delayed Compensation

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Basic Compensation means Salary and Benefits.

  • Termination Compensation means a monthly cash amount equal to one-twelfth (1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.