Eligible Payment definition

Eligible Payment has the meaning set forth in Section 4 of this Agreement.
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Eligible Payment means a payment on a student loan account that is sufficient to satisfy the scheduled payment amount due for a billing cycle.
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Eligible Payment means any payment (including a payment of Common Stock) due to a Director and declared by the Board as a payment, the income recognition of which may be deferred pursuant to the Plan.
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Examples of Eligible Payment in a sentence

  • Benefit of Participant Employed on Initial Eligible Payment Date or with a Separation from Service on or after Age Sixty.

  • Commencing January 1, 2002, if a Participant with a Stock Account balance that has not reached its Initial Eligible Payment Date Separates from Service for any reason, including death or Disability prior to age sixty (60), such vested balance shall be transferred to a Retirement Account and paid in cash pursuant to the Participant’s elections or Plan provisions, whichever is applicable, under Article 5 of this Plan.

  • Any Director who elects to defer part of his or her Eligible Payment in accordance with Section 4.1 shall become a Participant in the Plan as of the date such deferral occurs in accordance with Section 4.1.

  • Notwithstanding anything to the contrary contained in this Agreement, if the Company shall be required to withhold and pay over any Taxes in respect of the Eligible Payments, the Company shall withhold and pay over such Taxes to the relevant Governmental Entity in accordance with applicable Law and the Company shall send the recipient of the applicable Eligible Payment documentation evidencing payment of the amount or amounts so withheld and paid over.

  • Any Elective Deferral of an Eligible Payment that, but for its deferral, would have been paid in cash to the Participant shall be credited to Participant’s Interest Account (or such other sub-account as may be established from time to time by the Plan Administrator).

  • Commencing January 1, 2002, if a Participant with a Stock Account balance that has not reached its Initial Eligible Payment Date Separates from Service for any reason including death or Disability on or after age sixty (60), such Stock Account, including the Stock Premium, shall be payable on the earlier of the date the Stock Premium becomes fully vested or the Initial Eligible Payment Date.

  • Any person who becomes eligible to participate in the Plan during any Plan Year (including the first Plan Year), may elect, not later than the 30th day after his or her term as a Director begins (or, in the case of the first Plan Year, not later than the 30th day after the Effective Date), to defer all or a portion of his or her Eligible Payment payable for the portion of such Plan Year following such election.

  • Any Elective Deferral of an Eligible Payment that, but for its deferral, would have been paid in Common Stock to the Participant shall be credited to Participant’s Stock Account.

  • The Eligible Payment payable to a Participant for a given Plan Year shall be reduced by the Participant’s Elective Deferral for that Plan Year and the Elective Deferral shall be credited by the Company to the Participant’s Account as of the date the amounts would have otherwise been paid to the Participant.

  • On or before December 14, 2020, each Eligible Participant may elect defer all or a portion of his or her Eligible Payment, such deferral to be made in the form prescribed by the Administrator; any such election shall be irrevocable upon receipt by the Administrator.


More Definitions of Eligible Payment

Eligible Payment means an amount owed by a large-scale electric utility to a third party in the state that exceeds the large-scale electric utility's applicable insurance coverage, including self-insurance.
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Eligible Payment means the Maximum Appreciated Price, (unless a lesser price is agreed by the Corporation and the Holder) minus the Base Measurement Price multiplied by the number of shares of Common Stock corresponding to the number of Series J Preferred Shares divided by the Base Measurement Price multiplied by the Stated Value.
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Eligible Payment has the meaning set forth in Section 4 of this Agreement. “Escrow Account” has the meaning set forth in Section 2 of this Agreement. “Escrow Account Balance” has the meaning set forth in Section 4 of this
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Eligible Payment means the amount payable to an Eligible Participant in the form of the ‘Cash Payment’ described in that certain Retirement Agreement by and between the Bank, Renasant Corporation and such Participant; provided that in no event shall any such amount that is actually paid or payable during 2020 be considered an Eligible Payment hereunder.
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Related to Eligible Payment

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Final compensation of a member means:

  • Eligible Expenses means expenses incurred for Medical Services rendered with respect to a Disability.

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Eligible Expense means the lesser of the reasonable, customary, usual, fair market value charge for a covered service or the provider's actual charge.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Base Pay means the Executive’s annual base salary from the Company at the rate in effect immediately prior to a Change in Control or at the time Notice of Termination is given, whichever is greater. Base Pay includes only regular cash salary (plus the amount of any automobile allowance paid to the Executive or any automobile lease payments made by the Company on behalf of the Executive) and is determined before any reduction for deferrals pursuant to any nonqualified deferred compensation plan or arrangement, qualified cash or deferred arrangement or cafeteria plan.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).