Eligible Payment definition
Examples of Eligible Payment in a sentence
Eligible Payment means the total amount paid by us to you in the event of a loss.
Any remaining funds will be paid to the Cy Pres Recipients under this Agreement within thirty (30) days following the Second Eligible Payment.
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.
For purposes of the definition of Losses, an “Identity-Theft- Related Charge” shall mean a charge, other than a charge to the Eligible Payment Card Account of the Settlement Class Member, incurred as a result of someone’s assuming the Settlement Class Member’s identity and taking out and using credit or otherwise obtaining monies and other things of value fraudulently in the name of the Settlement Class Member.
The Eligible Payment shall be further adjusted upward or downward based on the Company’s Total Return for the Performance Period compared to a selected Peer Group.
The amount of the Eligible Payment shall be determined by taking the Compound Annual FFO Per Share Growth Rate, as determined by the Committee and selecting the Eligible Payment from the table below associated with such Compound Annual FFO Per Share Growth Rate.
If any Purchaser Indemnified Party makes a claim for an Eligible Payment pursuant to, and subject to the terms and conditions of, the Purchase Agreement (each, a “Claim”), then Purchaser shall promptly provide written noti.
The adjustment upward or downward will be based on the following formula: the applicable Eligible Payment multiplied by [the Company’s Total Return over the Performance Period divided by the Peer Group’s Total Return over the Performance Period].
On the claim form, the Settlement Class Member must provide the number and expiration date of the payment card account that is the basis for such claim, for verification by Heartland and/or the Claims Administrator and/or the dispute resolution firm that such account is an Eligible Payment Card Account and evaluation of the claim, and such information shall be deemed confidential and protected as such by Heartland and/or the Claims Administrator and/or the dispute resolution firm, as appropriate.
Life A principal sum for each eligible hourly paid employee and as fol- lows: Eligible employee Eligible Payment of death benefit will be made in ac- cordance with the terms of the policy issued by the Insurance Company to each eligible employee and Life Insurance Termination and Conver- sion Privilege: The policy will continue in force for a period of days following termination of employment.