Examples of Excess Payments in a sentence
I hope that with the further disclosures that were made late in this process that it will be possible to determine and agree the amounts of Excess Salary and of Excess Payments and of the balance of Mrs Langer’s shareholder loan account, but I cannot rule out that further expert forensic accountancy work may be needed for this.
In order to deal with these points, I propose to order that the Respondent should assume the liability to repay Mrs Langer’s shareholder loans account up to the lesser of (i) the full value of such shareholder loan account; and (ii) 25% of the sum of the Excess Salary and the Excess Payments.
The forfeiture of Excess Payments, if applicable, shall be applied to the severance described in Section 5(c) hereof, then to cancellation of accelerated vesting of performance-based equity awards (based on the reverse order of the date of grant), then to cancellation of accelerated vesting of other equity awards (based on the reverse order of the date of grant), and then to any other Payments on a pro-rata basis.