Incentive Payment Date definition

Incentive Payment Date means the seventy-fifth (75th) day following the last day of the performance period during which the Final Award under Article 7 was earned, or such earlier date upon which Final Awards are paid to Participants.
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Incentive Payment Date means, with respect to any calendar quarter or, in the case of Capital Gains Fees, calendar year ending after the date of this Memorandum, 74 days after the end of such quarter or year (or if such day is not a business day, the business day immediately preceding such 74th day).
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Incentive Payment Date means the date upon which a payment is to be made to a Participant under an Eligible Plan.
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Examples of Incentive Payment Date in a sentence

  • If, prior to the Incentive Payment Date, Employee terminates his employment without Good Reason or his employment is terminated by the Employer for Cause under Paragraphs 10(E), 12, 13, 14 or 15, Employee will not be entitled to the Retention Incentive.

  • Notwithstanding the foregoing, Employee specifically does not release or discharge and shall be entitled to all benefits under (i) section 6 of the Employment Agreement, (ii) all stock options previously granted to the Employee including the rights and benefits under all applicable stock option agreements and the Amendment to Stock Option Agreements of even date, and (iii) this Agreement.

  • You must be employed by your Employer on the Incentive Payment Date to receive the Relocation Incentive.

  • In the event the Employee’s employment terminates prior to the Incentive Payment Date due to Employee’s death, permanent disability, termination by the Employer without Cause or resignation by Employee for Good Reason, then the Retention Incentive shall be paid within fifteen (15) days after such termination.


More Definitions of Incentive Payment Date

Incentive Payment Date means the seventy-fifth day following the last day of the performance period during which the Final Award under Article
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Incentive Payment Date means the earlier of (i) April 1, 2001; (ii) a date upon which the Employee's employment is terminated by the Company without Cause such that the Employee is entitled to all compensation and benefits provided in Paragraph 6.D of the Agreement; or (iii) a date upon which the Employee resigns his employment with the Company for Good Reason such that the Employee is entitled to all compensation and benefits provided in Paragraph 6.D of the Agreement. For purposes of this Paragraph 3.E, "Divesting Event" shall mean any of the following: (i) the Employee's employment is terminated for Cause prior to April 1, 2001; (ii) the Employee voluntarily resigns his employment with the Company other than for Good Reason prior to April 1, 2001; (iii) if at any time after execution of the Amendment to Employment Agreement dated November 29, 2000 and prior to April 1, 2001 the Employee conveys to a third party or an authorized recruiter for such third party a genuine interest in a position of employment for himself with such third party; or (iv) if at any time after execution of the Amendment to Employment Agreement dated November 29, 2000 and prior to April 1, 2001 the Employee willfully fails to provide notice via voicemail to ▇▇▇▇▇ ▇▇▇▇ of Employee's receipt of any inquiry from a third party or an authorized recruiter for such third party regarding Employee's interest in a position of employment for himself with such third party. Prior to or concurrently with the execution of the Amendment to Employment Agreement dated November 29, 2000, the Company shall establish an irrevocable letter of credit, with a bank selected by the Company to provide for the payment to Employee of $750,000.00 on the terms and conditions of this Paragraph 3.E. The letter of credit is provided by the Company as security for the One-Time Incentive Bonus and the Employee retains all rights and full recourse against the Company if Employee is not paid the full amount of the One-Time Incentive Bonus under the letter of credit. Notwithstanding the provisions of this Paragraph 3.E, the Company shall take all commercially reasonable steps as soon as possible upon the effective date of the Amendment to Employment Agreement dated November 29, 2000 to arrange for and obtain an amendment to the letter of credit discussed in this Paragraph 3.E, extending the expiration date of such letter of credit to April 30, 2001.
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Related to Incentive Payment Date

  • Incentive Payment means the payments made pursuant to Section VII.E.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Deferred Sales Charge Payment Date means July 10, 2013 and the tenth day of each month thereafter through November 10, 2013.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and Executive are subject. An example of the calculation of the Bonus Payment is set forth below: Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and Executive is not subject to state income taxes. Further assume that Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 in Excise Taxes are payable. The amount of the required Bonus Payment is thus $100,000. The Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.