Interim Payout definition
Interim Payout means the amount of any payment made to a Participant prior to the expiration of the Measurement Period. The rules for the calculation of this amount are set forth in Section 6.2 (b).
Examples of Interim Payout in a sentence
If the Corporate Divestiture is determined on a ------------- current stand-alone basis in accordance with Section 1.12.2, then the interim payout amount shall be calculated as follows: X = (A - Z) x B, where X = Interim Payment, A = Total Interim Payout, Z = All prior interim payments made to ▇▇▇▇▇ pursuant to this ARTICLE FOUR, and A = The percentage of asset values or revenue levels (whichever is the greater) which the Corporate Divestiture represents on a stand-alone basis.