Definition of Original Payment Date


Original Payment Date means, with respect to an Incentive Award Tranche, the date on which a Participant becomes vested in the Incentive Award Tranche.
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Examples of Original Payment Date in a sentence

This means that your Designated Payment Date will be given effect only if (a) you complete and return this Election Form at least twelve (12) months before the Original Payment Date, and (b) the Designated Payment Date is at least five (5) years from the Original Payment Date.
All payments which are delayed as provided in this subparagraph (c) shall accrue interest for the period from the Original Payment Date until the date such payment is actually made.
This means that payment of the Stock Units will be made as soon as practicable after the Original Payment Date regardless of your deferral election.
IMPORTANT: Please note that if the Original Payment Date is within twelve (12) months of the date you complete and return this Election Form then, due to Section 409A requirements, we cannot accept your deferral election and it will be deemed null and void.
All lump sum or monthly annuity payments which are delayed as provided in this subparagraph (c) shall accrue interest for the period from the Original Payment Date (or, in the case of the monthly annuity payments the first day of the month in which such payment was to be made) until the date such payment is actually made.