Patronage Payment definition
Patronage Payment is the portion of each Member’s annual Patronage Distribution paid out to each Member as a cash payment.
Examples of Patronage Payment in a sentence
I understand that I am responsible for any tax liability for the credit or cash payment of my Patronage Payment.
If I cancel my Consumer-Member Subscription prior to the date of the allocation, my Patronage Payment shall be paid to me in cash.
I hereby consent that any Patronage Payment (as defined in the Bylaws) will be issued to me as a credit for future services, unless I opt out and request cash payment in writing to the Cooperative prior to February 28 of the allocation year.