Payment Formula definition

Payment Formula means the formula set forth in ________ that determines the number of RSUs that shall vest pursuant to this Award Agreement based on whether, or the extent to which, the Performance Goals are achieved.
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Payment Formula means number of Reward Shares awarded to a Participant (as communicated to a Participant in an Award Letter) multiplied by the Performance Factor multiplied by the Payment Date Value of Common Stock.
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Payment Formula. Each municipality’s proportionate share of the District’s annual budget shall be computed as shown on schedule A attached. At the request of any Municipality, the Commission shall reexamine the methodology for calculation of the Municipalities’ contributions to the District to ensure that each Municipality’s share continues to be fair.
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Examples of Payment Formula in a sentence

  • Threshold Performance means the level of EBITDA Annual Growth for each Fiscal Year during the Performance Period set by the Committee that results in a 0% EBITDA Factor in the Payment Formula set forth in Section 1.4.

  • Target Performance means the level of EBITDA Annual Growth for each Fiscal Year during the Performance Period set by the Committee that results in a 100% EBITDA Factor in the Payment Formula set forth in Section 1.4.

  • Maximum Performance means the level of EBITDA Annual Growth for each Fiscal Year during the Performance Period set by the Committee that results in a 200% EBITDA Factor in the Payment Formula set forth in Section 1.4.

  • Maximum Performance means the level of Three-Year Cumulative EBITDA from Continuing Operations for the Performance Period set by the Committee that results in a 200% factor in the Payment Formula set forth in Section 1.4.

  • Years of City Service Payment Formula 10 years thru 14 years .50 * Current Base * number of work periods 15 years thru 19 years .75 * Current Base * number of work periods 20 years and over Current Base * number of work periods In no case shall the amount paid per day exceed the EMPLOYEE’S standard daily rate.

  • Payment Formula Subject to approval of Revenue Canada, the number of years over which the Nurse's salary is to be deferred shall be negotiated between the Nurse and the Chatham-Kent Public Health Unit.

  • Notwithstanding the foregoing, the Committee retains discretion at any time, upon notice to Participant, to revise whether, and in what manner, dividend equivalents will be deemed reinvested with respect to any future dividends.1.4 Payment Formula.

  • Approval of individual requests to participate in the plan shall be at the sole discretion of the Board.(ii) Payment Formula and Leave of Absence(a) During the term of the plan a participating employee will be paid grid salary and allowances as follows:Salary and Allowances Paid During Term* Note: Interest will be earned on the portion withheld and will be paid annually.

  • If any of the following circumstances occur, MPHA will review and adjust Rent and income in accordance with the Total Tenant Payment Formula.

  • Years of City Service Payment Formula 10 years thru 14 years .25 * Current Base * number of days 15 years thru 19 years .50 * Current Base * number of days 20 years thru 24 years .75 * Current Base * number of days 25 years and over Current Base * number of days In no case shall the amount paid per day exceed the Employee's standard daily rate.


More Definitions of Payment Formula

Payment Formula means the formula set forth in Attachment A that determines the number of PSUs that will vest pursuant to this Award Agreement based on whether, or the extent to which, the Performance Goals are achieved.
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Payment Formula means the Payment Amount payable in respect of the Amount Protected under the Cap-It Certificate. If the level of the Benchmark Interest Rate for the Calculation Period, expressed as an annual percentage, is not greater than the Cap Rate, expressed as an annual percentage, then the Payment Amount payable will be zero. However, if the level of the Benchmark Interest Rate for the Calculation Period, expressed as an annual percentage, is higher than the Cap Rate, expressed as an annual percentage, then the Payment Amount payable will be the sum of the level of the Benchmark Interest Rate for the Calculation Period less the Cap Rate then multiplied by (i) the Amount Protected, and (ii) the sum of the number of calendar days in the Calculation Period divided by 365. When expressed as a mathematical formula, the Payment Formula is calculated as follows: Terms:P = Payment Amount payable A = Amount ProtectedR = the level of the Benchmark Interest Rate for the Calculation Period, expressed as an annual percentage
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Related to Payment Formula

  • Infant formula means a food that is intended for con- sumption by infants.

  • Payout Formula means as to any Performance Period, the formula or payout matrix established by the Committee pursuant to Section 3.4 in order to determine the Actual Awards (if any) to be paid to Participants. The formula or matrix may differ from Participant to Participant.

  • Class Coupon Formula The formula specified for each Class of variable rate Notes, as set forth in Appendix I for Original Notes and Appendix II for MAC Notes.

  • Performance Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • Formula means the appropriate secondary road fund distribution formula or farm-to-market road fund distribution formula as defined in subrules 102.2(2) and 102.2(3).

  • Payment Schedule ’ means a schedule which sets out—

  • Payment Amount has the meaning specified in Section 6.1.

  • Fixed Coupon Amount means the amount specified as such in the relevant Final Terms.

  • Discount Factor means the percentage discount applied to additional APCs when more than one APC is provided during the same visit (including the same APC provided more than once). Not all APCs are subject to a discount factor.

  • Formula Price means the highest of: (a) the highest composite daily closing price of the Stock during the period beginning on the 60th calendar day prior to the Change of Control and ending on the date of such Change of Control, (b) the highest gross price paid for the Stock during the same period of time, as reported in a report on Schedule 13D filed with the Securities and Exchange Commission, or (c) the highest gross price paid or to be paid for a share of Stock (whether by way of exchange, conversion, distribution upon merger, liquidation or otherwise) in any of the transactions set forth in Section 9 of the Plan as constituting a Change of Control; provided that in the case of the exercise of any such Right related to an Incentive Stock Option, “Formula Price” shall mean the Fair Market Value of the Stock at the time of such exercise.

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.

  • Coupon Barrier Value means, in respect of a ST Coupon Valuation Date, Worst Value.

  • Multiplier means 1.0.

  • Payment Year means the calendar year during which the applicable Initial Year Payments or Annual Payments are due pursuant to subsection V.B. Payment Year 1 is 2022, Payment Year 2 is 2023 and so forth. References to payment “for a Payment Year” mean the Initial Year Payments or Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Initial Year Payments or Annual Payment due during that year.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Discount Fraction With respect to each Discount Mortgage Loan, the fraction expressed as a percentage, the numerator of which is the Discount Net Mortgage Rate minus the Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Discount Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a)) for such Mortgage Loan and the denominator of which is the Discount Net Mortgage Rate. The Discount Fraction with respect to each Discount Mortgage Loan is set forth as an exhibit attached to the Series Supplement.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Payment Method means a payment method that Stripe accepts as part of the Stripe Payments Services (e.g., a Visa credit card, Klarna).

  • AHYDO Catch-Up Payment means any payment on any Indebtedness that would be necessary to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163(i) of the Code.

  • Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Application for Final Payment means Contractor’s final invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted, amounts owing to adjustments to the final Contract Sum resulting from approved change orders, and release of remaining Contractor’s retainage.

  • Payment Plan means the schedule of payment prescribed in Schedule C;

  • Revenue Share means Government’s Share of Revenue.

  • Payment Dates means, with respect to any Receivable, the date a payment is due in accordance with the Receivable Agreement with respect to such Receivable as in effect as of the date of determination.