Payment Share definition

Payment Share means Shares, Restricted Stock, Restricted Stock Units or Other Share-Based Awards granted solely in lieu of the cash payment of the employee-deferral portion (and the earnings on such portion) of a Participant’s account under a nonqualified deferred compensation plan or similar arrangement of the Company, on a dollar-for-dollar basis based on the Fair Market Value of such Shares, Restricted Stock, Restricted Stock Units or Other Share-Based Awards at the time of payment; for the avoidance of doubt, a “Payment Share” shall not include any grant made in payment of any Company contribution (or the earnings thereon) under a nonqualified deferred compensation plan or similar arrangement of the Company regardless of whether such payment is made in lieu of cash.
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Payment Share means, with respect to a particular Lender at a particular time, the ratio of Outstanding Accommodation of such Lender at such time to the aggregate of Outstanding Accommodations of all of the Lenders at such time.
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Payment Share of any Borrower shall be the product of (a) the aggregate amount of such Joint Obligations remaining unpaid on the date such Joint Obligations become due and payable in full, whether at stated maturity, acceleration, or otherwise (the "Determination Date"), times (b) a fraction, the numerator of which is the balance of all moneys and consideration directly or indirectly advanced to or received by such Borrower pursuant to this Agreement net of all repayments thereof made by such Borrower, measured as of the Determination Date, and the denominator of which is the aggregate of all moneys and other consideration directly or indirectly advanced to or received by all Borrowers (other than the Underpaying Borrower) under this Agreement, net of all repayments thereof by all such Borrowers measured as of the Determination Date.
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Examples of Payment Share in a sentence

  • The Payment Shares are being issued at a deemed value of $0.25 per Payment Share.

  • Executive’s acceptance of the Payment Shares will be deemed an acceptance in lieu of and a waiver of the right to the amount of Base Salary on which the Payment Share calculation was based.

  • If ▇▇▇▇▇▇'▇ Actual Payment Share is greater than the ▇▇▇▇▇▇ Escrow Share, Participating Contract Counsel (other than ▇▇▇▇▇▇) shall be obligated to pay to ▇▇▇▇▇▇ an amount sufficient to ensure that ▇▇▇▇▇▇ receives ▇▇▇▇▇▇'▇ Actual Payment Share.

  • The Payment Shares are being issued at a deemed value of $0.50 per Payment Share.

  • If ▇▇▇▇▇▇'▇ Actual Payment Share is less than the ▇▇▇▇▇▇ Escrow Share, each Participating Contract Counsel (other than ▇▇▇▇▇▇) shall be entitled to receive a percentage of the difference between the amount of ▇▇▇▇▇▇'▇ Escrow Share and ▇▇▇▇▇▇'▇ Actual Payment Share equal to its respective Fee Percentage, with the remainder, if any, to be returned to Settling Defendants in proportion to their respective contributions toward such amount.

  • If the Excess Payment Share allocated to a SPV would exceed the Share Threshold of that SPV (hereinafter referred to as the “Second Excess Payment”), the Second Excess Payment shall be allocated to the SPVs remaining up to their Share Threshold (hereinafter referred to as the “Second Excess Payment Share”).

  • Some share account types do not permit withdrawal transfers, such as the Loan Payment Share and the Holiday Club Share, while others may not permit any transactions at all, such as Individual Retirement Accounts and Share Certificates.

  • The Administrative Agent will promptly notify each Bank of its receipt of any such prepayment, and of such Bank’s Pro Rata Payment Share of such prepayment (which share may be affected by the allocation rules set forth in Section 2.11 with respect to Defaulting Banks).

  • To the extent a PlantX Shareholder is to receive a fractional Payment Share, that entitlement shall be rounded down to the nearest whole number and no consideration shall be payable therefore.

  • The Participant, or a transferee of the Participant, shall have no rights as a shareholder of the Company with respect to any Payment Share for which his or her SAR is exercisable until the date of the issuance of such Payment Share.


More Definitions of Payment Share

Payment Share means any one of them.
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Related to Payment Share

  • Payment Shares has the meaning set forth in Section 2.02;

  • VWAP Purchase Share Amount means, with respect to a VWAP Purchase made pursuant to Section 3.1, the number of Shares to be purchased by the Investor in such VWAP Purchase as specified by the Company in the applicable VWAP Purchase Notice, which number of Shares shall not exceed the applicable VWAP Purchase Maximum Amount.

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).