Payment Value definition

Payment Value means the dollar amount assigned to a Performance Share which shall be equal to the Fair Market Value of the Common Stock on the day of the Committee's determination under Section 8(c)(2) with respect to the applicable Performance Period.

Payment Value means the Fair Market Value of a Share on the applicable vesting date. Payments hereunder shall be made in Shares, unless the Committee, in its discretion, determines to make such payments in cash or a combination of cash and Shares. The foregoing to the contrary notwithstanding, if the Participant’s Separation from Service occurs under any circumstances other than death, any such payment due by reason of such Separation from Service shall be delayed for six months from the date of the Participant’s Separation from Service if the Participant is a “specified employee” (as such term is defined in Section 409A(a)(2)(B)(i) of the Code) determined in accordance with the methodology established by the Company as in effect on the date of such Separation from Service.

Payment Value means with respect to a Performance Retention Share at any given time, the portion, if any, of such Performance Retention Share which a Participant has earned at such time under the applicable Payment Schedule during the Performance Cycle relating to that Performance Retention Share.

Examples of Payment Value in a sentence

• Families may be eligible for and receive both the High-Risk Screen and DCF-Involved Payment Value in addition to the Base Price Payment Value.

• Outcomes achieved for High Risk Families will receive the High Risk Screen Payment Value in addition to the Base Price Payment Value.

• Outcomes achieved for DCF-Involved Families will receive the DCF-Involved Payment Value in addition to the Base Price Payment Value.

• The Grantee hereby authorizes the necessary withholding by the Company to satisfy such tax withholding obligations prior to delivery of the Payment Value.

• Any taxes required by federal, state or local laws to be withheld by the Company in respect of the grant of Performance Units or payment of the Payment Value hereunder shall be paid to the Company by the Grantee by the time such taxes are required to be paid or deposited by the Company.

More Definitions of Payment Value

Payment Value of any Subject Hydrocarbons shall mean:

Payment Value means the value, expressed in dollars, of a performance unit at the conclusion of an Award Cycle, determined in accordance with Section 12.

Payment Value of any Subject Minerals shall mean:

Payment Value means, as of the end of each Performance Period, the value, expressed in dollars, of each Performance Unit issued under the Plan. The Payment Value will be determined by multiplying the target value by the percentage or percentages assigned to the level of the Company’s actual financial performance, based on the Performance Measures and based on associated percentages assigned to the various levels of performance of the Performance Measures at the beginning of the Performance Period. If the attainment of a Performance Measure occurs between the stated levels, the Payment Value will be determined by linear extrapolation.

Payment Value of each Prospective Payment shall be determined by discounting such Prospective Payment at the Reinvestment Rate for the period from the Payment Date on which such Prospective Payment was scheduled to be paid to the applicable Redemption Date.

Payment Value means the amount designated as the “Payment Value” in an Award Agreement.

Payment Value has the meaning assigned to it in the definition of Pro Rata Portion.