Payout definition

Payout means that time at which cash distributions have been made by the Limited Partnership to the Unit Holders (together with their predecessors in interest) pursuant to Section 5.1 of the Limited Partnership Agreement (together with any distributions to such Unit Holders pursuant to Section 3.3 of the Limited Partnership Agreement), in an aggregate amount equal to the Unit Holders' Subscriptions to the Limited Partnership.

Payout means the earliest calendar month during which CWEI shall have received cumulative cash proceeds relating to all Designated Property (but only taking into account proceeds received with respect to a Designated Property after such Designated Property became subject to this Agreement) in an aggregate amount equal to the sum of (i) the Acquisition Costs, Well Costs and other expenses incurred by CWEI relating to the Designated Property, plus (ii) an annual internal rate of return on such costs equal to the Agreed Rate. For this purpose, each proceed and expense shall be deemed to have been made on the last day of the month during which it was received or made.

Payout means any amount paid by the Company or any of its Subsidiaries over US$20,000,000 in order to either (i) settle; (ii) satisfy a judgement; or (iii) acquire the disputed minority non-controlling interest; in connection with the claim set forth in Section (r)(4) of the Company Disclosure Letter.

Examples of Payout in a sentence

• Effective as soon as practically and legally possible, the Commonwealth will adopt a tax-qualified Leave Payout Plan.

• Payout for the award will be made at the same time as payment would have been made had Participant not had a termination of employment.

• All employees age 55 or over who separate from service after adoption of the Leave Payout Plan shall have the leave payouts otherwise payable for accumulated and unused Annual Leave, Compensatory Leave, Holiday Leave and Sick Leave, up to the maximum allowable by law, deposited in an account in the employee’s name, provided however that if the total amount of leave payout is $5000 or less, this amount shall be paid to the employee in cash.

• All Supervisors who attain age 55 before or during the calendar year they separate from service after adoption of the Leave Payout Plan shall have the leave payouts otherwise payable for accumulated and unused Annual Leave, Personal Leave, Compensatory Leave, Holiday Leave and Sick Leave, up to the maximum allowable by law, deposited in an account in the Supervisor’s name, provided however that if the total amount of leave payout is $5000 or less, this amount shall be paid to the Supervisor in cash.

More Definitions of Payout

Payout means the drop less the amount of the casino licensee win.

Payout means the earliest calendar month during which the General Partner shall have received distributions pursuant to Section 6.04 in an aggregate amount equal to the sum of (i) the cumulative Capital Contributions made by the General Partner pursuant to Section 5.01, plus (ii) an annual rate of return on such Capital Contributions equal to the Agreed Rate. For this purpose, each distribution and Capital Contribution shall be deemed to have been made on the last day of the month during which it was made or received.

Payout means the date on which the Equity Account balance of each of the Participants has become zero or a negative number, regardless of whether the Equity Account balance of either or both Participants subsequently becomes a positive number. If one Participant's Equity Account balance becomes zero or a negative number before the other Participant's, "Payout" shall not occur until the date that the other Participant's Equity Account balance first becomes zero or a negative number.

Payout means the winnings that result from a wager.

Payout means the winnings earned on a wager.

Payout means that time at which cash distributions have been made by the Partnership to the Unit Holders (together with their predecessors in interest) in an aggregate amount equal to $100 for each whole Unit held by each such Unit Holder.

Payout means the distribution of vested Deferred Stock under the Plan.