Payout definition

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.

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.

Examples of Payout in a sentence

• Indicative Value and Actual Payout Value-The PLP or ARB mentioned in your Compensation Structure is an Indicative Value and refers to the maximum eligible PLP or ARB that you are entitled for.-The Actual Payout Value depends on various factors including your individual performance, your team/unit performance and the overall company performance.

• Please attach an extra blank cancelled cheque or a clear photocopy of a cheque If MICR and IFSC code for Redemption/Dividend Payout is available all payouts will be automatically processed as Electronic Payout-RTGS/NEFT/Direct Credit/NECS.

• Electronic PaymentIt is the responsibility of the Investor to ensure the correctness of the IFSC code/ MICR code for Electronic Payout at recipient/destination branch corresponding to the Bank details mentioned in Section 3.

• For this portion of the award, each PSU shall, subject to the vesting provisions set forth in the Agreement and the Payout Governor, entitle the Grantee to receive Shares based on the levels of achievement in the following table.

• Payout at retirement for unused sick days: $175/day for a total not to exceed 132 days.

More Definitions of Payout

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 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 winnings earned on a wager.

Payout means the winnings that result from a wager.

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

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

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.