Payout Amount definition

Payout Amount means the vested portion of the Final Amount expressed as shares of Stock underlying the RSUs.

Payout Amount means the vested portion of the Final Amount expressed as an amount of cash equal to the Fair Market Value of the shares of Stock underlying the RSUs and related Dividend Equivalents.

Payout Amount means any payout made under this Plan.

Examples of Payout Amount in a sentence

• For purposes of determining the Payout Amount of such Vested Restricted Share Units, the Market Price shall be calculated as of the Trading Day that is immediately prior to the date of the Change of Control.

• If no Payment Election is provided by the Participant in accordance with this Section 3.5(b), the Participant will be deemed to have elected to receive the Payout Amount upon the vesting of the applicable Restricted Share Units.

• If the Committee accelerates the Payment Criteria End Date of any Performance Share Units it shall provide at least 10 days’ prior written notice of such accelerated Payment Criteria End Date and any applicable Election Deadline to all affected Participants in order to permit such Participants to elect to receive the Payout Amount or Payout Shares in accordance with Section 4.6(b).

• A Payment Election must be made in respect of 100% of the Vested Restricted Share Units covered by the relevant Restricted Share Unit Grant Agreement (including, for greater certainty, all dividend equivalent Restricted Share Units credited on such underlying Restricted Share Units pursuant to Section 3.7 and must contemplate delivery of either the Payout Amount or Payout Shares in respect of all such Vested Restricted Share Units.

• The Payment Election to receive the Payout Amount or Payout Shares shall be delivered by the Participant on or before the Election Deadline for the applicable Restricted Share Units.

More Definitions of Payout Amount

Payout Amount means, for each Participant, a number equal to that Participant's Target Award multiplied by the applicable Payout Percentage.

Payout Amount is defined in Section 3.06(a)(iv) (Security).

Payout Amount means the amount paid out, after any foreign exchange conversion, to the Payee’s account exclusive of the Service Fee.

Payout Amount means the total amount of money in the Payout currency corresponding to the Payment Instructions.

Payout Amount means that sum of money determined to be due and owing to the Executive pursuant to the terms of any Executive Employment Agreement then in place between the Corporation and the Executive.

Payout Amount means the total amount payable to the Settling States by the Settlement Fund Administrator for each Payment Year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B. For the avoidance of doubt, this term does not include amounts paid pursuant to Section VIII and Section IX.

Payout Amount means an amount equal to the “Unpaid Amount” corresponding to the Vesting Date (each as set forth on Annex A to this Note) immediately preceding the date of the Qualifying Termination or Event of Default (as applicable) (provided, that, with respect to an Event of Default, such amount will also include any Default Amounts), plus accrued interest on such amount from such Vesting Date to the payment date, payable at a rate of 3% per annum computed on the basis of a 365 day year and paid for the actual number of days elapsed (including the first day but excluding the last day).