Payout Year definition

Payout Year means the calendar year in which the payout contemplated by Section 5.4 is made or commences.
View Source
Payout Year shall refer to the year in which the payout of the lump sum occurs, which is the fiscal year that is immediately subsequent to the service year.
View Source

Examples of Payout Year in a sentence

  • For eligible NSF who have an active bargaining unit appointment during the 2018-2019 Payout Year, the University shall provide a one-time, non-base building, non-UCRP eligible lump sum payment on June 1, 2019 for semester campuses and July 1, 2019 for quarter campuses.

  • Year 1 Year 2 Year 3 Adjusted EBITDAMargin Resulting Percentage Payout Adjusted EBITDAMargin Resulting Percentage Payout Adjusted EBITDAMargin Resulting Percentage Payout Year 1 Year 2 Year 3 Year 1 Year 2 Year 3 The number of PSUs subject to vesting upon achievement of the Outstanding Final Achievement Percentage for each year, constitutes the maximum number of PSUs that can be vested for that year, even if performance exceeds the Outstanding Final Achievement Percentage level.

  • For eligible NSF who have an active bargaining unit appointment during the 2017-2018 Payout Year, the University shall provide a lump sum payment on June 1, 2018 for semester campuses and July 1, 2018 for quarter campuses.

  • For eligible NSF who have an active bargaining unit appointment during the 2016-2017 Payout Year, the University shall provide a lump sum payment on June 1, 2017 for semester campuses and July 1, 2017 for quarter campuses.

Related to Payout Year

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA;

  • First Year means the intake group of Students for the most junior class or year in a school.

  • 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.