Definition of Policy Payment

  1. Policy Payment means a payment by Ambac pursuant to the terms and conditions of the Policy.

Examples of Policy Payment in a sentence

  1. To the extent that Company's purchase of, or payment of premiums with respect to, such policy or policies results in compensation income to Executive, Company shall pay to Executiv e an additional payment (the "Policy Payment") in an amount such that after payment by Executive of all taxes imposed on Executive with respect to the Policy Payment, Executive retains an amount of the Policy Payment equal to the taxes imposed upon Executive with respect to such purchase or the payment of such premiums.

Definition of Policy Payment in Insurance Agreement

Policy Payment means a payment by Ambac pursuant to the terms and conditions of the Policy.