Retention Payment Date definition

Retention Payment Date means the date that is 11 months following a Change in Control. Notwithstanding anything herein to the contrary, for purposes of this Plan, the Executive shall be deemed to be employed on the Retention Payment Date and therefore entitled to receive the bonus payment provided by this Section 4 in the event the Executive experiences a Terminating Event after a Change in Control or within six months before a Change in Control.

Retention Payment Date or “Retention Payment Dates” shall be as defined in Section 3.1.

Retention Payment Date means the first anniversary of the date as of which a new Chief Executive Officer commences employment with the Company after the Effective Date.

Examples of Retention Payment Date in a sentence

• Notwithstanding anything herein to the contrary, for purposes of this Plan, the Executive shall be deemed to be employed on the Retention Payment Date and therefore entitled to receive the bonus payment provided by this Section 4 in the event the Executive experiences a Terminating Event after a Change in Control or within six months before a Change in Control.

• Said amount shall be paid in one lump sum payment no later than 31 days following the Retention Payment Date.

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• If prior to any Retention Payment Date, Executive’s employment is terminated: (i) by the Company as a result of a termination for Cause, or (ii) by Executive for any reason, the remaining portion of the Retention Payment which has not yet vested shall be immediately forfeited.

• Provided that the Executive is continuously employed by NU or one of its subsidiaries from the Closing Date until the third anniversary of the Closing Date (the “Retention Payment Date”), the Executive shall be entitled to receive the Retention Payment described in Section 2 hereof as soon as practicable, but in no event later than five business days, following the Retention Payment Date.

More Definitions of Retention Payment Date

Retention Payment Date has the meaning given to that term in Section 7.04(f).

Retention Payment Date shall be as defined in Section 3.1.

Retention Payment Date means (unless otherwise provided in a Participant’s Notice of Participation) the 90th day following the Offer Closing.

Retention Payment Date means, with respect to each respective Participant, the third anniversary of the Closing Date or such other date as is otherwise set forth on Exhibit A hereto in respect of that Participant, provided that the Committee in its discretion at any time may accelerate the Retention Payment Date in respect of any Participant.

Retention Payment Date means either the First Payment Date or the Second Payment Date, as applicable. "First Payment Date" shall mean the Closing Date and the "Second Payment Date" shall mean the date which is the six-month anniversary of the Closing Date.

Retention Payment Date means the date falling fifteen (15) days after the issuance of the proforma consolidated audited accounts of the Companies for the Financial Year ending 31 December 1999.

Retention Payment Date has the meaning given in Schedule 7;