SEU Payments definition

SEU Payments means the amounts payable by the Company under the terms of the Stock Equivalent Units issued by the Company.

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Examples of SEU Payments in a sentence

• The Escrow Agreement shall make similar provision for the SEU Payments and the associated required income and employment Tax required to be withheld solely by reason of such payments with respect to each subsequent distribution of the Escrowed Funds.

• All SEU Payments shall be made in accordance with the terms and conditions of the SEU Plan.

• Promptly after the Closing (and in any event, no later than three (3) Business Days thereafter), and subject to Section 12.2, including with respect to any applicable withholding taxes, Buyer shall cause the Surviving Corporation to deliver to each SEU Holder such SEU Holder’s Pro Rata Share of the Aggregate SEU Payments less such SEU Holder’s Proportionate Share of (i) the Escrowed Funds and (ii) the Transaction Representative Funds.