Target Payment definition

Target Payment means the amount payable to a Participant for a Performance Period upon the achievement of one of more Targets set by the Committee for that period.
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Target Payment shall have the meaning set forth in Section 7.2.3.
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Target Payment has the meaning given such term in Section 3(c).
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Examples of Target Payment in a sentence

  • BMS shall have the right to add up to two (2) additional Targets to the collaboration (each such target, an “Additional Target”), subject to payment of the Additional Target Payment, and further subject to the Excluded Target Process set forth in Section 3.3(c) (the “Additional Target Option”).

  • On the Redemption Date, the Company shall pay the Target Payment Amount to the Rights Agent (for the account of the Holders) by wire transfer of immediately available funds to such account as may be designated by the Rights Agent.

  • For each additional Proposed Target established thereafter as an Expansion Target pursuant to Section 2.10.2 above, in consideration of the rights granted by Arvinas to Licensee under this Agreement with respect to such Expansion Target, Genentech shall pay to Arvinas an Expansion Target Payment in accordance with the provisions of Section 2.10.2 above.

  • For clarity, no additional payments including Additional Target Payment shall be payable where BMS elects to designate a Substitute Target.

  • Performance Goals1 consist of non-GAAP operating profit.2 One third of the target dollar value (i.e., the Target Payment set forth in the Agreement) is based on performance in [YEAR 1], [YEAR 1]-[YEAR 2] cumulative, and [YEAR 1]-[YEAR 3] cumulative respectively.

  • ING Alternative Beta Fund 471392 ING Capital Allocation Fund 464722 ING Core Equity Research Fund 464723 ING Corporate Leaders 100 Fund 471161 ING Global Target Payment Fund 471174 ING Index Plus LargeCap Fund 464726 ING Index Plus MidCap Fund 464727 ING Index Plus SmallCap Fund 464725 ING Money Market Fund 464064 ING Small Company Fund 464729 ING Tactical Asset Allocation Fund 471160 ING Strategic Allocation Portfolios, Inc.

  • Each Additional Target Payment shall be payable within the earlier of: (i) [***] following the date that a revised Preclinical Plan is finalized and approved by the JRC to include the work on the applicable Additional Collaboration Target and (ii) [***] following the date that BMS is notified in writing in accordance with Section 3.3(d) above that the applicable Additional Collaboration Target is not an Excluded Target.

  • Upon the indefeasible payment in full by the Company of the Target Payment Amount to the Rights Agent, the CVRs shall be cancelled and of no further force and effect and shall thereafter represent only the right to receive such Holder’s pro rata share of the Target Payment Amount upon surrender of such Holder’s CVR to the Rights Agent.

  • The remaining Performance Share Units will be forfeited, and the number of Shares issuable in respect of the vested Pro Rata Portion of the Award (based on the vested Pro Rata Portion of the Target Payment Amount) shall be distributed in accordance with Section 3.

  • Notwithstanding any other provision of this agreement and other than in the case of fraud or wilful default, the maximum liability of Target to Bidder under or in connection with this agreement will be the amount of the Target Payment and no further damages, fees, expenses or reimbursements of any kind will be payable by Target under or in connection with this agreement.


More Definitions of Target Payment

Target Payment means, for each Plan Year within a Three-Year Segment, the amount which the Compensation Committee establishes before the commencement of that Three-Year Segment for payment to Participants in respect of that Plan Year. The Target Payment is expected to increase annually at a rate which is commensurate with the projected growth in consolidated net income over the Three-Year Segment. However, the Compensation Committee may prospectively modify the Target Payment for any Plan Year within such Three-Year Segment if, in the reasonable judgment of the Compensation Committee, a modification is appropriate in the light of all the facts and circumstances.
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Target Payment means the amount payable to a Participant for a Performance Period
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Target Payment means, with respect to any calendar quarter, the aggregate amount of all Project Target Payments for such calendar quarter plus the portion of the Project Target Payments for any previous calendar quarter that have not yet been distributed plus interest at 7% determined on an effective annual yield basis;
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Related to Target Payment

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Net Payment With respect to any Distribution Date on or prior to the Swap Contract Termination Date, an amount equal to the sum of (i) any Current Interest and Interest Carry Forward Amounts in respect of the Benefited Certificates, (ii) any Net Rate Carryover in respect of the Benefited Certificates, (iii) any Unpaid Realized Loss Amounts in respect of the Benefited Certificates and (iv) any Overcollateralization Deficiency Amount, in each case remaining unpaid (or in the case of Overcollateralization Deficiency Amount, remaining) following the distribution to the Benefited Certificates of Excess Cashflow and Credit Comeback Excess Cashflow pursuant to Section 4.04(c) of the Pooling and Servicing Agreement. With respect to any Distribution Date after the Swap Contract Termination Date, zero.

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • 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.

  • Earnout Payments has the meaning set forth in Section 2.2(a).