Time of Payment definition

Time of Payment has the meaning specified in Section 4(a).
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Time of Payment means (i) in the month of July following Separation from Board Service; (ii) in the month of July following the first anniversary of Separation from Board Service; or (iii) in the month of July following the Participant’s 72nd birthday. In addition, Time of Payment also may mean, in accordance with Section 7.05 of the Plan, payment within thirty (30) days after a Change of Control.
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Time of Payment. Net [**] days after the invoice is made by PSPL Location: 'Xxxxxxxxxx', 000 Xxxxxxxx Xxxxx Xxxx, Pune 411016 INDIA
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Examples of Time of Payment in a sentence

  • Time of Payment of ClaimsWe will pay benefits due under this Policy for any loss other than a loss for which this Policy provides any periodic payment immediately upon receipt of due written or authorized electronic proof of such loss.

  • Time of Payment: Invoices for payment shall be submitted to County by the first (1st) calendar day of the month to facilitate processing for payment in that same month.

  • Time of Payment of Claim: When are benefit payments issued?Indemnities payable under The Policy for any loss other than loss for which The Policy provides periodic payments will be paid as they accrue immediately upon receipt of due written proof of such loss.

  • Time of Payment of ClaimsWe will pay benefits due under this Policy immediately upon receipt of due written or authorized electronic proof of such loss.

  • Time of Payment from delivery of Engineer’s Interim Payment Certificate to the Employer.

  • Medium and Time of Payment: The exercise price shall become immediately due upon exercise of the Option and shall be paid in cash or check made payable to the Company.

  • Time of Payment of ClaimAfter we receive written proof of loss and process your claim, we will immediately pay any benefits due.

  • Payment of claim will occur immediately after Our receipt of due written Proof of Loss, regardless of what is stated in the Time of Payment of Claims, located in the Claim Provisions section of the certificate.

  • Written Notice of Claim and Time of Payment Because the amount of your Benefits is not conditioned on a Pre-Treatment Estimate decision by Delta Dental, all claims under This Plan are Post-Service Claims.

  • Time of Payment of Claims: We, or Our designated representative, will pay the claim after receipt of acceptable proof of loss.


More Definitions of Time of Payment

Time of Payment. Subject to the terms of the Agreement, payment of the value of each unit shall be made in cash in April, 2002, provided that the awardee was an employee of one of The Meditrust Companies on December 31, 2001. Schedule I Excise Tax Gross-Up -------------------- The determination of any additional payment payable pursuant to Section 4.3 of the Agreement shall be made in accordance with the following provisions:
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Time of Payment. Each party agrees to pay each invoice (with all such invoices to comply with the Goods and Services Tax Act 1985) received by it from the other party by the relevant date specified in this agreement or, if no such date is specified, by the 20th of the month following the month in which the invoice was received (Due Date).
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Time of Payment. The royalty shall be payable to Licensor by Licensee in United States dollars in 80 quarterly instalments in arrears, each instalment in an amount of US$250,000. The first instalment shall be made on December 30, 2004 and the remaining instalments shall be made every three months thereafter. All payments shall be made to such address as Licensor may form time to time designate.”
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Time of Payment. Employer contributions for any Plan Year may be paid to the Trustee in one sum or in several installments on any date or dates the Employer elects, provided that the Employer contribution for any Plan Year is paid in full before the date prescribed by law for filing the tax returns for the Employer's taxable year including extensions for which application has been timely made; provided, however, that the Employer contribution for any Plan Year is paid in full to the Trustee prior to or coincident with the date the Employer's tax return actually is filed. The Employer will pay the salary reductions and voluntary contributions made by payroll deduction elected by the Participants, if any, to the Trustee at the earliest date on which contributions reasonably can be segregated from the Employer's general assets, but no later than as required or permitted by applicable statute or regulatory requirements. FORM OF PAYMENT: Employer contributions may be made in cash or in property in which the Trustee is authorized to invest the Trust Fund, or both, subject to any restrictions or limitations provided in the prohibited transaction provisions of the Code and ERISA. Contributions of property other than cash will be subject to the approval of the Trustee and the Committee. If an investment manager has been appointed, contributions of property other than cash will be subject to the investment manager's approval in lieu of Trustee approval.
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Time of Payment means 10:30 a.m. on the Maturity Date if the Maturity Date is stipulated in this Agreement.
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Related to Time of Payment

  • Date of Payment means the date on which NYSERDA requisitions a check from its statutory fiscal agent, the Department of Taxation and Finance, to make a Payment.

  • Schedule of Payments means the schedule of payments disclosed on a Contract.

  • Place of Payment when used with respect to the Securities of any series, means the place or places where the principal of and any premium and interest on the Securities of that series are payable as specified as contemplated by Section 301.

  • weekly rate of pay means an employee’s annual rate of pay divided by 52.176.

  • Basic Rate of Pay means the incremental step in the Salaries Schedule applicable to an Employee in accordance with the terms of this Collective Agreement, exclusive of all premium payments.

  • Current rate of pay means the member's actual hourly, daily, weekly, biweekly, monthly, or yearly rate of pay converted to an annual rate as defined in final rate of pay. The rate shall be certified by the employer;

  • Tariff Payment means the payments to be made under Monthly Bills as referred to in Article 10 and the relevant Supplementary Bills;

  • Regular rate of pay means the rate of pay the employee was receiving at the time maternity leave commenced, but does not include retroactive adjustment of rate of pay, acting pay, overtime, shift premium or any other form of supplementary compensation.

  • hourly rate of pay means a full-time employee’s weekly rate of pay divided by thirty-seven decimal five (37.5); (taux de rémunération horaire)

  • Base rate of pay means the employee’s hourly rate of pay excluding any premiums, incentives, add-ons or rollups.

  • Annual Rate of Pay means, as of any date, an employee’s annualized base pay rate. An employee’s Annual Rate of Pay shall not include sales commissions or other similar payments or awards.

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Final rate of pay means the actual rate upon which earnings of an employee were calculated during the twelve (12) month period immediately preceding the member's effective retirement date, and shall include employee contributions picked up after August 1, 1982, pursuant to KRS 78.610(4). The rate shall be certified to the system by the employer and the following equivalents shall be used to convert the rate to an annual rate: two thousand eighty (2,080) hours for eight (8) hour workdays, one thousand nine hundred fifty (1,950) hours for seven and one-half (7.5) hour workdays, two hundred sixty (260) days, fifty-two (52) weeks, twelve (12) months, one (1) year;

  • Payment Business Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in Stockholm and Frankfurt am Main and on which the Clearing System settles payments in the Issue Currency.

  • daily rate of pay means an employee’s weekly rate of pay divided by five (5);

  • Actual Rate of Pay means, unless and until the Agency Worker has completed the Qualifying Period, the rate of pay which will be paid for all time worked during an Assignment for each hour worked, as set out in the relevant Assignment Details Form;

  • Ordinary rate of pay in Clause 17. - Annual Leave means the average rate the employee received for the four weeks preceding the taking of annual leave or the average rate received for the 12 months preceding such leave, whichever shall be the higher, provided that such average shall be computed taking into consideration any extra rates prescribed for night work, etc., and penalty rates for Sunday work where such work is part of the employee's normal working week of five days but excluding any amounts received by way of overtime or holiday penalty rates.

  • Proof of payment means, as applicable, a copy of the check, confirmation of credit card or debit card payment, confirmation of wire or ACH transfer, and any other information required to demonstrate that payment has been made according to the EPA requirements, in the amount due, and identified with the Respondent’s name and Docket No. FIFRA-04-2021-0714(b).

  • Monthly Record Date means the "Record Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions" in the Prospectus Part I for a Trust.

  • Payment Day means a day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets are open for business (including dealings in foreign exchange and foreign exchange currency deposits) in the principal financial centre for the Settlement Currency or if the Settlement Currency is euro, any day on which the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET) System is open;

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Actual QP Rate of Pay means the rate of pay which will be paid to the Agency Worker if and when s/he completes the Qualifying Period, as set out in any variation to the relevant Assignment Details Form;

  • Payment Date means the fifteenth (15th) day of each calendar month or, if such day is not a Business Day, the next succeeding Business Day.