Payment of the benefit Sample Clauses

Payment of the benefit. If when employment termination occurs the Executive is a specified employee within the meaning of section 409A of the Internal Revenue Code of 1986, as amended, and applicable guidance thereunder (“Code Section 409A”), if the cash severance benefit under section 1(a) would be considered deferred compensation under Code Section 409A, and finally if an exemption from the six-month delay requirement of Code Section 409A(a)(2)(B)(i) is not available, payment of the benefit under section 1(a) shall be delayed and shall be made to the Executive in a single lump sum without interest on the first day of the seventh month after the month in which the Executive’s employment terminates.
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Payment of the benefit. If when employment termination occurs the Executive is a specified employee within the meaning of section 409A of the Internal Revenue Code of 1986, if the cash severance benefit under section 1(a) would be considered deferred compensation under section 409A, and finally if an exemption from the six-month delay requirement of section 409A(a)(2)(B)(i) is not available, payment of the benefit under
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Payment of the benefit will at all times be subject to production of information and evidence satisfactory to us. This may include:
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Payment of the benefit. If the Executive is a “specified employee” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) as of his termination of employment and the cash severance benefit under Section 1(a) of this Agreement is considered deferred compensation under Section 409A of the Code and an exemption from the six-month delay requirement for specified employees under Section 409A(a)(2)(B)(i) of the Code is not available, payment of the benefit under Section 1(a) of this Agreement shall be delayed and shall be made to the Executive in a single lump sum without interest on the first business day of the seventh (7th) month after the month in which the Executive’s employment terminates.
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Payment of the benefit. The insured capital shall be paid to the insured person in a single payment through the Contracting Party, after consolidation of the total and irreversible loss of autonomy, where this has been caused by an accident resulting in either the total loss of use of two upper or lower limbs, or total and incurable blindness. In all other cases, six months after consolidation of the total and irreversible loss of autonomy, the Company shall start paying the insured capital in monthly instalments, through the Contracting Party, either to the insured person, or to the insured person’s legal representative. There shall be twenty-four monthly instalments, the amount of each being equal to one twenty-fourth part of the capital in respect of death for which the insured person was covered at the time of the accident or illness causing the total and irreversible loss of autonomy. However, in the event of the death of the insured person while in a state of total and irreversible loss of autonomy, the Company shall pay the monthly instalments still outstanding, through the Contracting Party, if appropriate, in a single payment, to the beneficiaries of the insurance in the event of death. Insurance cover in the event of death shall cease on the date of consolidation of the total and irreversible loss of autonomy.
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Payment of the benefit. The Takaful Operator is liable to the Member if the Member is the one paying the Contribution. The Participant shall notify the Takaful Operator of any indebtedness due and owing by the Member to the Participant. The Takaful Operator shall deduct the amount due and owing to the Participant and pay the balance of the amount of benefit directly to the Member or any person entitled through the Member. If the Participant is paying the contribution, then the payment of benefit will be made to the Participant.
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Payment of the benefit. 1. The Implementing Organisation will pay the benefit to the beneficiary every month, subject to withholding of the statutory mandatory deductions.
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Payment of the benefit will at all times be subject to production of information and evidence satisfactory to us. This may include evidence through examination(s) of the child by a medical examiner appointed by us, a blood test, or any other medical investigation considered appropriate by our Chief Medical Officer, and sight of medical records concerning the child. Full details on how to make a claim can be found in condition 8 page 15
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Related to Payment of the benefit

  • Sole Benefit The rights and benefits set forth in this Agreement and the other Loan Documents are for the sole and exclusive benefit of the parties hereto and thereto and may be relied upon only by them.

  • Exclusive Benefit The foregoing conditions are for the exclusive benefit of the Purchaser and any such condition may be waived in whole or in part by the Purchaser delivering to the Vendor a written waiver to that effect signed by the Purchaser.

  • Exclusive Benefits Except as expressly provided in this Section 4 and subject to Section 5 hereof, the Executive shall not be entitled to any additional payments or benefits upon or in connection with the Executive’s termination of employment.

  • Payment of Salary and Receipt of All Benefits Employee acknowledges and represents that, other than the consideration set forth in this Agreement, the Company has paid or provided all salary, wages, bonuses, accrued vacation/paid time off, premiums, leaves, housing allowances, relocation costs, interest, severance, outplacement costs, fees, reimbursable expenses, commissions, stock, stock options, vesting, and any and all other benefits and compensation due to Employee.

  • Payment of Fee The cash management fee referred to in Clause 9.1 (Fee Payable) shall only be payable to the Current Issuer Cash Manager on each Payment Date in the manner contemplated by, in accordance with and subject to the provisions of the Current Issuer Pre-Enforcement Revenue Priority of Payments or, as the case may be, the Current Issuer Post-Enforcement Priority of Payments.

  • Timing of Reimbursements and In-kind Benefits If Executive is entitled to be paid or reimbursed for any taxable expenses under this Agreement, and such payments or reimbursements are includible in Executive’s federal gross taxable income, the amount of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year, and the reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was incurred. No right of Executive to reimbursement of expenses under this Agreement shall be subject to liquidation or exchange for another benefit.

  • Payment of Additional Amounts (a) All payments of principal of and premium, if any, and interest, if any, on all Securities and, with respect to any series of Securities to which the provisions of Article Fifteen shall apply, the Guarantee shall be free and clear of and without withholding or deduction for or on account of any present or future income, stamp or other tax, duty, levy, impost, assessment or other governmental charge of any nature whatsoever imposed or levied by or on behalf of the government of a Home Country Jurisdiction, any territory of a Home Country Jurisdiction or any authority or agency therein or thereof having the power to tax (collectively, “Taxes”), except to the extent such Taxes are required to be withheld or deducted by law or by the interpretation or administration thereof. If the Company or, with respect to any series of Securities to which the provisions of Article Fifteen shall apply, the Guarantor, is so required to withhold or deduct any amount for or on account of Taxes from any payment made in respect of the Securities or, with respect to any series of Securities to which provisions of Article Fifteen shall apply, the Guarantee, the Company or the Guarantor, as applicable, shall pay such additional amounts (“Additional Amounts”) as may be necessary such that the net amount received by each beneficial owner (including such Additional Amounts), after such withholding or deduction, shall not be less than the amount such beneficial owner would have received if the Taxes had not been withheld or deducted; provided that no Additional Amounts will be payable with respect to Taxes:

  • Distribution of payments to Creditor Parties Subject to Clauses 16.5, 16.6 and 16.7:

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