Contingent Payments definition

Contingent Payments has the meaning set forth in Section 2.02(a).

Contingent Payments means all payments in the nature of compensation payable to (or for the benefit of) Executive which would otherwise be treated as “excess parachute payments” (within the meaning of Section 280G(b)(1) of the Code) determined as if the thresholds set forth in Section 280G(b)(2)(A)(ii) of the Code were satisfied with respect to Executive.

Contingent Payments shall have the meaning set forth in Section 3.1(b) hereto.

Examples of Contingent Payments in a sentence

• The Contingent Payments provision plainly provides that the key was the number of new claims ʺfiled or submittedʺ as of January 5, 2012.

• The Agreement expressly defines ʺNew Debris Removal Claimsʺ as those that have been ʺfiled,ʺ ʺasserted,ʺ or ʺserved.ʺ Neither the Contingent Payments provision nor the definition of ʺNew Debris Removal Claimsʺ uses the word ʺpendingʺ or any words equivalent thereto.

• On July 13, 2012, citing similar concerns, the district court held sua sponte that plaintiffsʹ counsel were not entitled to any portion of the Contingent Payments.

• The district court suggested that allowing plaintiffsʹ counsel to receive a portion of the Contingent Payments was unethical because it incentivized them to avoid taking on new clients.Defendants appeal the district courtʹs orders of December 30, 2012 and September 8, 2011, as they relate to the Bonus and Contingent Payments.

• Finally, we turn to the district courtʹs decision to bar plaintiffsʹ counsel from collecting fees with respect to the Bonus and Contingent Payments.

More Definitions of Contingent Payments

Contingent Payments shall have the meaning set forth in Section 2.4(f).

Contingent Payments shall have the meaning set forth in Section 16.

Contingent Payments has the meaning set forth in Section 2.08(b).

Contingent Payments means payments in the “nature of compensation” to (or for the benefit) of an Eligible Employee if such payment is “contingent on a change in the ownership or effective control of the corporation or in the ownership of a substantial portion of the assets of the corporation,” as such terms are defined in Section 280G of the Code and the Treasury Regulations thereunder.

Contingent Payments means collectively the Initial First Period Contingent Payments, the First Period Contingent Payments and the Second Period Contingent Payments.

Contingent Payments shall have the meaning set forth in SECTION 2.3.

Contingent Payments means consideration received or receivable by the Company, its employees, former or current Equity Interest holders, or any other parties in connection with a Change of Control in the form of deferred performance-based payments, “earn-outs”, indemnity holdbacks, or other contingent payments based on the future performance of the Company or any of its businesses or assets.