Examples of Permissible Payment Date in a sentence
The amounts and property held in the Grantor Trust shall be paid/delivered to Employee in accordance with the terms of the Grantor Trust upon the (A) resolution of the applicable dispute and/or (B) payment/delivery date(s) specified in Section 4(d) or 4(f), as applicable (or, in any case, if required by Section 22, on the applicable Permissible Payment Date).
Notwithstanding the foregoing, all reimbursements relating to the Additional Delayed Payments (as hereinafter defined) shall be made on the Permissible Payment Date (as hereinafter defined).
On the Permissible Payment Date, all Delayed Payments will be paid to Executive in a lump sum.
The Company shall deposit additional amounts into the Grantor Trust on a monthly basis equal to the interest accrued on the Delayed Payments (and any earlier interest payments) at the United States 5-year Treasury Rate plus 2%, and the amount held in the Grantor Trust shall be paid to the Participant (in accordance with the terms of the Grantor Trust) on the Permissible Payment Date.
In such event, the amounts that would have been paid to you between the Date of Termination and the Permissible - 3 - Payment Date will be paid to you in a lump-sum upon or as soon as administratively practicable after the Permissible Payment Date, and the remaining amounts payable under this Retention Program will paid to you when due in accordance with the Retention Program.
The Employer shall reimburse the Eligible Employee for the reasonable after-tax cost of any benefits contemplated by this Plan incurred by the Eligible Employee in independently obtaining such benefits during the Delayed Period, with such reimbursement to be paid to the Eligible Employee by the Employer on the Permissible Payment Date.
Notwithstanding anything herein to the contrary, all reimbursements pursuant to this Section 2.5 shall be reimbursed by the Employer within 45 days (or, if applicable, on the Permissible Payment Date) following the date on which the Employer receives the applicable invoice from the applicable Eligible Employee (and approves such invoice) but in no event later than December 31st of the third calendar year following the year in which the Severance Date occurs.
Payments commencing upon Separation from Service shall begin within 90 days following the Permissible Payment Date, and payments commencing as of the date specified in a Participant’s In-Service Distribution Election shall begin within 90 days following the date specified in the Election Agreement, provided that, in all cases, the Participant shall not have the right to designate the year of payment.
In the event this Section 10 applies, the fair market value of the Restricted Shares Units shall be the fair market value, as determined in accordance with the Plan, on the Permissible Payment Date.
Notwithstanding anything herein to the contrary, all reimbursements pursuant to this Section 2.6 shall be reimbursed by the Employer within 45 days (or, if applicable, on the Permissible Payment Date) following the date on which the Employer receives the applicable invoice from the applicable Eligible Employee (and approves such invoice) but in no event later than December 31st of the third calendar year following the year in which the Severance Date occurs.