Interest on Deferred Amounts Clause Samples

Interest on Deferred Amounts. Upon payment of any amounts of compensation deferred for any period of time pursuant to this Section 14, Key shall pay to ▇▇▇▇▇ an additional amount equivalent to the interest that would have accrued on such deferred compensation if interest accrued thereon on a daily basis from the date on which that compensation would have been paid but for this Section 14 through the date on which that compensation is paid at a rate varying from month to month and equal to 50 basis points higher than the effective annual yield of the average of the Moody's Average Corporate Bond Yield Index for the previous month, as published by ▇▇▇▇▇'▇ Investor Services, Inc. (or any successor published thereto), or, if such index is no longer published, a substantially similar index selected by the Accounting Firm, with interest compounded as of the end of each month.
View SourceView Similar (4)
Interest on Deferred Amounts. Compensation that the Executive elects to defer shall be treated as if it were set aside in an account ("Account") on the date the compensation would otherwise have been paid to the Executive. Such Account will be credited with interest computed quarterly (based on calendar quarters) on the lowest balance in the Account during each quarter at the prime rate in effect according to The Wall Street Journal on the last day of each calendar quarter plus one percent. Interest for a calendar quarter shall be credited to the Account as of the first day of the following quarter.
View Source
Interest on Deferred Amounts. Compensation that an Executive elects to defer shall be treated as if it were set aside in an account ("Account") on the date the compensation would otherwise have been paid to the Executive. Such Account will be credited with interest computed quarterly (based on calendar quarters) as of the date of deferral in the Account during each quarter at such rate and in such manner as determined by the Board of Directors or its Compensation and Organization Committee. Unless otherwise determined by the Board of Directors or its Compensation and Organization Committee, interest to be credited hereunder shall be credited at Moody's Seasoned Corporate Bond Index Rate plus three (3) percent on the last day of each calendar quarter. Interest for a calendar quarter shall be credited to the Account as of the first day of the following quarter.
View Source
Interest on Deferred Amounts. The Employer hereby agrees that it will credit Deferred Amounts in the Employee’s Investment Account with interest thereon (“Interest”) from ___ after the dates Deferred Amounts are credited to the Retirement Account. Interest to Deferred Amount shall accrue commencing on the date the Investment Account first has a positive balance and shall continue up to the date Retirement Benefits, Disability Retirement Benefits, Death Benefits, or Termination Benefit commences hereunder. Interest shall be calculated as selected in Part F of the Adoption Agreement.
View Source
Interest on Deferred Amounts. Interest on the Employee’s Deferred Amounts hereunder shall be calculated as follows: Realized Rate on Plan Investments.
View Source
Interest on Deferred Amounts. For the period beginning on the ---------------------------- Start Date and ending on the December 31, 999, any amounts credited to the Account pursuant to Paragraph 1 above shall accrue interest at the rate of six percent (6%) per year compounded annually, from the date such amounts are credited to the Account until December 31, 1999. Thereafter, no interest shall accrue or be credited or paid with respect to any deferred compensation or the Account.
View Source
Interest on Deferred Amounts. Upon payment of any amounts of compensation deferred for any period of time pursuant to this Section 22, KeyCorp shall pay to Noal▇ ▇▇ additional amount equivalent to the interest that would have accrued on that deferred compensation if interest accrued thereon from the date on which that compensation would have been paid but for this Section 22 through the date on which that compensation is paid at a variable rate equal, in each calendar quarter, to the highest annual rate paid by Society National Bank on new IRA certificates of deposit issued in Cuyahoga County, Ohio on the first business day of that calendar quarter, compounded quarterly.
View Source

Related to Interest on Deferred Amounts

  • Interest on Deposits Any interest earned on cash deposits will be credited to CLEC in the amount actually earned or at the rate set forth in Section 8.7 below, whichever is lower, except as otherwise required by law, provided that, for elimination of doubt, the Parties agree that such deposits are not subject to state laws or regulations relating to consumer or End User Customer cash deposits. Cash deposits and accrued interest, if applicable, will be credited to CLEC's account or refunded, as appropriate, upon the earlier of the expiration of the term of this Agreement or the establishment of satisfactory credit with Qwest, which will generally be one full year of consecutive timely payments of undisputed amounts in full by CLEC. Upon a material change in financial standing, CLEC may request, and Qwest will consider, a recalculation of the deposit. The fact that a deposit has been made does not relieve CLEC from any requirements of this Agreement.

  • No Interest on Contributions No Partner shall be entitled to interest on its Capital Contribution.

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury ▇▇▇▇ Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the ▇▇▇▇ to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.