LUMP SUM OR INSTALLMENTS Clause Samples

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LUMP SUM OR INSTALLMENTS. A bonus under this section may be paid in a lump sum or in periodic installments, as determined by the Secretary concerned.
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LUMP SUM OR INSTALLMENTS. The purchase price for Option Shares shall be paid by the Company in full at the closing or, at the election of the Company, in equal annual installments, together with interest payable quarterly at the rate of interest announced publicly on the first day of each calendar quarter by a major United States money market bank, selected by the Company, as such bank's base rate, over a number of years to be determined by the Company but in no event exceeding five (5) years if the purchase is pursuant to Section 6.3 or Section 6.5, or ten (10) years if the purchase is pursuant to Section 6.4 or Section 6.6; provided, however, that the purchase price for any Option Shares purchased by the Company pursuant to Section 6.2 shall be paid in full at the closing.
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LUMP SUM OR INSTALLMENTS. A health professions bonus under subsection (a) may be paid in a lump sum or in periodic install- ments, as determined by the Secretary con- cerned. Board certification incentive pay under subsection (c) may be paid monthly, in a lump sum at the beginning of the certifi- cation period, or in periodic installments dur- ing the certification period, as determined by the Secretary concerned.
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LUMP SUM OR INSTALLMENTS. The purchase price for Restricted Shares shall be paid by the Company in full at the closing or, at the election of the Company, in equal annual installments, together with interest payable quarterly at the rate of interest announced publicly on the first day of each calendar quarter by a major United States money market bank, selected by the Company, as such bank's base rate, over a number of years to be determined by the Company but in no event exceeding five (5) years if the purchase is pursuant to Section 3.2, or ten (10) years if the purchase is pursuant to Section 3.3 or Section 3.4.
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LUMP SUM OR INSTALLMENTS. Assignment or special duty pay under subsection (a) may be paid monthly, in a lump sum, or in periodic installments other than monthly, as deter- mined by the Secretary concerned. If paid monthly, the Secretary concerned may pro- rate the monthly amount of the assignment or special duty pay for a member who does not satisfy the eligibility requirement for an en- tire month to reflect the duration of the mem- ber’s actual qualifying service during the month.
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Related to LUMP SUM OR INSTALLMENTS

  • Installments For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Lump Sum Payment If an individual JOC Task Order is scheduled for Completion within forty-five (45) days or less, the County will make one payment after thirty (30) days of Work to the Contractor, exclusive of retention. Contractor may request for one payment (including retention payment); however, payment will be made after Final Acceptance of the JOC Task Order.

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Lump Sum Payments The retiring allowance shall be paid in annual instalments, to a maximum of three