Payment Option Clause Samples

Payment Option. An ASF Member with an appointment of at least nine (9) months in duration may elect, at the beginning of the ASF Member’s appointment period, to have his/her salary paid over a twelve (12) month period.

Payment Option. Management Fees shall be paid in cash, except that subject to the requirements of Section 5.02.6 and Section 28.08 Manager may request, no later than thirty (30) days prior to the payment due date, by Notice to Lessee (such request to be subject to the approval of a majority of the Independent Directors of AHT, in their sole discretion, and to any applicable restrictions of a national securities exchange (including NASDAQ NMS and NASDAQ Small Cap) and to federal and state securities laws), payment of up to one-third (1/3rd) of its Base Management Fee and up to one hundred percent (100%) of its Incentive Fee, in the form of shares of common stock of AHT priced at the “Strike Price,” or in the form of stock options priced in accordance with the “Black-Scholes Model” (the “Payment Option Request”), as follows:

Payment Option. Through June 20, 2022 an ASF Member with an appointment of at least nine (9) months in duration may elect, at the beginning of the ASF Member’s appointment period, to have their salary paid over a twelve (12) month period. Effective July 1, 2022, an FLSA Exempt ASF Member with an appointment of at least nine (9) months in duration may elect to have their salary paid over a twelve (12) month period. In order to make this election, the ASF Member must provide written notice to the university’s Human Resources Office at the beginning of the ASF Member’s first pay period in the eligible appointment period. After June 30, 2022, FLSA Non-Exempt ASF Members will not be eligible for this payment option.

Payment Option. Bargaining Unit Members working less than 261 days per year shall have the option of being paid in twelve (12) equal payments per year through the Deferred Net Pay

Payment Option. Management Fees shall be paid in cash, except that subject to the requirements of Section 5.02.6 and Section 28.08 Manager may request, no later than thirty (30) days prior to the payment due date, by Notice to Lessee (such request to be subject to the approval of a majority of the Independent Directors of AHP, in their sole discretion, and to any applicable restrictions of a national securities exchange (including NASDAQ NMS and NASDAQ Small Cap) and to federal and state securities laws), payment of up to one-third (1/3rd) of its Base Management Fee and up to one hundred percent (100%) of its Incentive Fee, in the form of shares of common stock of AHP priced at the “Strike Price,” or in the form of stock options priced in accordance with the “Black-Scholes Model” (the “Payment Option Request”), as follows: A. Common Stock at “Strike Price”. The number of shares of common stock of AHP to be issued in lieu of the applicable Base Management Fees and/or Incentive Fee as noted in the Payment Option Request (the “Designated Fees”) shall be based upon the “Strike Price” of such common stock determined as follows: The term “Strike Price” shall be and mean the amount obtained (rounded upward to the next highest cent) by determining the simple average of the daily closing price of the common stock of AHP for the twenty (20) trading days ending on the last trading day of the calendar week immediately preceding the applicable payment due date on the New York Stock Exchange or, if the shares of such common stock are not then being traded on the New York Stock Exchange, then on the principal stock exchange (including without limitation NASDAQ NMS or NASDAQ Small Cap) on which such common stock is then listed or admitted to trading as determined by AHP or, if such common stock is not then so listed or admitted to trading the average of the last reported closing bid and asked prices on such days in the over-the-counter market or, if no such prices are available, the fair market value per share of such common stock, as determined by a majority of the Independent Directors of AHP in their sole discretion. The Strike Price shall not be subject to any adjustment as a result of the issuance of any additional shares of common stock by AHP for any purpose, except for stock splits (whether accomplished by stock dividends or otherwise) or reverse stock splits occurring during the 20 trading days referenced in the calculation of the Strike Price. Upon determination of the Strike P...

Payment Option. 1 Full payment Due August 1 Total payment -$50.00 discount Total payment - $5860.00

Payment Option. Bargaining Unit Members working less than twelve (12) months 5 per year shall have the option of being paid in either ten (10) payments per year (10-month 6 employees), eleven (11) payments per year (11-month employees), or be placed on salary 7 reserve.

Payment Option. From time to time, we may offer you the opportunity to skip a payment on your account(s). The offer, if made, will be reflected on your periodic statement as a message informing you that you can skip your payment for that month. Your choice to skip the payment will constitute your acceptance of the offer. As a result, your payments will resume the following month. Interest will continue to accrue at the interest rate in effect at that time for the related skip payment period. All other provisions of your credit agreement shall apply following the skipped payment. On a joint account, either member acting alone may accept the skip payment. Certain account exclusions may apply. CREDIT INSURANCE: Credit insurance is not required for any extension of credit under the Agreement. However, if available, you may purchase credit insurance through the Credit Union and have the premium added to the outstanding balance in your Account. If you elect to do so, you will be given the necessary disclosures and documents separately.

Payment Option. As an alternative to making the payments described under Section 2.2.1 and Section 2.2.2 above, in the event any Protected Asset Payment Default occurs in respect of any Protected Asset during the Protection Period with respect to such Protected Asset, the Seller may elect, with the prior written consent of the Company, to make a payment to the Company, in accordance with Section 2.6.1 below, in an amount (the “Upfront Protection Payment”) equal to (a) fifty percent (50%) of the sum of (i) the Carrying Value of such Protected Asset as of the date of such payment plus (ii) all accrued but unpaid interest on such Protected Asset (excluding any Additional Interest on such Protected Asset) as of the date of such payment less (b) the sum of (i) all Unrecovered Protection Payments in respect of such Protected Asset as of the date of such payment plus (ii) the total amount of Defaulted Payment Amounts for such Protected Asset that were applied against the Deductible. If the Seller intends to request the prior written consent of the Company to make any Upfront Protection Payment on any Protected Asset, the Seller shall provide notice thereof to the Company and the Acquiror within five (5) Business Days following the approval or deemed approval of the relevant Monthly Payment Report and failing such delivery of such notice, the Seller shall be deemed to have elected not to make such request to make any Upfront Protection Payment with respect to any Protected Asset with respect to such Monthly Payment Report.