Payment Value Clause Samples

The Payment Value clause defines the specific amount or method for determining the amount that must be paid under a contract. It typically outlines whether the payment is a fixed sum, calculated based on measurable outputs, or subject to adjustment according to certain criteria such as milestones or deliverables. By clearly establishing how much is owed and under what circumstances, this clause ensures both parties have a mutual understanding of financial obligations, thereby reducing the risk of disputes over payment amounts.
Payment Value. For any Appreciation Right, the excess of its Note Value over its Initial Value.
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Payment Value. The above policy or policies shall insure the loss of the full payment due under this Agreement to Company and the amount of coverage shall be adjusted annually to reflect the projected amounts otherwise payable by Manager for an eighteen (18) month period. Manager shall be liable for fully deductible amount in the event of such loss.
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Payment Value. Payment Value shall be calculated by multiplying the number of Performance Shares by the level of achievement of Management Objectives expressed as a percentage, as determined by the intersect of the applicable coordinates for Management Objectives as set forth on Annex A to the respective Grant of Performance Shares, and further multiplied by the average Market Value of the Company's Common Stock for the last ten (10) trading days of the Performance Period. An example of this calculation would be as follows: The grant was 100 Performance Shares. The Market Value of the Company's Common Stock on the date of grant was $25.00. Therefore, the Performance Share Value for the Grant of Performance Shares was 100 x $25.00 = $2,500. The level of achievement of the Management Objectives for the Performance Period was 150% of the performance targets as determined from the intersect of the applicable coordinates for performance measures as set forth on the applicable Annex A. The number of Performance Shares is multiplied by 150% = 150 Performance Shares. The average Market Value of the Company's Common Stock for the last ten(10) trading days of the Performance Period was $35.00. The Payment Value to the Executive would be 150 Performance Shares x $35.00 = $5,250. If the level of achievement of the Management Objectives does not reach the minimum performance threshold, as set forth on such Annex A, the percentage of Performance Shares achieved will be 0%. If the level of achievement of the Management Objectives equals or exceeds the minimum performance threshold, the percentage of the Performance Shares achieved will range from 0% to 200% as set forth on such Annex A. However, in no event will the amount of Performance Shares exceed 200% of the Performance Share Award.
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Payment Value. As soon as practical after the close of the Performance Period, the Payment Value shall be determined for the Performance Units delivered to the Employee pursuant to this agreement.
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Payment Value. As soon as practical after January 1, 2009 a dollar value (“Payment Value”) shall be determined for each Performance Unit awarded to the Employee pursuant to this agreement. This determination shall be made by using a matrix specific to your business unit or group. For example, by using a matrix similar to one attached hereto as Attachment A, the per unit Payment Value shall be calculated by multiplying $1.00 by the percentage (“Award Factor”) located at the intersection of (1) the row of figures in horizontal line with and to the right of the average annual Return on Capital (“ROC” on said chart) actually achieved by the Business Unit for the Perfor­mance Period and (2) the column of figures in vertical line with and below the average annual growth rate actually achieved by the Business Unit.
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Related to Payment Value

  • Present Value Present Value shall be based only on the interest and mortality rates specified in the Adoption Agreement.

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Payment Amounts The aggregate Payments to be made in a fiscal year shall not exceed an amount equal to the corresponding Appropriated Amount (for example, for the Payments due on December 1, 2026 and on June 1, 2027, the aggregate maximum amount of such Payments would be determined by the Appropriated Amount determined for certification by December 1, 2025). Furthermore, the amount of each such Payment shall not exceed the Annual Percentage of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” payments from the State of Iowa for property tax credits or roll-back) actually received by the City from the Marshall County Treasurer attributable to the taxable incremental valuation of the Property in the six (6) months immediately preceding such Payment due date.

  • ▇▇▇▇▇▇▇▇▇ Payment The Company shall pay to you the following amounts: i. the Accrued Obligations, which shall be paid to you in a single lump sum cash payment within fifteen (15) calendar days of the Date of Termination; ii. the Pro Rata Bonus, which shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; iii. an amount equal to the product of (A) 2.0 times (B) the sum of (1) your Adjusted Base Salary plus (2) the greater of (x) your Target Bonus or (y) the average of the annual bonuses paid or to be paid to you with respect to the immediately preceding three (3) fiscal years, which amount shall be paid to you in a single lump sum cash payment no later than the later of (i) fifteen (15) calendar days following the Date of Termination or (ii) the effective date of the Waiver and Release; iv. if you had previously consented to the Company’s request to relocate your principal place of employment more than forty (40) miles from its location immediately prior to the Change of Control, all unreimbursed relocation expenses incurred by you in accordance with the Company’s relocation policies, which expenses shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; and v. the Other Benefits, which shall be paid in accordance with the then-existing terms and conditions of such plans, programs or policies.

  • 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.