Payout Schedule Sample Clauses
Payout Schedule. (a) The Company shall deliver to Parent (i) at least two (2) Business Days prior to the Closing Date, a schedule (the “Cash Consideration Payout Schedule”) showing the allocation among the Company Equity Holders of the Cash Consideration calculated in accordance with Section 2.2(b), (ii) at least two (2) Business Days prior to the Closing Date, a schedule (the “Equity Consideration Payout Schedule”) showing the allocation among the Company Equity Holders of the Estimated Equity Consideration calculated in accordance with Section 2.2(b), (iii) at least two (2) Business Days prior to the date such amount is payable, a schedule (the “Adjustment Amount Payout Schedule”) showing the allocation among the Company Equity Holders of the Remaining Amount or Excess Amount (and the Adjustment Escrow Property deliverable in connection therewith), if any, calculated in accordance with Section 2.2(b) and Section 2.5, (iv) at least two (2) Business Days prior to the date such amount is payable, a schedule (the “NCP Contingent Payment Remaining Amount Payout Schedule”) showing the allocation among the Company Equity Holders of the NCP Contingent Payment Remaining Amount, if any, calculated in accordance with Section 2.2(b) and Section 2.5 and (v) at least two (2) Business Days prior to the date such amount is payable, a schedule (the “Earn Out Payout Schedule”) showing the allocation among the Company Equity Holders of the Earned Earn Out Units, if any, calculated in accordance with Section 2.2(b) and Section 2.6 and (vi) at least two (2) Business Days prior to the date such amount is payable a Schedule (the “Additional Escrow Payout Schedule”) showing the allocation among the Company Equity Holders of the Additional Escrow Remaining Amount, if any, calculated in accordance with Section 2.2(b). Each of the schedules described in clauses (i) through (vi) above shall be calculated in a manner consistent with the Estimated Closing Adjustment Statement, as it may be adjusted prior to the Closing in accordance with Section 2.5(a). No fractional shares of Surviving Pubco Common Stock or fractional Surviving Company Membership Units shall be issued pursuant to this Agreement and each Company Equity Holder who would otherwise be entitled to a fraction of a share of Surviving Pubco Common Stock or Surviving Company Membership Unit (after aggregating all fractional shares of Surviving Pubco Common Stock or Surviving Company Membership Units, as applicable, that otherwise would be re...
Payout Schedule. To SM Energy’s Knowledge, Exhibit B identifies each Well that is subject to a change of ownership at payout or other contractual trigger at payout, and the reduced interest of SM Energy therein, subject to any Permitted Encumbrances. Schedule 3.16 identifies the payout status for each Well as of June 1, 2016, for ▇▇▇▇▇ operated by SM Energy and as of the most recent statement received from the operator of each Well not operated by SM Energy. Other than as identified on Schedule 3.16, since October 1, 2016, SM Energy has not elected or been deemed to have elected to “non-consent,” or failed to participate in, the drilling or reworking of a Well, any seismic program or any other operation which would cause SM Energy to lose or forfeit any interests in the ▇▇▇▇▇ constituting part of the Assets under any applicable operating agreement.
Payout Schedule. When Event Organizers start processing payments from Registrants, they will not receive their first payout until 7–10 days after the first successful payment is received. The first payout usually takes a little longer in order to establish the payment processor account. Subsequent payouts are then processed according to the Event Organizer’s account payout schedule. Payouts of an Event Organizer’s available account balance are made daily and contain payments processed two business days prior (i.e., payments are available two days after they are processed). For example, payments received on a Tuesday are paid out by Thursday, and payments received on a Friday are paid out by Tuesday.
Payout Schedule. The Bank will disburse funds to the User’s bank account according to the schedule the User selects (daily, weekly, or monthly). Users may request ad- hoc settlement at any time, by ACH transfer or by paper check. Regardless of the disbursement schedule selected by the User, the Bank will transfer funds to the User’s bank account no more than thirty (30) days after funds settle to the Bank, subject to any Reserve, as defined below, imposed under Section 14 below. If the Bank cannot transfer the funds to the User’s bank account (due to inaccurate or obsolete bank account information entered by the User, or for any other reason), MojoPay may refund the funds to the Purchaser or escheat them pursuant to Section 23 below. Neither the Bank, MojoPay, nor the Purchaser will have any liability to User for funds so refunded or escheated. Settlements to a bank account may be limited or delayed based on Your perceived risk and history with MojoPay. If You would like to request an increase to Your settlement limit, please contact MojoPay Support. Upon receiving this request, MojoPay will conduct a review of Your account. MojoPay will consider a variety of factors in making this decision and will make this determination at its sole discretion. Should MojoPay need to investigate or resolve any pending dispute related to Your Account, the Bank may defer payout or restrict access to Your funds for the entire time it takes Us to do so. The Bank may also defer payout or restrict access to Your funds as required by law or court order, or if otherwise requested by law enforcement or governmental entity. Furthermore, if MojoPay or the Bank suspects future Chargebacks or disputes because of Transactions to Your Account, the Bank may defer payout and/or restrict access to Your funds until MojoPay or the Bank reasonably believes, in their sole discretion, that the risk of receiving a Chargeback or dispute has passed. All settlements to Users are subject to review for risk and compliance purposes and can be delayed or postponed at MojoPay’s sole discretion.
Payout Schedule. The shares shall be issued according to the following schedule: 1 January 2025: 50,000 shares 1 June 2025: 50,000 shares
Payout Schedule. The term "Payout Schedule" refers to the time it takes for us to initiate settlement to your Payout Account. You will have the ability to withdraw the funds to your Payout Account at any time, or manually configure the Payout Schedule for automatic settlements.
9.1. Examples of situations where we may do so are: (i) where there are pending, anticipated, or excessive Disputes, Refunds, or Reversals; (ii) in the event that we suspect or become aware of suspicious activity; (iii) any relevant Payment Method Acquirer or a Payment Method Provider is in default where such default relates to a failure of any such Payment Method Acquirer or a Payment Method Provider to settle the funds related to your Transaction to us; or (iv) where we are required by Applicable Laws. We have the right to withhold settlement to your Payout Account (including upon termination of this Agreement) if we reasonably determine that we may incur losses resulting from credit, fraud, or other legal risks associated with your Merchant Account, Payment Method Acquirer or Payment Method Provider. If we exercise our right to withhold a settlement for any reason, we will communicate the general reason for withholding the settlement.
Payout Schedule. Your Award will vest and you will receive cash payments in accordance with the schedule in your Grant Summary (“Award Payments”). You will be deemed to have earned each Award Payment on the vesting date, and Dell shall make an Award Payment as soon as administratively practical following the vesting date which shall be no later than 60 days past each vesting date regardless of whether you are still employed by Dell as of the payment date. Except as expressly set forth herein, your eligibility to receive an Award Payment is conditioned upon your continued Employment as of the applicable vesting date. If your Employment is terminated by reason of your death or Permanent Disability (as defined in the Plan), your Award fully vests and Dell shall make your Award Payment as soon as administratively practical following your death or Permanent Disability. If your Employment is terminated by Dell under conditions which do not constitute Serious Misconduct, or you resign for Good Reason (as defined in your Protection of Sensitive Information, Noncompetition and Nonsolicitation Agreement dated August 12, 2016) , you will receive the amount which would be due to you if your employment had continued through the next vesting date (i.e., if your employment terminated on May 1, 2018, you would receive the Award payment for February 15, 2019) and Dell shall make that Award Payment as soon as administratively practical following such termination.
Payout Schedule. Attainment of Plan % of Salary Awarded -------------------- -------------------
Payout Schedule. Your Award will vest and you will receive cash payments in accordance with the schedule in your Grant Summary (“Award Payments”). Dell shall make an Award Payment as soon as administratively practical following the vesting date; provided that in no event shall any Award Payment be paid later than the fifteenth day of the third month following the end of the calendar year with respect to which the Award Payment was earned and not subject to forfeiture. Other than termination of Employment due to death or Permanent Disability (as defined in the Plan), your eligibility to receive an Award Payment is conditioned upon your continued Employment. If your Employment is terminated by reason of your death or Permanent Disability, your Award fully vests and Dell shall make your Award Payment as soon as administratively practical following your death or Permanent Disability. As used herein, the term “Employment” means your regular full-time or part-time employment with Dell or any of its consolidated Subsidiaries or affiliates, and the term “Employer” means Dell (if you are employed by Dell) or the consolidated Subsidiary or Affiliate of Dell that employs you. The total amount of your Award listed in your Grant Summary is denominated in U.S. dollars. Award Payments will be converted from U.S. dollars into your local currency prior to your payment date in accordance with Dell policy.
Payout Schedule. At least two (2) Business Days prior to Closing, the Company shall prepare and deliver to the Payment Agent and Parent a schedule which shall set forth a calculation of (a) an amount equal to the Merger Cash less the Escrow Cash to be distributed to the Escrow Contributors, (b) by Escrow Contributor, an amount equal to the Merger Cash less the Escrow Cash to be distributed to each Escrow Contributor and (c) by Escrow Contributor, the percentage of the Escrow Fund and the Defense Fund each Escrow Contributor may be entitled to receive following the One Year Escrow Termination Time and the Two Year Escrow Termination Time pursuant to the Payment Agent Agreement and subject to Section 1.8(b), such calculations to be based on the updated information provided in the certificate of the chief executive officer of the Company to be delivered pursuant to Section 6.2(c)(ii).