Timing and Form of Payment Sample Clauses

Timing and Form of Payment. 11.1 All payments to CLEC shall be made on the last business day of the month following the due date of the performance measurement report for the month for which payment is being made. 11.1.1 Notwithstanding Section 11.1, for Unbundled DS1-Capable Loops and EELs- DS1, CenturyLink QC shall compare for payment purposes the MR-8 calculated payment amount with the sum of the OP-5 and MR-7 calculated payment amounts, for the same performance data month, to determine whether the MR-8 payment amount or the combined OP-5 and MR-7 payment amount is the larger amount. In the event the two amounts are the same, the MR-8 payment amount will be considered to be the larger payment amount. Based on determination of the larger payment amount, CenturyLink QC shall pay either the MR-8 payment amount or both the OP-5 and MR-7 payment amounts. However, since the performance results for OP-5 and MR-7 are available one month later than the MR-8 performance results for the same performance data month, the applicable payments shall be made on the last business day of the month following the due date of the performance report for OP-5 and MR-7, except as allowed in Section 11.5. 11.2 All payments shall be by credits to CLEC bills. CenturyLink QC shall be allowed, after obtaining the individual agreement of CLEC, to make such payments through the use of electronic fund transfers to CLEC. However, once CenturyLink QC and CLEC agree on a method of payment (e.g., wire transfer or check), CenturyLink QC shall not change the method of payment without the permission of CLEC. CenturyLink QC shall be able to offset payments to CLEC with a ▇▇▇▇ credit applied against any non-disputed charges that are more than 90 days past due. 11.3 CenturyLink QC shall provide monthly payment information at the same time that the performance reports are due. Monthly payment information shall include the payment calculations. 11.3.1 Notwithstanding Section 11.3, for Unbundled DS1-Capable Loops and ▇▇▇▇- ▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇ shall provide the MR-8 monthly payment information at the same time that the payment information for OP-5 and MR-7 for the same performance data month is due, to allow for the applicable payment determinations for MR-8, OP-5, and MR-7 as stated in Section 11.1.1 above, except as allowed in Section 11.5. 11.4 In the case of late payments and underpayments, CenturyLink QC shall pay interest to CLEC calculated at the current Commission-prescribed customer deposit rate on the amount in quest...

Timing and Form of Payment. 5.1 Except as otherwise provided herein, once a Restricted Stock Unit vests, the Participant will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible after its associated Restricted Stock Unit vests, but no later than 2½ months from the end of the calendar year in which such vesting occurs, or at a later date elected by the Participant under Section 4.

Timing and Form of Payment. 5.1 Once an MSU is earned and vested and the Committee has certified in writing the achievement of the Performance Conditions or the MSU otherwise vests pursuant to Section 4.2 hereof, the Participant will be entitled to receive a Share in its place. Delivery of the Share will be made as soon as administratively feasible after its associated MSU vests, but no later than 2½ months from the end of the calendar year (a) that contains the last day of the Performance Period, or (b) in the case of a vesting event pursuant to Section 4.2 hereof, that contains the date in which the Participant’s Service terminated. Shares delivered under this Award Agreement shall be subject to the Company’s share retention policy, as in effect from time to time.

Timing and Form of Payment. Once a Unit vests, the Participant will be entitled to receive a Share in its place or, in the Committee’s discretion, an equivalent amount in cash (or partly in cash and partly in Shares). Delivery of the Shares or cash, as applicable, will be made as soon as administratively feasible following the vesting of the associated Unit, and in no event later than the sixtieth (60th) day following the applicable Vesting Date. Any Shares paid will be credited to an account established for the benefit of the Participant with the Company’s administrative agent. The Participant will have full legal and beneficial ownership of the Shares at that time.

Timing and Form of Payment. Subject to Section 1.1, the Company shall pay the Retention Bonus to the Executive in a lump sum as soon as administratively feasible following the earlier of: (1) the date of the Change in Control, (2) the date of a Going Private Transaction, or (3) the second anniversary of the Effective Date.

Timing and Form of Payment. (a) Subject to Section 1.1, the Company shall pay to the Executive: seventy-five percent (75%) of the Retention Bonus in a lump sum as soon as administratively feasible following the earlier of: (i) the date of a full and complete execution of a Definitive Agreement (the “Signing”); or (ii) January 27, 2007; provided, however, that Executive shall not be entitled to the payment contemplated in this Paragraph 1.2(a) unless the Executive exercises all reasonable efforts to support a Signing which contemplates a Change in Control or Going Private Transaction. (b) Subject to Section 1.1, the Company shall pay the Executive the remaining twenty-five percent (25%) of the Retention Bonus in a lump sum as soon as administratively feasible following the earlier of: (i) the date of the consummation of the transactions contemplated by the Definitive Agreement; or (ii) January 27, 2007, provided, however, that Executive shall not be entitled to the payment contemplated in this Paragraph 1.2(b) unless the Executive, after the Signing, exercises all reasonable efforts to support the consummation of the applicable Change in Control or Going Private Transaction and to cooperate with the Company to consummate the Change in Control (including, if so requested by the Company, providing assistance to the prospective buyer in obtaining financing for the Change in Control) or Going Private Transaction.

Timing and Form of Payment. (a) If payment to the Executive is due as a result of Section 1.1(a)(i), the Company shall pay to the Executive: (i) seventy-five percent (75%) of the Retention Bonus in a lump sum as soon as administratively feasible following the date of a full and complete execution of a Sale Transaction (the “Signing”); provided, however, that Executive shall not be entitled to the payment contemplated in this Paragraph 1.2(a)(i) unless the Executive exercises all reasonable efforts to support a Signing which contemplates a Sale Transaction; and (ii) the remaining twenty-five percent (25%) of the Retention Bonus in a lump sum as soon as administratively feasible following the earlier of: (A) the date of the consummation of the transactions contemplated by the Sale Transaction; or (B) January 27, 2007, provided, however, that Executive shall not be entitled to the payment contemplated in this Paragraph 1.2(a)(ii) unless the Executive, after the Signing, exercises all reasonable efforts to support the consummation of the Sale Transaction and to cooperate with the Company to consummate the Sale Transaction (including, if so requested by the Company, providing assistance to the prospective buyer in obtaining financing for the Sale Transaction. (b) If payment to the Executive is due as a result of Section 1.1(a)(ii), the Company shall pay to the Executive the Retention Bonus in a lump sum as soon as administratively feasible following the date a Change in Control occurs. (c) If payment to the Executive is due as a result of Section 1.1(a)(iii), the Company shall pay to the Executive the Retention Bonus in a lump sum as soon as administratively feasible following January 27, 2007. (d) If payment to the Executive is due as a result of Section 1.1(b), the Company shall pay to the Executive the Retention Bonus in a lump sum as set forth in Section 2.9(c) or Section 2.9(d), as applicable.

Timing and Form of Payment. Any Restricted Stock Units that become earned and vested shall be paid upon such vesting by issuance and delivery of one (1) Share for each Restricted Stock Unit that becomes earned and vested. Delivery of Shares shall occur as soon as administratively practicable after the applicable vesting date, generally within thirty (30) days (but in no event past March 15 of the year following the year in which the applicable vesting date occurs).

Timing and Form of Payment. The Grantee may be given the opportunity to timely elect to receive the Award pursuant to an election form, and subject to such terms and conditions set forth in such form as prescribed by the Committee (“Election Form”). The Grantee may timely elect to further defer receipt of the Award in such time and manner, if any, as prescribed by the Committee in its sole and absolute discretion. Notwithstanding anything herein to the contrary including the Grantee’s election pursuant to an Election Form, the Company reserves the right to pay the value of the vested Restricted Stock Units, to the extent not yet paid, to the Grantee in the form of shares of Common Stock or an equivalent cash payment at any time following vesting of the Award.