Deferred Payment Option definition

Deferred Payment Option means the Net Participant Incentive payments (if any) to be received by the Participant from the IESO after the In-Service Date, as further described in Appendix 1.
View Source
Deferred Payment Option means an initial advance to the Seller by GrainCorp or its assignee of approximately 70% of the First Payment Price less all estimated Expenses (or as agreed) to be paid in July, with Final Payment then made by GrainCorp or its assignee to the Seller upon Finalisation.
View Source
Deferred Payment Option with respect to any Common Shareholder, shall mean the option for such Common Shareholder to receive, subject to Section 1.12, the Merger Consideration to which such Shareholder is entitled under Section 1.7 from Parent; and with respect to any Optionholder, shall mean the option for 1. Following the Effective Time, a pro rata share of any Deficit Election Amount, as set forth in Section 1.8(b) hereof and, with respect to any Company Option, less any required withholding or deduction and the amount of the exercise price thereof (“Closing Deferred Election Consideration”). 2. Upon the first anniversary of the Closing Date, a pro rata share of the First Installment Payment, subject to the rights of the Closing Common Electees and the Closing Option Electees to recover any Excess Election Amount and the First Installment Closing Election Consideration, and, with respect to any Company Option, less any required withholding or deduction and, to the extent necessary, the amount of the exercise price thereof (“First Installment Deferred Election Consideration”). 3. Upon the second anniversary of the Closing Date, a pro rata share of the Second Installment Payment, subject to the rights of the Closing Common Electees and the Closing Option Electees to recover any Excess Election Amount and the Second Installment Closing Election Consideration, and, with respect to any Company Option, less any required withholding or deduction and, to the extent necessary, the amount of the exercise price thereof (“Second Installment Deferred Election Consideration”). 4. Within five (5) business days after the written certification by each of an authorized officer of Parent and the Shareholders’ Representative that any claim for indemnification pursuant to Section 9.1 for which amounts were reserved and not paid to the Shareholders upon the first or second anniversary of the Closing Date, as applicable, has been resolved, an amount in cash (without interest) equal to the quotient obtained by dividing (A) such Common Released Indemnification Payment by (B) the Common Share Amount, and, with respect to any Company Option, less any required withholding or deduction. Such written notice may be provided with respect to any such indemnification claim at any time after the first anniversary of the Closing Date.
View Source

Examples of Deferred Payment Option in a sentence

  • If the Director elects the Deferred Payment Option or to receive payments in equal monthly installments, the Company shall continue to credit interest on the remaining account balance during any applicable installment period fixed at the rate in effect under Section 3.1.2 on the date of the Director' s Termination of Service.

  • If the Executive elects the Deferred Payment Option or to receive payments in equal monthly installments, the Company shall continue to credit interest on the remaining account balance during any applicable installment period fixed at the rate in effect under Section 3.1.2 on the date of the Executive's Termination of Employment.

  • If the Executive elects the Deferred Payment Option or to receive payments in equal monthly installments, the Company shall continue to credit interest on the remaining account balance during any applicable installment period fixed at the rate in effect under Section 3.1.2 on the date of the Executive' s Termination of Employment.

  • If the Director elects the Deferred Payment Option or to receive payments in equal monthly installments, the Company shall continue to credit interest on the remaining account balance during any applicable installment period fixed at the rate in effect under Section 3.1.2 on the date of the Director's Termination of Service.

  • Either party shall have the right to discontinue the Deferred Payment Option at any time; provided that the terminating party provides the other party with reasonable written notice, which will not be less than ten (10) business days.

  • Company will evaluate the creditworthiness of each applicant for the Deferred Payment Option and will be solely responsible for making the decision to extend or deny the Deferred Payment Option, in Company’s sole discretion.

  • Company alone shall bear the risk of collection on any accounts on which Company elects to sell Products with the Deferred Payment Option.

  • Section 10.2.2 Registered Claimants who elect to participate in the Deferred Payment Option shall be entitled to a Registration Payment on a first-in first-out basis, subject to the availability of funds in the QSF to effectuate payment to Registered Claimants.

  • Company shall comply with all applicable laws, rules and regulations in connection with the offering and implementation of the Deferred Payment Option, and shall provide all applicable notices required in connection with any adverse credit decision or other action.

  • Microsoft acknowledges that Company requires that Customers requesting the Deferred Payment Option present a valid credit card in good standing at the time of the order.


More Definitions of Deferred Payment Option

Deferred Payment Option means the Net Participant Incentive payments (if any) to be received by the Participant from the LDC after the In-Service Date where the Participant elects, the deferred incentive payment option and paid to the Participant in accordance with Appendix 1.
View Source
Deferred Payment Option shall have the meaning set forth in Section 1.8(c)(ii).
View Source
Deferred Payment Option means the payment option specified in clause 7.
View Source

Related to Deferred Payment Option

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Payment Date for a Participant means the date after the Restricted Period in respect of Restricted Share Units which is the earlier of (i) the date which the Participant has elected to defer receipt of the underlying Shares in accordance with Section 4.5 of this Plan; and (ii) the Participant's Separation Date.

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred payment agreement means an agreement in which no installment payments are required

  • Deferred Amount With respect to any Distribution Date and each Class of the Subordinate Certificates, the amount by which (x) the aggregate of Applied Loss Amounts previously applied in reduction of the Class Principal Amount thereof exceeds (y) the sum of (1) the aggregate of amounts previously reimbursed in respect thereof and (2) the amount by which the Class Principal Amount of such Class has been increased due to any Subsequent Recovery.