PSU Payment Date definition

PSU Payment Date means the date on which payment is to be made to a Grantee in respect of a PSU Award following completion of the applicable Performance Period, which date shall be, except as otherwise contemplated in Section 6 of this Plan, as soon as practicable following completion of such Performance Period and in any event within thirty-one (31) days of the completion thereof;
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PSU Payment Date means the date on which payment is to be made to a Participant in respect of a PSU Award following the PSU Vesting Date, which date shall be, except as otherwise set forth in this Plan, where practicable, on the next pay period immediately following the PSU Vesting Date and in the event of termination of Participant’s employment (without Cause) under Sections 8(a) or 9(a) or (b) hereof, the next pay period immediately following the Corporation’s receipt of Participant’s fully executed release as contemplated hereunder, however at all times subject to Section 3(d) hereof;
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PSU Payment Date has the meaning set forth in Section 3.2(d).
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Examples of PSU Payment Date in a sentence

  • All such PSUs shall remain subject to the vesting, earning and forfeiture provisions of Paragraphs A.2 and A.3 and shall be paid on the original PSU Payment Date.

  • All PSUs that vest in accordance with the foregoing sentence shall remain subject to the earning and forfeiture provisions of Paragraph A.3 and shall be paid on the original PSU Payment Date.

  • All such vested PSUs shall remain subject to the earning and forfeiture provisions of Paragraph A.3 and shall be paid on the original PSU Payment Date.

  • Except in the case of death or Total Disability, the portion of the PSU Award with respect to which a Participant has satisfied the performance criteria will be payable in one payment on the PSU Payment Date.

  • For purposes of tax withholding pursuant to this Section 2.10, unless applicable laws and regulations dictate otherwise, the Company shall determine fair market value based on the closing price of a Share as reported on the New York Stock Exchange or other applicable public market on the business day immediately preceding the PSU Payment Date.

  • Following the last day of the Performance Period and prior to the payment of the earned and vested Performance Units on or about the PSU Payment Date, the Committee shall determine, and certify in writing to the extent deemed necessary or advisable or as required to comply with Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), (i) the extent to which the Performance Criteria have been achieved over the Performance Period, and (ii) the Final Multiplier.

  • Any such acceleration of the vesting of the Performance Units pursuant to this Section 1.3(b) will not result in an acceleration of the PSU Payment Date, because the number of Shares earned from the Performance Units shall be calculated after the completion of the Performance Period.

  • The normal vesting and payment provisions in Article I of this Agreement shall not be affected by the first sentence of this subsection if a Change of Control of the Company occurs but there is not also a Change of Control Termination with respect to the Participant’s employment with the Company or a subsidiary thereof on or before the PSU Payment Date.

  • Following the last day of the Performance Period and prior to the payment of the earned and vested Performance Units on or about the PSU Payment Date, the Committee shall determine, (i) the extent to which the Performance Criteria have been achieved over the Performance Period, and (ii) the Final Multiplier.

  • Any such continued vesting of the Performance Units pursuant to this Section 1.3(b) will not result in an acceleration of the PSU Payment Date (as defined in Section 1.4), since the number of Shares earned from the Performance Units shall be calculated after the completion of the Performance Period.

Related to PSU Payment Date

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.