Lump-Sum or Installments. A participant may elect to receive distributions of the deferred compensation under the Plan in either # a lump sum or # a number of annual installments, not more than ten, as specified by the participant. If installment payments are elected, the amount of each installment shall be equal to the balance in the participant’s deferred compensation account divided by the number of installments remaining to be paid (including the installment in question). Elections under this [Section 6(a)] shall be made by the applicable deadline under [Section 8], except as otherwise permitted under [Section 12].
Annual installments over a term certain not to exceed years.
Annual. After the end of each fiscal year of Regional, and in any event within 120 days thereafter, # balance sheets and # statements of income of Regional and its Subsidiaries, prepared on a consolidated basis including a Special Purpose Subsidiary; together with:
approximately equal annual installments to last not more than 10 years.
In ten (10) annual installments commencing as of the First Date Available.
• An annual Board retainer of $100,000, payable in equal installments quarterly in advance; and
in annual installments over a period of years stipulated by him/her not to exceed ten (10). The amount of the installments will be determined by annually dividing the value of the benefits in the Account by the number of installments remaining to be paid.
Consulting Fees. Consultant shall receive annual consulting fees at the rate of $50,000.00 per year, payable in four (4) equal quarterly installments.
In the event that a Director's service on the Board terminates as a result of death, the beneficiary(s) designated by the Director (or failing such designation, the Director's estate), may elect to have the Director's DSU Account: # paid out in a lump sum as soon as practicable following the Director's death; or # paid out in annual installments up to an aggregate of ten (10) annual installments, commencing in the
Base Salary: The Company will pay the CFO an annual base salary of $225,000, payable in installments in the Company’s regular payroll periods.
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