Example ContractsClausesAnnual Installments
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Installments. If the subaccount established within a Participant’s Deferral Account for Fees is payable in installments, distribution of the applicable subaccount shall commence on the Distribution Date applicable to such subaccount and be paid thereafter in annual payments on each anniversary of the Distribution Date over the period specified on such Participant’s applicable Election Form (each a “Payment Date”). The annual payment of such subaccount to be made to the Participant on each annual Payment Date shall be equal to a percentage of his relevant Deferral Account for Fees subaccount balance on the relevant Payment Date, determined by dividing such subaccount balance at the applicable Payment Date by the total remaining years of the payment term. If the Director fails to select an installment election, then the default distribution form shall be in a lump sum in accordance with [Section 5.1(a)(i)].

Installments. A series of annual installments made over either five (5) years or ten (10) years commencing at a time provided under [Section 5.2.2(a) or (b)])]. For purposes of Code section 409A, installment payments will be treated as a series of separate payments at all times.

Installments. If a Participant elects distribution in the form of instalment payments, the installments shall be calculated using the declining account balance method. The distribution of each installment shall be in whole shares (rounded down). Any fractional shares shall be distributed in cash.

Installments. Notwithstanding the foregoing, a Participant may elect in the form and manner designated by the Committee, that payment of his or her Basic Deferrals for a Plan Year be made in annual installments over a period of not more than ten (10) years with such payments commencing not earlier than the first business day of the month occurring three full calendar months following the event giving rise to the distribution and not later than the close of the Plan Year during which such three month period ends or any such later date as may be permitted under Code section 409A. Such election must be made to the Committee at the same time that the Participant makes his or her Basic Deferral Elections for such Plan Year in accordance with of [Section III]. Any such installment payment election with respect to salary deferred by a Participant for a Plan Year shall also apply with respect to the Matching Deferrals credited on account of such salary deferrals, any Company Retirement Deferrals credited on behalf of the Participant for the Plan Year, and any Transitional Deferrals for the Plan Year. Any such installment payment election with respect to Performance-Based Compensation deferred by a Participant for a Plan Year shall also apply with respect to the Matching Deferrals credited on account of such Performance-Based Compensation deferral for the Plan Year.

Installment payments shall be paid in three (3) annual installments, in five (5) annual installments or in ten (10) annual installments, as specified in the applicable Deferral Agreement.

o 10 annual installments

In ten (10) annual installments commencing

Exercisability. Subject to [Section 8(d)], Options shall become exercisable in four equal annual installments commencing on the first anniversary date of the grant.

Death benefits under this [Section XX(b)] shall take into account only Benefit Service and Compensation as of death (or the Termination Date, if earlier). Such death benefits shall be paid in 10 equal annual installments (the amount determined under paragraph [(1), (2) or (3)])])] as applicable, divided by 10). The first annual installment shall be paid as of the first day of the month following three completed calendar months after death. The remaining nine annual installments shall be paid as of the anniversary of the date in the preceding sentence.

equal installments, the first three of which shall be three-month, sixth-month, and nine-month anniversaries of the date of grant, and the last of which shall be the date of the next annual stockholder meeting. Subject to the Terms, the restricted stock units constituting the Annual Grant for an Annual Eligible Director will vest and settle (unless otherwise elected by the Annual Eligible Director) on the date of the next annual stockholder meeting. Subject to the Terms, the stock options constituting the Interim Annual Grant for a Mid-Year Eligible Director will vest in equal installments at the times that the stock options included in the last Annual Grant (including an annual grant prior to the Effective Date) to Annual Eligible Directors vest. Subject to the Terms, the restricted stock units constituting the Interim Annual Grant for a Mid-Year Eligible Director will vest and settle (unless otherwise elected by the Mid-Year Eligible Director) on the date of the next annual stockholder meeting.

You will be paid a base salary at an annual rate of ​, payable in monthly installments and in accordance with the Company’s standard payroll practices.

Payment in monthly, quarterly, semi-annual, or annual cash installments over a period to be determined by the Participant or the Participant's Beneficiary. In order to provide such installment payments, the Administrator ma y # segregate the aggregate amount thereof in a separate, federally insured savings account, certificate of deposit in a bank or savings and loan associa tion, money market certificate or other liquid short-term security or # purchase a nontransferable annuity Contract for a term certain (with no life contingencies) providing for such payment. After periodic installments commence, the Beneficiary shall have the right to reduce the period over which such periodic installments shall be made, and the cash a mount of such periodic installments shall be adjusted accordingly.

You will be employed by a subsidiary of the Company (the “Employer”) and your annual base salary will be payable in equal bi-weekly installments.

A Participant’s Cash Deferral Account shall, with respect to each Cash Account Schedule (if more than one), be paid out in a lump sum payment or in up to fifteen (15) annual installments, as elected by the Participant. The lump sum payment or the first installment, as the case may be, for each Cash Account Schedule shall be payable on the first Business Day of February of the year following the calendar year of the termination of the Participant’s service as a Director. Each subsequent annual installment shall be payable on the first Business Day of February. If the Director fails to make a timely election as to the number of installments for any Cash Account Schedule, the Participant’s Cash Deferral Account shall be paid out in four (4) annual installments. Each installment shall equal the amount available for payout under such Cash Account Schedule, divided by the number of remaining installments (including the installment being made).

Non-Employee Directors shall be paid an annual cash retainer of , payable in arrears in quarterly installments of , for each calendar year of service on the Board. Retainers for partial quarters or years of service shall be pro-rated to reflect the number of days served by a director during a quarter or year. The quarterly installments of the annual retainer shall be paid within 15 days after the end of each calendar quarter.

The election of a lump sum payment or a number of annual installments (not to exceed ten) for distribution of each year's deferred cash or equity compensation.

Annual Salary. CEO shall be paid by USPB a base annual salary of for each Current Period employment year , 2020, and 2021 during the term of CEO's employment under this Agreement, pro-rated for partial years, payable on USPB's normal payroll dates.

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