Example ContractsClausesMedium of Payment
Medium of Payment
Medium of Payment contract clause examples

Medium of Payment. Effective for all payments made on or after July 1, 2017, payments for whole Career Shares shall be made in shares of Common Stock and payments for any fraction of a Career Share shall be made in cash or applied as additional participant tax withholding at the Company’s option. All payments to Participants made prior to July 1, 2017 , shall be made in cash.

Medium of Payment. Each Participant or his or her Beneficiaries will receive all payments of such Participant’s Deferred Compensation in cash.

Medium. All sums due hereunder shall be paid in lawful money of the United States of America.

Medium and Time of Payment. The option exercise price shall be payable in full on or before the option Exercise Date by certified or bank cashier’s check.

Medium and Time of Payment. Except as may otherwise be provided below, the Purchase Price for each Option granted to an Eligible Person shall be payable in full in United States dollars upon the exercise of the Option. In the event the Company determines that it is required to withhold taxes as a result of the exercise of an Option, as a condition to the exercise thereof, an Employee may be required to make arrangements satisfactory to the Company to enable it to satisfy such withholding requirements in accordance with Section 21. If the applicable Award Agreement so provides, or the Committee otherwise so permits, the Purchase Price may be paid in one or a combination of the following:

Medium of Distribution. All distributions under the Plan shall be made in cash except in the case of deferred Performance Shares and increments thereon reinvested in Company Stock, which shall be distributed in Company Stock (plus cash in lieu of fractional shares).

Medium of Distribution. All distributions under the Plan shall be made in cash.

Medium and Time of Payment of Purchase Price. A Participant exercising an Option shall pay the Purchase Price of the Shares to which such exercise pertains in full in cash (in U.S. dollars) as a condition of such exercise, unless the Board at its discretion allows the Participant to pay the Purchase Price in any manner allowable under Section 13, so long as the sum of cash so paid and such other consideration equals the Purchase Price.

any endorsement of a check or other medium of payment for deposit or collection, or any similar transaction in the normal course of business;

All payments with respect to a Director’s Deferred Fee Account shall be made in cash, and no Director shall have the right to demand payment in shares of Company Stock or in any other medium.

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