Payments Clause Example with 4 Variations from Business Contracts

This page contains Payments clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Payments. All payments under this Agreement shall be made in cash. Subject to paragraph 7(a), as soon as practicable after the end of the Award Cycle (but in no event later than March 15, 2020), the value of the vested PSUs (minus any withholding for taxes) shall be paid to the Participant (subject, however, to any deferral election that the Participant has made under the deferral plan (if any) then available to the Participant). The amount of cash that shall be paid (plus withholding for taxes and any ap...plicable deferral amount) shall equal the number of vested PSUs (as provided in paragraph 5(b)) times the closing price of Verizon's common stock on the NYSE as of the last trading day in the Award Cycle. If the Participant dies before any payment due hereunder is made, such payment shall be made to the Participant's beneficiary, as designated under paragraph 11. Once a payment has been made with respect to a PSU, the PSU shall be canceled; however, all other terms of the Agreement, including but not limited to the Participant's obligations and restrictions set forth in Exhibits A and B to this Agreement, shall remain in effect. View More
Found in Verizon contract

Variations of a "Payments" Clause from Business Contracts

Payments. All payments under this Agreement shall be made in cash. Subject to paragraph 7(a), as soon as practicable after the end vesting date of the Award Cycle applicable installment of the RSUs specified in Section 5(a) (but in no event later than March 15, 2020), thirty (30) days after the applicable vesting date), the value of shares that vested on the vested PSUs applicable vesting date (minus any withholding for taxes) shall be paid to the Participant (subject, however, to any deferral election th...at the Participant has made under the deferral plan (if any) then available to the Participant). Participant. The amount of cash that shall be paid (plus withholding for taxes and any applicable deferral amount) taxes) shall equal the number of RSUs that vested PSUs (as provided in paragraph 5(b)) on the applicable vesting date times the closing price of Verizon's common stock on the NYSE as of the applicable vesting date (or if the common stock is not traded on such vesting date, last trading day in date that immediately precedes the Award Cycle. applicable vesting date). If the Participant dies before any payment due hereunder is made, such payment shall be made to the Participant's beneficiary, as designated under paragraph 11. Once a payment has been made with 1 respect to a PSU, RSU, the PSU RSU shall be canceled; cancelled; however, all other terms of the Agreement, including but not limited to the Participant's obligations and restrictions set forth in Exhibits A and B to this Agreement, shall remain in effect. View More
Found in Verizon contract
Payments. All payments under this Agreement shall be made in cash. shares of Verizon common stock. Subject to paragraph 7(a), as soon as practicable after the end vesting date of the Award Cycle applicable installment of the RSUs specified in Section 5(a) (but in no event later than March 15, 2020), two and one-half months after the value applicable vesting date), the number of shares that vested on the vested PSUs applicable vesting date (minus any withholding for taxes) shall be paid to the Participant ...(subject, however, to any deferral election that the Participant has made under the deferral plan (if any) then available to the Participant). The amount number of cash shares that shall be paid (plus withholding for taxes and any applicable deferral amount) shall equal the number of RSUs that vested PSUs (as provided in paragraph 5(b)) times the closing price of Verizon's common stock on the NYSE as of the last trading day in the Award Cycle. applicable vesting date. If the Participant dies before any payment due hereunder is made, such payment shall be made to the Participant's beneficiary, as designated under paragraph 11. Once a payment has been made with respect to a PSU, RSU, the PSU RSU shall be canceled; cancelled; however, all other terms of the Agreement, including but not limited to the Participant's obligations and restrictions set forth in Exhibits A and B to this Agreement, shall remain in effect. View More
Found in Verizon contract
Payments. All payments under this Agreement shall be made in cash. shares of Verizon common stock. Subject to paragraph 7(a), 5(b), as soon as practicable after the end of the Award Cycle (but in no event later than March 15, 2020), 2017), the value number of shares of the vested PSUs RSUs (minus any withholding for taxes) shall be paid to the Participant (subject, however, to any deferral election application that the Participant has made under the deferral plan (if any) then available to the Participant...). The amount number of cash shares that shall be paid (plus withholding for taxes and any applicable deferral amount) shall equal the number of vested PSUs (as provided in paragraph 5(b)) times the closing price of Verizon's common stock on the NYSE as of the last trading day in the Award Cycle. RSUs. If the Participant dies before any payment due hereunder is made, such payment shall be made to the Participant's beneficiary, as designated under paragraph 11. Once a payment has been made with respect to a PSU, RSU, the PSU RSU shall be canceled; however, all other terms of the Agreement, including but not limited to the Participant's obligations Obligations and restrictions set forth in Exhibits A and B to this Agreement, the Non-Competition Obligations, shall remain in effect. View More
Found in Verizon contract
Payments. All payments under this Agreement shall be made in cash. shares of Verizon common stock. Subject to paragraph 7(a), 5(b), as soon as practicable after the end of the Award Cycle (but in no event later than March 15, 2020), 2018), the value number of shares of the vested PSUs RSUs (minus any withholding for taxes) shall be paid to the Participant (subject, however, to any deferral election that the Participant has made under the deferral plan (if any) then available to the Participant). The amoun...t number of cash shares that shall be paid (plus withholding for taxes and any applicable deferral amount) shall equal the number of vested PSUs (as provided in paragraph 5(b)) times the closing price of Verizon's common stock on the NYSE as of the last trading day in the Award Cycle. RSUs. If the Participant dies before any payment due hereunder is made, such payment shall be made to the Participant's beneficiary, as designated under paragraph 11. Once a payment has been made with respect to a PSU, RSU, the PSU RSU shall be canceled; however, all other terms of the Agreement, including but not limited to the Participant's obligations Obligations and restrictions set forth in Exhibits A and B to this Agreement, the Non-Competition Obligations, shall remain in effect. View More
Found in Verizon contract