Payments Clause Example with 7 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. The total value (the "Earned Amount") owed to you in connection with this Agreement will be determined by multiplying the number of Target Shares by the Award Modifier and the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period. Except as otherwise expressly provided herein, the total value owed to you based on the calculations set forth above will be paid to you [ ]% in cash (the "Cash Payment") and [ ]% in common st...ock of the Company (the "Stock Issuance"). Stock Issuance The number of shares (if any) to be issued in connection with the Stock Issuance (the "Shares") shall be calculated by multiplying the number of Target Shares by the Award Modifier and then multiplying this number by [ ]%. Section 16 Officer 2 Cash Payment The amount of cash (if any) to be issued in connection with the Cash Payment shall be calculated by multiplying the Earned Amount by [ ]%. Any amount payable to you pursuant to this Agreement will be paid to you by the legal entity that is a member of the Company Group (as defined below) and that is classified as your employer (the "Employer") as soon as administratively practicable following the date of the Committee's certification that the Performance Goals have been satisfied, but no later than March 15 of the calendar year following the calendar year in which the Ending Date occurs (the "Payment Date"). With respect to the Stock Issuance (if any), the Company, on behalf of the Employer, shall cause the Shares to be issued to you on the Payment Date. The Shares that may be issued to you under this Agreement, and the Cash Payment made to you under this Agreement, will be issued and made to you in exchange for the Performance Shares and thereafter you shall have no further rights with respect to such Performance Shares or this Agreement. Upon the issuance of Shares pursuant to this Agreement, such Shares shall be transferable by you (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable federal or state securities law). • Payment is to be made 50% in Cash and 50% in Common Stock • The average Fair Market Value of the Common Stock for the ten days immediately prior to the end of the Performance Period is $25. The total number of Performance Shares to vest would be the following: [Performance Goal A] Award Modifier: 500 Performance Shares x 150% Award Modifier = 750 Performance Shares [Performance Goal B]Award Modifier: 500 Performance Shares x 100% Award Modifier = 500 Performance Shares Total Performance Shares to vest = 750 Performance Shares + 500 Performance Shares = 1,250 Vested Shares Section 16 Officer 3 Example Payment of Vested Shares: The executive will receive 50% of the award in Common Stock (625 Shares) and 50% of the award in cash. The Cash Payment will be equal to 625 Shares x the average ten day Fair Market Value of Common Stock immediately prior to the Ending Date ($25), which results in a Cash Payment of $15,625.View More
Variations of a "Payments" Clause from Business Contracts
Payments. The total value (the "Earned Amount") owed to you in connection with this Agreement will be determined by multiplying the number of Target Shares Performance Units by the Award Modifier and the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period. Vested Value. Except as otherwise expressly provided herein, the total value owed to you based on the calculations set forth above will be paid to you [ ]% in cash (the "Cash... Payment") and [ ]% in common stock of the Company (the "Stock Issuance"). Stock Issuance The number of shares (if any) to be issued in connection with the Stock Issuance (the "Shares") shall be calculated by multiplying the number of Target Shares Earned Amount by the Award Modifier [ ]%, and then multiplying dividing this number by [ ]%. Section 16 Officer the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the Ending Date. Director 2 Cash Payment The amount of cash (if any) to be issued in connection with the Cash Payment shall be calculated by multiplying the Earned Amount by [ ]%. Any amount payable to you pursuant to this Agreement will be paid to you by the legal entity that is a member of the Company Group (as defined below) and that is classified as your employer (the "Employer") as soon as administratively practicable following the date of the Committee's Board's certification that the Performance Goals have been satisfied, but no later than March 15 of the calendar year following the calendar year in which the Ending Date occurs (the "Payment Date"). With respect to the Stock Issuance (if any), the Company, on behalf of the Employer, Company shall cause the Shares to be issued to you on the Payment Date. The Shares that may be issued to you under this Agreement, and the Cash Payment made to you under this Agreement, will be issued and made to you in exchange for the Performance Shares Units and thereafter you shall have no further rights with respect to such Performance Shares Units or this Agreement. Upon the issuance of Shares pursuant to this Agreement, such Shares shall be transferable by you (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable federal or state securities law). • Payment is to be made 50% in Cash and 50% in Common Stock • Target Value is $100 • The average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period Ending Date is $25. $25 The total number value of Performance Shares Units to vest would be the following: [Performance Goal A] Award Modifier: 500 Performance Shares Units x 150% Award Modifier x $100 = 750 Performance Shares $75,000 in value [Performance Goal B]Award Modifier: 500 Performance Shares Units x 100% Award Modifier x $100 = 500 $50,000 in value Director 3 Total Value of Vested Performance Shares Total Performance Shares to vest Units = 750 Performance Shares + 500 Performance Shares = 1,250 Vested Shares Section 16 Officer 3 $125,000 Example Payment of Vested Shares: Performance Unit Value The director will receive $62,500 in cash. The executive will also receive 50% 2,500 shares of the award in Common Stock (625 Shares) and 50% of the award ($62,500 in cash. The Cash Payment will be equal to 625 Shares x the value divided by $25 average ten day Fair Market Value of Common Stock immediately prior to the Ending Date ($25), which results in a Cash Payment of $15,625. Stock). View More
Payments. The total value (the "Earned Amount") owed to you in connection with this Agreement will be determined by multiplying the number of Target Shares Performance Units by the Award Modifier and the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period. Vested Value. Except as otherwise expressly provided herein, the total value owed to you based on the calculations set forth above will be paid to you [ ]% in cash (the "Cash... Payment") and [ ]% in common stock of the Company (the "Stock Issuance"). Stock Issuance The number of shares (if any) to be issued in connection with the Stock Issuance (the "Shares") shall be calculated by multiplying the number of Target Shares Earned Amount by the Award Modifier [ ]%, and then multiplying dividing this number by [ ]%. Section 16 Officer the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the Ending Date. 2 Key Leader Cash Payment The amount of cash (if any) to be issued in connection with the Cash Payment shall be calculated by multiplying the Earned Amount by [ ]%. Any amount payable to you pursuant to this Agreement will be paid to you by the legal entity that is a member of the Company Group (as defined below) and that is classified as your employer (the "Employer") as soon as administratively practicable following the date of the Committee's certification that the Performance Goals have been satisfied, but no later than March 15 of the calendar year following the calendar year in which the Ending Date occurs (the "Payment Date"). With respect to the Stock Issuance (if any), the Company, on behalf of the Employer, shall cause the Shares to be issued to you on the Payment Date. The Shares that may be issued to you under this Agreement, and the Cash Payment made to you under this Agreement, will be issued and made to you in exchange for the Performance Shares Units and thereafter you shall have no further rights with respect to such Performance Shares Units or this Agreement. Upon the issuance of Shares pursuant to this Agreement, such Shares shall be transferable by you (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable federal or state securities law). • Payment is to be made 50% in Cash and 50% in Common Stock • Target Value is $100 • The average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period Ending Date is $25. $25 The total number value of Performance Shares Units to vest would be the following: [Performance Goal A] Award Modifier: 500 Performance Shares Units x 150% Award Modifier x $100 = 750 Performance Shares $75,000 in value [Performance Goal B]Award B] Award Modifier: 500 Performance Shares Units x 100% Award Modifier x $100 = 500 $50,000 in value 3 Key Leader Total Value of Vested Performance Shares Total Performance Shares to vest Units = 750 Performance Shares + 500 Performance Shares = 1,250 Vested Shares Section 16 Officer 3 $125,000 Example Payment of Vested Shares: Performance Unit Value The executive will receive 50% of the award in Common Stock (625 Shares) and 50% of the award $62,500 in cash. The Cash Payment executive will be equal to 625 Shares x the also receive 2,500 shares of Common Stock ($62,500 in value divided by $25 average ten day Fair Market Value of Common Stock immediately prior to the Ending Date ($25), which results in a Cash Payment of $15,625. Stock). View More
Payments. The total value (the "Earned Amount") owed to you in connection with this Agreement will be determined by multiplying the number of Target Shares Performance Units by the Award Modifier and the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period. Vested Value. Except as otherwise expressly provided herein, the total value owed to you based on the calculations set forth above will be paid to you [ ]% in cash (the "Cash... Payment") and [ ]% in common stock of the Company (the "Stock Issuance"). Stock Issuance The number of shares (if any) to be issued in connection with the Stock Issuance (the "Shares") shall be calculated by multiplying the number of Target Shares Earned Amount by the Award Modifier [ ]%, and then multiplying dividing this number by [ ]%. Section 16 Officer the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the Ending Date. Key Leader 2 Cash Payment The amount of cash (if any) to be issued in connection with the Cash Payment shall be calculated by multiplying the Earned Amount by [ ]%. Any amount payable to you pursuant to this Agreement will be paid to you by the legal entity that is a member of the Company Group (as defined below) and that is classified as your employer (the "Employer") as soon as administratively practicable following the date of the Committee's certification that the Performance Goals have been satisfied, but no later than March 15 of the calendar year following the calendar year in which the Ending Date occurs (the "Payment Date"). With respect to the Stock Issuance (if any), the Company, on behalf of the Employer, shall cause the Shares to be issued to you on the Payment Date. The Shares that may be issued to you under this Agreement, and the Cash Payment made to you under this Agreement, will be issued and made to you in exchange for the Performance Shares Units and thereafter you shall have no further rights with respect to such Performance Shares Units or this Agreement. Upon the issuance of Shares pursuant to this Agreement, such Shares shall be transferable by you (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable federal or state securities law). • Payment is to be made 50% in Cash and 50% in Common Stock • Target Value is $100 • The average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period Ending Date is $25. $25 The total number value of Performance Shares Units to vest would be the following: [Performance Goal A] Award Modifier: 500 Performance Shares Units x 150% Award Modifier x $100 = 750 Performance Shares $75,000 in value [Performance Goal B]Award Modifier: 500 Performance Shares Units x 100% Award Modifier x $100 = 500 $50,000 in value Key Leader 3 Total Value of Vested Performance Shares Total Performance Shares to vest Units = 750 Performance Shares + 500 Performance Shares = 1,250 Vested Shares Section 16 Officer 3 $125,000 Example Payment of Vested Shares: Performance Unit Value The executive will receive 50% of the award in Common Stock (625 Shares) and 50% of the award $62,500 in cash. The Cash Payment executive will be equal to 625 Shares x the also receive 2,500 shares of Common Stock ($62,500 in value divided by $25 average ten day Fair Market Value of Common Stock immediately prior to the Ending Date ($25), which results in a Cash Payment of $15,625. Stock). View More
Payments. The total value (the "Earned Amount") owed to you in connection with this Agreement will be determined by multiplying the number of Target Shares Performance Units by the Award Modifier and the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period. Vested Value. Except as otherwise expressly provided herein, the total value owed to you based on the calculations set forth above will be paid to you [ ]% in cash (the "Cash... Payment") and [ ]% in common stock of the Company (the "Stock Issuance"). Stock Issuance The number of shares (if any) to be issued in connection with the Stock Issuance (the "Shares") shall be calculated by multiplying the number of Target Shares Earned Amount by the Award Modifier [ ]%, and then multiplying dividing this number by [ ]%. Section 16 Officer the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the Ending Date. 2 Employee Cash Payment The amount of cash (if any) to be issued in connection with the Cash Payment shall be calculated by multiplying the Earned Amount by [ ]%. Any amount payable to you pursuant to this Agreement will be paid to you by the legal entity that is a member of the Company Group (as defined below) and that is classified as your employer (the "Employer") as soon as administratively practicable following the date of the Committee's certification that the Performance Goals have been satisfied, but no later than March 15 of the calendar year following the calendar year in which the Ending Date occurs (the "Payment Date"). With respect to the Stock Issuance (if any), the Company, on behalf of the Employer, shall cause the Shares to be issued to you on the Payment Date. The Shares that may be issued to you under this Agreement, and the Cash Payment made to you under this Agreement, will be issued and made to you in exchange for the Performance Shares Units and thereafter you shall have no further rights with respect to such Performance Shares Units or this Agreement. Upon the issuance of Shares pursuant to this Agreement, such Shares shall be transferable by you (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable federal or state securities law). • Payment is to be made 50% in Cash and 50% in Common Stock • Target Value is $100 • The average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period Ending Date is $25. $25 The total number value of Performance Shares Units to vest would be the following: [Performance Goal A] Award Modifier: 500 Performance Shares Units x 150% Award Modifier x $100 = 750 Performance Shares $75,000 in value [Performance Goal B]Award Modifier: 500 Performance Shares Units x 100% Award Modifier x $100 = 500 $50,000 in value 3 Employee Total Value of Vested Performance Shares Total Performance Shares to vest Units = 750 Performance Shares + 500 Performance Shares = 1,250 Vested Shares Section 16 Officer 3 $125,000 Example Payment of Vested Shares: Performance Unit Value The executive will receive 50% of the award in Common Stock (625 Shares) and 50% of the award $62,500 in cash. The Cash Payment executive will be equal to 625 Shares x the also receive 2,500 shares of Common Stock ($62,500 in value divided by $25 average ten day Fair Market Value of Common Stock immediately prior to the Ending Date ($25), which results in a Cash Payment of $15,625. Stock). View More
Payments. The total value (the "Earned Amount") owed to you in connection with this Agreement will be determined by multiplying the number of Target Shares Performance Units by the Award Modifier and the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period. Vested Value. Except as otherwise expressly provided herein, the total value owed to you based on the calculations set forth above will be paid to you [ ]% in cash (the "Cash... Payment") and [ ]% in common stock of the Company (the "Stock Issuance"). Stock Issuance The number of shares (if any) to be issued in connection with the Stock Issuance (the "Shares") shall be calculated by multiplying the number of Target Shares Earned Amount by the Award Modifier [ ]%, and then multiplying dividing this number by [ ]%. Section 16 Officer the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the Ending Date. Employee 2 Cash Payment The amount of cash (if any) to be issued in connection with the Cash Payment shall be calculated by multiplying the Earned Amount by [ ]%. Any amount payable to you pursuant to this Agreement will be paid to you by the legal entity that is a member of the Company Group (as defined below) and that is classified as your employer (the "Employer") as soon as administratively practicable following the date of the Committee's certification that the Performance Goals have been satisfied, but no later than March 15 of the calendar year following the calendar year in which the Ending Date occurs (the "Payment Date"). With respect to the Stock Issuance (if any), the Company, on behalf of the Employer, shall cause the Shares to be issued to you on the Payment Date. The Shares that may be issued to you under this Agreement, and the Cash Payment made to you under this Agreement, will be issued and made to you in exchange for the Performance Shares Units and thereafter you shall have no further rights with respect to such Performance Shares Units or this Agreement. Upon the issuance of Shares pursuant to this Agreement, such Shares shall be transferable by you (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable federal or state securities law). • Payment is to be made 50% in Cash and 50% in Common Stock • Target Value is $100 • The average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period Ending Date is $25. $25 The total number value of Performance Shares Units to vest would be the following: [Performance Goal A] Award Modifier: 500 Performance Shares Units x 150% Award Modifier x $100 = 750 Performance Shares $75,000 in value [Performance Goal B]Award Modifier: 500 Performance Shares Units x 100% Award Modifier x $100 = 500 $50,000 in value Employee 3 Total Value of Vested Performance Shares Total Performance Shares to vest Units = 750 Performance Shares + 500 Performance Shares = 1,250 Vested Shares Section 16 Officer 3 $125,000 Example Payment of Vested Shares: Performance Unit Value The executive will receive 50% of the award in Common Stock (625 Shares) and 50% of the award $62,500 in cash. The Cash Payment executive will be equal to 625 Shares x the also receive 2,500 shares of Common Stock ($62,500 in value divided by $25 average ten day Fair Market Value of Common Stock immediately prior to the Ending Date ($25), which results in a Cash Payment of $15,625. Stock). View More
Payments. The total value (the "Earned Amount") owed to you in connection with this Agreement will be determined by multiplying the number of Target Shares Performance Units by the Award Modifier and the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period. Vested Value. Except as otherwise expressly provided herein, the total value owed to you based on the calculations set forth above will be paid to you [ ]% in cash (the "Cash... Payment") and [ ]% in common stock of the Company (the "Stock Issuance"). Stock Issuance The number of shares (if any) to be issued in connection with the Stock Issuance (the "Shares") shall be calculated by multiplying the number of Target Shares Earned Amount by the Award Modifier [ ]%, and then multiplying dividing this number by [ ]%. the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the Ending Date. 2 Section 16 Officer 2 Cash Payment The amount of cash (if any) to be issued in connection with the Cash Payment shall be calculated by multiplying the Earned Amount by [ ]%. Any amount payable to you pursuant to this Agreement will be paid to you by the legal entity that is a member of the Company Group (as defined below) and that is classified as your employer (the "Employer") as soon as administratively practicable following the date of the Committee's certification that the Performance Goals have been satisfied, but no later than March 15 of the calendar year following the calendar year in which the Ending Date occurs (the "Payment Date"). With respect to the Stock Issuance (if any), the Company, on behalf of the Employer, shall cause the Shares to be issued to you on the Payment Date. The Shares that may be issued to you under this Agreement, and the Cash Payment made to you under this Agreement, will be issued and made to you in exchange for the Performance Shares Units and thereafter you shall have no further rights with respect to such Performance Shares Units or this Agreement. Upon the issuance of Shares pursuant to this Agreement, such Shares shall be transferable by you (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable federal or state securities law). • Payment is to be made 50% in Cash and 50% in Common Stock • Target Value is $100 • The average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period Ending Date is $25. $25 The total number value of Performance Shares Units to vest would be the following: [Performance Goal A] Award Modifier: 500 Performance Shares Units x 150% Award Modifier x $100 = 750 Performance Shares $75,000 in value [Performance Goal B]Award Modifier: 500 Performance Shares Units x 100% Award Modifier x $100 = 500 Performance Shares Total Performance Shares to vest = 750 Performance Shares + 500 Performance Shares = 1,250 Vested Shares $50,000 in value 3 Section 16 Officer 3 Total Value of Vested Performance Units = $125,000 Example Payment of Vested Shares: Performance Unit Value The executive will receive 50% of the award in Common Stock (625 Shares) and 50% of the award $62,500 in cash. The Cash Payment executive will be equal to 625 Shares x the also receive 2,500 shares of Common Stock ($62,500 in value divided by $25 average ten day Fair Market Value of Common Stock immediately prior to the Ending Date ($25), which results in a Cash Payment of $15,625. Stock). View More
Payments. The total value (the "Earned Amount") owed to you in connection with this Agreement will be determined by multiplying the number of Target Shares Performance Units by the Award Modifier and the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period. Vested Value. Except as otherwise expressly provided herein, the total value owed to you based on the calculations set forth above will be paid to you [ ]% in cash (the "Cash... Payment") and [ ]% in common stock of the Company (the "Stock Issuance"). Stock Issuance The number of shares (if any) to be issued in connection with the Stock Issuance (the "Shares") shall be calculated by multiplying the number of Target Shares Earned Amount by the Award Modifier [ ]%, and then multiplying dividing this number by [ ]%. the average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the Ending Date. Section 16 Officer 2 Cash Payment The amount of cash (if any) to be issued in connection with the Cash Payment shall be calculated by multiplying the Earned Amount by [ ]%. Any amount payable to you pursuant to this Agreement will be paid to you by the legal entity that is a member of the Company Group (as defined below) and that is classified as your employer (the "Employer") as soon as administratively practicable following the date of the Committee's certification that the Performance Goals have been satisfied, but no later than March 15 of the calendar year following the calendar year in which the Ending Date occurs (the "Payment Date"). With respect to the Stock Issuance (if any), the Company, on behalf of the Employer, shall cause the Shares to be issued to you on the Payment Date. The Shares that may be issued to you under this Agreement, and the Cash Payment made to you under this Agreement, will be issued and made to you in exchange for the Performance Shares Units and thereafter you shall have no further rights with respect to such Performance Shares Units or this Agreement. Upon the issuance of Shares pursuant to this Agreement, such Shares shall be transferable by you (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable federal or state securities law). • Payment is to be made 50% in Cash and 50% in Common Stock • Target Value is $100 • The average Fair Market Value of the Common Stock for the last ten trading days immediately prior to the end of the Performance Period Ending Date is $25. $25 The total number value of Performance Shares Units to vest would be the following: [Performance Goal A] Award Modifier: 500 Performance Shares Units x 150% Award Modifier x $100 = 750 Performance Shares $75,000 in value [Performance Goal B]Award Modifier: 500 Performance Shares Units x 100% Award Modifier x $100 = 500 Performance Shares Total Performance Shares to vest = 750 Performance Shares + 500 Performance Shares = 1,250 Vested Shares $50,000 in value Section 16 Officer 3 Total Value of Vested Performance Units = $125,000 Example Payment of Vested Shares: Performance Unit Value The executive will receive 50% of the award in Common Stock (625 Shares) and 50% of the award $62,500 in cash. The Cash Payment executive will be equal to 625 Shares x the also receive 2,500 shares of Common Stock ($62,500 in value divided by $25 average ten day Fair Market Value of Common Stock immediately prior to the Ending Date ($25), which results in a Cash Payment of $15,625. Stock). View More
