Sentences with phrase «accruing years of payments»

Not exact matches

If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash incentive award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incentive Plan.

For a graduate student taking out $ 20,000 that year in loans, paying accruing interest charges during another four years of school could shave as much as $ 65 per month off his or her monthly loan payment.

If your monthly payment doesn't cover all the interest you owe each month, the REPAYE, PAYE, and IBR plans take care of any unpaid interest that accrues on subsidized loans for up to three years from the date you enroll (for more on REPAYE and other IDR plans, see our guide).

(Press Release) Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the Federal Government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to the National Pension Commission (PENCOM) for onward payment to the retirees, Minister of Finance, Mrs. Kemi Adeosun has disclosed.

And because those lower payments cover little more than the accruing interest, with the forgiveness plan, after 10 years, most of her principal balance remains and will be forgiven.

In other words, the year of pension payments she foregoes is greater than the additional pension benefit she accrues from working an extra year.

In 2006, the District chose to apply $ 138 million of surplus revenues as a down - payment on the accrued liability to date, and beginning in 2008, the District has made substantial annual contributions — at least $ 80 million per year — to cover new liabilities and also pay down a portion of the accrued liability.

-- your cost of borrowing per year not including fees or interest accrued to the day of your first payment expressed as a yearly rate.

If your payments don't cover the interest that accrues, the government pays or waives the unpaid interest (the difference between your monthly payment and the interest that accrued) on subsidized Stafford loans for the first three years of income - based repayment.

Because participants are only required to make token payments equal to 10 percent of their adjusted gross income for ten years, most PSLF participants are making payments so low that their payments are less than accruing interest.

Students are tempted to structure monthly payments so low that they subsequently fail to cover accruing interest, which causes principal balances to balloon, to the tune of some $ 1.3 trillion in recent years.

If Price's meager income did not improve significantly in later years, Judge Frank explained, her loan would eventually «reach a kind of «escape velocity,»» meaning that her monthly payments would not be enough to cover accruing interest and her loan balance would grow «for the next several decades.»

For example, a $ 10 million note with a 10 year final maturity will require equal annual principal payments of $ 1 million plus accrued interest.

For a graduate student taking out $ 20,000 that year in loans, paying accruing interest charges during another four years of school could shave as much as $ 65 per month off his or her monthly loan payment.

Here were my choices: either pay almost $ 1000 for February (the new correct payment is just under $ 200) or put in for a forbearance, which requires either payment of over $ 700 in accrued interest (based on their incorrect calculations) or capitalize that interest and pay interest on that amount for the next 12 years.

Repayment options: Four income - driven repayment plans; payment postponement for up to three years if you're unemployed; no interest accrues for subsidized loans while in school and during periods of deferment.

First, students can choose to make no payments while in school for up to five years; interest will accrue during this time and will be added to the principal of the loan upon graduation or leaving school.

Bottom line: If the extra interest accrued doesn't persuade you to make more than the minimum payments, think of it in terms of years in debt.

In fact, the payments would only cover the accruing interest and he would have all of the principal forgiven after 20 years.

For example, let's say you owe $ 2,000 total If you were to take out a Prosper loan with an APR of 21 % (the middle of its range) and pay it off over three years (its shortest payoff plan), you would pay $ 75.35 per month and accrue $ 712.60 in interest over time, making your total payment $ 2,712.60.

Rather, we believe it is important to measure whether the ratio of debt to earnings indicates whether a student is able to manage debt both in the early years after completion, and in later years, since students must be able to sustain loan payments at all stages, regardless of the benefits that may accrue to them over their entire career.

That means if you have enough money in the cash value, you can use that to skip premium payments entirely, letting the accrued interest do the work — but keep in mind that this can typically only be done after the first year of the policy, and only if there's at least enough cash value in the policy to keep the policy inforce for another 60 days.

Current federal tax law requires the holder of a U.S. Treasury or other fixed income zero coupon security to accrue as income each year a portion of the discount at which the security was purchased, even though the holder receives no interest payment in cash on the security during the year.

For example, generally, actions against the state of Ohio or one of its agencies for failure to make a distribution or payment must be brought within five years of when the action accrued and an action for breach of contract for the sale of goods under the Uniform Commercial Code must be brought within four years of the date the cause of action accrues.

He claimed a payment in lieu of his accrued holiday entitlement for two leave years but was denied his 2004 entitlement by the local courts because the permitted carry - over period was limited to three months.

He brought a claim for a payment in lieu of his accrued holiday entitlement for the years 2006 to 2008.

Most of these plans offer loan forgiveness after 20 to 25 years, but don't take that as a reason to skimp on your payments, since interest will still accrue, and if you fail to make an effort in repaying your loans, it could reflect poorly on your credit score.

Yet, unless paid out in full at signing, a policy needs years of investment via premium payments and the overall financial growth of the company to accrue enough value for an appreciable loan.

GA equal to 7 % per annum of BSA will accrue at the end of each policy year till the premium payment term, subject to all due premiums are paid and the policy is in - force till that point in time.

New Money Back policy: This policy can be surrendered only after it accrues cash value after payment of 3 years of premiums.

Name of Plan = SBI Life Shubh Nivesh Age at entry = 26 years Annual Premium Outgo = Rs. 31000 Policy term = 15 years Premium payment term = 15 years Death Benefit = Rs. 500000 + Accrued Bonus Maturity Benefit = Rs. 6,63,875

Choose between two premium payment terms - Single Pay or a limited premium payment term of 5 years while accruing benefits for 10 along with the flexibility of partial withdrawals.

Scenario B: Mr. Gupta dies during the Term of the Policy In the event of unfortunate demise of Mr. Gupta in the 3rd policy year after payment of 3 years» premiums, his family will receive a lump sum amount of Rs 1,014,000, Guaranteed Sum Assured on maturity equal to Rs 2,00,000 along with accrued Annual bonuses and Final bonus, is payable on maturity.

The AGA for a policy year is accrued to the policy, on payment of all due premiums.

Guaranteed Addition as 1 % of the basic sum assured every year is accrued from the policy anniversary after end of the premium payment term till maturity of the policy.

Federal law grants direct partial payments of military retirement to spouses married to a soldier for at least 10 years, but Texas requires division of any future military retirement benefits that accrued during the marriage regardless of its length.