Sentences with phrase «receive equal monthly 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.

The total amount paid as a lump sum and monthly payments will be equal to the amount that would have been paid had the member not elected to receive a lump - sum payment.

In theory, you could elect to have monthly payments sent to you that are equal or greater than the amount of the Social Security payments that you'd be receiving were you to apply for benefits right away.

Your two compensating factors might be savings in the bank equal to at least three total monthly mortgage payments and part - time or seasonal income that you've received for more than one year but less than two years.

Using substantially equal monthly payments based on the IRS life expectancy table, the individual received $ 1,194.74 a month at age 57; $ 1,985.93 a month at age 69; $ 1,280.21 per month at age 70, when the payments shift to required minimum distributions; and ended up with $ 2,692.04 a month at age 90.

Similar to an equity loan, you can receive the loan amount in a single lump sum or in equal monthly installments paid to you from the creditor, which is why it is a reverse mortgage — you receive payments rather than make them each month.

Receive a 12 - month equal pay offer during eligible promotions: 0 % financing until paid in full with 12 equal monthly payments.

In a life annuity, employees receive equal periodic benefit payments (monthly, quarterly, etc.) for the rest of their lives.

Under this benefit, the insured has the flexibility to split the life cover amount for the nominee to receive as lumpsum and the remaining life cover will be paid in equal monthly payments for 10 years.

-LSB-...] Because of Entrust, I purchased a great house with my IRA and I am receiving monthly payments equaling about 9 percent return.