Payout
Payout. Means, with respect to each Bundle, that point in time at which the total of the Deferred Payments received by the Service Parties is equal to the Service Parties' Expenditures on the Project Wells in such Bundle.
Payout. Means actual reasonable expenditures incurred in drilling, testing, completing, equipping, and operating the unit well, including a charge for supervision.
Found in
REEF GLOBAL ENERGY I LP contract
Payout. Means the distribution of vested Deferred Stock under the Plan.
Found in
CENTEX CORP contract
Payout. Means with respect to each RSU which becomes vested, a lump sum cash payment equal to the Fair Market Value of a Share determined at the Vesting Date or such other date specified in this Award Agreement (less any applicable withholding taxes);
All Definitions
