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Cash in lieu of fractional shares is a type of payment that investors get for the sale of fractional shares. This tends to happen after a company restructures stock with a stock split, a merger or ...
"PILON" redirects here. For other uses, see Pilon. In United Kingdom labour law, payment in lieu of notice, or PILON, is a payment made to employees by an employer for a notice period that they have been told by the employer that they do not have to work. Employees dismissed for gross misconduct are not entitled to be paid their notice, unless stated otherwise within Terms and Conditions of ...
The payment of cash in lieu can fund the creation of more affordable housing units. In the hands of a government housing authority, cash in lieu can produce more affordable housing units than if ...
Stockholders who would otherwise be entitled to receive a fractional share will be entitled to receive a cash payment in lieu of such fractional share. The Reverse Stock Split will affect all stockholders uniformly and will not affect any stockholder’s percentage ownership interests in the Company, except to the extent that any cash payments ...
A payment in lieu of taxes, abbreviated as PILT or PILOT, [1] [2] [3] is a payment made to compensate a government for some or all of the property tax revenue lost due to tax exempt ownership or use of real property.
Cash in lieu of commodities is cash provided to food program operators (e.g., elderly nutrition programs, child care food programs, and some school food programs) instead of mandated commodity assistance. Meal program operators receive funding instead of commodities to buy whatever foods they need to operate their meal service programs.
Lifespan has agreed to pay Providence $1.5 million lieu of taxes, the first payment the nonprofit health system will make to the city since 2021.
In government finance, a warrant is a written order to pay that instructs a federal, state, or county government treasurer to pay the warrant holder on demand or after a specific date. Such warrants look like checks and clear through the banking system like checks, but are not drawn against cleared funds in a checking account (demand deposit ...