Retention Payments definition

Retention Payments shall have the meaning set forth in Section 3.01(b).

Retention Payments has the meaning ascribed in Section 2.5;

Retention Payments has the meaning given in Section 8.6(c).

Examples of Retention Payments in a sentence

• Employees who relocate between locations covered by Article 19.06, in accordance with Article 28, shall receive the applicable payments, number of days leave and credited service for all benefits (such as Clothing Allowance, Family Leave, Northern Allowance, Retention Payments, etc.) based on the amount of time spent in each location.

• The Retention Payments and other payments due from Operator shall be paid in lawful money of the United States by check or wire transfer, accepted subject to collection, and payable to the order of Agreement Administrator, or such other entity as is designated in writing by Agreement Administrator.

• Agreement Administrator may draw down on the Security Deposit for any non-payment or late payment of Retention Payments.

• If for any reason this Agreement is terminated or expires prior to any of the foregoing payment dates, Operator shall pay Agreement Administrator the accrued amount up to the date of termination of any Retention Payments or other required payment not then paid or due.

• If any portion of the decking must be shut down because of repairs or replacements, the Retention Payments due the City shall be reduced.

More Definitions of Retention Payments

Retention Payments means $24,109,201.10, which represents the maximum amount of the retention payments to be made by the Companies and their Subsidiaries pursuant to the agreements listed under the heading “Retention Letters” in Section 3.1(r)(i) of the Seller Disclosure Schedule, as in effect on the date hereof.

Retention Payments means the payments listed at Section 1.1(c) of the Seller Disclosure Schedule.

Retention Payments has the meaning given in Section 4.6(j).

Retention Payments shall have the meaning set forth on Exhibit D.

Retention Payments means, solely to the extent unpaid as of the Closing, the amounts payable to the Retention Payment Recipients, as set forth on the Closing Bonus Schedule, pursuant to awards granted prior to the Closing under the Retention Bonus Plan, including, solely to the extent unpaid as of the Closing, the employer portion of any payroll, social security, unemployment or similar Taxes in respect of such payments (determined assuming that each Retention Bonus Recipient received compensation during the calendar year in which the Closing occurs, with such compensation equal to the greater of, prior to such employee’s receipt of such payments, (x) such employee’s total wages (as reported on such employee’s Form W-2) during the prior calendar year, and (y) the actual amount paid to such employee by the Group Companies during the calendar year in which the Closing occurs).

Retention Payments shall indicate which party is responsible for paying retention payments related to the displacement of employees.

Retention Payments means, with respect to any Participant, the 2018 Retention Payment, if any, and/or the 2019 Retention Payment, if any, as applicable, with respect to such Participant.