Payment in Lieu definition

Payment in Lieu means a payment of money in lieu of a conveyance otherwise required under section 42, 51.1 or 53; (“paiement tenant lieu de cession”)

Payment in Lieu has the meaning given in clause 25.1;

Payment in Lieu means the payment of funds equivalent to the value of the amount of land that the County would otherwise have been entitled to acquire for park or other public recreational purposes as part of a development. The Payment-in-Lieu is usually required as a condition of a site plan, draft plan of subdivision or draft plan of condominium approval.

Examples of Payment in Lieu in a sentence

• It is understood that there shall be no reduction in Payment in Lieu if a Regular Part Time Employee elects to participate in O.M.E.R.S.

• Payment in Lieu If the School makes payment in lieu for all or any of the period of notice prescribed, the period for which such payment is made must be treated as service with the School for the purposes of computing any service related entitlement of the Lutheran School Officer.

• Fiscal payment is a one-time payment not applicable to any benefits or premiums including but not limited to Pension Contributions, Vacation Pay, Public Holiday Pay, Payment in Lieu of Benefits, etc.

• The amount the employee will receive for Payment in Lieu of Health Insurance will be determined by deducting the cost of the dental and/or vision coverage from $1,800 (example: On January 1 employee elects family dental coverage for which the annual cost is $1,200, the employee will be paid $600 cash in lieu of health coverage).

• Any employee who elects Payment in Lieu of Health Insurance Coverage may elect at the same time to be enrolled in dental and/or vision coverage.

• An employee who elects Payment in Lieu of Health Insurance Coverage after January 1 of any year, shall be paid a pro- rata amount of the $1,800 in the same manner as described in the previous sentence with the amount calculated based on the number of full months remaining in the calendar year after the date of the election (example: employee hired June 15, will be entitled to $900 for that year effective July 1).

• Payment in Lieu of Hotel Receipts When an employee stays in a private residence and does not have a hotel bill, the employee will be reimbursed for an out-of-pocket expense to provide a gift for the persons the employee is staying with.

• Payment in Lieu of Notice - During a reduction of force, an employee may be offered six weeks of payment either in a lump sum or paid out over 3 pay periods when prior notice of separation is not provided.

• The plan will also permit eligible employees to choose between group medical coverage and the Cash Payment in Lieu of Medical/Hospitalization Insurance described in Section H(6)(a)&(b) of this article and permit employee and employer Health Savings Account contributions, subject to applicable tax requirements.

• This Payment in Lieu will be equal to the basic salary (as at the date of termination) which you would have been entitled to receive under this agreement during the notice period referred to at clause 2 (or, if notice has already been given, during the remainder of the notice period) less income tax and National Insurance contributions.

More Definitions of Payment in Lieu

Payment in Lieu has the meaning set forth in Section III(F).

Payment in Lieu means a payment of money in place of meeting all or part of the storm water performance standards required by this ordinance.

Payment in Lieu has the meaning given in subparagraph 5.04(a)(i).

Payment in Lieu. As used in Clause 10.11of this Agreement for payment made by Council to a redundant employee when Council does not give 10 weeks notice for termination of employment. The calculation of the payment in lieu shall be based on 10 times the weekly wages at the time of termination.

Payment in Lieu the actual payment required to be made to the London Borough of Waltham Forest pursuant to the Viability Reassessment Pro Forma.

Payment in Lieu means a sum in lieu of notice equal to the basic salary (as at the date of termination) which you would have been entitled to receive under this Agreement during the relevant notice period referred to at clause 13.1 (or, if notice has already been given, during the remainder of the notice period) less any deductions required by law; “Prospective Customer’’ means any person, firm or company with whom during the period of twelve months preceding the Termination Date, the Company was or has been in negotiations or discussions with or to whom the company shall have presented a proposal with a view to such person, firm or Company placing an order for goods or services with the Company;