Calculation of Termination Compensation Sample Clauses

Calculation of Termination Compensation. For the purpose of calculating termination compensation for Voluntary Resignation Before Retirement, Retirement and Death, "continuous service" will include all periods of full-time continuing and regular part-time employment with the Company (including periods of authorized leave without pay) and its predecessors, provided that: - service began no later than May 31, 1996 (for Theratronics employees service began no later than March 31, 1999), and - such service has not been separated by more than three (3) calendar months.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Calculation of Termination Compensation. 3.1 If TfL is liable to for Termination Compensation pursuant to paragraph 1.1, the Service Provider shall, within twenty (20) Working Days of the Termination Date or Partial Termination Date (as applicable), submit to TfL a detailed invoice setting out the breakdown of the cost items comprising the Termination Compensation. TfL may verify such costs by exercising its audit powers pursuant to Clause 36 (Audit and Inspection) at any time prior to the Termination Compensation Payment Date.
Sample 1Sample 2
Calculation of Termination Compensation. The amount of Termination Compensation payable by the Grantor shall be prepared by the Concessionaire, validated as fair and accurate by the Concessionaire's auditors and then notified in writing by the Concessionaire to the Grantor within ten (10) Business Days of a party receiving from the other Party a notice informing that such other Party is terminating this Agreement. The Concessionaire's notification setting out the amount of Termination Compensation shall be accompanied by reasonable and clear details of the calculation made by the Concessionaire and sufficient supporting evidence for the Grantor to verify the Concessionaire's calculation, failing which the Concessionaire's notification will not be valid.
Sample 1Sample 2
Calculation of Termination Compensation. Subject to the limitations in Section 25.5.3 (Termination Compensation Cap), the Department will pay the Progressive Contractor the sum of the following amounts for Work performed prior to the effective date of the Notice of Termination, as such amounts are determined by the Department:
Sample 1
Calculation of Termination Compensation. 4A.7 If the Authority is liable for Termination Compensation pursuant to paragraph 4A.1, the Contractor shall, within twenty (20) Working Days of the Termination Date, submit to the Authority a detailed cost summary setting out the breakdown of the cost items
Sample 1

Related to Calculation of Termination Compensation

  • Calculation of Termination Payment If an Early Termination Date has been declared, the Non-Defaulting Party shall calculate, in a commercially reasonable manner, the Termination Payment in accordance with this Section 10.3.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Payment of Termination Payment The Defaulting Party shall make the Termination Payment within ten (10) Business Days after such notice is effective, regardless whether the Termination Payment calculation is disputed. If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Termination Payment, in whole or in part, the Defaulting Party shall within ten

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Benefit Termination Any employee terminating employment shall be entitled to receive the District insurance contribution for the remainder of the calendar month in which the contribution is effective. In cases where separation occurs after completion of the employee’s full contract obligation (i.e. the end of the school/work year), benefit coverage will continue through August 31 of that year.

  • Compensation on Termination (a) If this Project Agreement is terminated pursuant to Sections 34.3(a), 35.2(a)(ii), 36.1, 36.2 or 36.3, then:

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • Notice of Termination Payment As soon as practicable after calculation of a Termination Payment, notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting Party. The notice shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the Termination Payment shall be made by the Party that owes it within three (3) Business Days after such notice is effective.

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

Time is Money Join Law Insider Premium to draft better contracts faster.