DEFERRED COMPENSATION OBLIGATIONS Sample Clauses

DEFERRED COMPENSATION OBLIGATIONS. Micrion has no deferred compensation obligations, whether vested or unvested.
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DEFERRED COMPENSATION OBLIGATIONS. 19 2.1.26 Product Warranties and Liabilities..................19 2.1.27 Inventories.........................................20 2.1.28 Receivables.........................................20 2.1.29 Year 2000 Compliance................................20 2.1.30 Indebtedness........................................21 2.1.31 No Other Representations or Warranty................21 2.2 FEI's Representations and Warranties........................21 2.2.1 Corporate Existence and Authority...................21 2.2.2 No Adverse Consequences.............................21 2.2.3 Capitalization......................................22 2.2.4 Subsidiaries and Joint Ventures.....................23 2.2.5 SEC Reports and Financial Statements................23 2.2.6
DEFERRED COMPENSATION OBLIGATIONS. E/One has deposited in a rabbi trust a number of Shares of its Common Stock that equals or exceeds the number of Shares credited to participants' accounts under Section 3.4 of E/One's Deferred Compensation Plan for certain executive employees (Deferred Compensation Plan).
DEFERRED COMPENSATION OBLIGATIONS. The Companies are party to certain deferred compensation agreements with Xxxxx Xxxxxxx and Xxxxx Xxxxx. In connection with the Buyout, MSSC shall assume the Companies' obligations as of the Buyout Date under such deferred compensation agreements in the amounts so indicated: (i) Xxxxx Xxxxxxx in an amount not to exceed $388,000 payable in monthly installments through June 30, 2002, and (ii) Xxxxx Xxxxx in an amount not to exceed $72,000 payable in monthly installments through June 30, 2002. Notwithstanding the foregoing, in the event the Buyout Date is accelerated before the first anniversary of the date of this Agreement, MSSC shall assume all payment obligations under the deferred compensation agreements of Xxxxx Xxxxxxx and Xxxxx Xxxxx as of the accelerated Buyout Date; provided that the Companies are current with respect to all amounts due and payable under such deferred compensation agreements and are not in default or breach of the terms of such deferred compensation agreements. Xxxxxxx shall remain liable for such amounts and other obligations owed under the deferred compensation agreements that are not assumed by MSSC pursuant to this Section 6.3.
DEFERRED COMPENSATION OBLIGATIONS. Merger Subsidiary shall assume the obligation to pay all amounts due with respect to the obligations of XCD listed on Schedule 3.1.2.

Related to DEFERRED COMPENSATION OBLIGATIONS

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Deferred Compensation Upon the consummation of the Initial Business Combination, the Company will cause the Trustee to pay to the Representative, on behalf of the Underwriters, the Deferred Discount. Payment of the Deferred Discount will be made out of the proceeds of the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its Initial Business Combination within the time period prescribed in the Amended and Restated Certificate of Incorporation, the Deferred Discount will not be paid to the Representative and will, instead, be included in the liquidation distribution of the proceeds held in the Trust Account made to the Public Stockholders. In connection with any such liquidation distribution, the Underwriters will forfeit any rights or claims to the Deferred Discount.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

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