Lump Sum Settlement Clause Samples

Lump Sum Settlement. 22 SECTION 8. SUSPENSION AND TERMINATION

Lump Sum Settlement. The Company and the Executive each agree, after Termination of Executive's employment with the Company and upon written request of the other, to negotiate in good faith to reach a lump-sum settlement of all amounts owing to Executive and/or Executive's beneficiaries under the terms of this Agreement, including all amounts owing under Sections 4(e) and 4(f) hereof.

Lump Sum Settlement. Upon separation from the County, employees will be paid a lump sum payment for the balance of accrued vacation leave at a dollar-for- dollar rate. The maximum number of hours eligible for lump sum payment is three hundred twenty (320) hours.

Lump Sum Settlement. In the event the Executive shall be entitled to elect the benefits provided in this Section 15.03 pursuant to the provisions of Sections 5.04 or 15.02 hereof, and the Executive shall have made such election, the Executive shall be entitled to receive a single sum payment in an amount equal to the present value (computed at a rate of 8% interest) of the retirement, disability, or severance benefits otherwise payable hereunder, and which are unpaid at the date at which the election is made. Said single sum shall be due and payable upon the date of such election and amounts remaining unpaid for thirty days thereafter shall bear interest at the rate of 8% compounded annually. This Agreement shall terminate upon payment in full of the benefits provided herein.

Lump Sum Settlement. 1. Upon the beneficiary’s written application, entitlements to spouse’s pension resulting from the death of an active member can be drawn in the form of a single lump-sum settlement. The time limit for this lump-sum settlement is three months. 2. The amount of the lump-sum benefit corresponds to the retirement assets available at the time of the insured event. Once the lump sum has been paid, all claims against the Zusatzkasse are deemed to be settled. 3. Beneficiaries may also draw a part of their benefits as lump-sum capital and the other part as a pension. In this case, the pension and the lump-sum capital will be calculated on a pro rata basis. The pension component may not be lower than CHF 7,200 per year. This decision is non-recurrent and irrevocable. 1. In the event of death of an unmarried active member, disabled person or retired member, surviving partners are entitled to a partner’s pension, if they were designated as beneficiary of the partner’s pension by the deceased member. 2. A person who meets all of the following requirements is regarded as a life partner: a. The person is not married (either to the member or to any other person); b. The person is not related to the member within the meaning of Art. 95, ZGB; c. The person has maintained a life partnership with the deceased member for at least five years prior to the deceased member’s death or was supported by the member before the deceased member’s death to a considerable degree or is responsible for the maintenance of one or more joint children. 3. The claimant is obliged to present evidence that he/she meets the requirements to be considered a life-partner. The following documents serve as evidence: a. For the requirements of paragraph 2, letter a and b: Both life partners’ certificate of civil status b. For life partnerships: Residence certificate c. For the existence of a joint child: The child’s certificate of civil status d. For the child’s maintenance: Certificate from the competent authority 4. The designation of the life partner shall be made in a unilateral declaration with authenticated signature or a contract between both life partners, with the member’s authenticated signature. 5. The member shall submit the designation of the surviving partner in written form to the Zusatzkasse before his/her death. The surviving partner must submit his claim to the Zusatzkasse in writing no later than six months following the member’s death. 6. The entitlement to a partner’s pension starts ...

Lump Sum Settlement. 8 ARTICLE 9 - SICK LEAVE 8 Section 1. Purpose 8 Section 2. Accrual. 8

Lump Sum Settlement a. 85% discount on fines and interest b. 50% discount on legal fees

Lump Sum Settlement. Tenant shall remit to Landlord the sum of $120,000.00 (the "Lump Sum Settlement") in cash or certified funds on or before January 31, 2006.

Lump Sum Settlement. This Optional Form of Retirement Benefit shall only be available upon attainment of Early, Normal, or Postponed Retirement Age and shall provide a single lump sum payment to the Participant in cash or kind. If the Participant dies before actually receiving the lump sum payment, the lump sum payment shall be paid to his Beneficiary.