Payment of Salary and Benefits. The payment of salary, benefits and the timing of the one (1) year of leave of absence shall be as follows:
Payment of Salary and Benefits. The payment of salary and benefits, and the period of the leave of absence shall be as follows:
Payment of Salary and Benefits. Employee acknowledges and represents that the Company has paid all salary, wages, bonuses, accrued vacation, commissions and any and all other benefits due to Employee through the Resignation Date. Employee ceased accruing employee benefits, including, but not limited to, vacation time and paid time off, as of the Resignation Date.
Payment of Salary and Benefits. Payment of salary and benefits shall be made within 10 (ten) days following the occurrence of any of the events described above, in a lump sum amount, less applicable taxes. At the Employer's election, payment of salary and benefits shall be in lieu of any or all other severance or termination benefits otherwise due Employee, other than those required by law. BINDING NATURE This Employment Agreement shall be binding upon the Company, its successors and assigns.
Payment of Salary and Benefits. Executive acknowledges and represents that the Company has paid all salary, wages, bonuses, accrued vacation, commissions and any and all other benefits due to Executive as of the date of this Agreement. Executive acknowledges and agrees that he is not entitled to any severance or compensation from the Company, except as specifically set forth in this Agreement.
Payment of Salary and Benefits. Tan acknowledges and represents that, except as explicitly set forth in Section 8 of the Consulting Agreement, the Company has paid all salary, wages, bonuses, accrued vacation, commissions and any and all other benefits due to Tan. Tan ceased accruing employee benefits, including, but not limited to, vacation time and paid time off, as of the New CEO Employment Date.
Payment of Salary and Benefits. The payment of salary and benefits, and the period of the leave of absence shall be as follows: In the period of the programme, preceding the period of the leave, the employee will be paid a reduced percentage, in accordance with section above, of the employee's annual salary. The remaining percentage of annual salary will be deferred and this accumulated amount plus any interest earned shall be for the participant by the Society to finance the period of leave. The calculation of interest under the terms of this Plan shall be monthly (not in advance). The interest paid shall be that which is afforded to the Society to the month end balance of the trust account established for the purposes of the Prepaid Leave Plan as set out in writing by the Bank Branch with which the Society deals. Interest, calculated as above, shall be applied once every six (6) months on a compounded monthly basis, the first credit to be six (6) months following the initial deposit. A yearly statement of the amount standing in the participant's credit will be sent to the participant by the Society. During the period of the programme prior to the leave, any benefits related to the salary level, shall be structured according to the salary the participant would have received in the period concerned had the participant not been in the Plan. A participant's coverage for life insurance, extended Health and Dental Plan coverage will be maintained by the Society during the leave of absence, if eligibility conditions permit; however, the premium costs of all such plans shall be paid by the participant to the Society during the leave. During the period of the programme that the employee is on leave, any benefits related to salary level shall be structured according to the salary the participant would have received in the period prior to taking the leave had the participant not been in the Plan. At the commencementof the period of leave, the Society shall pay to the participant the monies standing to the participant's credit less any premiums or contributions deducted for the leave, except as may otherwise be mutually agreed. If by mutual agreement, the employee chooses to have some of the deferral amount withheld during the leave then interest shall be paid on the balance withheld. All monies deferred including interest must be paid out by the end of the leave period.
Payment of Salary and Benefits. 2.1 The Company will pay to the Employee his normal remuneration including his accrued but untaken 13 days holiday pay and benefits including his monthly Car Allowance of GBP792 per month up to and including the Termination Date (less such sums as the Company is obliged by law to deduct by way of income tax and employee National Insurance contributions).
Payment of Salary and Benefits. Except as otherwise set forth in this Agreement, Executive and the Company acknowledge acknowledges and represents that the Company has settled all salary, wages, accrued vacation, tax equalization payments and any and all other benefits due to Executive as of the Effective Date.
Payment of Salary and Benefits. While on Leave of Absence for Union Duties The Corporation agrees to continue to pay the regular salary and benefits of an employee on approved leave of absence for union duties, and the Union agrees to reimburse the Corporation for all payments made to the employee during the leave of absence.
