Pension Payment Sample Clauses

Pension Payment. In addition to the salary paid according to the Salary Schedules, the Board shall pay the 9.4% employee portion of TRS pension for all teachers to the Teachers’ Retirement System (actually reflects +10.3753% of salary schedule amount). The Board will also pay .5% of the teachers’ portion contribution to the Teachers’ Retirement System for the purpose of the Teachers’ Health Insurance Security Fund (THIS).
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Pension Payment. The Board shall pay full individual retirement.
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Pension Payment. The Company shall pay the Executive a supplemental pension benefit equal to the lump sum benefit which the Executive would be entitled to receive under the Star Banc Employees' Pension Plan if the Executive were 100% vested and had two (2) additional years of service minus the lump sum benefit actually payable to the Executive under the Star Banc Employees' Pension Plan. Payment of this supplemental pension benefit shall be made within thirty (30) days of the Date of Termination.
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Pension Payment. Notwithstanding anything contained in the Agreement, Executive shall be entitled to receive the pension payments described in Section 6.2 of the Agreement, contingent upon Executive’s continued employment as CEO or service as Executive Chairman continuously through December 31, 2009.
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Pension Payment. The Board will pay the 9% pension deduction for the duration of this contract on the same calculation basis as used under the previous contract. If the TRS member contribution is reduced by law, the teacher contribution shall be reduced using the same calculation basis as used under the previous contract. If the TRS member contribution is increased by law, the Board will add one-half of the percentage increase to the 9% factor that is currently in effect, up to a maximum increase to the 9% factor of 1%. For example: • If the TRS member contribution increases by the amount of 1%, the Board will increase the 9% factor to 9.5%. • If the TRS member contribution increases by the amount of 3%, the Board will increase the 9% factor to 10%. In addition, the Board will continue to pay the T.H.I.S. employer contribution and teachers shall continue to pay, as a deduction from earnings, the employee T.H.I.S. contribution.
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Pension Payment. Executive shall be entitled to receive a pension payment of $640,000 for each of the 10 years following Executive’s separation of employment with the Company, contingent upon Executive’s continued employment (or deemed continued employment pursuant to Section 7.5) with the Company as Chief Executive Officer until the earliest to occur of: (i) the fourth anniversary of the Agreement Date, (ii) the date of the Executive’s termination of employment by the Company without Cause or by the Executive for Good Reason during the Employment Period, or (iii) a Change of Control. If Executive’s employment as Chief Executive Officer with the Company terminates prior to any such date (subject to Section 7.5), other than a termination by the Company without Cause or by the Executive for Good Reason, the pension payment amount shall be forfeited without further action required by the Company or Holdings. The pension payment will be paid on January 31 of each of the 10 years following the Executive’s severance of employment with the Company.
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Pension Payment 
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Related to Pension Payment

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account.

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Down Payment The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.

  • Non-Payment The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

  • Separation Payment An ASF Member shall be compensated at the final rate of pay for all unused, accumulated vacation, leave time upon separation from state service, or movement to a vacation ineligible position. An employee on an unpaid leave of absence of more than one (1) year for a purpose other than accepting an unclassified position in state civil service, or an employee on layoff that results in separation from service, may elect to be compensated at the final rate of pay for unused accumulated vacation leave. This accumulated vacation payout shall not exceed two hundred and seventy-five (275) hours, except in the case of the ASF Member's death. Calculation of an ASF Member's hourly rate for purposes of computing vacation separation payment shall be based upon a base of two thousand eighty-eight (2,088) working hours per year. Appointment periods of less than one

  • Retention Payment 6.4.1 There are two situations in which an employee may be eligible to receive a retention payment. These are total facility closures and relocation of work units.

  • Rental Payment Commencing on the Commencement Date, Tenant agrees to pay Rent (defined below) in monthly installments on or before the first day of each calendar month during the Term, in lawful money of the United States of America to the following address or to such other address as Landlord may designate from time to time in writing: Cousins Fund II Phoenix III, LLC, X.X. Xxx 000000, Xxxxxx, XX 00000-0000; provided, however, that the first full monthly installment of Base Rent due after the Abatement Period shall be paid in advance on the date of Tenant’s execution of this Lease and shall be applied to the first full monthly installment of Base Rent due hereunder after the expiration of the Abatement Period. Tenant agrees to timely pay all Base Rent, Additional Rent, defined below, and all other sums of money which become due and payable by Tenant to Landlord hereunder (collectively “Rent”), without abatement, demand, offset, deduction or counterclaim except as provided herein. If Tenant fails to pay part or all of the Rent within five (5) days after it is due, Tenant shall also pay (i) interest at the Default Rate, defined below or the maximum then allowed by law, whichever is less, on the unpaid Rent, plus (ii) a late charge equal to five percent (5%) of the unpaid Rent; provided, however, that Landlord is required to provide Tenant with written notice of such failure and a five (5) day period within which to cure such failure one (1) time during each calendar year of the Term before it can impose the late charge on Tenant. Landlord may assess a reasonable fee to Tenant for any checks made payable to Landlord that are returned unpaid by Tenant’s bank for any reason. If the Term does not begin on the first day of a calendar month, the installment of Rent for that partial month shall be prorated.

  • Termination Pay Effective upon the termination of this Agreement, the Employer will be obligated to pay the Executive (or, in the event of his death, his designated beneficiary as defined below) only such compensation as is provided in this Section 6.5, and in lieu of all other amounts and in settlement and complete release of all claims the Executive may have against the Employer. For purposes of this Section 6.5, the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Employer from time to time or, if the Executive fails to give notice to the Employer of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence, the Employer will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

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