Compensation Ending Date definition

Compensation Ending Date means the last day of the Severance Period (as defined in Paragraph 10). Deferred Compensation shall not be due during a Severance Period unless Employee's Employment is terminated upon or within twelve months following a Change in Control, in which case the terms of Paragraph 10.E.(iv)(b) will apply. Upon the Deferred Compensation Ending Date, the following shall occur:
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Examples of Compensation Ending Date in a sentence

  • Notwithstanding any other provision of this Agreement to the contrary, after the Deferred Compensation Ending Date, (A) the Company’s obligation under the Prior Severance Agreement to pay the annual premium due on the policy shall terminate and (B) the Company shall have no further obligation to fund any premium payments in excess of the amount funded as of the Effective Date, which amount is set forth in the first paragraph of this Section 5.E.

  • After the Effective Date, the Company will credit Deferred Compensation at the rate of seventy-five percent (75%) of ▇▇▇▇▇▇▇’▇ annual base salary until the Deferred Compensation Ending Date.

  • After the Deferred Compensation Ending Date, (A) the Company’s obligation to credit Deferred Compensation for the benefit of ▇▇▇▇▇▇▇ shall terminate and (B) the Company shall have no further obligation to accrue any additional Deferred Compensation for the benefit of ▇▇▇▇▇▇▇.

  • From and after the Effective Date and up to and including the Deferred Compensation Ending Date, the amount of the annual premium the Company pays shall equal $146,250 (which is seventy-five percent (75%) of ▇▇▇▇▇▇▇’▇ annual base salary in effect on July 29, 2002) in each year the Company is obligated to fund the premium as described herein.

Related to Compensation Ending Date

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Compensation Event means any of the following events or circumstances if and to the extent that it interferes adversely with, or causes a failure of, the carrying out of the Design, the Construction or the Services, causes an Unavailability Event or causes Direct Losses to Project Co or any Project Co Person:

  • Termination Compensation means a monthly cash amount equal to one-twelfth (1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).