Compensatory Payment definition

Compensatory Payment means any payment hereunder made to an Award Holder in respect of any Ownership Percentage attributable to a Stock Award.
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Compensatory Payment means a payment of the kind mentioned in subsection (2),
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Compensatory Payment. Hours worked in excess of the below specified hours but less than forty (40) shall not be compensated, provided that for such time so worked, compensatory overtime shall be accrued at the rate equal to the time so worked and compensatory time off shall be granted by the Employer within the fiscal year earned at a time convenient to the employee consistent with the operating needs of the Employer, and if not so granted or taken, it shall be liquidated in cash before the end of the fiscal year in which earned. Correctional Officers.................38 3/4 hours Employees in other position classifications except Youth Counselors, Youth Supervisors and Dietary employees in Juvenile Facilities.........37 1/2 hours d) "Work Day and Work Week"
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Examples of Compensatory Payment in a sentence

  • Notwithstanding any other provision of this Agreement, no Compensatory Payments shall, except as provided in Section 3.03(b) and Section 3.03(c), be made under this Agreement other than on the Compensatory Payment Settlement Date.

  • No Existing Stockholder shall have a right to receive any Compensatory Payments (other than the payment contemplated by the preceding sentence) with respect to any ITR Payments made subsequent to the Compensatory Payment Settlement Date.

  • Unless, within nine (9) months following the date of any applicable casualty, Tenant has provided Landlord with satisfactory evidence that it has obtained, or is in the process of and continuing to diligently obtain, the Required Reconstruction Approvals, Tenant shall be deemed to be unable to secure the Required Reconstruction Approvals and to be obligated to make the Compensatory Payment to Landlord (the “Compensatory Payment Date”).

  • Upon Landlord’s receipt of the Compensatory Payment (or upon the occurrence of a Casualty Sale, if earlier), this Lease shall terminate as to the affected Facility and Tenant shall have no further rights or obligations with respect thereto.

  • In the event a Casualty Sale occurs within such three (3) month period, Landlord shall provide Tenant with notice of the closing thereof and a written demand for the Compensatory Payment setting forth in reasonable detail the calculation thereof (the “Compensatory Payment Statement”).


More Definitions of Compensatory Payment

Compensatory Payment means a compensatory payment under Article 2(2) of Council Regulation 1765/92;
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Compensatory Payment has the meaning set forth in Section 10.5.
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Compensatory Payment means the additional amounts payable to the Service Provider by BBMP and calculated in the manner set out in Clause 7.6.
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Compensatory Payment has the meaning given to it in Clause 13.1;
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Compensatory Payment. As defined in Section 14.2(a).
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Compensatory Payment means $780,000 until September 30, 2002, and on October 1, 2002, the Compensatory Payment shall mean $715,000 (a reduction of $65,000). On the first day of each calendar month thereafter, the Compensatory Payment shall be further reduced by $65,000 per month until June, 2003. Thereafter the JV shall not be responsible for the payment of any Compensatory Payment. The Compensatory Payment shall be due and payable by the JV within 30 days after the last day of the month in which the Trigger Event occurs and under no circumstances shall the JV be required to pay the Compensatory Payment more than once.”
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Compensatory Payment. Hours worked in excess of the below specified hours but less than forty
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