Customarily Provided definition

Customarily Provided refers to Company practices and plans with respect to employee benefits and compensation in effect as of the Termination Date. For purposes of this provision, however, it is understood that the Employee, during the Transition Period, will not be entitled to any new grants of interest in any applicable future bonus pool, nor to any new grants of stock options. It is further understood that the Employee will not be entitled to payment of any compensation that is deferred past the Transition Period due to payment criteria of any incentive program, as those criteria existed as of the Termination Date. No action by the Company or the Company's Board of Directors may affect the Employee's receipt of the benefits set forth above, other than as provided herein.
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Examples of Customarily Provided in a sentence

  • Appointee understands that this present assignment includes but is not limited to all inventions Appointee conceives or reduces to practice in the course of performing University Sponsored Research and/or using University Resources Beyond Those Usually and Customarily Provided unless otherwise agreed to in writing with the University (collectively, “University Intellectual Property”).

  • Resources Usually and Customarily Provided: Includes such support as office space, library facilities, ordinary access to computers and networks, or salary.

  • The term "Customarily Provided" refers to Company practices and plans with respect to employee benefits and compensation in effect as of the Termination Date.

  • Provided the Employee complies with the terms of this Agreement, the Employee will receive during the Transition Period all benefits Customarily Provided (as defined below) to similarly situated employees of the Company, including, but not limited to, any applicable salary, bonus, and the continued vesting of any granted stock options, as if the Employee's employment had continued during that period.

  • C.II.G.1. University Resources Usually and Customarily Provided – includes, but is not limited to, salary and support such as office space, library facilities, access to computers and networks, research and instructional facilities/equipment, and support-staff assistance, as long as such salary and support do not constitute Significant University Support.

Related to Customarily Provided

  • Usual and Customary (U&C) shall mean covered expenses which are identified by the Plan Administrator, taking into consideration the fee(s) which the Provider most frequently charges the majority of patients for the service or supply, the cost to the Provider for providing the services, the prevailing range of fees charged in the same “area” by Providers of similar training and experience for the service or supply, and the Medicare reimbursement rates. The term(s) “same geographic locale” and/or “area” shall be defined as a metropolitan area, county, or such greater area as is necessary to obtain a representative cross-section of Providers, persons or organizations rendering such treatment, services, or supplies for which a specific charge is made. To be Usual and Customary, fee(s) must be in compliance with generally accepted billing practices for unbundling or multiple procedures.

  • Independently procured insurance means insurance procured under Section 31A-15-104.

  • Reasonable and Customary means, in relation to a charge for Medical Service, such level which does not exceed the general range of charges being charged by the relevant service providers in the locality where the charge is incurred for similar treatment, services or supplies to individuals with similar conditions, e.g. of the same sex and similar Age, for a similar Disability, as reasonably determined by the Company in utmost good faith. The Reasonable and Customary charges shall not in any event exceed the actual charges incurred.

  • Reasonable and Customary Charges means expenses which:

  • Usual and Customary Charges means those comparable charges for similar treatment, services and supplies in the geographic area where treatment is performed.