Eligible Termination Payment definition

Eligible Termination Payment means a payment which constitutes the whole or part of an eligible termination payment within the meaning assigned to that expression by Section 27A(1) of the Tax Act.
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Eligible Termination Payment means a payment that can be rolled over within the superannuation system in accordance with the Act.
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Eligible Termination Payment. , in relation to a taxpayer, means:
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Examples of Eligible Termination Payment in a sentence

  • The Company will pay the following severance pay to casual employees as follows: $1000 per year of service less any applicable taxation (as part of the Eligible Termination Payment).

  • In the event of an incomplete year of service, employees shall receive 1 weeks pay for each three months of service; and A Vocational Re-skilling Payment of $60,000 less any applicable taxation (as part of the Eligible Termination Payment); except Severance pay for part-time staff would be paid on a pro-rata basis according to the average of ordinary hours worked over the preceding 12 months; and Any employee employed after 30 June 2005 will not qualify for any Vocational Re-skilling Payment.

  • Upon ADA Termination, ADA must make payment to JW of the greater of all remaining amounts that would have been paid to JW as remuneration had the relevant three year term of the contract been completed by both parties, or one (1) years remuneration (based on remuneration at the time of ADA Termination), such payments to be in Eligible Termination Payment form.


More Definitions of Eligible Termination Payment

Eligible Termination Payment. , in relation to a taxpayer, means any of the following:
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Eligible Termination Payment means an amount deemed under the ITA Act to have been expended out of an eligible termination payment within the meaning of that Act.
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Related to Eligible Termination Payment

  • Eligible Termination means the involuntary termination of Participant’s employment without Cause, provided that at the time of such termination Participant is a Senior Officer and has completed at least ten (10) years of service as a Senior Officer.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

  • Termination Payments has the meaning specified in Section 10(a).

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.