Employment Payment definition

Employment Payment means the lump sum payment from the qualified settlement fund that a Priority Hire will receive in lieu of retroactive pension benefits.
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Employment Payment has the meaning set forth in Section 3.3.4.
Sample 1

Examples of Employment Payment in a sentence

  • Copies of the Corporation notices issued to employees concerning ineligibility for a Voluntary Termination of Employment Payment will be furnished to the Union.

  • No seniority used to determine the amount of a previous Voluntary Termination of Employment Payment Plan shall be used in determining a subsequent Voluntary Termination of Employment Payment.

  • Employment Classifications POLICY: Employment Payment of WagesSECTION: 4-2PAGE: ONE OF ONE ORIGIN DATE: DECEMBER 1, 1998 REVISED DATE: MARCH 01,2019 REVIEW DATE: FEBRUARY 13, 2019APPROVED BY: BOARD OF DIRECTORS Staff wages and salaries will be paid by check bi-weekly.

  • An employee who receives a Voluntary Termination of Employment Payment, and who is subsequently re-employed by the Company will not be eligible for any future Voluntary Termination of Employment Payment until the Employee has worked five (5) years and thereafter becomes eligible for any future Voluntary Termination of Employment Payment that may be available under the Voluntary Termination of Employment.

  • The Voluntary Termination of Employment Payment payable to an eligible employee who shall meet the conditions of eligibility set forth in Section 1 of this Plan shall be an amount in accordance with the employee's years of seniority on the date the employee shall apply for such payment.

  • Age and education emerge as the two most important determinants of the probability of receiving an open-ended contract, which is consistent with what we know on how labor market opportunities change over time and across workers.Immigrant workers are significantly less likely than natives to make a transition from a temporary to an open-ended contract.

  • An employee who accepts a Voluntary Termination of Employment Payment shall cease to be an employee and shall have seniority broken at any and all of the Company's plants and locations as of the date the employee's application for a Voluntary Termination of Employment Payment is received by the Company.

  • Any Voluntary Termination of Employment Payment to an eligible employee will be reduced by the employee's outstanding debts to the Company or to trustees of any Company benefit plan or program plus the amount of any pay in lieu of notice of termination of employment, mass termination or plant closing or smaller payment required under Federal or Provincial law.

  • If the Company determines after issuance of a Voluntary Termination of Employment Payment that the payment should not have been issued or should have been issued in a lesser amount, written notice thereof shall be mailed to the former employee and such former employee shall return the amount of the overpayment to the Company.

  • The Company shall deduct from the amount of any Voluntary Termination of Employment Payment as computed under this Plan any amount required to be withheld by the Company by reason of any law or regulation, for payment of taxes or otherwise to any federal, provincial, or municipal government.

Related to Employment Payment

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Employment benefits means all benefits provided or made

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • 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).

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Employment Tax means any Tax the liability or responsibility for which is allocated pursuant to the Employee Matters Agreement.

  • employment zone means an area within Great Britain designated for the purposes of section 60 of the Welfare Reform and Pensions Act 1999 and an “employment zone programme” means a programme established for such an area or areas designed to assist claimants for a jobseeker’s allowance to obtain sustainable employment;

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Severance Date means the date on which an Eligible Employee incurs a Severance.

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Bereavement Pay Benefits means the benefits as set out in Article II hereof.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Employment outcome means, with respect to an eligible individual, entering, advancing in, or retaining full-time or part-time competitive integrated employment as defined in 34 CFR §361.5(c) (9) (including customized employment, self-employment, telecommuting, or business ownership), or supported employment as defined in 34 CFR §361.5(c) (53), that is consistent with an individual's unique strengths, resources, priorities, concerns, abilities, capabilities, interests, and informed choice. (Note: As specified in federal rule, a designated State unit may continue services to individuals with uncompensated employment goals on their approved individualized plans for employment prior to the effective date of the final federal regulations until June 30, 2017, unless a longer period of time is required based on the needs of the individual with the disability, as documented in the individual's service record.)

  • Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.

  • Post-Employment Period is defined in Section 8.2.

  • Change in Control Benefits means the following benefits:

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Severance Period means the period of time commencing on the date of an occurrence of a Change of Control and continuing until the earlier of (i) the date which is one and one-half years following the occurrence of the Change of Control, and (ii) the Executive's death.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Date of Employment means the first day an Employee performs an Hour of Service.

  • Termination of Employment means that the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company.

  • Severance Term means the six (6) month period following Employee’s termination by the Company without Just Cause (other than by reason of death or Disability) or by Employee for Good Reason; provided, that if such termination occurs within twelve (12) months following a Change in Control, the Severance Term shall be the twelve (12) month period following such termination.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.