ESCP Benefit(s definition

ESCP Benefit(s means the Normal Retirement Benefit or Reduced Normal Retirement due an ESCP Participant, Surviving Spouse, Beneficiary or estate as a result of termination of employment of an ESCP Participant with a Vested Percentage, an ESCP Participant’s Disability while employed by an Alcon Affiliated Company or an ESCP Participant’s death.

Examples of ESCP Benefit(s in a sentence

  • An ESCP Participant still receiving LTD benefits at Separation from Service at or after Normal Retirement Age shall have his ESCP Benefits reduced by the LTD benefits paid for the same month on a dollar for dollar basis.

  • Conclusions will be drawn for the overall compilation of respondents’ comprising of pharmacists in the North West region with different job descriptions (occupations), levels of experience as registeredpharmacists, corporate experience and exposure to formal business management training.

  • Any applicable percentage adjustment shall commence not earlier than the January payment immediately following the commencement of ESCP Benefits.

  • The first payment made to such ESCP Participant who is a Specified Employee shall be made on the second day following the expiration of six months following such ESCP Participant’s Separation from Service and such first payment shall equal six monthly payments of ESCP Benefits and thereafter the payments shall be made as otherwise provided herein on a monthly basis.

  • If a vested ESCP Participant’s employment is terminated voluntarily or involuntarily by retirement or otherwise, such ESCP Participant must agree not to compete in the same or substantially similar businesses as those in which Alcon and its Alcon Affiliated Companies are engaged at the time of termination of employment for a period of five (5) years or the ESCP Participant will forfeit all ESCP Benefits.

  • ESCP Benefits paid before Separation from Service at or after Normal Retirement Age shall be subject to the Applicable Penalty Percentage described in subparagraph 3.01(b)(ii).

  • At the time of the ESCP Participant’s death, if there is no Surviving Spouse, ESCP Benefits shall be paid to the ESCP Participant’s Beneficiary or estate until such time as the total combined months benefit payments have been made to the ESCP Participant or ESCP Participant’s Beneficiary or estate, as the case may be, equal the guaranteed minimum benefit period.

  • Furthermore ‘directors, administrators and employees of bodies involved in an adoption préparatoires.

  • The provisions of this Article V supersedeall other provisions of the ESCP regarding benefit calculation and payment; however, this Article V does not affect ESCP Benefits of ESCP Participants, Surviving Spouses, Beneficiaries, or estates being paid or pending ESCP Benefits of ESCP Participants who Separated from Service prior to Early Retirement Age at the time Nest1é S.A. ceases to hold Majority Ownership of the Alcon Affiliated Company.

  • In the event an ESCP Participant dies prior to receiving ESCP Benefits for the entire guaranteed minimum benefit period, the ESCP Participant’s Surviving Spouse shall receive a semi-monthly benefit equal to one hundred percent (100%) of the ESCP Participant’s ESCP Benefit until such time as the total combined months of benefit payments to the ESCP Participant and the Surviving Spouse equal the ESCP Participant’s guaranteed minimum benefit payment period.

Related to ESCP Benefit(s

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

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

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

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

  • Employment benefits means all benefits provided or made

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Vested Benefits means amounts that are vested or that Executive is otherwise entitled to receive, without the performance by Executive of further services or the resolution of a contingency, under the terms of or in accordance with any investment and savings plan or retirement plan (including any plan providing retiree medical benefits) of the Company or its affiliates, and any ERPs or ESPs related thereto, and any deferred compensation or employee stock purchase plan or similar plan or program of the Company or its affiliates.

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

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • 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.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Change in Control Benefits means the following benefits:

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • Termination Benefit means the benefit set forth in Article 7.

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

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

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

  • Relevant Benefits means any pension, annuity, lump sum, gratuity or other like benefit given or to be given on retirement or death, or in anticipation of retirement.

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • 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)

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

  • Disability benefit recipient means a member who is receiving a disability benefit.