Executive Payment means with respect to any Executive, (i) an amount equal to 100% of such Executive’s Base Compensation for the year in which the Executive Payment is to be made plus (ii) such Executive’s Additional Compensation plus (iii) an amount equal to 100% of the greater of (a) such Executive’s most recent annual Bonus (including Bonus payments made by the Company or its predecessors and whether or not paid at the time of the Change of Control) or (b) the Projected Annual Bonus for the calendar year in which the Change of Control occurs.
Executive Payment means any bonus, change of control, or deferred compensation payment or other amount (including all withholding and other payroll Taxes required to be paid by the employee or the Company) due and payable to any employee of the Company by the Company, Buyer or the Shareholders subject to the occurrence of, and upon, the consummation of the transactions contemplated by this Agreement.
Executive Payment means any bonus, change of control, or deferred compensation payment or other amount (including all withholding and other payroll Taxes required to be paid by the employee or the Company) due and payable to any employee of the Company by the Company, Buyer or the Shareholders subject to the occurrence of, and upon, the consummation of the transactions contemplated by this Agreement. (kkk) “Facilities” has the meaning set forth in the recitals of this Agreement. (lll) “Final Allocation Schedule” has the meaning set forth in Section 5.2(e)(iii). (mmm) “Final Closing Balance Sheet” has the meaning set forth in Section 2.4(g). (nnn) “Final Closing Cash” has the meaning set forth in Section 2.2(c). (ooo) “Final Closing Net Working Capital” means the Net Working Capital as reflected on the Final Closing Balance Sheet. (ppp) “Final First Year Earn-Out Payment” has the meaning set forth in Section 2.2(d).
Examples of Executive Payment in a sentence
As regards cross border credit transfer, an Executive Payment Systems Committee was set up earlier this year to take over the payment task force to formulate rules and regulations for the payment systems.
The aggregate amount of any payments that would otherwise have been made during such six (6) month period shall be paid in a lump sum on the Specified Executive Payment Date, without interest, and thereafter, any remaining payments shall be paid without delay in accordance with their original schedule.
Payment will be made after completion of work on pro-rata basis based on actual Services provided as per BOQ after acceptance and certification of Area in charge (BHEL Executive) Payment shall bemade within 30 days of submission of bill complete in all respect.
Potential Payments upon Termination of Employment or a Change in Control: 2019 Name Executive Payment on Termination Involuntary Not for Cause Termination ($) Change in Control ($) Death ($) Disability ($) Leigh R.
According to an HMSA official, the company’s Executive Payment Policy Committee has yet to approve reimbursement for occupational therapy services for medical plans that previously did not reimburse those services because occupational therapists were not licensed.
More Definitions of Executive Payment
Executive Payment means, except as listed on Schedule 8.18(ppp), any bonus, change of control, or deferred compensation payment or other amount (including all withholding and other payroll Taxes required to be paid by the employee or any Company) due and payable to any employee of any Company by any Company, Buyer or any Seller as a result of the acquisition of the Equity Interests, whether payable prior to, on or after the Closing, including, without limitation, the Final 2016 Incentive Compensation Amount.
Executive Payment means any bonus, change of control payment or other amount (including all withholding and other payroll Taxes payable by the Executive or the Company) due and payable to any Executive by the Company, Buyer or Seller upon the consummation of the transactions contemplated by this Agreement.
Executive Payment has the meaning set forth in Section 5.5.
Executive Payment with respect to any Executive means, an amount equal to (i) an amount equal to such Executive's Base Salary for the year in which the Executive Payment is to be made plus (ii) an amount equal to one-half of such Executive's aggregate Bonuses for each of the two years prior thereto.
Executive Payment as used herein shall mean the sum of all annual salary, Bonuses and other benefits owing to Employee (as determined in accordance with Section 280G(d)(4) of the Code) for the period from Employee's date of termination hereunder through the remainder of the Initial Term of this Agreement, as may be extended. In the event the period from the date of Employee's termination hereunder through the remainder of the Initial Term of this Agreement, as may be extended, is less than twelve (12) months, then the Employee shall receive three times the "Executive Payment" computed as follows: (i) the current annual salary and the value of all other benefits payable to the Employee annualized for a twelve (12) month period, and (ii) an amount equal to any Bonus that would have been paid for such period of less than twelve (12) months based on an extrapolation of SEC's Pretax Adjusted Annual Income for the full quarterly periods from the end of the most recent fiscal year to the date of termination (all as determined in accordance with Section 280G(d)(4) of the Code), provided, however, that if Employee's termination of employment hereunder occurs in the first fiscal quarter of a fiscal year, then the Bonus shall be based on SEC's Pretax Adjusted Annual Income for the immediately preceding fiscal year. The Executive Payment shall be in addition to and shall not be offset or reduced by (i) any other amounts that have been earned or accrued or that have otherwise become payable or will become payable to the Employee or his beneficiaries, but have not been paid by SEC or the Subsidiary at the time the Employee gives the Notice of Exercise including, without limitation, salary, bonuses, severance pay, consulting fees, disability benefits, termination benefits, retirement benefits, life and health insurance benefits or any other compensation or benefit payment that is part of any previous, current or future contract, plan or agreement, written or oral, and (ii) any indemnification payments that may have accrued but not paid or that may thereafter become payable to the Employee pursuant to the provisions of SEC's and the Subsidiary's Articles of Incorporation, Bylaws or similar policies, plans or agreements relating to indemnification of directors and officers of SEC and the Subsidiary under certain circumstances. The Executive Payment shall not be reduced by any present value calculations. In the event the Employee dies during the term of this Agreement, the Employee's legal r...
Executive Payment means any bonus, change of control payment or other amount (including all withholding and other payroll Taxes payable by the employee or a Company) fully earned by, and due and payable to, any employee by any Company (or Affiliate thereof) or Purchaser (i) at or prior to the Closing or (ii) solely by reason of the consummation of the transactions contemplated by this Agreement (but specifically excluding any double trigger change in control payments where the second trigger is the termination of employment after the Closing Date), including any retention or other amount (including all withholding and other payroll Taxes payable by the employee or a Company) fully earned by, and due and payable to, any employee by any Company or Purchaser under the Special Incentive Award Program for Selected Employees of U.S. Pipe.
Executive Payment means any bonus, change of control, severance, termination or other analogous payment due and payable by any of the Companies to any officer, director or employee of any of the Companies or any other Person upon (and as a direct or indirect result of) the consummation of the transactions contemplated by this Agreement (other than the Option Cancellation Payments and any payments or benefits (i) payable as a result of Purchaser offering, or Purchaser causing any of the Companies to offer, any such payment or benefit to any officer, director or employee of any the Companies or (ii) potentially payable following the Closing pursuant to an agreement disclosed to Purchaser that would be triggered by a termination of employment or engagement of any officer, director or employee of any of the Companies on or following the Closing); provided, however, that Executive Payment shall not include any payment or obligation that has been paid or satisfied prior to the Closing.