Interim Compensation definition

Interim Compensation shall consist of 100% of -------------------- Executive's Previous Salary and Previous Benefits, provided that if at any time -------- during the Interim Period Executive obtains other employment, Executive's Interim Compensation shall during the period of such employment be reduced (but not less than zero) by the amount of salary and benefits received as compensation for such other employment.
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Interim Compensation means monies paid to victims by the TRRC from its reparations fund;
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Interim Compensation shall have the meaning set forth on SCHEDULE 2.1(H)(II).
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Examples of Interim Compensation in a sentence

  • Upon the Confirmation Date, any requirement that Professionals comply with sections 327 through 331, 363, and 1103 of the Bankruptcy Code or the Interim Compensation Order in seeking retention for services rendered after such date shall terminate, and the Debtors may employ any Professional in the ordinary course of business without any further notice to or action, order, or approval of the Bankruptcy Court.

  • If there is no Severance Pay, the Company shall during the period from Termination until such time as the Company elects the duration of the Noncompetition Period (the "Interim Period"), pay Executive his Interim Compensation (unless Executive -------------- breaches his obligations under this paragraph 7, it being understood that in such case Executive shall continue to be bound by such obligations as if the Company were continuing to pay Interim Compensation).

  • If you receive Interim Compensation, we may require you to pay our Disbursements at that point and a reasonable amount for our future Disbursements.

  • The Parties further acknowledge that during the Interim Period, the Executive has been entitled to receive compensation from the Company in the amount of $1,500 per day or fractional equivalent thereof, as applicable (the "Interim Compensation").

  • If the holders of a majority of the Fund's outstanding voting securities do not approve an investment advisory agreement with the Adviser within 150 days of the effective date of this Agreement, the Adviser will be paid the lesser of (a) any costs incurred in performing under this Agreement; or (b) the full Interim Compensation (including any interest earned, if applicable).

  • The Parties acknowledge that during the Second Interim Period, the Executive has been entitled to compensation at the rate of $125,000 per year, with a guaranteed bonus the pro rata portion of $50,000 per year ("Second Interim Compensation").

  • In full satisfaction of the Company's obligation to pay such Second Interim Compensation, the Company has paid to the Executive his pro-rata salary for this period and has issued to the Executive options to acquire 410,000 shares of common stock under the Company's 2004 Omnibus Incentive Plan (the "Plan").

  • In full satisfaction of the Company's obligation to pay such Interim Compensation, the Company has issued the Executive 46,875 shares of its common stock together with warrants to acquire 8,844 shares of common stock at an initial exercise price of $2.00 per share.

  • Except as otherwise provided in the Plan and subject to Article IX.A, Professionals shall be paid pursuant to the Interim Compensation Order.

  • The Adviser may, but is not required to, opt to waive any interest from such account and/or permit the Interim Compensation to be held in a designated Trust account rather than an interest-bearing escrow account.

Related to Interim Compensation

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • 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).

  • Basic Compensation means Salary and Benefits.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Final compensation of a member means: