LOA Amount definition
LOA Amount means the aggregate amount paid by the Seller for life insurance premiums and disability benefits (provided that to the extent the disability benefit received by the applicable LOA Employee is insured by a non-Affiliate of the Seller, this amount shall only include disability insurance premiums) for the applicable LOA Employee related to the period commencing on the Closing Date and ending on the Return Date of such LOA Employee.
Examples of LOA Amount in a sentence
Promptly upon receipt of the Return Notice, the Seller shall provide to the Buyer a written notice specifying the LOA Amount for such LOA Employee (a “Return Amount Notice”), which the Buyer shall pay to the Seller within ten (10) Business Days of the Buyer’s receipt of the Return Amount Notice.