Lump Sum Payment definition

Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).
Lump Sum Payment means a one-time payment, consistent with other one-time payments sometimes referred to as signing bonuses. “Lump sum payment” explicitly does not include the continuation or renewal of lump sum payments currently provided in existing comparator agreements between employers and unions listed in Clause 1.1 of this
Lump Sum Payment means a single payment that is not anticipated to continue.

Examples of Lump Sum Payment in a sentence

  • Eligible employees will receive a lump sum payment based upon the schedule below: Age & Service Lump Sum Payout Below 80 52 weeks 80-81 52 weeks 82-83 48 weeks 84-85 44 weeks 86-87 40 weeks 88+ 36 weeks *Lump sum payment for Regular Part-time employees shall be prorated as follows: For severance purposes, service is represented as the sum of (i) any period or periods of Regular Full-Time employment and (ii) any period or periods of Regular Part-Time employment, pro-rated accordingly.


More Definitions of Lump Sum Payment

Lump Sum Payment means a single sum distribution of the entire value of a Participant’s Account.
Lump Sum Payment. The payment to be made by Company to Seller in exchange for Seller making the Net Energy Potential of the Facility available for dispatch by Company. When necessary to account for the availability of some but not all inverters, the amount of the monthly Lump Sum Payment is to be allocated pro rata to each inverter and shall be calculated and adjusted as provided in Section 3 (Calculation of Lump Sum Payment) of Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.
Lump Sum Payment shall have the meaning set forth in Section 4.31 hereof.
Lump Sum Payment means a member receives the total amount in the member’s ASRS account to which the member is entitled by law.
Lump Sum Payment. The payment to be made by Company to Seller in exchange for Seller making the Net Energy Potential of the Facility available for dispatch by Company. When necessary to account for the availability of some but not all WTGs, the amount of the monthly Lump Sum Payment is to be allocated pro rata to each WTG and shall be calculated and adjusted as provided in Section 3 (Calculation of Lump Sum Payment) of Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.
Lump Sum Payment means the payment to be made by Company to Seller in exchange for Seller making the Energy Storage Services of the Facility available for Company Dispatch/Charge, based on the pricing Seller submitted in its RFP Proposal.
Lump Sum Payment means a payment of accumulated contributions standing to a participant's credit under sections 742.01 to 742.61 or Chapter 145., 3307., 3309., or 5505. of the Revised Code or pursuant to a contract a participant has entered into for the purposes of an alternative retirement plan and any other payment made or that may be made to a participant under those sections or chapters on withdrawal of a participant's contributions. "Lump sum payment" includes a lump sum payment under section 145.384, 742.26, 3307.352, or 3309.344 of the Revised Code.