Notice Payments definition

Notice Payments means: (a) all payments and/or benefits paid and/or provided to you during any period of notice of termination of employment (whether notice is served by you or by the Company); and (b) all payments in lieu of notice of termination of employment paid to you by the Company. Any Severance Payments which are paid to you under this Agreement shall offset, be credited towards and reduce the amount of any Notice Payments that may be due to you under this Agreement or under English law.
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Notice Payments means: (a) all salary paid during any period of notice of termination served by the Executive in accordance with clause 3.2 of this Agreement; and (b) any payment in lieu of notice paid to the Executive in accordance with clause 3.3 of this Agreement. Such Severance Pay, if any, shall be paid in twelve substantially equal monthly instalments (without interest, with each instalment equal to approximately 1/12th of the aggregate Severance Pay amount) beginning thirty days after the Executive’s Termination Date. The Company’s obligation to provide such Severance Pay is subject to the condition precedent that the Executive shall not have breached any material term of this Agreement. The Executive shall not be entitled to any additional compensation for termination of employment.
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Examples of Notice Payments in a sentence

  • If such termination occurs within six (6) months of the Effective Date, then the Non-Compete Payment shall equal three (3) months of his base salary, less any Notice Payments.

  • Any and all Notice Payments and/or Severance Payments will be paid in installments (net of required withholding) in accordance with the Company's normal payroll schedule for executives.

  • Notwithstanding the foregoing provisions of this Section 6 to the contrary, the payment to the Executive of the Notice Payments and the Severance Payments shall be suspended for a six (6) month period following the Effective Time to the extent required by Section 409A of the Internal Revenue Code of 1986, as amended.

  • The Executive agrees that the Company’s obligation to pay the Notice Payments and the Severance Payments under this Agreement (even if reduced or terminated as described below) constitute full satisfaction and discharge of the Company’s obligations for payment to him of base salary and severance under the Employment Agreement during any prior notice period and any severance period.

  • LampertTerms of EmploymentPage 4 of 6 Any and all Notice Payments and/or Severance Payments will be paid in installments (net of required withholding) in accordance with the Company’s normal payroll schedule.

  • The combined total of all Severance Payments and any Notice Payments shall not exceed two (2) months’ base salary.

  • If such termination occurs twelve (12) months or more after the Effective Date, then the Non-Compete Payment shall equal twelve (12) months of his then base salary, less any Notice Payments.

  • If the Company terminates the employee for any reason other than cause, or for no reason, and such termination is made effective immediately or at any other time before the expiration of the foregoing 60-day notice period, then the Company shall pay the employee's base salary, in lieu of notice, for the remainder of such notice period (the "Notice Payments").

  • Neither the Notice Payments nor the Severance Payments shall be included in the Executive’s compensation for purposes of the ESOP and the 401(k) Plan.

  • In the event of the Executive’s death, any unpaid balance of the Notice Payments, Severance Payments or consulting fees shall be paid to the Executive’s estate in accordance with the same payment schedule specified in this Agreement.

Related to Notice Payments

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • PURCHASE PAYMENTS [We reserve the right to reject any Purchase Payment.] Minimum Subsequent Purchase Payment: [$500 for both Non-Qualified and Qualified, unless you have elected an automatic sweep program.]

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Service Payment has the meaning given to it in clause 9.1;

  • Additional Payments means the amounts required to be paid by the Company pursuant to the provisions of Section 4.2 hereof.

  • Termination Payments has the meaning specified in Section 10(a).

  • Repurchase Payment for any Repurchased Receivable as of the last day of any Collection Period, means the sum of the Principal Balance thereof as of the beginning of such Collection Period plus interest accrued thereon through the due date for the Obligor’s payment in such Collection Period at the related APR, after giving effect to the receipt of monies collected on such Repurchased Receivable, if any, during such Collection Period.

  • Payments has the meaning set forth in Section 8.11.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • PRE-PAYMENT The Tenant shall: (check one) ☐ - Pre-Pay Rent in the amount of $ for the term starting on and ending on . The Pre-Payment of Rent shall be due upon the execution of this Agreement. ☐ - Not be required to Pre-Pay Rent.

  • Delta Payment means as it is described in this Agreement.

  • Administrative Purchase Payment means, with respect to a Payment Date and to an Administrative Receivable purchased by the Seller or the Servicer as of the end of the related Collection Period, the sum of (a) the unpaid principal balance owed by the related Obligor in respect of such Receivable and (b) interest on such unpaid principal balance at a rate equal to the APR of the related Receivable from the date of last payment by such Obligor to the last day of such Collection Period.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Alternative Compliance Payment or "ACP" means a payment of a certain dollar amount per megawatt hour, which a Retail Electricity Supplier may submit in lieu of supplying the minimum percentage of RECs required under Section 3.3.5 of this Regulation.

  • Bonus Payments means that portion of the bonus payments received by the

  • Payment Amount as defined in Section 3.5.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.