Examples of Pay Continuation in a sentence
Payments of such substantially equal installments over Participant's Benefit Pay Continuation Period shall be payable in advance at the same frequency as base salary payments to Participant immediately prior to the Qualifying Event.
Except as otherwise provided by an applicable pension plan and, subject to the requirements for qualification of Section 401(a) of the Code, only the first twelve (12) months of the Severance Period, Pay Continuation and Prorated Annual Incentive Compensation will be recognized for purposes of the vesting and pension calculation provisions of the AlliedSignal Inc.
Workers Compensation and Pay Continuation – amend to include the use of compensatory time while under Family Medical Leave and Workers Compensation.
When an employee is separated, the position field is either automatically changed to 9s by the Integrated HR/Payroll System, or in the case of a Separation Pay Continuation, by the Master Data Maintainer.
Each System Company's contribution shall be in an amount equal to the total amount of additional benefits payable to such System Company's Plan Participants in accordance with the provisions of Section 4.02 of the Plan for the duration of the applicable Benefit Pay Continuation Period.
The total cash benefit amount computed above shall be divided into substantially equal installments and paid to Participant over a twelve (12) consecutive month period, commencing on the Date of Termination, which twelve (12) consecutive month period shall be the Benefit Pay Continuation Period for System Management Level 4 Participants.
Similar to the test of the changes in CEO bonus, this test adopts a difference-in- difference approach where all variables are calculated as the difference between year t and t-1 except the variable of interest (WARN) issued in year t.
The total cash benefit amount computed above shall be divided into substantially equal installments and paid to Participant over a thirty-six (36) consecutive month period, commencing on the Date of Termination, which thirty-six (36) consecutive month period shall be the Benefit Pay Continuation Period for System Management Level 1 and 2 Participants.
Except as provided in Section 25, any Pay Continuation shall be paid in substantially equal periodic installments corresponding to the Participant’s normal payroll period commencing after the Participant’s Last Day of Active Employment.
In addition, information is available through the Workers’ Compensation Ombudsman for Injured Workers, an independent advocate to help injured workers deal with the workers’ compensation system.Payment of Lost Time (Pay Continuation) Employees will receive time loss benefits paid directly from the workers compensation carrier for those days determined to be compensable.