Payment in Lieu definition
Payment in Lieu means a payment of money in lieu of a conveyance otherwise required under section 42, 51.1 or 53; (“paiement tenant lieu de cession”)
Payment in Lieu has the meaning given in clause 24.1;
Payment in Lieu means the payment of funds equivalent to the value of the amount of land that the County would otherwise have been entitled to acquire for park or other public recreational purposes as part of a development. The Payment-in-Lieu is usually required as a condition of a site plan, draft plan of subdivision or draft plan of condominium approval.
Examples of Payment in Lieu in a sentence
The Payment in Lieu will be equal to your basic gross salary (as at the date of termination) and the benefits which Employee would have been entitled to receive under this Agreement (and Schedule 1) during the notice period referred to in Clause 2.2 (or, if notice has already been given, during the remainder of the notice period) less income tax and National Insurance Contributions.
More Definitions of Payment in Lieu
Payment in Lieu means a payment ofmoney in place of meeting all or part of the storm water performance standards required by this ordinance.
Payment in Lieu has the meaning set forth in Section III(F).
Payment in Lieu means the payment in lieu of notice referred to in Clause 13.1.
Payment in Lieu means a sum equal to the Base Salary (as at the date of termination) which the Executive would have been entitled to receive under this Agreement during the applicable notice period (or, if notice has already been given, during the remainder of the notice period) less income tax and national insurance contributions. For the avoidance of doubt, the Payment in Lieu shall not include any element in relation to: any bonus or commission payments that might otherwise have been due during the period for which the Payment in Lieu is made; any payment in respect of benefits which the Executive would have been entitled to receive during the period for which the Payment in Lieu is made; and any payment in respect of any holiday entitlement that would have accrued during the period for which the Payment in Lieu is made.
Payment in Lieu means a sum in lieu of notice equal to the basic salary (as at the date of termination) which you would have been entitled to receive under this Agreement during the relevant notice period referred to at clause 13.1 (or, if notice has already been given, during the remainder of the notice period) less any deductions required by law; “Prospective Customer’’ means any person, firm or company with whom during the period of twelve months preceding the Termination Date, the Company was or has been in negotiations or discussions with or to whom the company shall have presented a proposal with a view to such person, firm or Company placing an order for goods or services with the Company;
Payment in Lieu. As used in Clause 10.11of this Agreement for payment made by Council to a redundant employee when Council does not give 10 weeks notice for termination of employment. The calculation of the payment in lieu shall be based on 10 times the weekly wages at the time of termination.
Payment in Lieu has the meaning given in subparagraph 5.04(a)(i).