Payment in Lieu of Notice definition

Payment in Lieu of Notice has the meaning assigned thereto in Section 2(b) hereof.
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Payment in Lieu of Notice means a payment that can be made instead of actually allowing the Contractor to work through the notice period.
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Payment in Lieu of Notice refers to a payment amount as described in Article 32.3(a)(ii) which the affected Society-represented lawyer(s) may choose to receive in lieu of their Working Notice period and entitlements to displacement, redeployment and recall as set out in this Article.
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Examples of Payment in Lieu of Notice in a sentence

  • Payment in Lieu of Notice - During a reduction of force, an employee may be offered six weeks of payment either in a lump sum or paid out over 3 pay periods when prior notice of separation is not provided.

  • Payment in Lieu of Notice - dDuring a reduction of force, an employee may be offered six weeks of payment either in a lump sum or paid out over 3 pay periods when prior notice of separation is not provided.

  • A summary of the payment in lieu of notice is presented in the Appendix 1, A3 Payment in Lieu of Notice worksheet (“A3 PILON sheet”).

  • The Payment in Lieu of Notice shall be paid on such date as is determined by the Company within thirty (30) days after the date of the Executive’s Separation from Service; provided, however, that if the Executive is a Specified Employee on the date of his or her Separation from Service, such Payment in Lieu of Notice shall be paid as provided in Section 10 hereof.

  • M Nicolson’s remuneration includes a payment of £16,927 in respect of Payment in Lieu of Notice; f) D Morgan, Executive Manager – Criminal Justice was appointed as acting Chief Social Work Officer on 9 October 2018.

  • Policy and Procedure R845, Guidelines for Payment in Lieu of Notice Policy.

  • It should be noted that the payments may be made gross it is compensation for loss of office rather than a Payment in Lieu of Notice.

  • Payment in Lieu of Notice Payment in lieu of notice is paid to a terminated employee in the circumstances where the employer does not require the employee to work for the full period of notice.

  • Peter Studd referred to the Tax Treatment of Termination Payments section of the report and questioned the changes in relation to Payment in Lieu of Notice (PILON).

  • The Payment in Lieu of Notice will be made in full and final settlement of any claims you may have against the Company or Henderson Group in connection with your notice period.


More Definitions of Payment in Lieu of Notice

Payment in Lieu of Notice for the purposes of this Agreement means a sum equal to: (i) the Executive’s Salary (as referred to in clause 8.1, at the rate in force at the time such payment is made) that he would have been entitled to receive under this Agreement during the applicable notice period referred to at clause 12.2 if the applicable notice had been given (or, if notice has already been given, during the remainder of the applicable notice period) (the “Relevant Period”); (ii) the cost to the Company of providing the benefits referred to at clauses 8.5 to 8.9 that the Executive would have been entitled to receive during the Relevant Period or, if the Company in its absolute discretion decides, a sum equal to 20 per cent of Salary during the Relevant Period in satisfaction of the benefits under clauses 8.5 to 8.9; and (iii) an amount in respect of the Executive’s bonus, and in calculating such bonus, the Executive shall be treated in like manner to his fellow executive officers still employed by the Company, provided that any such bonus will be pro-rated to take account of the time the Executive was actually employed by the Company during the relevant bonus year.
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Payment in Lieu of Notice means:(a)the payment received by You in relation to the notice period the employer should have given according to the terms of Your employment or letter of appointment; or(b)any part of a compensation payment for loss of employment (including any part of a payment under a settlement agreement) that is directly or indirectly related to the notice period the employer should have given to You under the employment or letter of appointment.
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Payment in Lieu of Notice shall be equal to:
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Related to Payment in Lieu of Notice

  • Payment Notice has the meaning assigned to it in Section 8.06(c).

  • date of notification means the date on which a notice is served as contemplated in section 35 or published in the media or Provincial Gazette;

  • CAFA Notice means the notice of this Settlement to be served upon State and Federal authorities as required by the Class Action Fairness Act of 2005, 28 U.S.C. § 1715.

  • Xxxxx Notice means the Notice of Grant of Stock Option accompanying the Agreement, pursuant to which Optionee has been informed of the basic terms of the option evidenced hereby.

  • Form of Notice of Conversion means the “Form of Notice of Conversion” attached as Attachment 1 to the Form of Note attached hereto as Exhibit A.

  • Step-In Notice has the meaning set out in Section 3.1;

  • Acceptance and Prepayment Notice means a notice of the Borrower’s acceptance of the Acceptable Discount in substantially the form of Exhibit M.

  • Certified mills means the lesser of 18 mills or the number of mills of school operating taxes levied by the district in 1993-94.

  • OJEU Notice means the contract notice published in the Official Journal of the European Union.

  • Repayment Notice Each notice required to be delivered by the Borrower pursuant to Section 2.3 in respect of any reduction in the Facility Amount or repayment of Advances Outstanding, in the form of Exhibit A-2.

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice, substantially in the form attached to the VRDP Shares Remarketing Agreement as Annex II, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with this Agreement and specifying a Mandatory Tender Event and Purchase Date.

  • Consent Notice has the meaning set forth in Section 4.6(a).

  • Repurchase Request Withdrawal As defined in Section 2.03(a) of this Agreement.

  • Accelerated Purchase Notice means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, an irrevocable written notice from the Company to the Investor directing the Investor to buy a specified Accelerated Purchase Share Amount on the applicable Accelerated Purchase Date pursuant to Section 2(b) hereof at the applicable Accelerated Purchase Price.

  • Requisite Notice means a notice delivered in accordance with Section 10.02.

  • Repurchase Response Notice means a notice delivered by the Indenture Trustee at the direction of the Administrator to a Noteholder or Note Owner indicating that a Repurchase Request is unresolved.

  • Repurchase Request As defined in Section 2.03(g).

  • Purchase Request or "purchase requisition" means that document whereby a using

  • Additional Accelerated Purchase Notice means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, an irrevocable written notice from the Company to the Investor directing the Investor to purchase the number of Purchase Shares specified by the Company therein as the Additional Accelerated Purchase Share Amount to be purchased by the Investor (such specified Additional Accelerated Purchase Share Amount subject to adjustment in accordance with Section 2(c) hereof as necessary to give effect to the Purchase Share amount limitations applicable to such Additional Accelerated Purchase Share Amount as set forth in this Agreement) at the applicable Additional Accelerated Purchase Price on the applicable Additional Accelerated Purchase Date for such Additional Accelerated Purchase.

  • Mandatory Purchase Notice means, in connection with the Mandatory Purchase of VRDP Shares, a notice delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider specifying a Mandatory Purchase Date.

  • Repurchase Notice has the meaning set forth in Section 8.6(a).

  • VWAP Purchase Notice means an irrevocable written notice from the Company to the Buyer directing the Buyer to buy Purchase Shares on the VWAP Purchase Date pursuant to Section 1(c) hereof as specified by the Company therein at the applicable VWAP Purchase Price with the applicable VWAP Purchase Share Percentage specified therein.

  • Written Notice means a notice or communication in writing and shall be deemed to have been duly served if delivered in persons to the individual or to a member of the contractors firm or to an office of the company for whom it is intended, or if delivered at or sent by registered mail to the last business address known to him who gives the notice.

  • Notice of Settlement means the form attached hereto as Exhibit A.

  • Notice of Purchase Withdrawal Has the meaning specified in the Deposit Agreement.

  • Settlement Notice has the meaning specified in Section 14.02(a)(iii).