Payroll Termination Date definition

Payroll Termination Date means , in the case of a Participant who previously had experienced a Termination of Employment, the later date that the Participant is removed from the Company's payroll pursuant to a decision made by the Company.
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Examples of Payroll Termination Date in a sentence

  • For the period from the Separation Date through the Payroll Termination Date, the Company shall continue to pay you the monthly automobile allowance of $833.33 set forth in the Employment Agreement (less any state, federal, FICA and other applicable taxes required to be withheld).

  • You understand and agree that, except as stated herein, all other benefits that you may currently receive, including, without limitation, your automobile allowance and company paid cell phone or cell phone allowance, if any, will also terminate on the Payroll Termination Date.

  • You understand and agree that your vacation accrual will cease as of the Payroll Termination Date.

  • You understand and agree that your participation in any life insurance plan maintained by the Company will automatically terminate on the Payroll Termination Date.

  • You understand and agree that your participation in the Company’s short-term and long-term disability plans automatically terminates on the Payroll Termination Date.

  • For the period from the Separation Date through the Payroll Termination Date, the Company shall pay you salary continuation payments at your current annual base salary of $801,450 (less any state, federal, FICA and other applicable taxes required to be withheld and, as set forth below in subparagraph D, less the amount of medical and dental insurance contributions).

  • The Company shall pay you on the Initial Severance Payment Date for any unused vacation pay for 2020 and 2021 earned and accrued from January 1, 2020 through the Payroll Termination Date (less any state, federal, FICA and other applicable taxes required to be withheld) in accordance with the Company’s existing paid time off policies and practices and applicable law.

  • You understand and agree that your participation in the Company’s accidental death and dismemberment insurance plan will automatically terminate on the Payroll Termination Date.