Post-Termination Payments definition

Post-Termination Payments shall have the meaning stated in Section 5.3 hereof.
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Post-Termination Payments. Section 6 (a) of the Employment Agreement is hereby amended by deleting Section 6 (a) in its entirety and replacing it with a new Section 6 (a) to read as follows: "(a) If Employee is terminated by Company pursuant to Paragraph 10 hereof, Company shall pay to Employee a monthly severance payment in an amount equal to Employee's monthly salary at the time of termination for twelve (12) months." 2.
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Post-Termination Payments. Section 6 (a) of the Employment Agreement, as amended previously, is hereby amended by deleting Section 6 (a) in its entirety and replacing it with a new Section 6 (a) to read as follows: "(a) If Employee is terminated by Company pursuant to Paragraph 10 hereof, Company shall pay to Employee a monthly severance payment in an amount equal to Employee's monthly salary at the time of termination for either (i) twelve (12) months if Employee has less than ten (10) years of uninterrupted service with Company as of the effective date of employment termination or (ii) eighteen (18) months if Employee has ten (10) years or more of uninterrupted service with Company as of the effective date of employment termination, provided that Employee executes at the time of Employee's termination of employment a General Release satisfactory to Company of any and all claims which Employee may have arising out of or relating to Employee's employment with and/or termination of employment with Company." 2. Xxxxxxx 00, Xxxxxxxxxxx Xxxxxxxxx, Trade Secrets, Etc. Section 13 of the Employment Agreement is hereby amended by inserting, immediately after the phrase "For a period of one (1) year" in the first sentence thereof, the following language: "(or for a period of 18 months if the Employee is entitled to 18 months of severance payments pursuant to Section 6 (a) of this Agreement)". 3.
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Examples of Post-Termination Payments in a sentence

  • If the Executive violates Sections 1 or 2 of this Release Agreement, the Employer will be entitled to the immediate repayment of the Post-Termination Payments.

  • In the event of revocation, the Executive shall not be entitled to the Post-Termination Payments, the receipt of which is conditioned on the Executive’s execution of this Release Agreement.

  • If the Executive violates Sections 1 or 2 of this Release Agreement before all of the Post-Termination Payments have been provided, the Employer may discontinue any unpaid conditional payments and benefits.

  • Having elected to execute this Release Agreement, to fulfill the promises and to receive the Post-Termination Payments, the Executive freely and knowingly, after due consideration, enters into this Release Agreement intending to waive, settle and release all claims the Executive has or might have against the Employer.

  • They must then ensure the arrival of the cattle on their property is recorded on the NLIS database within two days or before they are moved to another property, whichever occurs first.

  • Companies should provide specific definitions or explanations of any defined terms for triggering events, such as “change in control,” “cause” or “good reason.”Tabular Disclosure for Post-Termination Payments.

  • In the event that the Company exercises its right to discontinue Post-Termination Payments under this provision and/or Employee returns all Post Termination-Payments received pursuant to this Agreement, Employee shall remain obligated to abide by Section 5 of this Agreement.

  • EXECUTIVE COMPENSATION AND RELATED INFORMATION (continued) Potential Post-Termination Payments TableThe following table summarizes the potential payments to each Named Executive Officer under various termination events.

  • The Post-Termination Payments shall be made monthly, on or before the 10th business day of the month following the month in which the applicable invoice has been collected in foil or in part by Ecologic or later if notified to do so in writing by Distributor, in which case Distributor will inform EcoLogic when the payment should be made.

  • As our annual bonus plan provides for payment of a full bonus to any participant remaining employed on the last day of the plan year, annual bonus amounts are not included in the Potential Post-Termination Payments Table below.


More Definitions of Post-Termination Payments

Post-Termination Payments. Benefits (“PTPB”) To Be Provided by the Corporation
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Post-Termination Payments. Section 6 (a) of the Employment Agreement, as amended previously, is hereby amended by deleting Section 6 (a) in its entirety and replacing it with a new Section 6 (a) to read as follows: "(a) If Employee is terminated by Company pursuant to Paragraph 10 hereof, Company shall pay to Employee a monthly severance payment in an amount equal to Employee's monthly salary at the time of termination for either (i) twelve (12) months if Employee has less than ten (10) years of uninterrupted service with Company as of the effective date of employment termination or (ii) eighteen (18) months if Employee has ten (10) years or more of uninterrupted service with Company as of the effective date of employment termination, provided that Employee executes at the time of Employee's termination of employment a General Release satisfactory to Company of any and all claims which Employee may have arising out of or relating to Employee's employment with and/or termination of employment with Company. In addition, if Employee is terminated for any reason other than for Cause under Paragraph 9 or for an Inability under Paragraph 7 which is other than a disability, and on the effective date of such termination Employee is covered under Company's group health plan, Company shall maintain Employee in its group health plan on the same basis as if Employee had remained employed by Company during the Severance Period, for the duration of the Severance Period or until Employee becomes employed under another group health insurance plan, whichever occurs first." 2. Xxxxxxx 00, Xxxxxxxxxxx Xxxxxxxxx, Trade Secrets, Etc. Section 13 of the Employment Agreement is hereby amended by inserting, immediately after the phrase "For a period of one (1) year" in the first sentence thereof, the following language: "(or for a period of 18 months if the Employee is entitled to 18 months of severance payments pursuant to Section 6 (a) of this Agreement)."
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Post-Termination Payments means the Severance Benefit and any other payments which the Company may be obligated to make to the Executive pursuant to the terms of this Agreement, with the specific exception of any payments made from funds in the Deferred Compensation Plan, which funds shall be handled in the manner set forth in such plan.
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Post-Termination Payments means any amounts (including any bonus amounts) that would otherwise have been due or payable to Employee from the Company at or after the time of termination, but excluding amounts which were due and payable prior to the time of such termination.
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Post-Termination Payments has the meaning set forth in Section 1(b).
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Related to Post-Termination Payments

  • Termination Payments means any payment or distribution of Compensation or benefits made pursuant to Section 4.1(a)-(c) of this Agreement.

  • Swap Termination Payments shall have the meaning set forth in each Swap Agreement.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Compensation Accrued at Termination means the following:

  • Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Termination Benefit means the benefit set forth in Article 7.

  • Severance Amount means:

  • Trust Termination Date shall have the meaning specified in Section 8.01.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

  • CIC Qualifying Termination means a Separation (A) within twelve (12) months following a Change in Control or (B) within three (3) months preceding a Change in Control (but as to part (B), only if the Separation occurs after a Potential Change in Control) resulting, in either case (A) or (B), from (i) the Company terminating the Executive’s employment for any reason other than Cause or (ii) the Executive resigning his or her employment for Good Reason. A termination or resignation due to the Executive’s death or disability shall not constitute a CIC Qualifying Termination. A “Potential Change in Control” means the date of execution of a legally binding and definitive agreement for a corporate transaction which, if consummated, would constitute the applicable Change in Control (which for the avoidance of doubt, would include, for example, a merger agreement, but not a term sheet for a merger agreement). In the case of a termination following a Potential Change in Control and before a Change in Control, solely for purposes of benefits under this Agreement, the date of Separation will be deemed the date the Change in Control is consummated.

  • Change in Control Benefits means the following benefits:

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Accrued Amounts means: