Cashout. Provided that at the time immediately prior to COC, Stock does not have a public market and continues to be traded through a CH2M HILL internal market or equivalent, CH2M HILL or successor shall cash out the Executive’s Stock and Stock Option holdings at the greater of (i) the price per share of Stock which was paid to secure the COC or (ii) the Stock price in effect immediately prior to the Change of Control Event.
Cashout. Amounts due from the cashout or redemption of all Executive’s Stock, Stock Options, Phantom Stock, SARs, SVEUs, and ISVEUs if any, not otherwise cashed out or redeemed pursuant to sections 3.2(b) and (c) and/or obtained thereafter, at the price per share of Stock which was paid to secure the COC.
Cashout. The Committee, in its sole discretion, may determine that, upon the occurrence of a Change in Control of the Company, all or a portion of certain outstanding Awards shall terminate within a specified number of days after notice to the holders, and each such holder shall receive an amount equal to the value of such Award on the date of the change in control, and with respect to each share of Common Stock subject to a Stock Option or SAR, an amount equal to the excess of the Fair Market Value of such shares of Common Stock immediately prior to the occurrence of such change in control over the exercise price per share of such Stock Option or SAR. Such amount shall be payable in cash, in one or more kinds of property (including the property, if any, payable in the transaction) or in a combination thereof, as the Committee, in its sole discretion, shall determine.
Cashout. Upon separation from service, an employee who has been employed for at least six (6) months who resigns, retires, is laid off, is terminated by the Employer, or upon death, will be paid for all unused vacation leave at the employee’s current salary.
Cashout. Upon separation from service, an employee who has been employed for at least six
Cashout. The Commodity cashout prices for each month are established for the following four (4) imbalance categories: Over-deliveries and under-deliveries in the imbalance range of greater than zero (0) percent and less than or equal to ten (10) percent of actual deliveries (Tier I Cashout), plus over-deliveries and under-deliveries in the imbalance range of greater than ten (10) percent of actual deliveries (Tier II Cashout). Each cashout price is based on a two step calculation: First a cashout index is determined based on an average of the published price date from Natural Gas Intelligence (NGI) and the BTU Daily Gas Wire for the PG&E interconnect points of Malin (Line 400) and Topock (Southern California Border). Second, that index is adjusted to arrive at the cashout price for that imbalance category. Imbalances greater than zero (0) percent and less than or equal to ten (10) percent of actual deliveries (Tier I Cashout):
Cashout. By mutual agreement between the employee and County, the employee may cash out accrued compensatory time at the end of each calendar year. The payment shall be calculated on the basis of the employee's regular hourly rate at the time payment is received. Upon termination of employment, an employee shall be paid for unused accrued compensatory time at the employee’s current regular hourly rate.
Cashout. Affected employees will also be eligible for cash-out of unused vacation leave in accordance with Section 12.4 of the Agreement. The chart below outlines the severance benefit and COBRA subsidy based on length of service: Length of Service Weeks of Pay Months of COBRA Subsidy Up to 5 years 4 1 5 to <6 years 5 2 6 to <7 years 6 2 7 to <8 years 7 2 8 to <9 years 8 2 9 to <10 years 9 3 10 to <11 years 10 3 11 to <12 years 11 3 12 to <13 years 12 3 13 to <14 years 13 4 14 to <15 years 14 4 15 to <16 years 15 4 16 to <17 years 16 4 17 to <18 years 17 5 18 to <19 years 18 5 19 to <20 years 19 5 20 to <21 years 20 5 21 to <22 years 21 6 22 to <23 years 22 6 23 to <24 years 23 6 24 to <25 years 24 6 25 to <26 years 25 7 26 years or more 26 7 MEMORANDUM OF UNDERSTANDING [#4] #1 On-Call Positions * * * *
Cashout. The Committee, in its sole discretion, may determine that, upon the occurrence of a Change in Control of the Company, all or a portion of certain outstanding Awards shall terminate within a specified number of days after notice to the holders, and each such holder shall receive an amount equal to the value of such Award on the date of the Change in Control, and with respect to each share of Common Stock subject to a Stock Option or SAR, an amount equal to the excess of the Fair Market Value of such shares of Common Stock immediately prior to the occurrence of such Change in Control (or such other greater amount as the Committee may determine in its sole and absolute discretion to be equitable to prevent dilution or enlargement of Participants’ rights under the Plan) over the exercise price per share of such Stock Option or SAR. Such amount shall be payable in cash, in one or more kinds of property (including the property, if any, payable in the transaction) or in a combination thereof, as the Committee, in its sole discretion, shall determine.
Cashout. An employee who has at least five years of service and retires as a result of
