Common use of Payment in Lieu of Notice Clause in Contracts

Payment in Lieu of Notice. (a) The Company shall be entitled, at its sole discretion, to terminate the Employment immediately at any time by giving the Executive notice in writing. In these circumstances, subject to the terms of Clause 3.3(b), the Company will subsequently make a payment to the Executive in lieu of notice, calculated in accordance with the provisions of Clause 3.3(c) (the payment being referred to as a “PXXXX”).

Appears in 4 contracts

Samples: Agreement (Exscientia LTD), Agreement (Exscientia LTD), Agreement (Exscientia LTD)

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Payment in Lieu of Notice. (a) 3.3.1 The Company shall be entitled, at its sole discretion, to terminate the Employment immediately at any time by giving the Executive notice in writing. In these circumstances, subject to the terms of Clause 3.3(b)3.3.2, the Company will subsequently make a payment to the Executive in lieu of notice, calculated in accordance with the provisions of Clause 3.3(c) Clauses 3.3.3 and 3.3.4 (the payment being referred to as a “PXXXX”"Notice Payment").

Appears in 3 contracts

Samples: Employment Agreement, Service Agreement (LivaNova PLC), Service Agreement (LivaNova PLC)

Payment in Lieu of Notice. (a) 3.3.1 The Company shall be entitled, at its sole discretion, to terminate the Employment immediately at any time by giving the Executive notice in writing. In these circumstances, subject to the terms of Clause 3.3(b)3.3.2, the Company will subsequently make a payment to the Executive in lieu of notice, calculated in accordance with the provisions of Clause 3.3(c) Clauses 3.3.3 and 3.3.4 (the payment being referred to as a “PXXXXNotice Payment”).

Appears in 3 contracts

Samples: Service Agreement (LivaNova PLC), Service Agreement (LivaNova PLC), Service Agreement (LivaNova PLC)

Payment in Lieu of Notice. (a) The Company shall be entitled, at its sole discretion, to terminate the Employment immediately at any time by giving the Executive notice in writing. In these circumstances, subject to the terms of Clause 3.3(b), the Company will subsequently make a payment to the Executive in lieu of notice, calculated in accordance with the provisions of Clause 3.3(c) Clauses 3.3 (the payment being referred to as a “PXXXXNotice Payment”).

Appears in 2 contracts

Samples: Service Agreement (Concrete Pumping Holdings Acquisition Corp), www.sec.gov

Payment in Lieu of Notice. (a) 3.3.1 The Company shall be entitled, at its sole discretion, to terminate the Employment immediately at any time by giving the Executive notice in writing. In these circumstances, subject to the terms of Clause 3.3(b), the Company will subsequently make a payment to the Executive in lieu of notice, calculated in accordance with the provisions of Clause 3.3(c) Clauses 3.3.3 and 3.3.4 (the payment being referred to as a “PXXXXNotice Payment”).

Appears in 2 contracts

Samples: Trui Hebbelinck (LivaNova PLC), Service Agreement (LivaNova PLC)

Payment in Lieu of Notice. (a) 3.3.1 The Company shall be entitled, at its sole discretion, to terminate the Employment immediately in writing at any time by giving the Executive notice in writing. In these circumstances, subject and to the terms of Clause 3.3(b), the Company will subsequently make a payment to the Executive in lieu of noticeExecutive, calculated in accordance with the provisions of Clause 3.3(c) Clauses 3.3 (the payment being referred to as a “PXXXXNotice Payment”).

Appears in 1 contract

Samples: Service Agreement (Canargo Energy Corp)

Payment in Lieu of Notice. (a) The Company shall be entitled, at its sole discretion, to terminate the Employment immediately at any time by giving the Executive notice in writing. In these circumstances, subject to the terms of Clause 3.3(b), the Company will subsequently make a payment to the Executive in lieu of notice, calculated in accordance with the provisions of Clause 3.3(c) (the payment being referred to as a “PXXXXXXXXX”).

Appears in 1 contract

Samples: Agreement (Exscientia PLC)

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Payment in Lieu of Notice. (a) The Company shall be entitled, at its sole discretion, to terminate the Employment immediately at any time by giving the Executive notice in writing. In these circumstances, subject to the terms of Clause 3.3(b), the Company will subsequently make a payment to the Executive in lieu of notice, calculated in accordance with the provisions of Clause 3.3(c) Clauses 3.3 and 3.4 (the payment being referred to as a “PXXXXNotice Payment”).

Appears in 1 contract

Samples: Service Agreement (Diageo PLC)

Payment in Lieu of Notice. (a) The Company shall be entitled, at its sole discretion, to terminate the Employment immediately at any time by giving the Executive notice in writing. In these circumstances, subject to the terms of Clause 3.3(b4.3(b), the Company will subsequently make a payment to the Executive in lieu of notice, calculated in accordance with the provisions of Clause 3.3(c) Clauses 4.3 and 4.4 (the payment being referred to as a “PXXXXNotice Payment”).

Appears in 1 contract

Samples: Service Agreement (Diageo PLC)

Payment in Lieu of Notice. (a) 3.3.1 The Company shall be entitled, at its sole discretion, to terminate the Employment immediately at any time by giving the Executive notice in writing. In these circumstances, subject to the terms of Clause 3.3(b)3.3.2, the Company will subsequently make a payment to the Executive in lieu of notice, calculated in accordance with the provisions of Clause 3.3(cClauses 3.3.3 and 3.3.4, (and 3.3.5 and 3.3.6 where applicable) (the payment being referred to as a “PXXXXNotice Payment”).

Appears in 1 contract

Samples: Service Agreement (LivaNova PLC)

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