Common use of Payment in Lieu of Notice Clause in Contracts

Payment in Lieu of Notice. 25.1 Notwithstanding clause 4, the Company may, in its sole and absolute discretion, terminate the Employment at any time and with immediate effect by notifying the Executive that the Company is exercising its right under this clause 25.1 and that the Company will make within 28 days a payment in lieu of notice (“Payment in Lieu”) to the Executive,. This Payment in Lieu will be equal to the Salary (as at the date of termination) only which the Executive would have been entitled to receive under this agreement during the notice period referred to at clause 4 (or, if notice has already been given, during the remainder of the notice period) less income tax and National Insurance contributions. For the avoidance of doubt, the Payment in Lieu shall not include any element in relation to:

Payment in Lieu of Notice. 25.1 16.1 Notwithstanding clause 42, the Company may, in its sole and absolute discretion, terminate the Employment Appointment at any time and with immediate effect by notifying the Executive Employee that the Company is exercising its right under this clause 25.1 16.1 and that the Company it will make within 28 days a payment in lieu of notice (“Payment in Lieu”) to the Executive,Employee. This Payment in Lieu will be equal to the Salary basic salary (as at the date of termination) only which the Executive Employee would have been entitled to receive under this agreement during the notice period referred to at clause 4 2 (or, if notice has already been given, during the remainder of the notice period) less income tax and National Insurance contributions. For the avoidance of doubt, the Payment in Lieu shall not include any element in relation to:

Payment in Lieu of Notice. 25.1 18.1 Notwithstanding clause 42, the Company may, in its sole and absolute discretion, terminate the Employment Appointment at any time and with immediate effect by notifying the Executive Employee that the Company is exercising its right under this clause 25.1 18.1 and that the Company it will make within 28 days a payment in lieu of notice (“Payment in Lieu”) to the Executive,Employee. This Payment in Lieu will be equal to the Salary basic salary (as at the date of termination) only which the Executive Employee would have been entitled to receive under this agreement during the notice period referred to at clause 4 2 (or, if notice has already been given, during the remainder of the notice period) less income tax and National Insurance contributions. For the avoidance of doubt, the Payment in Lieu shall not include any element in relation to:

Payment in Lieu of Notice. 25.1 Notwithstanding clause the other provisions in this Section 4, the Company may, in its sole and absolute discretion, terminate the Employment Period at any time and with immediate effect by notifying the Executive that the Company it is exercising its right under this clause 25.1 section and that the Company it will make make, within 28 days days, a payment in lieu of notice (the “Payment in Lieu”) to the Executive,. This The Payment in Lieu will be equal to the Executive’s Base Salary (as at the date of terminationTermination Date) only which the Executive he would have been entitled to receive under this agreement during the notice period referred to at clause 4 in Section 2.2 (or, if notice Notice of Termination has already been given, during the remainder of the notice period) ), less the usual income tax and National Insurance contributions. For the avoidance of doubt, the Payment in Lieu shall not include any element in relation to:

Payment in Lieu of Notice. 25.1 24.1 Notwithstanding clause 43, the Company may, in its sole and absolute discretion, terminate the Employment at any time and with immediate effect by notifying the Executive that the Company is exercising its right under this clause 25.1 24.1 and that the Company will make within 28 days a payment in lieu of notice (“"Payment in Lieu”") to the Executive,. This Payment in Lieu will be equal to the Salary (as at the date of termination) only which the Executive would have been entitled to receive under this agreement during the notice period referred to at clause 4 3 (or, if notice has already been given, during the remainder of the notice period) less income tax tax(es) and National Insurance or comparable social security contributions. Clause 13 shall apply to any Payment in Lieu. For the avoidance of doubt, the Payment in Lieu shall not include any element in relation to: