Accrued Payments definition

Accrued Payments means accrued salary, accrued but unused vacation pay, and approved but unreimbursed business expenses that are owed to Executive as of the date of Executive’s termination of Employment by the Company.

Accrued Payments means all base salary earned or accrued but unpaid through the Termination Date, payment for all vacation days accrued but unused through the Termination Date, and reimbursement for any reasonable and necessary business expenses incurred by the Executive through the Termination Date, determined in accordance with Company policy.

Accrued Payments means (i) any unpaid Base Salary through the Date of Termination (but calculated at the rate then in effect), which shall be paid within 30 business days of the Date of Termination, (ii) any unpaid Performance Bonus earned in the calendar year prior to the Date of Termination, which shall be paid at the time annual bonuses are normally paid by the Company, (iii) unreimbursed business expenses that are eligible for reimbursement in accordance with the applicable Company policies through the Date of Termination, and (iv) such employee benefits, if any, as to which an Eligible Individual may be entitled pursuant to the terms governing such benefits.

Examples of Accrued Payments in a sentence

• Upon such termination, the Company shall pay to the Executive any amounts accrued, but unpaid, as of the date of termination, including without limitation the Accrued Payments and the Accrued Plan Benefits.

• References in these Terms and Conditions to principal and/or Coupon Payments, Deferred Payments and/or Accrued Payments shall be deemed to include any additional amounts which may become payable pursuant to the foregoing provisions or any undertakings given in addition thereto or in substitution therefor pursuant to the Trust Deed.

• Upon such voluntary termination, the Executive will be entitled to the Accrued Payments.

• In light of the above and having considered the basis of determination of the consideration, the Directors (including the independent non-executive Directors) consider that the terms of the Western Zhigu Sale and Purchase Agreement and the transactions contemplated thereunder are fair and reasonable, entered into on normal commercial terms or better and in the ordinary and usual course of business of the Group, and are in the interests of the Company and its shareholders as a whole.

• Upon such voluntary termination by Executive for any reason other than Good Cause (a “Voluntary Termination”), all of Executive’s future compensation and benefits, other than benefits to which Executive is entitled under the terms of the Company’s compensation and/or benefit plans or applicable law, shall cease as of the date of Voluntary Termination, and Executive shall be entitled only to the Accrued Payments.

More Definitions of Accrued Payments

Accrued Payments means (i) any unpaid Base Salary through the Date of Termination (but calculated at the rate then in effect), (ii) any incentive bonus for the calendar year ended immediately prior to the Date of Termination, to the extent yet unpaid.

Accrued Payments means (i) any unpaid Base Salary through the Date of Termination (but calculated at the rate then in effect), (ii) any earned but unpaid Bonus, (iii) all accrued vacation, expenses reimbursements and other benefits (other than severance), and (iv) any and all other amounts that may be due to him as of the Date of Termination.

Accrued Payments means (i) any earned but unpaid Base Salary through the Date of Separation, (ii) any annual cash bonus for the calendar year ended immediately prior to the calendar year in which the Date of Separation occurs, to the extent unpaid, in an amount equal to the actual bonus earned by the Recipient for such prior calendar year, (iii) unreimbursed business expenses that are eligible for reimbursement in accordance with the policies applicable to the Recipient through the Date of Separation, and (iv) such employee benefits, if any, as to which the Recipient may be entitled pursuant to the terms governing such benefits.

Accrued Payments. In addition, and contingent upon Employee satisfying the Severance Conditions (as defined below), the Company shall also provide the following payments and other benefits (the “Severance Package”):

Accrued Payments shall have the meaning set forth in clause 17;

Accrued Payments means (i) any unpaid Base Salary through the Date of Termination (but calculated at the rate then in effect), (ii) any performance bonus for the calendar year ended immediately prior to the Date of Termination, to the extent unpaid, in an amount equal to (A) the actual bonus earned by the Executive, to the extent such amount has been communicated to the Executive by written notification prior to the Date of Termination in accordance with the timing and determinations provided by historical Company plans, policies and practices or (B) if no such notification has occurred, 100% of the Target Bonus for such calendar year, (iii) unreimbursed business expenses that are eligible for reimbursement in accordance with the applicable Company policies through the Date of Termination, and (iv) such employee benefits, if any, as to which the Executive may be entitled pursuant to the terms governing such benefits.

Accrued Payments means $2,999,000, which amount represents all amounts as of June 8, 2009 (other than the Extension Fee and the Management Fee) which have accrued and would otherwise be payable by the Counterparty to the Hedge Provider (without any provision for netting that may otherwise be applicable under the Master Transaction Agreement or the ISDA Master Agreement) on or before June 30, 2009 under the Master Transaction Agreement and the ISDA Master Agreement.