AND BONUS PAYMENTS definition

AND BONUS PAYMENTS. The Company shall pay in a lump sum to Employee such amount of compensation due to Employee hereunder for services rendered to the Company, as well as compensation for unused vacation time, as has accrued but remains unpaid. Any and all other rights granted to Employee under this Agreement shall terminate as of the date of termination.
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AND BONUS PAYMENTS. On or before Employee's last day of employment with the Company, the Company shall pay to Employee, as compensation for services rendered to the Company, a cash amount equal to the sum of (x) one-half (1/2) of the amount of Employee's Base Salary and (y) ninety percent of one-half (1/2) of the amount of the estimated target bonus under the Management Bonus Program as in effect immediately prior to his date of termination (the "Cash Amount"). The final calculation of Employee's target bonus shall be made, and any remaining bonus amount due to Employee paid, in the manner set forth in Section 7.a.i. At the election of the Company, the Cash Amount may be paid to Employee in periodic installments in accordance with the regular salary payment practices of the Company, with the first such installment to be paid on or before Employee's last day of employment with the Company. Notwithstanding the foregoing sentence, the entire Cash Amount shall be paid to Employee during the period not to exceed one year following Employee's last day of employment with the Company. No interest shall be paid with respect to any of the Cash Amount not paid on the Employee's date of termination.
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AND BONUS PAYMENTS. On or before Employee's last day of employment with the Company, the Company shall pay to Employee, as compensation for services rendered to the Company, a cash amount equal to the sum of (x) the amount of Employee's Base Salary and (y) ninety percent of the amount of the estimated target bonus under the Management Bonus Program as in effect immediately prior to his date of termination (the "Cash Amount"). The final calculation of Employee's target bonus shall be made, and any remaining bonus amount due to Employee paid, in the manner set forth in Section 7.a.i. At the election of the Company, the Cash Amount may be paid to Employee in periodic installments in accordance with the regular salary payment practices of the Company, with the first such installment to be paid on or before Employee's last day of employment with the Company. Notwithstanding the foregoing sentence, the entire Cash Amount shall be paid to Employee during the period not to exceed one year following Employee's last day of employment with the Company. No interest shall be paid with respect to any of the Cash Amount not paid on the Employee's date of termination.
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Examples of AND BONUS PAYMENTS in a sentence

  • Temporary employees will be paid in accordance with Clause 10 - WAGE RATES AND BONUS PAYMENTS.

  • SALARY AND BONUS PAYMENTS IN 2013‌In 2013 wages and salaries amounted to EUR 2,652,315.

  • All other apprentices areentitled to the NMW for their age OVERPAYMENT OF SALARIES, WAGES AND BONUS PAYMENTS Overpayments of salaries, wages and bonus payments shall be recovered by the Authority at a rate of £10 or 10% of an employees’ net pay per week (£40 per calendar month) whichever is the smaller.

  • The resolution panel's decision is final and there are no further opportunities for redress within NICE.

  • KAISER FAMILY FOUNDATION: MEDICARE ADVANTAGE PLAN STAR RATINGS AND BONUS PAYMENTS IN 2012 (Nov.


More Definitions of AND BONUS PAYMENTS

AND BONUS PAYMENTS. The Company shall pay in a lump sum to Employee such amount of compensation due to Employee hereunder for services rendered to the Company, as well as compensation for unused vacation time, as has accrued but remains
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AND BONUS PAYMENTS. On or before Employee's last day of employment with the Company, the Company shall pay to Employee, as compensation for services rendered to the Company, a cash amount equal to two (2) times the Annual Base Salary in effect at the time (the "Cash Amount"). At the election of the Company, the Cash Amount may be paid to Employee in periodic installments in accordance with the regular salary payment practices of the Company, with the first such installment to be paid on or before Employee's last day of employment with the Company. Notwithstanding the foregoing sentence, the entire Cash Amount shall be paid to Employee during the period not to exceed twenty-four (24) months following Employee's last day of
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Related to AND BONUS PAYMENTS

  • Bonus Payments means that portion of the bonus payments received by the

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

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

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • 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)

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Retention Bonus means the amount equal to:

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

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

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Earnable compensation means the full rate of the

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • 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 –

  • Severance Amount means:

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.