Employee Payment definition

Employee Payment has the meaning set forth in Section 2.4. ----------------

Employee Payment means the $700,000 payment described to be paid to Xxxxxxx after the Closing pursuant to the Xxxxxxx Employment Agreement.

Employee Payment refers to a type of ACH Payment sent via the ACH network for direct deposit of an Employee’s wages or other compensation.

Examples of Employee Payment in a sentence

• The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date shall be paid to the Consultant in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with their original schedule.

• The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date and interest on such amounts calculated based on the applicable federal rate published by the Internal Revenue Service for the month in which the Executive's separation from service occurs shall be paid to the Executive in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with their original schedule.

• The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date will be paid to Executive in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments will be paid without delay in accordance with their original schedule.

• The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date shall be paid to Executive in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with their original schedule.

• The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date shall be paid to Executive (or Executive’s beneficiary) in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with their original schedule.

More Definitions of Employee Payment

Employee Payment means (a) payments to employees of the Company between the date hereof and the Closing Date in the Ordinary Course of Business and consistent with existing Company bonus and variable compensation plans and (b) additional payments, not exceeding $1,500,000 in the aggregate, to employees of the Company between the date hereof and the Closing Date as bonuses.

Employee Payment means the $700,000 payment described to be paid to Raymond after the Closing pursuant to the Raymond Employment Agreement. “Environment” means any ambient, workplace or indoor air, surface water, drinking water, groundwater, land surface, subsurface strata, river sediment, plant or animal

Employee Payment means the payment for salary, wages and employer superannuation contributions due to or for the Employees up to and including the date of Completion.

Employee Payment means the $700,000 payment described to be paid to Raymond after the Closing pursuant to the Raymond Employment Agreement.

Employee Payment has the meaning set forth in Exhibit Z (Calculation of Termination Compensation).

Employee Payment means the payment for salary, wages and employer superannuation contributions due to or for the Employees up to and including the date of Completion. * Confidential Portions have been omitted and are on file separately with the Commission.

Employee Payment means any amounts payable (whether or not accrued) (1) in respect of 2013 annual bonuses to Company Employees under the applicable Employee Plans (whether or not such bonuses have been paid prior to the Closing Date), (2) pursuant to the Company’s Long-Term Incentive and Retention Program, (3) in respect of retention arrangements entered into with 70 Company Employees prior to the date hereof, and (4) as payments described in Section 1.1(a) of the Company Disclosure Schedules (including, in each case, the employer’s portion of applicable payroll taxes that become payable in connection with such amounts). Notwithstanding anything to the contrary in this Agreement, the parties agree to treat and report, and to cause their Affiliates to treat and report, any Tax deduction in respect of any Employee Payment (except to the extent such payments are included in the computation of Working Capital) as attributable to taxable periods after the Closing Date, unless otherwise required by Law.