Total Benefits definition

Total Benefits means the sum of all amounts paid or to be paid on an accrual basis during any Salary Cap Year by the NBA or NBA Teams, other than Expansion Teams during their first two Salary Cap Years, for the specific benefits set forth in Article IV.

Total Benefits means the payments described in this Section 4 (the “CIC Severance Payments”) together with any other payment or benefit received or to be received by a Covered Employee in connection with a “change in ownership or control” (within the meaning of Section 280G of the Code) of the Company (such as outstanding equity or performance or service- based cash awards); and

Total Benefits has the meaning assigned to such term in Section 5.3(a)(i).

Examples of Total Benefits in a sentence

• Because of the uncertainty in determining whether any of the Total Benefits will be subject to the Excise Tax at the time of the Determination, it is possible that a Gross-Up Payment Amount that should have been made will not have been made by the Bank (“Underpayment”), or that a Gross-Up Payment Amount will be made that should not have been made by the Bank (“Overpayment”).

• Because of the uncertainty when the Determination is made about whether any of the Total Benefits will be subject to the Excise Tax, it is possible that a Gross-Up Payment Amount that should have been made will not have been made by the Employer (“Underpayment”), or that a Gross-Up Payment Amount will be made that should not have been made by the Employer (“Overpayment”).

• Because of the uncertainty when the Determination is made about whether any of the Total Benefits will be subject to the Excise Tax, it is possible that a Gross-Up Payment Amount that should have been made will not have been made by Cortland Bancorp (“Underpayment”), or that a Gross-Up Payment Amount will be made that should not have been made by Cortland Bancorp (“Overpayment”).

• Prior to any reduction in Executive’s Total Benefits pursuant to this Section 6(k), Tax Counsel shall provide Executive and the Company with a report setting forth its calculations and containing related supporting information.

• Because of the uncertainty when the Determination is made about whether any of the Total Benefits will be subject to the Excise Tax, it is possible that a Gross-Up Payment Amount that should have been made will not have been made by the Employer (“Underpayment”) or that a Gross-Up Payment Amount will be made that should not have been made by the Employer (“Overpayment”).

More Definitions of Total Benefits

Total Benefits shall be calculated in conformance with guidance in FERC Qualifying Facility decisions issued through the date of calculation, including but not limited to guidance concerning appropriate discount rates and the types of benefits to be included in the stream of benefits (it being agreed that the Total Benefits shall include benefits received by the prior owners of the Project Partnerships unless the FERC or a federal court has issued an order or ruling finding that such benefits received by the prior owners should not be included in such calculation or the FERC has issued an order or ruling or a federal court has rendered a decision, in either case making a similar finding with respect to a facility other than the Projects based on facts pertaining to the Ownership Criteria that are similar to those presented by the ownership of the Project Partnerships from the Original Effective Date).

Total Benefits means retirement or disability benefits plus any other monetary payments due to the member or beneficiary from any public agency.

Total Benefits means the employer-paid premiums for salary related benefits, including, without limitation, Basic Life Insurance for Eligible Employees and Eligible Pensioners (excluding Travel and War insurance and Paid-up Life Insurance), Pension (Current Service Contribution) and Long Service benefit paid on death or retirement (except for those Eligible Employees whose benefit determination is based on a frozen salary).

Total Benefits means the total Service Retirement Allowance or disability retirement allowance benefit that is payable to a Restricted Retired Member in accordance with the provisions of this section.

Total Benefits shall be limited to the stream of benefits indicated under FERC restrictions for determ ining whether the Project is or has been a qualifying facility under the Public Utility Regulatory Policy Act of 1978, as amended ("PURPA"). Notwithstanding anything set forth above to the contrary, as used herein, the "Utility Affiliate Share of Benefits" and "Total Benefits" shall be calculated in conformance with guidance in FERC Qualifying Facility decisions issued through the date of calculation, including but not limited to guidance concerning appropriate discount rates and the types of benefits to be included in the stream of benefits (it being agreed that the Total Benefits shall include benefits received by the prior owners of the Project Partnerships unless the FERC or a federal court has issued an order or ruling finding that such benefits received by the prior owners should not be included in such calculation or the FERC has issued an order or ruling or a federal court has rendered a decision, in either case making a similar finding with respect to a facility other than the Projects based on facts pertaining to the FERC's qualifying facility ownership criteria under PURPA ("Ownership Criteria") that are similar to those presented by the ownership of the Project Partnerships from the Original Effective Date).

Total Benefits has the meaning assigned to such term in Section 4 hereof.

Total Benefits has the meaning accorded such term in Section 5.18. [Signature page follows]