Xxxxxxxxx Pay definition

Xxxxxxxxx Pay. The Company shall pay you severance pay (“Severance Pay”) by continuing your base salary (at the annual rate of $455,400.24 per year) effective for the nine (9) month period immediately following the Resignation Date (the “Severance Pay Period”). The Company shall pay you Severance Pay in installments on its regular payroll dates during the Severance Pay Period; provided that the Company shall not be obligated to pay any Severance Pay before the Certificate Effective Date (as defined in Exhibit A). If the Company does not make one or more payments of Severance Pay on a regular payroll date because the Certificate has not yet become effective, the Company shall make all such delayed payments by the first payroll date when it is practicable to do so after the Certificate Effective Date.
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Xxxxxxxxx Pay. As a severance benefit and as consideration for Xxxxxxx entering into this Agreement, Xxxxxxx shall receive severance pay totaling One Hundred Sixty-Four Thousand One Hundred Twenty Dollars and 84/100ths ($164,120.84) to be paid in fifty-two (52) equal installments of Three Thousand One Hundred Fifty Six Dollars and 17/100ths ($3,156.17) which will be paid by direct deposit in accordance with the Bank’s usual and customary payroll practices starting on January 12, 2007, with the final payment being made on December 26, 2008. The severance pay shall be reduced by applicable state and federal income and employment taxes which the Bank is required to withhold.
Sample 1
Xxxxxxxxx Pay as used herein, shall mean the actual or constructive compensation, including wages and benefits as defined by Florida Statutes §215.425(4). If this Agreement is terminated “without cause” during the term of the Agreement, as described in this provision, the DISTRICT shall pay XXXXXXXX a single lump sum cash payment of twelve (12) weeks of XXXXXXXX’X set hourly wages per pay period in effect at the time of the termination of this Agreement (calculated as 12 weeks x 2 shifts/week x 24 hours/shift x $25/hour or $14,400). XXXXXXXX shall not be eligible for Severance Pay if XXXXXXXX is “terminated for cause” as contemplated in I.C.1., above, at any time during this Agreement.
Sample 1

Examples of Xxxxxxxxx Pay in a sentence

  • Xxxxxxxxx Pay under this section shall be paid by the School District into the employee’s Minnesota Health Care Savings Plan (MHCSP) within sixty (60) days of retirement.

  • OPTION X - Xxxxxxxxx Pay for Employees in a Closed Department - Severance pay for those employees electing to leave the Company’s employ as a result of their department closure.

  • Xxxxxxxxx Pay Retirement or Resignation for accumulated sick days or bonus days under A2 above.

  • Xxxxxxxxx Pay Within the lesser of thirty (30) days from the date of notice of layoff or the notice provided above an employee with more than twelve (12) months service with the Hospital who has received notice of layoff of a permanent or long-term nature may resign, forfeiting the right to notice.

  • Xxxxxxxxx Pay under this section shall be paid by the School District into the employee's Minnesota Health Care Savings Plan (MHCSP) within sixty (60) days of retirement.

  • Xxxxxxxxx Pay ......................................................................................................................

  • Xxxxxxxxx Pay Teachers who actually retire from the South Redford School District for the term of this Agreement and are eligible to draw retirement allowance from the Michigan Public School Retirement Fund shall receive a lump sum severance allowance of $100 for each full year of teaching experience in the South Redford School District.

  • Xxxxxxxxx Pay.....................................................................................................................

  • Xxxxxxxxx Pay: When an employee with ten (10) or more years of service to the District retires and is of IPERS eligible age, the employee shall be paid $10.00 for every sick leave day accumulated up to one hundred twenty (120) days.

  • Xxxxxxxxx Pay Upon retirement, teachers shall receive eighty-five dollars ($85.00) per day (or at least five dollars ($5.00) greater than the current rate of substitute pay, whichever is greater) for all unused leave days plus unused leave days to a maximum of 75 Days or Three Thousand Dollars ($3000.00) minimum with ten (10) years in the Corporation.

Related to Xxxxxxxxx Pay

  • Xxxxxxxxx means Xxxxxxxx Xxxxxxxxx.

  • Xxxxxxxxxx means Xxxxxxxxxx Broadcasting Corporation, a Maryland corporation.

  • Xxxxxxxxxxx means a corporation, association, company, joint-stock company or business trust.

  • Xxxxxxxx means Xxxxxxxx Nominees Pty. Ltd. a company incorporated in the State as trustee of The Xxxxxx Xxxxxxxx Family Trust;

  • Xxxxxxx means an employee elected or appointed by the Union who is authorized to represent the Union, an employee or both.

  • Xxxxxxxx Xxxxxxxx has entered into a Management Agreement dated June 15, 1995 ("Management Agreement") with PaineWebber PACE Select Advisors Trust (formerly known as Managed Accounts Services Portfolio Trust ("Trust")), an open-end management investment company registered under the Investment Company Act of 1940, as amended ("1940 Act"), with respect to PACE GLOBAL FIXED INCOME INVESTMENTS ("Portfolio");

  • Xxxxxxx Xxxxxxxx whose address and tax identification number shall be provided within five (5) days after this Settlement Agreement is fully executed by the Parties;

  • Xxxxx Xxxxxxxxxx means, with respect to XXXXX, 0.0326% per annum.

  • Xxxxxx Xxxxxxxxx “Xxxx Xxxxxx”

  • Xxxxxxxx Xxxxxxx “Xxxxxxx Xxx”

  • Xxxxx Xxxxxxxxx “Xxxx Xxxxxx” “X. Xxxx” “Xxxxxxx Xxxxx” LETTER #8 LETTER OF UNDERSTANDING Between THE CITY OF SAULT STE. XXXXX and LOCAL 67 C.U.P.E.

  • Xxxxxxxx Xxxxxx “Xxxxxxxxx Xxxx”

  • Xxxxxx Xxxxxxxx Xxx XxXxxx” ”Xxxx Xxxxx” ”Xxxxx Xxxxxxx” ”Xxxxx Xxxxxxxx” ”Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • Xxxxxxx Xxxxxxx whose address and tax identification number shall be provided within five (5) days after this Settlement Agreement is fully executed by the Parties;

  • Xxxx Xxxxxxxxx “Xxxxx Xxxx”

  • Xxxxxx Xxxxxxx Xxxxx Xxxxxxx”

  • Xxxxx Xxxxxxxx Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • Xxxxxxx Xxxxxx xxxxx xxx Xxxxxx xx Xxxxxxx Xxxxxxxxxx.

  • Xxxxxxxx-Xxxxx means the Xxxxxxxx-Xxxxx Act of 2002.

  • Xxxxxxxx Xxxx means the type of charge that a xxxxxxx has on somebody else’s goods when he does work on the goods. The xxxxxxx may keep the goods until he is paid for the work and if he is not paid he may sell them. A mechanic will have a xxxxxxx’x xxxx on your car if he does work on it at his garage. Any expression not described or defined in this agreement shall have the meaning given to it in the Credit Contracts and Consumer Finance Act 2003 unless the context requires otherwise. Unless the context prevents it, the singular shall include the plural and vice versa and one gender includes others to the effect that, for example, “he” includes “they”, “she” and “it”.

  • Xxxx Xxxxxxxx Xxxx Xxx”

  • Xxxxxxx Xxxxxxx Policy means the written policy of the Company pertaining to the sale, transfer or other disposition of the Company’s equity securities by members of the Board, officers or other employees who may possess material, non-public information regarding the Company, as in effect at the time of a disposition of any Stock.

  • Xxx Xxxxxxxx “Xxxxx Xxxxxxx”

  • Xxxxxx means Xxxxx’x Investors Service, Inc.

  • Xxxxx Xxxxxxx Xxxxx Xxxxxxxx” ”Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • Xxxxxx Xxxxxx “Xxxxx Xxxxxxxx”