Amount and Payment Schedule. Executive’s severance benefit (in addition to the other payments specifically contemplated in this Agreement) shall be an amount equal to two times his annual Base Salary as of the date his employment terminates. Subject to the timing rule described in paragraph 4.b.ii.2 below, the severance benefit shall be paid ratably on the same payment schedule that applied to Executive’s salary at the time of his termination.
Amount and Payment Schedule. Executive’s Guaranteed Minimum Success Fee shall be an annual amount equal to two times his annual Base Salary as of the earlier of (a) the date his term of employment under this Agreement terminates or (b) the Plan Effective Date. The Guaranteed Minimum Success Fee shall be paid to Executive on the earliest of (y) the date Executive is terminated by the Company without Cause, and (z) the date Executive terminates his employment for Good Reason. The Guaranteed Minimum Success Fee shall be paid ratably on the same payment schedule that applied to Executive’s salary as of such date.
Amount and Payment Schedule. Executive’s severance benefit (in addition to the other payments specifically contemplated in this Agreement) shall be an annual amount equal to the sum of his (x) annual Base Salary and (y) Target Annual Bonus as of the date his employment terminates, paid for one year, provided that if Executive is terminated in calendar year 2006 or 2007, in lieu of the Target Annual Bonus referenced in (y) above, Executive shall receive his minimum Bonus for the applicable year as set forth in paragraph 3(b), above. Subject to the timing rule described in paragraph 4.b.ii.2, below, the severance benefit shall be paid ratably on the same payment schedule that applied to Executive’s salary at the time of his termination.
Amount and Payment Schedule a. A full-time unit member shall receive Thirty-Six Thousand Five Hundred Two Dollars ($36,502). A unit member who is a part-time employee, other than a Reduced Work Year employee (section 12.3.1), shall receive a prorated amount.
b. This award will be placed in an IRC 403(b) account for the unit member as an employer contribution. ● This payment could be made at the time of retirement, in full to the employee’s 403(b) account, if such a deposit would not cause the overall deposits to the employee’s 403(b) to exceed the annual amount ($45,000 for calendar year 2007). ● If the payment of the whole early retirement incentive at time of retirement caused the total amount contributed to exceed the annual limit, then the employer contribution of the incentive could be spread over several years (two [2] at least, or up to five [5] years after termination). Maximum allowed contribution to 403(b) is $45,000 for 2007. This amount includes employee contribution maximum of $15,500 and any employer contribution. If an employee taking the early retirement incentive had employee contributions of $15,500 in 2007, the maximum the District could put in for 2007, as an employer contribution, is $29,500 ($45,000 - $15,500 =$29,500). The remaining amount due to the employee could be contributed by the District in the following year(s).
c. The sum set forth in section 12.2.
Amount and Payment Schedule. Employer shall pay Executive the Benefits under this Agreement in fifteen (15) equal annual installments consisting of principal and interest, sufficient in amount to pay in full Executive's Vested Deferred Compensation Balance, with interest calculated on the unpaid principal amount of such Vested Deferred Compensation Balance at eight percent (8%) per annum, provided, however, that Employer may deduct from the principal installment to be paid as might be elected, pursuant to paragraph 3.2 (a) or 3.2 (b), three percent (3%) thereof as an administrative fee. If Executive dies after receiving a payment under this Article 3, but prior to receiving all such payments, the remaining payments shall continue to be paid to Executive's beneficiary as defined in this Agreement.
Amount and Payment Schedule a. A full-time unit member shall receive Thirty-Six Thousand Five Hundred Two Dollars ($36,502). A unit member who is a part-time employee, other than a Reduced Work Year employee (section 12.3.1), shall receive a prorated amount.
b. This award will be placed in an IRC 403(b) account for the unit member as an employer contribution. ● This payment could be made at the time of retirement, in full to the employee’s 403(b) account, if such a deposit would not cause the overall deposits to the employee’s 403(b) to exceed the annual amount ($45,000 for calendar year 2007). ● If the payment of the whole early retirement incentive at time of retirement caused the total amount contributed to exceed the annual limit, then the employer contribution of the incentive could be spread over several years (two [2] at least, or up to five [5] years after termination).
Amount and Payment Schedule. Executive’s Guaranteed Minimum Success Fee (in addition to the other payments specifically contemplated in this Agreement including, without limitation, the minimum emergence bonus set forth on Exhibit A attached hereto) shall be an annual amount equal to the sum of his (x) annual Base Salary and (y)
Amount and Payment Schedule. Executive’s Guaranteed Minimum Success Fee (in addition to the other payments specifically contemplated in this Agreement including, without limitation, the minimum emergence bonus set forth on Exhibit A attached hereto) shall be an amount equal to two times his annual Base Salary as of the earlier of (a) the date his term of employment under this Agreement terminates or (b) the Plan Effective Date. The Guaranteed Minimum Success Fee shall be paid to Executive on the earliest of (x) the date Executive is terminated by the Company without Cause, (y) the date Executive terminates his employment for Good Reason and (z) the Plan Effective Date. Subject to the timing rule described in paragraph 3.f.ii below, all payments shall be made as promptly as practicable. Subject to paragraph 3.f above, if the Guaranteed Minimum Success Fee is paid on any date prior to the Plan Effective Date, the Guaranteed Minimum Success Fee shall be paid ratably on the same payment schedule that applied to Executive’s salary as of such date. If the Guaranteed Minimum Success Fee is paid on the Plan Effective Date, Executive shall be entitled to a lump sum payment.
Amount and Payment Schedule. Grantee agrees to make a cash contribution to the Project in the amount of $ which shall be paid in full to XXXX not later than the date the Home is available for occupancy in accordance with the following schedule: Dates for payment Payment amount
Amount and Payment Schedule. Executive’s Guaranteed Minimum Success Fee (in addition to the other payments specifically contemplated in this Agreement including, without limitation, the minimum emergence bonus set forth on Exhibit A attached hereto) shall be an annual amount equal to the sum of his (x) annual Base Salary and (y) Target Annual Bonus as of the earlier of (a) the date his term of employment under this Agreement terminates or (b) the Plan Effective Date, for one year, provided that if Executive is terminated in calendar year 2006 or 2007, in lieu of the Target Annual Bonus referenced in (y) above, Executive shall receive his minimum Bonus for the applicable year as set forth in paragraph 3(b), above. The Guaranteed Minimum Success Fee shall be paid to Executive on the earliest of (1) the date Executive is terminated by the Company without Cause, (2) the date Executive terminates his employment for Good Reason and (3) the Plan Effective Date. Subject to the timing rule described in paragraph 3.f.ii, below, all payments shall be made as promptly as practicable. Subject to paragraph 3.f above, if the Guaranteed Minimum Success Fee is paid on any date prior to the Plan Effective Date, the Guaranteed Minimum Success Fee shall be paid ratably on the same payment schedule that applied to Executive’s salary as of such date. If the Guaranteed Minimum Success Fee is paid on the Plan Effective Date, Executive shall be entitled to a lump sum payment.
