Amount of Separation Payment Sample Clauses

Amount of Separation Payment. Subject to the terms and conditions in this Agreement, the Company will provide you with a Separation Payment (the “Separation Payment”) in an amount equal to: o The sum of: 1) eighteen (18) months’ base salary, as in effect on the effective date of the termination of your employment (the “Termination Date”); and 2) your annual target bonus opportunity, as in effect on the Termination Date. An amount equal to sixty percent (60%) of the payment provided for in this paragraph (the “First Payment”) will be payable to you, less lawful withholdings and deductions, on the six-month anniversary of the Termination Date and the remainder, less lawful withholdings and deductions, will be payable to you over the six-month period following such anniversary in accordance with the Company’s then prevailing payroll policies; provided that the maximum portion of the First Payment that is exempt from Section 409A of the Code (as defined below) will be payable to you on or before the seventy-fifth (75th) day following the Termination Date; plus o If, as of the Termination Date, AIP bonuses had not yet generally been paid to similarly situated employees with respect to the prior fiscal year, a bonus based on the amount of your base salary actually paid to you during such prior fiscal year, provided, that such bonus, if any, will be payable to you if and when such bonuses are paid to similarly situated employees and will be based on your annual bonus target that was in effect with respect to such prior fiscal year as well as Company and your business unit performance, as determined by the Company, but without adjustment for your individual performance; and
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Amount of Separation Payment. In the event of Executive’s Qualifying Termination, the Company shall pay, and Parent shall cause the Company to pay, to Executive in accordance with the terms of this Agreement a lump sum cash payment equal to:
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Amount of Separation Payment. (A) The amount of the Separation Payment payable to an eligible applicant shall be the following: 221
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Related to Amount of Separation Payment

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Amount of Compensation City shall pay Contractor for performance of all Services rendered in accordance with this Contract in an amount not to exceed $2,000,000.

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

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