Cash Benefits Sample Clauses

Cash BenefitsThe Benefits described in the Member Handbook and Supplemental Benefits brochures, if applicable, are provided by Plan, subject to payment by the Member of the Cost Shares indicated. Additionally, except as specifically provided in Section 3.6 and Article XI hereof, neither Plan nor any Plan Provider will be obligated to provide a Member with cash in lieu of Benefits.
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Cash BenefitsEffective as of the Distribution Date, SpinCo hereby agrees to cause the SpinCo Executive Deferred Compensation Program to assume responsibility for all liabilities and fully perform, pay and discharge all obligations, when such obligations become due, of the RemainCo Executive Deferred Compensation Program with respect to benefits accrued thereunder by SpinCo Participants immediately prior to the Distribution Date that are payable in cash. Effective as of the Distribution Date, RemainCo hereby agrees to cause the RemainCo Executive Deferred Compensation Program to retain responsibility for all liabilities and fully perform, pay and discharge all obligations, when such obligations become due, of the RemainCo Executive Deferred Compensation Program with respect to benefits accrued thereunder by RemainCo Participants immediately prior to the Distribution Date that are payable in cash.
Cash Benefits. BANA shall fund the $21,000,000.00 Settlement Fund in accordance with Section 6.
Cash Benefits. (1) An insured person and members of their family residing or staying in the State which is not competent shall be entitled to cash benefits provided by the competent institution in accordance with the legislation it applies. (2) The competent institution of a State whose legislation stipulates that the calculation of cash benefits shall be based on average income or on an average contribution basis shall determine such average income or average contribution basis exclusively by reference to the incomes confirmed as having been paid, or contribution bases applied, during the periods completed under the said legislation. (3) The competent institution of a State whose legislation provides that the calculation of cash benefits shall be based on standard income shall take into account exclusively the standard income or, where appropriate, the average of standard incomes for the periods completed under the said legislation. (4) Paragraphs 2 and 3 apply mutatis mutandis to cases where the legislation applied by the competent institution lays down a specific reference period which corresponds in the case in question either wholly or partly to the periods which the person concerned has completed under the legislation of the other State.
Cash Benefits. The Company or its Subsidiary shall pay the Employee as a severance payment an amount equal to: (1) the sum of: (A) the Employee’s highest annual salary in effect during any period of 12 consecutive months within the 60 months immediately preceding his or her date of termination of employment, plus (B) an amount equal to the highest annual bonus awarded to the Employee under the Company’s Corporate Bonus Plan (or a similar plan in which the Employee is designated to be a participant) in respect of any of the three most recent calendar years immediately preceding the calendar year in which his or her date of termination of employment falls. Such severance payment shall be paid in lump sum within 10 business days of the date of the latest of the Employee’s termination of employment, the Change in Control or the effective date of any release under Section 4 (taking into account any rescission period that may apply to such release under applicable laws). Such severance payment shall be in addition to any accrued salary and vacation pay to which the Employee shall be entitled to receive as a matter of law through the date of the Employee’s termination of employment at the rate then in effect in accordance with the standard payroll practices of the Company or Subsidiary which shall not be considered to be Benefits under this Agreement.
Cash Benefits. Xxxx’x will pay Approved Claims for Unreimbursed Losses, Lost Time, and an Alternative Cash Payment, as described below. Settlement Class Members who submit a valid and timely Claim Form may choose from all applicable claim categories below.
Cash Benefits. The Company ---------------------------- ------ -------- shall pay Consultant an annual fee of $300,000 during the Consulting Period in equal semi-monthly installments on its normal payroll days. Consultant shall be entitled to health and dental insurance, disability insurance and similar benefits that are provided to executive officers of the Company, and shall have all other incidental perquisites available to Consultant in his previous capacity as President of the Company or made available to the top executives of the Company. The Company shall not, however, be required to adopt or to maintain in existence any benefit plan or modify the terms of eligibility under any plan to accommodate Consultant, but shall, if Consultant is ineligible under any such plan, provide comparable benefits purchased separately.
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Cash BenefitsThe Company shall pay to Executive the sum of: 1. Executive’s monthly base salary for the number of full or partial months between the Termination Date and May 20, 2022; 2. $501,375, which amount equals 125% of Executive’s target incentive award for 2021; and 3. Subject to Executive’s timely election of COBRA continuation coverage, a payment of $15,000 for continuation of Executive’s health insurance coverage. Payment of amounts set forth in Sections 3(a)(1)-3(a)(3) shall commence not later than 28 days after the Termination Date in substantially equal quarterly installments ending on March 15, 2022.
Cash Benefits. Kommunen (the local district council, or, where the administration of such benefits has been assigned to it by that authority, Den stedlige anerkendte sygekasse (the local public sickness fund).
Cash Benefits. (i) a cash severance Benefit equal to three times the aggregate of the Executive's Salary plus Bonus, (ii) an amount in lieu of the Executive's bonus which would have been paid under the Air Products Annual Incentive Plan or similar successor or substitute annual incentive plan or program for the Fiscal Year in which the Employment Termination Date occurs, equal to the Bonus multiplied by a fraction, the numerator of which is the number of days in the current Fiscal Year through the Executive's Employment Termination Date, and the denominator of which is 365, (iii) any accrued but unpaid vacation pay, any similar unpaid items that have accrued and to which the Executive has become entitled as of his Employment Termination Date, including declared but unpaid bonuses and unreimbursed employee business expenses, (iv) a $40,000 stipend to cover miscellaneous transition expenses including outplacement assistance and legal fees incurred at the time of or in connection with the Involuntary Termination, and (v) supplemental pension benefits paid by the Company equal to the excess of (i) those pension benefits calculated by adding three years of service to the Executive's actual service credited for benefit accrual purposes under the the Company's Pension Plan for Salaried Employees and Supplementary Pension Plan (together, the "Pension Plans") and assuming that the Executive had satisfied as of the Employment Termination Date the age and service requirements for any early retirement subsidy available under the Pension Plans over (ii) the Executive's accrued vested pension benefits under the Pension Plans as of the Employment Termination Date. The supplemental pension benefits payable hereunder shall be paid at the same time and in the same form as the Executive elects for his Supplementary Pension Plan benefit.
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