COMPENSATION FOR LOSS OF EMPLOYMENT. (1) Where an officer's employment is terminated due to the sale of a ship or change of the registry or flag or management, he or she shall be compensated with two months’ basic salary for such loss of employment provided similar continuous employment in the same position in the Company is not available. An officer so terminated shall also be entitled to termination notice in accordance with Clause 13 of this Agreement.
(2) Where a ship is wrecked or lost and an officer's employment is terminated due to such wreckage or loss, he or she shall be compensated with two months basic salary for such loss of employment, provided similar continuous employment in the same position in the Company is not available.
(3) Compensation under sub-clauses (1) and (2) shall not be applicable to an officer who has served the agreed contract period, or when alternative employment is provided for such an officer to continue his contract onboard another vessel under the terms of this or other similar agreement between the Company and the Union.
COMPENSATION FOR LOSS OF EMPLOYMENT. (1) Where an officer’s employment is terminated due to the sale of a ship, lay up, change of the registry or flag, change of management of a vessel or due to any other reasons, he shall be compensated with two months’ salary for such loss of employment provided similar continuous employment in the same position in the Company is not available. An officer’s employment so terminated shall also be entitled to termination notice in accordance with clause 14 of this Agreement.
(2) Where a ship is wrecked or lost and an officer’s employment is terminated due to such wreckage or loss, he or she shall be compensated with two months’ basic salary for such loss of employment, provided similar continuous employment in the same position in the Company is not available.
COMPENSATION FOR LOSS OF EMPLOYMENT. When an employment relationship ends, an employee is entitled to receive final ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ : ▪ any outstanding wages or other remuneration still ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ; ▪ accrued payment for annual leave; ▪ payment in lieu of notice; ▪ any accrued bonuses. Please see the following links for more information:
COMPENSATION FOR LOSS OF EMPLOYMENT. 3.1 Subject to the Executive's compliance with the Executive's obligations under this Agreement and receipt by the Company of the Adviser's certificate signed by the Adviser under the terms of this Agreement the Company shall within twenty eight (28) days of the later of the Termination Date and the date of this Agreement pay the Executive:
(a) £123,500 (one hundred and twenty three thousand, five hundred pounds) being payment in lieu of basic salary for his six month notice period, including for the avoidance of doubt, the period from 5 November 2012 until the Termination Date which was served on garden leave in accordance with Clause 2 of this Agreement, less the normal deductions for tax and national insurance; and
(b) £85,500 (eighty five thousand five hundred pounds) as an ex gratia payment as compensation for loss of employment but without admission of liability (this £85,500 being the "Compensation Payment").
3.2 The first £30,000 of the Compensation Payment will be paid without deduction of income tax and national insurance by the Company prior to payment to the Executive on the basis that the Company believes it is a payment pursuant to Sections 401 to 405 of the Income Tax (Earnings and Xxxxxxxx) Xxx 0000 although the Company makes no warranty to this effect and the balance will be subject to tax and national insurance in the normal way.
3.3 The Company will continue the Executive's private medical insurance (subject to the terms and condition of the scheme) until 1 April 2013 unless the Executive secures alternative cover before then in which case the Company will terminate the Executive's cover with its scheme.
COMPENSATION FOR LOSS OF EMPLOYMENT. (a) At the Termination Date, the equity grants of MIVA, Inc. (the Company’s ultimate parent) shall be treated as follows (“the Severance Payment”):
(i) the following service based restricted stock units currently held by you will immediately vest as of the Termination Date and the Company shall issue such restricted stock after payment for personal withholding taxes that may be payable by you upon the vesting of such restricted stock units: 1-2-07 119,275 1-2-08 159,033
(ii) the following stock options granted under the indicated plan shall fully vest and remain exercisable throughout their term as if you were an employee of the Company: 7-1-04 / NSO 733 $ 3.88 7-1-14
(b) The Company confirms and represents that the Compensation Committee of the Board as defined in the stock award incentive plan has approved and consented to the Employee receiving the shares referred to pursuant to clauses 3(a)(i) and (ii) above.
(c) The Company warrants that the shares being issued under this Agreement are not subject to any restriction other than the Company trading window restrictions and applicable securities laws. The shares are fully paid and duly authorised and issued and non-accessible.
COMPENSATION FOR LOSS OF EMPLOYMENT. This is a matter for negotiation. Note that the law requires ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . Several alternative pension provisions are offered in the document. Even then, they may not cover your particular circumstances. However, it is likely that the tax ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . We suggest that both parties ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
COMPENSATION FOR LOSS OF EMPLOYMENT. When an employment relationship ends, an employee is entitled to receive final ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ xxxxx://xxx.xxxxxxxxxxxxxxxxxxx.xx/en/employment/unemployment_and_redun xxxxx/losing_your_job/losing_job_entitlements.html xxxxx://xxx.xxxxxxxxxxxxxxxxxxx.xx/en/employment/unemployment_and_redun xxxxx/redundancy/redundancy.html xxxxx://xxx.xxxxxxxxxxxxxxxxxxx.xx/en/employment/unemployment_and_redun xxxxx/redundancy/redundancy_payments.html
COMPENSATION FOR LOSS OF EMPLOYMENT. As compensation for the Executive’s loss of employment and subject to compliance by the Executive with his obligations under this Agreement and subject to and conditional upon the facts being as warranted or represented in sub-clauses 1.3.2, 1.7.1, 1.7.2, 6.1, 6.2 and 6.3, the Company shall pay to the Executive the sum(s) and provide the benefits and/or implement the arrangements set out below in this clause 4 (without any admission of liability).
COMPENSATION FOR LOSS OF EMPLOYMENT. (1) Where an officer’s employment is terminated due to the sale of a ship or change of the registry or flag or management, he shall be compensated with two months’ basic salary for such loss of employment. An officer’s employment so terminated shall also be entitled to termination notice in accordance with clause 12 of this Agreement.
(2) Where a ship is wrecked or lost and an officer’s employment is terminated due to such wreckage or loss, he shall be compensated with two months’ basic salary for such loss of employment.
COMPENSATION FOR LOSS OF EMPLOYMENT. As compensation for the Employee’s loss of employment and in satisfaction of all his claims ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
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