Incremental Monetary Benefits Sample Clauses

Incremental Monetary Benefits. For the consideration outlined in this Agreement, it is agreed that the cumulative effect of the payments associated with the Segment Incentives specified in Section II.A of Attachment A and the *** specified in Section II.B of Attachment A will result in ***, as determined in accordance with the provisions of this Section. Within *** after the end of ***, Travelport will calculate, in good faith and in accordance with applicable financial standards, and report to OWW the Incremental Quarterly Amount (as defined below) for that quarter. *** For purposes of this Section:
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Incremental Monetary Benefits. (***). For the consideration outlined in this Agreement, it is agreed that the cumulative effect of the payments associated with the Segment Incentives specified in Section II.A of Attachment A and the (***) specified in Section II.B of Attachment A will result in $(***), as determined in accordance with the provisions of this Section. Within (***) after the end of (***), Travelport will calculate, in good faith and in accordance with applicable financial standards, and report to OWW the Incremental Quarterly Amount (as defined below) for that quarter. (***). For purposes of this Section: (i) The “Incremental Quarterly Amount” means, for a given calendar quarter of (***), (x) the Current Quarterly Payment for that quarter, minus (y) the Would-Be Quarterly Payment for that quarter. (ii) The “Current Quarterly Payment” means, for a given calendar quarter in (***), (x) the amount paid by Travelport in Segment Incentives (net of Program Fees) for that quarter under this Agreement, minus (y) the amount received by Travelport in (***) for that quarter under this Agreement. (iii) The “Would-Be Quarterly Payment” means, for a given calendar quarter in (***), (x) the amount that would have been paid by Travelport in Segment Incentives (net of Program Fees and any other fees equivalent to “Program Fees” as that term is defined in this Agreement) for that quarter under the 2007 Agreement (as it and material relationships with Vendors existed as of (***)), minus (y) the amount that would have been received by Travelport from Subscriber in (***) (defining (***) in the same manner as defined in this Agreement) for that quarter under the 2007 Agreement (as it and material relationships with Vendors existed as of (***)). For the avoidance of doubt, (***) are the only air Vendors with whom Orbitz was in a (***) as of (***) (all ***Confidential Information has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to this omitted information. other air Vendors generating Segments are “retail” air Vendors). If during (***) Orbitz enters into a new (***) with any (***), the Parties will review the Current Quarterly Payment then projected for upcoming calendar quarters in (***), and will agree upon any adjustments to the applicable provisions of this Agreement that may be necessary to more closely achieve the intent and objective specified in the first paragraph of this Section 4.K. For the avoidanc...
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Related to Incremental Monetary Benefits

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Severance and Change in Control Benefits The Committee has designated you a participant in the Company’s Executive Change in Control and Severance Plan (the “Policy”), attached as Exhibit A to this Agreement. As a participant in the Policy, you will be eligible to receive severance payments and benefits upon certain qualifying terminations of your Employment as set forth in Exhibit B to this Agreement (the “Participation Terms”), subject to the terms and conditions of the Policy. By signing this Agreement, you agree that this Agreement, the Policy, and the Participation Terms constitute the entire agreement between you and the Company regarding the subject matter of this paragraph and supersede in their entirety all prior representations, understandings, undertakings or agreements (whether oral or written and whether expressed or implied), and specifically supersede any severance and/or change of control provisions of any offer letter, employment agreement, or equity award agreement entered into between you and the Company. For the avoidance of doubt, all other terms of any equity awards granted to you by the Company will remain in effect.

  • Change in Control Benefits Agreement shall mean any separate agreement between Participant and the Corporation which provides Participant with special vesting acceleration and/or other special benefits with respect to one or more awards of restricted stock units made to Participant for shares of Common Stock, including (to the extent applicable) the restricted stock units evidenced by this Agreement, in the event of a change in control or ownership of the Corporation (whether or not constituting a Change in Control hereunder).

  • SUPPLEMENTAL BENEFITS The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Article 17.03.

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Minimum Benefits If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the Minimum Benefits, in addition to any other benefits to which Executive may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to Executive pursuant to this Section 4(a) shall be provided within 30 days after the Termination Date; provided, however, that any benefits, incentives or awards payable as described in Section 4(f) shall be provided in accordance with the terms of the applicable plan, program or arrangement. Except as may expressly be provided to the contrary in this Agreement, nothing in this Agreement shall be construed as requiring Executive to be treated as employed by the Company or any Affiliate following the Termination Date for purposes of any plan, program, or arrangement.

  • Severance Amount If the Company is required to pay Executive severance by the express terms of Section 7(a) or 7(b), the Company shall pay Executive the following as severance:

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

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