Lump Sum Payments. The retiring allowance shall be paid in annual instalments, to a maximum of three
Lump Sum Payments. The Company shall pay to the Executive, at the times determined below, the following amounts:
(A) the Executive's Earned Salary;
(B) a cash amount (the "Severance Amount") equal to three times the sum of
(1) the Executive's annual rate of Base Salary as then in effect;
(2) the average of the annual bonuses awarded or granted to the Executive under the Annual Variable Incentive Plan (or any successor plan thereto), and any other Annual Bonus, for the each of the three fiscal years of the Company (or, if less, the number of prior fiscal years during which Executive was an employee of the Company or an Affiliate) ended immediately prior to the Effective Date for which an annual bonus amount had been determined by the Board (or any committee thereof) prior to the Effective Date. If the Executive was employed by the Company or Affiliates (taken as a whole) for only a portion of any fiscal year included in the period for which the average referred to in the immediately preceding sentence is determined and the bonus awarded or granted for such fiscal year took into account such partial period of employment, such bonus for such fiscal year shall be annualized for purposes of calculating such average; and
(3) if the Effective Date is on or prior to December 31, 2003, the average of the long-term incentive compensation amounts awarded or granted to the Executive with respect to each of the last three performance periods (or, if the Executive participated in the long-term compensation program in respect to a lesser number of such performance periods, such lesser number) ended prior to the Effective Date for which the amount awarded or granted had been determined by the Board (or any committee thereof) prior to the Effective Date; provided, however, that, the amount determined under this subclause (3) shall be reduced (but not below zero) by the "Determined Value" (as defined below) of any vested stock options, restricted stock or similar equity-based award or grant relating to the Company's common equity on the earlier to occur of the Executive's Date of Termination or the date on which a Change of Control occurs. For purposes of this Agreement, Determined Value shall mean the excess of the "Equity Value" over the price, if any, payable by the Executive in respect of such stock option or other award and Equity Value shall be determined to be (x) in the case of a Change of Control occurring by reason of a merger, recapitalization or similar transaction or as a result ...
Lump Sum Payments. The retiring allowance shall be paid in annual instalments, to a maximum of three (3) instalments of one-third of annual salary, to be paid on agreed-upon dates acceptable to the faculty member and shall be based on scale salary* without allowances at the date of retirement (i.e. last day worked) in the following amounts: Full Years to Retirement Pay Out 1 20% of annual salary 2 40% of annual salary 3 60% of annual salary 4 80% of annual salary 5 100% of annual salary *This amount could be subject to change by virtue of a new or renewed Collective Agreement that provided a salary increase applicable on the last day worked.
Lump Sum Payments. 6.01 The Parties recognize each member of the bargaining unit has been paid an amount equal to 1% of salary as a development (fundraising) productivity lump sum payment. This lump sum payment will continue to be paid to each member of the bargaining unit effective June 30 of each year, beginning July 1, 2011.
6.02 All Sessional Lecturers who held an appointment during the period from July 1 of one year to June 30 of the next, will receive the lump sum payment described in paragraph 6.01 above.
Lump Sum Payments. The retiring allowance shall be paid in annual instalments, to a maximum of three (3) instalments of one-third of annual salary, to be paid on agreed-upon dates acceptable to the faculty member and shall be based on scale salary* without allowances at the date of retirement (i.e. last day worked) in the following amounts: Full Years to Retirement Pay Out 1 20% of annual salary 2 40% of annual salary
Lump Sum Payments. You will receive a lump sum payment equal to 100% of your annual base salary in effect immediately prior to the date of your termination of employment (the “Termination Date”). The payments will be made on the Termination Date.
Lump Sum Payments. If (X) the Company terminates the Executive's ----------------- employment other than for Cause during the Employment Period or (Y) the Executive terminates his employment for Good Reason at any time during the Employment Period, then the Company shall pay to the Executive the following amounts:
(A) the Executive's Earned Salary;
(B) a cash amount (the "Severance Amount") equal to three (3) times the sum of (1) the Executive's annual Base Salary;
Lump Sum Payments. The Employer shall make three (3) lump-sum payments (not added to base salary). Payments shall be paid in a separate check on a non-pay Friday as follows:
(a) Within thirty (30) days after February 1, 2019, the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $1,250.00 less required state and federal taxes.
(b) Within thirty (30) days after February 1, 2020, the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $1,250.00, less required state and federal taxes.
(c) Within thirty (30) days after February 1, 2021, the Employer shall make a lump- sum payment (not added to base salary) to each employee in the amount of $500.00, less required state and federal taxes.
Lump Sum Payments. Depending on the qualifying period, employees who were employed before 1 May 2010 will receive a $5000 or $10,000 one-off, taxable lump sum payment.
Lump Sum Payments. A Member may request a distribution of all or a part of his Account no more frequently than once per calendar year by filing the proper Request for Distribution with the TPA. In the event the Employer has elected to provide an annuity option under the Plan, no distributions may be made from a married Member’s Account without the written consent of such married Member’s spouse (which consent shall be subject to the procedures set forth below).
