Notice Pay. You will receive pay in lieu of any applicable company notice requirement (“Notice Pay”) for the 8.6 week period between the Transition Date and Separation Date, and subject to applicable tax withholding, in the form of salary continuation. Notice Pay will be paid to you in biweekly installments in the same manner as your regular payroll and will begin no later than the next practical payroll date after the Transition Date. To the extent any statutory or other pay or notice is legally required, the parties agree that Notice Pay will satisfy any such requirement under the Federal Worker Adjustment and Retraining Notification Act (“WARN”), or any other applicable law.
Notice Pay. In lieu of 30 days’ notice of Employee’s separation of employment, the Company agrees to pay Employee $31,232.87, the equivalent of 30-days’ pay. Subject to Section 11 below, this amount will be paid in a lump sum on the Company’s next scheduled payroll date following the effective date of this Agreement.
Notice Pay. The Company shall notify all employees who are to be laid off, five (5) working days prior to the effective date of the layoff or shall award pay in lieu thereof. Additional notice shall be provided as required by law. There shall be no more than five (5) working days counted in any calendar week.
Notice Pay. Executive was provided notice of his separation on June 16, 2014. Executive shall perform all regular duties until the Termination Date unless relieved of some or all of such duties by Executive’s supervisor. The Company shall pay Executive his regular base pay, minus any applicable deductions or withholdings, for work performed through the Termination Date, and will pay the equivalent of his regular base pay, minus any applicable deductions or withholdings, from the Termination Date through July 16, 2014, to fulfill the notice pay requirement in Section 4.01(a) of the Plan. Executive acknowledges amounts payable under this section fully and completely satisfy the notice pay requirement set forth in Section 4.01(a) of the Plan. Unless otherwise provided under applicable law, Executive will not be eligible to apply for short- or long-term disability or workers’ compensation at any time after the Termination Date.
Notice Pay. Pursuant to this Agreement, Executive is hereby being provided with two weeks (10 business days) of base pay in lieu of written notice of the termination of Employee’s employment (the “Notice Period”), which termination shall be effective on the Date of Termination. The Company in its sole discretion may change Executive’s Date of Termination in accordance with its business needs. Unless otherwise provided under applicable law, Executive will not be eligible to apply for workers’ compensation at any time after Executive’s last active day at work.
Notice Pay. In lieu of the Company continuing to employ Executive during the Notice Period, the Company has elected to shorten the Notice Period and will pay Executive, to which Executive is entitled to pursuant to the terms of the Employment Letter, the following:
i. continued payment of Executive’s base salary in effect on the Separation Date for a period of six (6) months following the Separation Date, totaling $700,000 (the “Notice Period Salary Continuation”); and
ii. an amount equal to the annual bonus for the Notice Period (calculated as 50% of the average of the actual percentages of the maximum annual bonus amounts earned by Executive for the Company’s three (3) fiscal years most-recently completed prior to the Separation Date and applied to the maximum annual bonus otherwise payable with respect to the year in which the Separation Date occurs) (the “Notice Period Annual Bonus”), totaling $1,155,583.
Notice Pay. The period that begins on the date that this Agreement is provided to Executive, as set forth in the first paragraph of this Agreement, and ends on the Termination Date shall be the Notice Period. During the Notice Period, Executive shall perform all regular duties unless relieved of some or all of such duties by Executive’s supervisor. During the Notice Period, the Company shall pay to Executive his regular base pay, minus any applicable deductions or withholdings, which will be payable in a manner and on days that correspond to the Company’s regular paydays and payroll practices. Executive acknowledges amounts payable during the Notice Period fully and completely satisfy the notice pay requirement set forth in Section 4.01(a) of the Plan. Unless otherwise provided under applicable law, Executive will not be eligible to apply for short- or long-term disability or workers’ compensation at any time after the Termination Date.
Notice Pay. Executive was provided notice of his separation on August 15, 2013, and the period between August 15, 2013 and the Termination Date shall be the Notice Period. During the Notice Period, Executive shall perform all regular duties unless relieved of some or all of such duties by Executive’s supervisor. During the Notice Period, the Company shall pay to Executive his regular base pay, minus any applicable deductions or withholdings, which will be payable in a manner and on days that correspond to the Company’s regular paydays and payroll practices. Executive acknowledges amounts payable during the Notice Period fully and completely satisfy the notice pay requirement set forth in Section 4.01(a) of the Plan. Unless otherwise provided under applicable law, Executive will not be eligible to apply for short- or long-term disability or workers’ compensation at any time after the Termination Date.
Notice Pay. Employees with fewer than four (4) years of service shall be entitled to six (6) weeks’ notice or pay in lieu thereof. Employees with four (4) years of service or more shall receive two (2) weeks’ notice of layoff or pay in lieu thereof per year of service to a maximum of eighteen (18) weeks. Copies of such notice shall be provided to the Local Union President.
Notice Pay. In lieu of a two week notice period, Company will pay Employee two weeks of pay, payable on August 31, 2006.
