Common use of Payment in Lieu of Notice Clause in Contracts

Payment in Lieu of Notice. 21.1 The Company may in its absolute discretion, terminate the Employment at any time with immediate effect and pay you a sum equal to the basic salary you would have received during your notice period pursuant to clause 9.1 (or, if notice has already been given, during the remainder of the notice period) less income tax and National Insurance contributions (“Payment in Lieu”). The Payment in Lieu shall not include any payment in respect of:

Appears in 3 contracts

Samples: Service: Agreement (Tiziana Life Sciences PLC), Service: Agreement (Tiziana Life Sciences PLC), Service Agreement (Tiziana Life Sciences PLC)

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Payment in Lieu of Notice. 21.1 The Company may in its absolute discretion, terminate the Employment at any time with immediate effect and pay you a sum equal to the basic salary you would have received during your notice period pursuant to clause 9.1 3.2 (or, if notice has already been given, during the remainder of the notice period) less income tax and National Insurance contributions ("Payment in Lieu”). The Lieu").The Payment in Lieu shall not include any payment in respect of:

Appears in 1 contract

Samples: Service Agreement (CAI International, Inc.)

Payment in Lieu of Notice. 21.1 20.1 The Company may in its absolute discretion, terminate the Employment at any time with immediate effect and pay you a sum equal to the basic salary you would have received during your notice period pursuant to clause 9.1 8.1 (or, if notice has already been given, during the remainder of the notice period) less income tax and National Insurance contributions ("Payment in Lieu"). The Payment in Lieu shall not include any payment in respect of:

Appears in 1 contract

Samples: Service Agreement (Rocket Fuel Inc.)

Payment in Lieu of Notice. 21.1 The Company may in its absolute discretion, terminate the Employment at any time with immediate effect and pay you a sum equal to the basic salary Base Salary and the cost to the Company of any benefits you would have received during your notice period pursuant to clause 9.1 (or, if notice has already been given, during the remainder of the notice period) less income tax and National Insurance contributions ("Payment in Lieu"). The Payment in Lieu shall not include any payment in respect of:

Appears in 1 contract

Samples: Service Agreement (Bottomline Technologies Inc)

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Payment in Lieu of Notice. 21.1 22.1 The Company may in its absolute discretion, terminate the Employment at any time with immediate effect and pay you a sum equal to the basic salary you would have received during your notice period pursuant to clause 9.1 8.1 (or, if notice has already been given, during the remainder of the notice period) less income tax and National Insurance contributions ("Payment in Lieu"). The Payment in Lieu shall not include any payment in respect of:

Appears in 1 contract

Samples: Service Agreement (SVB Financial Group)

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