PAYMENT OF SALARY ETC Sample Clauses

PAYMENT OF SALARY ETC. The Company will continue to provide the Executive with his salary and all other contractual benefits up to the Termination Date in the normal way. Within 14 days of the Termination Date the Company will also pay the Executive in respect of his accrued but untaken holiday (less such deductions for income tax and national insurance as are required by law).
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PAYMENT OF SALARY ETC. The Company will continue to provide the Executive with his salary and all other contractual benefits up to the Termination Date in the normal way. Within 14 days of the Termination Date the Company will also pay the Executive in respect of his accrued but untaken holiday (less such deductions for income tax and national insurance as are required by law). TERMINATION SUMS Subject to the Executive agreeing to all of the conditions set out below, and receipt by the Company of a copy of this Agreement signed by the Executive and the attached certificate signed by the Executive’s legal adviser, the Company will pay the Executive the following sums: £[appropriate figure to be inserted] in respect of the Executive’s entitlement to an annual incentive award for the year in which the termination of the Executive’s employment with the Company occurs, as calculated in accordance with Clause 18.2(b) of the Service Agreement; the sum of £[appropriate figure to be inserted] in respect of the Executive’s entitlement to a Severance Payment, as calculated in accordance with Clauses 18.2(c) and 18.3 of the Service Agreement; and the sum of £[appropriate figure to be inserted] in respect of the Executive’s entitlement to the unpaid balance of all previously earned cash bonus and other incentive awards with respect to performance periods which have been completed as at the Termination Date but not yet paid, as calculated in accordance with Clause 18.2(d) of the Service Agreement. The sums set out in (i) to (iii) above will be subject to such deductions for income tax and national insurance as are required by law and will be paid to the Executive within [14] days of the date of signature by him of this Agreement and signature by his legal adviser of the attached certificate. Payment will be made by transfer to the Executive’s bank account. SHARE OPTIONS [The Company confirms that the extent to which share options and other equity-based awards held by the Executive as at the Termination Date shall be exercisable following the Termination Date will be determined solely in accordance with terms of the agreements under which such share options and other equity-based awards were granted.] or [The Company confirms that all share options and other equity-based awards granted to the Executive have vested and will remain exercisable for the remainder of their terms.] WAIVER OF CLAIMS The Executive accepts the terms set out in this Agreement in full and final settlement of all and any ...
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PAYMENT OF SALARY ETC. 3.1. The Company continued to provide the Executive with his salary and all other contractual benefits (including pension contributions) up to the Termination Date in the normal way. Within fourteen (14) days of the date of signature by the Executive of this Agreement and signature by his legal adviser of the attached certificate the Company will also pay the Executive in respect of his accrued but untaken holiday amounting to 10.5 days (less such deductions for income tax and national insurance as are required by law). The provision of all benefits ceased with effect from the Termination Date save as expressly provided for under this Agreement. 3.2. The Executive will remain in the Company's private health insurance scheme at its expense and on the same basis as cover is provided to other employees until 5 December 2015 or, if earlier, until the Executive starts new employment providing this benefit on the same or similar terms. This will be subject to the rules of the scheme. The Executive undertakes to notify the Company as soon as he obtains suitable cover under any new employment. EMECURRENT 932789033.3 3.3. As part of the arrangements relating to the termination of the Executive's employment and provided the conditions in Clause 4.1 of this Agreement have been satisfied, the Company will, within thirty (30) days of the date of signature by the Executive of this Agreement and signature by his legal adviser of the attached Certificate, make the following payments, without admission of liability: (a) a payment of £30,000 as compensation for loss of office; (b) a payment of £42,228 as compensation for lost pension contributions; Without prejudice to Clause 16 below, the Company will pay the amount at Clause 3.3(a) without deduction for income tax or employee national insurance on the understanding that this is permitted by the PAYE Regulations, but the Company gives no warranty to that effect. The payment at Clause 3.3(b) will be paid to the Executive less such deductions as the Company is by law required to make. 3.4. The Company will pay the Executive £5,000 as compensation for loss of life insurance cover. This sum will be paid at the same time and will be subject to the same conditions as the payments under Clause 4 below and will be paid less any deductions which the Company is by law required to make. 3.5. The Company will reimburse the Executive in respect of all expenses properly incurred through the course of his employment up to and including t...
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PAYMENT OF SALARY ETC. The Company will continue to provide the Executive with his salary and all other contractual benefits (including, but not limited to, healthcare, golf and gym memberships, business class return flights home to the United Kingdom for the Executive, his spouse and dependent children and pension contributions at current rates) up to the Termination Date in the normal way; provided, that, with respect to flight benefits, (i) the Executive will be permitted to use his remaining flights for 2014 for flights during the period March 26, 2015 through and including April, 2015; and (ii) the Executive will not be entitled to any additional flight benefits in respect of service in 2014 or 2015. Within fourteen (14) days of the Termination Date the Company will also pay the Executive in respect of his accrued but untaken holiday (less such deductions for income tax and social security as are or may be required by law as of the date of payment). Following the Termination Date, the Company or its advisers shall contact the Executive separately regarding any accrued benefits due under any Company or Group pension scheme (the “Pension Scheme”), and the options open to the Executive in relation to the Pension Scheme. The Executive, his spouse and any dependent children will remain in the Company’s private medical insurance scheme (or an equivalent continuation scheme) at its expense and on the same basis as previously until September 3, 2015 or, if earlier, until the Executive starts new employment providing an equivalent benefit. The Company warrants and represents to the Executive that the provider of the Company’s private medical insurance scheme has confirmed to the Company that the insurance can be continued as contemplated by this Clause 3. The Executive undertakes to notify the Company as soon as he starts new employment. The Company will continue to pay its usual proportion of the rental payments on the Executive’s house in Bermuda for the months of March and April 2015, and any costs due to giving early notice of termination (other than any costs determined by the Company to have been incurred by reason of any failure or delay of the Executive to provide reasonable advance notice of such early termination). If the Executive chooses to return to the United Kingdom not later than July 31, 2015, the Company will pay for the reasonable costs of relocating the Executive, his spouse and any dependent children, and their collective possessions, to the United Kingdom (incl...
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PAYMENT OF SALARY ETC. The Company will continue to provide the Employee with his salary and all other contractual benefits up to the Termination Date in the normal way. Within 14 days of the Termination Date the Company will also pay the Employee in respect of his accrued but untaken holiday (less such deductions for income tax and national insurance as are required by law).
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PAYMENT OF SALARY ETC. Promptly after the execution of this Agreement, Strategia shall pay Buren $12,446.18 (minus any applicable withholding) for all accrued but unpaid salary, bonus and unused vacation time (this amount also includes an additional $100 for the release set forth in Section 9 (iv) of this Agreement). Strategia shall also reimburse Buren under its medical reimbursement plan up to $416.67 (minus any reimbursements already taken by Buren with respect to 1997 under the plan) for expenses that qualify under the plan and were incurred on or prior to the date of this Agreement. Such reimbursement shall be subject to the terms and conditions of the plan.
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Related to PAYMENT OF SALARY ETC

  • Payment of Salary Employee acknowledges and represents that the Company has paid all salary, wages, bonuses, accrued vacation, commissions and any and all other benefits due to Employee.

  • Payment of Salaries 5.5.1 Basis of Calculation The salaries of principals shall be paid fortnightly and the gross salary for a full pay period is calculated as 14/365ths of the annual salary rate. For broken periods the calculation is the number of days due multiplied by the annual rate and divided by 365. Gross salary comprises all salary and allowances (temporary and those paid on a regular basis).

  • Payment of Salary and Receipt of All Benefits Employee acknowledges and represents that, other than the consideration set forth in this Agreement, the Company has paid or provided all salary, wages, bonuses, accrued vacation/paid time off, premiums, leaves, housing allowances, relocation costs, interest, severance, outplacement costs, fees, reimbursable expenses, commissions, stock, stock options, vesting, and any and all other benefits and compensation due to Employee.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Payment of Benefits All or part of the contract benefits may be paid under one or more of the following: - a variable payment plan; - a fixed payment plan; or - in cash. The provisions and rate for variable and fixed payment plans are described in Section 11. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.3.

  • Form of Compensation Compensation for overtime shall be paid except where, upon request of the Employee, and with the approval of the Employer, or its representative, overtime may be granted in the form of time off in lieu of overtime hours worked.

  • Monthly Salary The words “monthly salary” when used in this Agreement shall mean: (Bi-weekly pay at regular rate of pay times 26.1) divided by 12 = monthly salary

  • Deferred Salary Leave Each employer ratifying this Agreement will establish or, as necessary, review and update a deferred salary leave plan consistent with Regulations issued by Canada Revenue Agency under the Income Tax Act. The parties may use the Application, Agreement, and Approval Form as a template (see Appendix H) for the deferred salary leave plan.

  • Contract Duration and Annual Salary 1. The College hereby employs the Administrator in the capacity of Director - Marketing Services, Associate Professor for one year, commencing on July 1, 2024 and terminating on June 30, 2025. The Administrator accepts such employment on the conditions hereinafter set forth, and any applicable provisions of the Board of Trustees Policy Manual. In the event of conflict between Board Policy and this Contract, the Contract shall govern. 2. For the 2024-2025 contract year, the Administrator shall receive an annual salary of $178,054.00 subject to applicable deductions, to be paid in bi-weekly installments as full compensation for all rights granted and service performed under this Contract.

  • Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $76,000 per annum, payable in cash not less frequently than monthly; provided, that the rate of such salary shall be reviewed by the Board of Directors of the Bank not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the Board of Directors in its sole discretion may decide.

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