Payments to the Employee Sample Clauses

Payments to the Employee. Any payments to the Employee, his estate or designated beneficiary pursuant to the terms of this Agreement shall be reduced by such amounts as are required to be withheld under all present and future federal, state, and local tax and other laws and regulations.
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Payments to the Employee. 1. Provided that the Employee complies with the terms of this Agreement including but not limited to execution of the Further Compromise Agreement attached at Annex 4 and his compliance with the Stryker Covenant Agreement save as amended by this Agreement, the Company shall on its own behalf, and on behalf of all Associated Companies, pay the following sums to the Employee: (a) a payment of $350,000, without any admission of liability whatsoevert and in respect of the Particular Claims and Proceedings (as defined in Clause 4 below) less any appropriate deductions if any, in two equal instalments of $175,000 on 1 March 2012 and 1 September 2012; (b) a payment of £500.00 in respect of the Employee's obligations under Clause 6.2 of this Agreement less any appropriate deductions, if any, to be made on 1 March 2012. 2. The Employee agrees that: (a) the Company may deduct from the sums referred to in Clause 2.1 any monies owed by the Employee to the Company or any Associated Company including, but not limited to, amounts due in respect of outstanding loan payments. To the best of its knowledge, the Company agrees that as at the date of this Agreement, there are no such monies owed to it by the Employee; (b) except for the sums, allowances and benefits referred to in this Agreement and its Annexes, no other sums or benefits are due to the Employee from the Company or any Associated Company; (c) he will indemnify the Company against all applicable taxes payable in Hong Kong or elsewhere in respect of the payments and benefits provided, or to be provided, pursuant to this Agreement, and all costs, claims, expenses or proceedings, penalties and interest incurred by the Company (which have not been incurred due to the fault, negligence or omission of the Company) which arise out of or in connection with any liability to pay (or deduct) such taxes in respect of such payments and benefits provided that no payment of such tax or other payment will be made by the Company without particulars of any proposed payment being given to the Employee prior to its being made and the Employee being given a reasonable opportunity to dispute the assessment. The payment referred to in Clause 2.1(a) also includes (to the extent a court of competent jurisdiction holds that the laws of Hong Kong apply to the Employee's employment) the Employee's entitlement to a statutory long service payment of HK$198,750, calculated in accordance with the EO. It is agreed between the parties that so lo...
Sample 1
Payments to the Employee. 3.1 The Company shall make the following payments to the Employee on the terms and conditions set out herein below: 3.1.1 On or before 25th September 2018, the Company shall make payment to the Employee in respect of all her accrued annual leave as at 30th September 2018 taking into account any Annual Leave taken prior to the 30th September 2018. 3.1.2 For the sake of clarity, all benefits to which the Employee is entitled in terms of this Agreement have been calculated and this calculation is attached hereto as Annexure “B”. 3.2 The Employee shall be paid the amounts set out hereinabove, less any deductions including but not limited to income tax, as the Company may be required to deduct. 3.3 The Company shall pay the amounts set out hereinabove, less any deductions including but not limited to income tax, into the Employee’s bank account and as per the Employee’s banking details that currently prevail with the Company’s payroll system, unless otherwise directed by the Employee in writing on or before the Notice Date. 3.4 It is recorded that the aforesaid payments are in respect of all amounts which are now or may in future be owing by the Company or any entity within the Group of Companies to the Employee howsoever arising. 3.5 No additional payments, save for what is recorded herein, will be made by the Company to the Employee, howsoever arising. 2.
Sample 1
Payments to the Employee. As soon as practicable following the execution of this Agreement, but in no event later than December 29, 2000, the Company shall: (a) pay to the Employee the full value of the Employee's accrued vacation time under the Vacation Policy, determined as of December 31, 2000 (the "Vacation Amount"); (b) pay to the Employee the full value of the Employee's account balance under the SEDC, determined as of December 26, 2000 (the "SEDC Amount"); (c) pay to the Employee (x) in satisfaction of an equal amount of the Company's obligation under the Letter Agreement with respect to guaranteed bonuses (the "Bonus Amount," and, together with the Vacation Amount and the SEDC Amount, the "Compensation Payment" ); and (d) pay to the Employee an amount equal to the excess of (1) (y) over (2) the Compensation Payment (such excess being hereinafter referred to as the "Special Compensation Amount").
Sample 1
Payments to the Employee. 2.1 In accordance with the agreement between the Company and the Employee to separate the Employee from employment under the terms of Employment Agreement between the Company and the Employee dated September 15, 2009, the Company shall on its own behalf, and on behalf of all Associated Companies, pay the following sums to the Employee within 10 days of the Termination Date:- (a) a payment of $4m (less any amount that the Company pays pursuant to clauses 2.1 (b) and 3.1), without any admission of liability whatsoever, as compensation for loss of employment and in respect of the waiver and settlement of claims and proceedings as set forth and defined in Clause 5 below either, and at the Employee’s prior direction, wholly or partly paid gross without deductions into a pension scheme nominated by the Employee and converted into pounds sterling at the spot rate of exchange applicable on the date of payment, or wholly or partly into a US dollar account nominated by the Employee less any appropriate deductions for income tax and employees’ National Insurance contributions; and (b) a payment of £500 in respect of the Employee’s obligations under Clause 7.2 of this Agreement less appropriate deductions for income tax and employees’ National Insurance contributions. (c) The Company confirms it is not aware that the Employee owes any monies to either the Company or any Associated Company including, but not limited to, amounts due in respect of outstanding loan payments, excess holiday pay and any other payments due to the Company. 2.2 The Employee agrees that: (a) except for the sums and benefits referred to in this Agreement, no other sums or benefits are due to the Employee from the Company or any Associated Company; (b) notwithstanding the parties’ belief that the first £30,000 in value of the payment and benefits provided, or to be provided, to the Employee pursuant to Clause 2.1(a) of this Agreement is exempt from tax and National Insurance liability he will indemnify the Company against all taxes and employees’ National Insurance contributions in respect of the payments and benefits provided, or to be provided, pursuant to this Agreement, and all costs, claims, expenses or proceedings, penalties and interest incurred by the Company which arise out of or in connection with any liability to pay (or deduct) tax or employees’ National Insurance contributions in respect of such payments and benefits save in relation to any tax or national insurance deducted at sourc...
Sample 1
Payments to the Employee under this Subsection IIIC will be made in accordance with the regular payroll practices of the Employer during the remaining term of this Agreement or, at the election of the Employer, such payments may be made in a lump sum.
Sample 1
Payments to the Employee. 2.1 The Company shall on its own behalf, and on behalf of all Associated Companies pay the following sums to the Employee within 14 days of the Termination Date:- (a) any outstanding salary and holiday pay which has accrued up to the Termination Date less appropriate deductions for income tax and employees’ National Insurance contributions; (b) a payment in respect of any outstanding business expenses incurred by the Employee up to the Termination Date in accordance with the Company’s usual policies and procedures relating to expenses. 2.2 The Employee agrees that except for the sums and benefits referred to in this Agreement (and the Consultancy Agreement in Annex 4), no other sums or benefits are due to the Employee from the Company or any Associated Company (including, without limitation, any bonuses and/or stock awards pursuant to the 2001 Global Annual Incentive Plan or 2006 Long Term Incentive Plan). 2.3 The Employee and the spouse shall continue to benefit from the Private Health Scheme provided by the Company until 31 May 2009 subject to the rules of the scheme from time to time. 2.4 Unless notified otherwise by the Company on or before the Termination Date, the Employee shall be entitled to purchase from LeasePlan UK Ltd. the Audi A6 registration number BP06DZE for £11,108.00 within 30 days of the Termination Date. 2.5 The Company shall pay for the Employee to receive Executive Outplacement Support from Careers Management Consultants Limited up to a cost of £5,500 plus VAT, such payment to be made directly to Careers Management Consultants Limited upon the receipt of appropriate invoices.
Sample 1
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Payments to the Employee. Upon the execution of this Agreement, Chico's shall pay to Payner, as severance pay, an amount equal to $239,063.73, subject to any applicable federal and state employment taxes and other authorized withholdings, including without limitation social security and wage withholding.
Sample 1

Related to Payments to the Employee

  • Payments to the Owner Allstate Life shall withdraw from the Funding Account and pay to or at the direction of the Owner amounts in accordance with the terms set forth in the Annex hereto. All payments made by Allstate Life to the Owner hereunder shall be paid in cash, in same-day, freely transferable funds on the date of payment to such account as has been specified for such purpose in writing by the Owner to Allstate Life.

  • Payments to the Company Except as provided in Section 3 hereof, after the Trust has become irrevocable, the Company shall have no right or power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payments of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plans.

  • Payments to Owner Section 4.01 Remittances...................................................29 Section 4.02 Statements to Owner...........................................29 Section 4.03 Monthly Advances by Servicer..................................30 Section 4.04 Due Dates Other Than the First of the Month...................30 ARTICLE V

  • Payments to Company Except as provided in Section 3 hereof, after the Trust has become irrevocable, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

  • Payments to the Agent (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

  • Payments to Specified Employees Notwithstanding any other Section of this Agreement, if the Employee is a Specified Employee at the time of the Employee’s Separation from Service, payments or distribution of property to the Employee provided under this Agreement, to the extent considered amounts deferred under a non-qualified deferred compensation plan (as defined in Code Section 409A) shall be deferred until the six (6) month anniversary of such Separation from Service to the extent required in order to comply with Code Section 409A and Treasury Regulation 1.409A-3(i)(2).

  • Payments to Consultant 5.1 The total compensation for Consultant’s performance of the Services shall be in the amount not to exceed Two Hundred Six Thousand Three Hundred Ninety Five Dollars ($206,395.00) and shall be paid on a time and materials basis based upon the rates shown in Exhibit “B” entitled “Project Cost,” which is attached hereto and incorporated herein by reference. 5.2 Consultant shall submit monthly invoices to City describing the Services performed during the preceding month. Consultant’s invoices shall include a brief description of the Services performed, the dates the Services were performed, and the number of hours spent and by whom. City shall pay Consultant no later than thirty (30) days after receipt and approval by City of Consultant’s invoice. 5.3 All notices shall be given in writing by personal delivery or by mail. Notices sent by mail should be addressed as follows: City Consultant Xxxxx Xxxxx X. Xxxxx Xxxxxx City of Redlands Senior Vice President 00 Xxxxx Xxxxxx, Xxxxx 00X Dynatest Consulting Inc. X.X. Xxx 0000 (mailing) 000 Xxxxx Xxxxxxxx Xxxxxx Xxxxxxxx, XX 00000 Xxxxxxx, XX 00000 When so addressed, such notices shall be deemed given upon deposit in the United States Mail. Changes may be made in the names and addresses of the person to whom notices and payments are to be given by giving notice pursuant to this section 5.3.

  • PAYMENTS TO PURCHASER 52 ARTICLE VI....................................................................54

  • Payments to the Agreement Holder Principal Life shall pay to, or at the direction of, the Agreement Holder by the date (the “Due Date”) on which any payment becomes due in respect of the Notes secured by this Agreement (and in any event such period of time prior to the Due Date as shall be necessary to ensure that the Trust can fulfill its obligation to make payment in full of all amounts due and payable under the Notes on the Due Date), an amount in the currency or currencies in which the Notes are denominated as specified in the Notes equal to the sum of (i) the amount of principal and/or (as the case may be) interest and/or (as the case may be) premium falling due in respect of the Notes on such Due Date (the “Notes Component”) and (ii) the amount of any payments owed by the Trust in respect of the Trust Beneficial Interest falling due on such date (the “Beneficial Interest Component”). In the event that Principal Life fails to make payment of any such amount on or prior to the Due Date, Principal Life shall pay to or at the direction of the Agreement Holder, on demand by the Agreement Holder, (i) if the failure relates to the Notes Component, an amount in the currency specified in the Notes equal to the amount of default interest (or other amount) which becomes due and payable by the Trust in accordance with the Notes as a consequence of any delay in the Trust making the relevant payment of principal, interest or premium (as the case may be) to the holders of the of Notes and (ii) if the failure relates to the Beneficial Interest Component, such amount or default interest, if any, determined in the same manner as default interest on the Notes Component. Interest shall accrue on the Fund in the same amount and pursuant to the same terms as interest accrues on the Notes secured by this Agreement and on the Trust Beneficial Interest related to the Notes. If any amount is withdrawn from the Fund in order to make a payment under this Section 7, interest will cease to be credited with regard to such amount as of the end of the day immediately preceding the date on which such withdrawal is made. All payments made by Principal Life to the Agreement Holder hereunder shall be paid in same-day, freely transferable funds to such account as has been specified for such purpose by the Agreement Holder. Notwithstanding anything to the contrary in this Section 7, if Principal Life shall, with respect to any scheduled amount due and payable under any of the Notes, comply in all respects with the requirements of this Section 7, but an event of default has occurred with respect to the Notes and as a result payments with respect to the Notes have been accelerated, otherwise than by reason of any default under this Agreement by Principal Life, no Event of Default (as defined below) under this Funding Agreement shall be deemed to have occurred, no payments with respect to this Agreement shall be accelerated and Principal Life will remain obligated to make payments under this Agreement as if no event of default had occurred with respect to the Notes.

  • Longevity Payments (a) Longevity payments as set out in the salary schedule in Appendix A-1 (Interest Arbitration ineligible employees) and Appendix A-2 (Interest Arbitration eligible employees) will be provided to eligible employees upon completion of 10, 15, 20 and 25 years of continuous service. Continuous service shall mean time in a title or combination of titles which have existed and/or presently exist in the Security Services Unit, Agency Police Services Unit or Security Supervisors Unit. Such payment will be added to base pay effective on the payroll period which next begins following the actual completion of 10, 15, 20 and 25 years of continuous service. (b) In no event may an employee's basic annual salary exceed the longevity maximum of the salary grade as the result of the longevity payment or adjustment. (c) Employees whose basic annual salary after the application of the general increase and implementation of the new salary schedule is above the job rate will be considered to have received longevity payments in the amount by which their basic annual salary exceeds the job rate for their grade. (d) Such longevity payments will be added to and considered part of base pay for all purposes except for determining an employee's change in salary upon movement to a different salary grade and his potential for movement to the job rate of the new grade, after which determination the appropriate longevity payments will be restored. (e) The longevity amount for all employees will be adjusted to reflect the longevity payments which are appropriate to their current salary grade.

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