Common use of Regular Pay Clause in Contracts

Regular Pay. Regular pay means the payment of regular Compensation for services during the Participant's regular working hours, or Compensation for services outside the Participant's regular working hours (such as overtime or shift differential), commissions, bonuses, or other similar payments, but only if the payment would have been paid to the Participant prior to a Severance from Employment if the Participant had continued in employment with the Employer.

Appears in 2 contracts

Samples: Adoption Agreement for Eligible Governmental 457 Plan, Adoption Agreement for Eligible Governmental 457 Plan

AutoNDA by SimpleDocs

Regular Pay. Regular pay means the payment of regular Compensation for services during the Participant's ’s regular working hours, or Compensation for services outside the Participant's regular working hours (such as overtime or shift differential), commissions, bonuses, or other similar payments, but only if the payment would have been paid to the Participant prior to a Severance severance from Employment employment if the Participant had continued in employment with the Employer.

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc)

Regular Pay. Regular pay means the payment of regular Compensation for services during the Participant's regular working hours, or Compensation for services outside the Participant's regular working hours (such as overtime or shift differential), commissions, bonuses, or other similar payments, but only if the payment would have been paid to the Participant prior to a Severance severance from Employment employment if the Participant had continued in employment with the Employer.

Appears in 1 contract

Samples: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp)

AutoNDA by SimpleDocs

Regular Pay. Regular pay means the payment of regular Compensation for services during the Participant's ’s regular working hours, or Compensation for services outside the Participant's ’s regular working hours (such as overtime or shift differential), commissions, bonuses, or other similar payments, but only if the payment would have been paid to the Participant prior to a Severance severance from Employment employment if the Participant had continued in employment with the Employer.

Appears in 1 contract

Samples: 403(b) Volume Submitter Plan Adoption Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!