Replacement Compensation Sample Clauses

Replacement Compensation. If Broker replaces an existing MetLife Product in whole or in part, Schedule 3.1 is inapplicable and MetLife, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLife’s procedures in effect at the time of the replacement. With respect to replacements of existing long‐term care insurance policies, MetLife, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with MetLife’s procedures in effect at the time of such replacement.
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Replacement Compensation. A unit member who is assigned and assumes the duties of another unit member who is absent for reasons other than a vacation and who has not been replaced by a substitute shall receive $24 per day for each day worked, provided that the unit member assumes such additional duties for five (5) consecutive days. Payment shall be retroactive to the first day of the assumption of the additional work.
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Replacement Compensation a. A grant of restricted share units (RSUs) of an amount equal to the US$ amount of your forfeited equity value with your current employer determined on your start date of January 14, 2020 which on the date hereof is approximately US$7 million. The RSUs will vest on the same dates as the RSUs you currently hold with your current employer. LEGAL_32367038.5 b. A lump sum payment in an amount equal to the US$ amount of your forfeited annual bonus that you would have received from your current employer.
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Replacement Compensation. In recognition of your forfeited bonus with your prior employer and as an inducement for you to accept this offer, we will provide an additional cash award of $400,000. This additional cash bonus will be paid to you with the regular performance bonuses in 2025 (and in any event no later than March 15, 2025), subject to your continued employment through the payment date. d.
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Replacement Compensation. If Broker replaces an existing Brighthouse Product in whole or in part, Schedule 3.1 is inapplicable and Brighthouse, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with Brighthouse’s procedures in effect at the time of the replacement. With respect to replacements of existing long‐term care insurance policies, Brighthouse, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with Brighthouse’s procedures in effect at the time of such replacement.
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Replacement Compensation. If Broker replaces an existing Phoenix Product in whole or in part, Schedule 3.1 is inapplicable and Phoenix, in its sole discretion, shall determine what, if any, commissions shall be payable in accordance with Phoenix’s procedures in effect at the time of such replacement.
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Replacement Compensation. (i) To the extent that (A) the prior employer of the Executive (the "Prior Employer") fails to pay to the Executive any portion of Executive's compensation earned by him as of December 31, 2003 in respect of (1) his annual bonus for 2003 or (2) long-term incentive awards earned by him in respect of cycles ending December 31, 2003, or (B) the Executive forfeits any "option gains" in respect of stock options of the Prior Employer which were vested as of December 31, 2003, the Corporation agrees to pay to the Executive, in cash and/or in unrestricted shares of Corporation Stock, an aggregate amount necessary to replace such forfeited or unpaid compensation. Subject to the provisions of the succeeding sentence, the amount payable by the Corporation pursuant to the preceding sentence shall be paid to the Executive promptly after the Executive has provided the Corporation with reasonable evidence satisfactory to the Compensation Committee to the effect that such compensation was forfeited or otherwise not paid by the Prior Employer, including the amount thereof. If the Executive receives payment from the Prior Employer in respect of any of the foregoing after the date the Corporation has made a payment to him hereunder, then the Executive shall notify the Corporation and promptly remit to the Corporation all amounts so received from the Prior Employer. (ii) The Compensation Committee shall make the following grants to the Executive to replace the value of other compensation being forfeited by the Executive by reason of terminating his employment with the Prior Employer: (1) As of the Commencement Date, the Executive shall be awarded 38,558 restricted stock units (the "Additional RSUs") pursuant to the Stock Incentive Plan and subject to the individual limits for grants of this nature set forth in the Stock Incentive Plan. The terms and conditions applicable to the award of Additional RSUs are as set forth in Exhibit D attached hereto. (2) As of the Commencement Date, but subject to the approval by the stockholders of the Corporation at the 2004 Annual Meeting of an amendment to the Stock Incentive Plan raising the overall annual limitation on the number of shares of Corporation Stock underlying awards which can be granted to any individual thereunder (the "Plan Amendment"), the Executive shall be granted an additional 102,552 RSUs (the "Contingent RSUs"). The Contingent RSUs shall be subject to the same terms and conditions as those set forth in Section 3(f)(ii)...
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Replacement Compensation 
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Related to Replacement Compensation

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

  • Contingent Compensation Xxxxxx Xxxxxx Xxxxxx may accept certain forms of contingent compensation in locations where they are legally permissible, and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx Xxxxxx accepts contingent payments or not. If a Xxxxxx Xxxxxx Xxxxxx client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s business from their contingent payment calculations. The Foreign Account Tax Compliance Act (FATCA) is a U.S. law aimed at foreign financial institutions and other financial intermediaries (including insurance companies and intermediaries such as brokers) to prevent tax evasion by U.S. citizens and residents through offshore accounts. In order to comply with FATCA, insurance companies and intermediaries must meet certain legal requirements. Insurance placed with an insurance company that is not FATCA compliant may result in a 30% withholding tax on your premium. Where FATCA is applicable to you, in order to avoid this withholding tax, Xxxxxx Xxxxxx Xxxxxx will only place your insurance with FATCA- compliant insurers and intermediaries for which no withholding is required unless you instruct us to do otherwise and provide your advance written authorization to do so. If you do instruct Xxxxxx Xxxxxx Xxxxxx to place your insurance with a non-FATCA compliant insurer or intermediary, you may have to pay an additional amount equivalent to 30% of the premium covering U.S. - sourced risks to cover the withholding tax. If you instruct us to place your insurance with a non-FATCA compliant insurer but you do not agree to pay the additional 30% withholding if required, we will not place your insurance with such insurer. Please consult your tax adviser for full details of FATCA.

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • No Additional Compensation Notwithstanding any other provision of this Agreement, the obligation of Agency to return Referred Accounts, provide current status reports of all such accounts or information reasonably required by Client shall be without right to any additional Contingent Fee, administrative fees or other compensation of any kind or type whatsoever after such termination date, including, without limitation, in quantum meruit, for any Services rendered prior to termination (except on recoveries received and remitted to Client pursuant to this Agreement prior to termination) whether or not said Services result in or contribute to recoveries received after termination.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • Unemployment Compensation The Contractor shall be solely responsible for the unemployment compensation payments on behalf of their employees and personnel. The Contractor shall not be entitled to unemployment compensation in connection with the Services performed under this Agreement.

  • 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.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Adviser’s Compensation Each Fund shall pay to the Adviser, as compensation for the Adviser’s services hereunder, a fee, determined as described in Schedule A that is attached hereto and made a part hereof. Such fee shall be computed daily and paid not less than monthly in arrears by each Fund. The method for determining net assets of a Fund for purposes hereof shall be the same as the method for determining net assets for purposes of establishing the offering and redemption prices of Fund shares as described in the Fund’s Registration Statement. In the event of termination of this Agreement, the fee provided in this Section shall be computed on the basis of the period ending on the last business day on which this Agreement is in effect subject to a pro rata adjustment based on the number of days elapsed in the current month as a percentage of the total number of days in such month.

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