Restoration; Compensation Sample Clauses

Restoration; Compensation. (a) In the event that a Political Event or Change in Law results in material damage to the Facility that requires a material modification or a material capital addition or material repair to the Facility necessary to return the Facility to its performance capability or its physical state immediately preceding the occurrence of the Political Event or that compliance by the Company with a Change in Law requires a material modification or a material capital addition to the Facility (in each case, a “Restoration”), the Company shall, within twenty- eight (28) Days after the date by which it was first required to provide notice to the GOB under Section 11A.2(a), except if the Political Event or Change in Law, has not ended by the time of such notice, in which case within twenty-eight (28) Days of the notice required by 11A.2(b)(i), develop and deliver to the GOB a preliminary written estimate (the “Preliminary Estimate”) of:
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Restoration; Compensation. (a) In the event that a Political Force Majeure Event results in material damage to the Facility that requires a material modification or a material capital addition or material repair to the Facility necessary to return the Facility to its performance capability or its physical state immediately preceding the occurrence of the Political Force Majeure Event or that compliance by the Company with a Change in Law requires a material modification or a material capital addition to the Facility (in each case, a “Restoration”), the Company shall, within twenty-eight (28) Days after the date by which it was first required to provide notice to the GOB under Section 11.2(a), except if the Political Force Majeure Event or Change in Law, as the case may be, has not ended by the time of such notice, in which case within twenty-eight (28) Days of the notice required by 11.2(b)(i), develop and deliver to the GOB a preliminary written estimate (the “Preliminary Estimate”) of:
Restoration; Compensation. In recognition of the Executive’s loss of certain incentive compensation awards that he incurred by accepting employment with the Company, the Company will pay the following compensation awards (the “Restoration Compensation”) to the Executive:

Related to Restoration; Compensation

  • 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.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.

  • Compensation Benefits Expenses (a) Compensation In consideration of the services to be rendered hereunder, including, without limitation, services to any Affiliated Company, Consultant shall be paid a fee of 1,000,000 shares, pursuant to the procedures regularly established, and as they may be amended, by the Company during the course of this Agreement.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

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