Transition Payment. If Executive becomes disabled, as defined in Subsection 6(a) above, Executive’s employment will terminate and the Company will pay Executive, as transition pay and in lieu of the Severance Benefit, a lump sum payment equal to four (4) months of Executive’s Base Salary as of the Termination Date (the “Transition Payment”). The Transition Payment is subject to the limitations in Subsections 7(c)(3)(A), 7(c)(3)(D), and 7(c)(3)(E) above.
Transition Payment. The social plan is an equivalent provision as referred to in law (Section 673b of Book 7 of the Dutch Civil Code). Therefore, redundant employees to whom the social plan applies and whose employment is terminated otherwise than by mutual consent are not entitled to the statutory transition payment.
Transition Payment. U.S. Transferred Employees who are at least * and have at least * of credited service under the GRP, both as of the Employment Date, or who have at least * of credited service under the GRP as of the Employment Date, shall be eligible to receive * payable on * provided that such U.S. Transferred Employee
(i) continues to be employed by Vastera as of July 31, 2004 unless such Transferred Employee was involuntarily separated by Vastera other than a discharge; and
(ii) has not commenced a retirement benefit under the GRP. Vastera and Ford shall work cooperatively and use reasonable efforts to determine whether the * to eligible U.S. Transferred Employees, consistent with applicable law. In the event a method is agreed by the Parties, Vastera shall take the steps required to implement any such method prior to the date *. Ford shall reimburse Vastera * within thirty days after receiving an invoice from Vastera.
Transition Payment. If Resident’s Level of Training is PGY-1, Resident shall be eligible for a one-time transition payment to assist new PGY-1 resident physicians with the transition into their graduate medical education. The amount of this transition payment is a one-time payment of Five Thousand and 00/100 Dollars ($5,000.00), less applicable deductions and withholdings.
Transition Payment. In consideration of your efforts in preparing for a transition into the role of Interim Chief Executive Officer, you shall also receive the equivalent of one month’s Base Salary on the first regular payroll date after the Start Date.
Transition Payment. If, for any reason, execution of this Agreement follows the Effective Date, the Port shall invoice the Airline and the Airline shall pay within thirty (30) calendar days following receipt of said invoice, a one (1) time billing adjustment for the period between the Effective Date and the execution date of this Agreement. Such invoice shall be based upon the activity of the Airline during said period, the space actually occupied by the Airline, and the rentals, fees, and charges established in this Agreement.
Transition Payment. ▪ Did the employer invest in improving the employee's labour market position during the term of the employment contract, such as by paying for retraining to another job? In that case, the employer can deduct the investment from the transition payment. It may only do so if the conditions of the Transition Payment Cost Deduction (Conditions) Decree are met. ▪ The employer may not deduct the amount it has paid for the employee's individual budget from the transition payment.
Transition Payment. In addition, Onvia shall pay Executive a total sum of One Hundred Thirty Five Thousand Dollars ($135,000.00) as a transition payment (“Transition Payment”). The Transition Payment will be subject to all required or agreed upon deductions and withholdings and will be paid in a lump sum on December 31, 2010. Executive and Onvia agree that the Transition Payment represents sufficient consideration for the potential claims being released pursuant to Section 6 as well as the covenants in Section 7.
Transition Payment. Forthwith upon the Trigger Date, the MSV Parties shall be obligated to pay Inmarsat the aggregate sum of $250,000,000 (the “Phase 1 Compensation”) as an agreed payment to compensate Inmarsat for the direct and indirect costs expected to be borne by Inmarsat in implementing Phase 1 Transition in accordance with the provisions of this Agreement. The Phase 1 Compensation will be paid to Inmarsat in same day, freely transferable United States dollar funds to a bank account specified to the MSV Parties by Inmarsat not less than fourteen days prior to the first installment date, in quarterly installments, the first installment to be in the amount of $50,000,000 (the “First Installment”) payable on the Trigger Date as a condition precedent to the giving of the Phase 1 Notice and each subsequent installment to be in the amount of:
(A) in the case of a Phase 1 Election, $25,000,000 every three months thereafter, until the final quarterly installment is paid to Inmarsat twenty-four months from the Trigger Date, provided always that in the event that that the MSV Parties shall serve an Acceleration Notice on Inmarsat in accordance with Section 3.2(b)(ii), the aggregate installments payable shall be $200,000,000 (reflecting the Acceleration Payment under Section 4.3(a) above), the First Installment shall remain $50,000,000, but the eight subsequent installments shall be $18,750,000 each instead of $25,000,000; and
(B) in the case of a Phase 1A Election, $40,000,000 every three months thereafter until the final installment is paid to Inmarsat fifteen months from the Trigger Date provided that in the event that Inmarsat shall certify in writing to the MSV Parties that it has completed Phase 1 Transition prior to the planned 18-month period (but not earlier than 12 months) following the Trigger Date, the MSV Parties shall forthwith pay the remaining installments to Inmarsat, and Inmarsat shall use all reasonable efforts to inform the MSV Parties of the likelihood of such early completion at least three months ahead of such completion.
Transition Payment. Following your commencement of employment with the Company on September 16, 2019 (your “Start Date”), the Company made a one-time additional payment to you of $65,000 (the “Transition Payment”), less required deductions for federal and state taxes and other required withholdings. If, prior to the second anniversary of your Start Date, you voluntarily terminate your employment and such voluntary termination does not qualify as a Resignation for Good Reason (as defined below) or your employment is terminated by the Company for Cause (as defined below), you shall repay the Transition Payment in full within sixty (60) days following the date your employment terminates.
