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Agreed Compensation definition

Agreed Compensation means additional sums as defined in Part II which are payable under the Agreement.
Agreed Compensation shall equal the sum of (A) the Executive's highest Annual Base Salary under the Agreement, and (B) the average of the Executive's annual bonuses with respect to the three (3) calendar years immediately preceding the Executive's termination.
Agreed Compensation shall equal the Executive's highest Annual Base Salary under the Agreement.

Examples of Agreed Compensation in a sentence

  • In the event that Executive’s employment is involuntarily terminated by the Bank without Cause and no Change in Control shall have occurred at the date of such termination, the Bank shall pay Executive an amount equal to and no greater than 2.99 times Executive’s Agreed Compensation as defined in subsection (g) of Section 4, and shall be payable in thirty-six (36) equal monthly installments and shall be subject to federal, state and local tax withholdings.

  • The Operator shall pay to the Owner Pre-determined Mutually Agreed Compensation for lower Machine Availability, drawl of Reactive Power in excess of 5% and Transmission Losses exceeding 5% in the following manner.

  • If any money due to either party remains unpaid after the date on which the money should have been paid, then the party responsible for the payment must, following a written request by the other party for payment of interest, pay to the other party Agreed Compensation on the unpaid amount from, but not including the date on which the money was due.

  • In the event that Executive’s employment is involuntarily terminated by the Bank without Cause and no Change in Control shall have occurred at the date of such termination, the Bank shall pay Executive an amount equal to and no greater than 2.0 times Executive’s Agreed Compensation as defined in subsection (g) of Section 4 and shall be payable in twenty-four (24) equal monthly installments and shall be subject to federal, state and local tax withholdings.

  • CONTRACTOR's liabilities for the Performance Guarantees given for the PLANTS and Facilities in respect of capacity, consumption, product quality and pollution level shall be discharged only when the PERFORMANCE TESTS as stipulated in Part-II, Technical of NIT have been successfully carried out as per acceptance criteria specified below or alternatively, Agreed Compensation as stipulated in clause 31 of GCC have been paid by the CONTRACTOR and OWNER has issued PRELIMINARY ACCEPTANCE CERTIFICATE.


More Definitions of Agreed Compensation

Agreed Compensation means additional sums as defined in Annexure1 [Remuneration and Payment Schedule] which are payable under the Agreement.
Agreed Compensation means additional sums as defined in Appendix 3 [Remuneration and Payment] which are payable under the Agreement.
Agreed Compensation means additional sums as defined in Appendix 3 (Remuneration and Payment) which are payable under the Agreement.
Agreed Compensation means the agreed compensation defined in the Particular Conditions for amounts which are undisputed, due and remain unpaid pursuant to Sub-Clause 5.3 [Invoicing and Time for Payment].
Agreed Compensation means: the sum of (A) the Employee’s annual base salary immediately preceding Employee’s termination and (B) the average of Employee’s annual cash and stock bonuses received within the two (2) calendar years immediately preceding Employee’s termination. ​
Agreed Compensation means interest at an annual rate of 9% for any amount unpaid by the Client calculated from the date such amount was due to have been paid until is paid.
Agreed Compensation means additional sums payable to the Independent Engineer in accordance with Clause 30.2;