Benefit Statement definition

Benefit Statement means a written statement showing in a clear and understandable presentation all payments and benefits and the amounts and methods of calculation thereof owed by Bank to Executive upon Executive’s termination of employment with Bank as prepared by or under the direction of Bank.
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Examples of Benefit Statement in a sentence

  • If following the agreement or determination of an Economic Benefit Statement in respect of any Quarterly Accounting Period the Economic Benefit Amount is a negative amount, Alcon shall pay an amount equal to the Economic Benefit Amount as set out in the relevant Economic Benefit Statement (treating it as a positive amount for these purposes) to Novartis within ten (10) Business Days of the date of the agreement or determination of the relevant Economic Benefit Statement.

  • Any Dispute Notice shall specify (i) which items of the Draft Economic Benefit Statement are disputed; (ii) the reasons therefor, making specific reference (where relevant and reasonably possible) to the parts of this Schedule 3 which the Novartis Audit Team asserts have not been complied with in preparing the relevant statement; and (iii) to the extent practicable, any adjustments that the Novartis Audit Team considers should be made to the Draft Economic Benefit Statement.

  • A copy of any such revised Benefit Statement shall be provided to the Participant.

  • If the Novartis Audit Team does not serve a Dispute Notice under and within the time period set out in paragraph 1.8 (Dispute Notices), the Draft Economic Benefit Statement shall constitute the Economic Benefit Statement in respect of the Brazilian Alcon Business for the relevant Quarterly Accounting Period to which that Economic Benefit Statement relates.

  • Where any Delayed Business comprises both a Commercialisation business and a Manufacturing business, the Economic Benefit Statement shall be prepared such that there shall be no double counting of the components of the aggregate Economic Benefit Amount in respect of that Delayed Business.

  • If following the agreement or determination of an Economic Benefit Statement in respect of any Quarterly Accounting Period the Economic Benefit Amount is a positive amount, Novartis shall pay an amount equal to the Economic Benefit Amount as set out in the relevant Economic Benefit Statement to Alcon within ten (10) Business Days of the date of the agreement or determination of the relevant Economic Benefit Statement.

  • Xxxxxxxx Director, Member of the Procyon Corporation Compensation Committee FY 2018 PROCYON CORPORATION RESTATED AND AMENDED EXECUTIVE EMPLOYMENT AGREEMENT Schedule 1 Salary and Benefit Statement Executive: Xxxxxx X.

  • Alcon shall, and shall procure that its Affiliates and the Brazilian Alcon Employees shall, provide Novartis’ Audit Team, without charge, such access to their personnel, books and records, calculations and working papers as such Audit Team may reasonably request in connection with its review of the Draft Economic Benefit Statement.

  • The calculation of the Economic Benefit Amount set out in an Economic Benefit Statement shall only be converted into US Dollars in accordance with this paragraph 1.4 (Currency Conversion) after the Economic Benefit Statement has been agreed or determined in accordance with this Part E (Economic Benefit Transfer).

  • Novartis’ Audit Team may dispute a Draft Economic Benefit Statement by notice in writing (in this Schedule 3 (Brazil), a Dispute Notice) delivered to Alcon within three (3) weeks following receipt of the Draft Economic Benefit Statement.

Related to Benefit Statement

  • Benefit Schedule means a schedule of benefits attached to these Terms and Benefits which sets out, among others, the benefit items and maximum benefits covered.

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • Payment Statement As defined in Section 6.01 hereof.

  • Final Adjustment Statement has the meaning set forth in Section 2.6(c).

  • E-Statement means an electronic version of daily confirms, monthly, quarterly or annual statements, and shareholder tax statements created with investor transaction data housed on DST’s TA2000® mutual fund record keeping system, with images available online via a secure web site.

  • Adjustment Statement has the meaning set forth in Section 2.6(a).

  • Settlement Statement has the meaning set forth in Section 3.2(a).

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

  • Accounting Statement means for each financial year, the following statements, namely-

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Objections Statement has the meaning set forth in Section 1.02(d).

  • Annual Statement means, with respect to any Insurance Subsidiary for any fiscal year, the annual financial statements of such Insurance Subsidiary as required to be filed with the Insurance Regulatory Authority of its jurisdiction of domicile and in accordance with the laws of such jurisdiction, together with all exhibits, schedules, certificates and actuarial opinions required to be filed or delivered therewith.

  • Distribution Date Statement As defined in Section 4.02(a).

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Payment Date Statement means a report prepared by the Administrator setting forth certain information relating to the Reference Pool, the Notes, the Reference Tranches and the hypothetical structure described in the Offering Memorandum, which will be in such form as is required under the Offering Memorandum and otherwise as agreed upon between the Administrator and the Indenture Trustee.

  • Monthly Statement The statement delivered to the Certificateholders pursuant to Section 4.06.

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Tax Statement means a statement in reasonable detail setting forth a comparison of the Taxes for a Tax Year with the Base Taxes.

  • Account Statement means a periodic statement of the transactions credited or debited to an Account;

  • Closing Date Statement has the meaning set forth in Section 2.06(b).

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).

  • Operating Statement shall have the meaning set forth in Section 27.1 hereof.

  • Tax Package has the meaning assigned in Section 6.01(b);