Compensatory Payment definition

Compensatory Payment means any payment hereunder made to an Award Holder in respect of any Ownership Percentage attributable to a Stock Award.

Compensatory Payment means a payment of the kind mentioned in subsection (2),

Compensatory Payment has the meaning set forth in Section 10.5.

Examples of Compensatory Payment in a sentence

• Compensatory Payment) In the event the President of the United States has declared a state of emergency or the Governor has declared a state of emergency in a county in the State, Fair Labor Standards Act exempt employees of the department may be paid for actual hours worked in lieu of accruing compensatory time, at the discretion of the agency Director, and providing funds are available.

• Notwithstanding any other provision of this Agreement, no Compensatory Payments shall, except as provided in Section 3.03(b) and Section 3.03(c), be made under this Agreement other than on the Compensatory Payment Settlement Date.

• No Existing Stockholder shall have a right to receive any Compensatory Payments (other than the payment contemplated by the preceding sentence) with respect to any ITR Payments made subsequent to the Compensatory Payment Settlement Date.

• Landlord shall have a period of three (3) months after the Compensatory Payment Date to attempt to sell the affected Facility to an independent third party in an arms-length transaction and the gross purchase price payable to Landlord in connection with such transaction shall be deemed to be the Fair Market Value of the Post-Casualty Facility (a “Casualty Sale”).

• Notwithstanding any provision of Section 3.03(a), in the event of a Change of Control that constitutes a “change in control event” (within the meaning of Section 409A of the Code) prior to the Compensatory Payment Settlement Date, the Compensatory Payment Settlement Date shall be deemed to be the date of such Change of Control.

More Definitions of Compensatory Payment

Compensatory Payment means a compensatory payment under Article 2(2) of Council Regulation 1765/92;

Compensatory Payment. Hours worked in excess of the below specified hours but less than forty (40) shall not be compensated, provided that for such time so worked, compensatory overtime shall be accrued at the rate equal to the time so worked and compensatory time off shall be granted by the Employer within the fiscal year earned at a time convenient to the employee consistent with the operating needs of the Employer, and if not so granted or taken, it shall be liquidated in cash before the end of the fiscal year in which earned. Correctional Officers.................38 3/4 hours Employees in other position classifications except Youth Counselors, Youth Supervisors and Dietary employees in Juvenile Facilities.........37 1/2 hours d) "Work Day and Work Week" (i) Correctional Officers - 38 3/4 hours consisting of five (5) consecutive days of 8 1/4 consecutive hours, including an unpaid lunch period of thirty (30) minutes per day and a roll-call period of fifteen

Compensatory Payment means the additional amounts payable to the Service Provider by BBMP and calculated in the manner set out in Clause 7.6.

Compensatory Payment has the meaning given to it in Clause 13.1;

Compensatory Payment means a payment made to a Claimant pursuant to the categories specified in paragraphs 30(a)(i)-(iii) of this Settlement Agreement.

Compensatory Payment. As defined in Section 14.2(a).

Compensatory Payment. Hours worked in excess of the below specified hours but less than forty (40) shall not be compensated, provided that for such time so worked, compensatory overtime shall be accrued at the rate equal to the time so worked and compensatory time off shall be granted by the Employer within the fiscal year earned at a time convenient to the employee consistent with the operating needs of the Employer, and if not so granted or taken, it shall be liquidated in cash before the end of the fiscal year in which earned. Correctional Officers.................38 3/4 hours Employees in other position classifications except Youth Counselors, Youth Supervisors and Dietary employees in Juvenile Facilities.........37 1/2 hours d) "Work Day and Work Week" (i) Correctional Officers - 38 3/4 hours consisting of five (5) consecutive days of 8 1/4 consecutive hours, including an unpaid lunch period of thirty (30) minutes per day and a roll-call period of fifteen (15) minutes per day which shall be paid for in accordance with Section 20 of this Article. (ii) Employees in other position classifications except Youth Counselors, Youth Supervisors and Dietary employees in Juvenile facilities consisting of five (5) consecutive days of eight (8) consecutive hours, including a thirty (30) minute unpaid lunch period per day. (iii) Youth Supervisors, Youth Counselors and Dietary employees position classifications in juvenile facilities - forty (40) hours, consisting of five (5) consecutive days of eight (8) hours, including a thirty (30) minute paid lunch period per day.