Discretionary Payments definition

Discretionary Payments means any compensation payment or award that is designated by the Committee to be eligible for Deferral under the Plan.
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Discretionary Payments means any payments or distributions, other than dividends, that are within the discretion of the financial service provider to make and, if not paid by the financial service provider, are not an event of default, including staff bonuses;
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Discretionary Payments means those payments and charges required by the Act to be assessed and collected by the Secretary as may be required by Congress through the annual appropriations process.2
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Examples of Discretionary Payments in a sentence

  • Where a member of staff applies for voluntary redundancy, early retirement, termination on the grounds of efficiency or is made compulsorily redundant the pension and redundancy entitlements are determined by the Chief Executive in consultation with the Discretionary Payments Panel which is made up of the Chief Executive, the Section 151 Officer and another Chief Officer.

  • The policy is agreed by Full Council and is compliant with the Local Government (Discretionary Payments) Regulations 1996 and Employment Rights Act 1996.

  • Any such shares and any shares subject to rights to acquire Deferred Stock shall be valued at Fair Market Value on the date of exercise of the Stock Appreciation Right or the date the Stock Option is cancelled in the case of Discretionary Payments.

  • Retirement benefits which the employer has no legal, contractual or constructive obligation to award and are awarded under the Authority’s discretionary powers such as the Local Government (Discretionary Payments) Regulations 1996.

  • Where the Council terminates a Chief Officer’s employment by reason of redundancy, then they are entitled to a redundancy payment, in accordance with the Council’s Discretionary Payments and Severance Policy.

  • Where appropriate the panel may comprise the nominated deputy for the Chief Executive or the Section 151 Officer.Appeals against the decisions of the Discretionary Payments Panel will normally be determined by an appeal panel comprising either the Chief Executive, their nominated deputy, the Section 151 Officer, their nominated deputy or another Chief Officer provided that they have not been involved in the initial determination.

  • The Orkney Islands Council Pension Fund pays discretionary pensions to former employees of Orkney Islands Council who were awarded compensatory added years in accordance with the Orkney Islands Council’s Early Retirement and Severance Scheme, but subject to limitations set out in the Local Government (Discretionary Payments and Injury Benefits) (Scotland) Regulation 1998.

  • Where appropriate the panel may comprise the nominated deputy for the Chief Executive or the Section 151 Officer.Appeals against a decision of the Discretionary Payments Panel will normally be determined by an appeal panel comprising either the Chief Executive, their nominated deputy, the Section 151 Officer, their nominated deputy or another Chief Officer provided that they have not been involved in the initial determination.

  • Discretionary Payments The Council exercises its discretion in line with the relevant Pension regulations and guidance.

  • Prefix G● The Local Government (Early Termination of Employment) Prefix F (Discretionary Compensation) (England and Wales) Regulations 2000 (as amended).● The Local Government (Discretionary Payments) (Injury Allowances) Regulations 2011.


More Definitions of Discretionary Payments

Discretionary Payments for any period, the aggregate amount of all bonuses and other discretionary payments, including profit sharing, incentive compensation or similar arrangements, reimbursement of expenses and the like, accrued or payable by the Parent Company and its subsidiaries, determined on an Adjusted Consolidated Basis, to officers and management employees in respect of such period (whether or not the actual payment thereof is made during such period or during a subsequent period).
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Related to Discretionary Payments

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Matching Contribution means an employer contribution made to this or any other defined contribution plan on behalf of a participant on account of an Employee Contribution made by such participant, or on account of a participant's Elective Deferral, under a plan maintained by the employer.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Employer Contributions means the amount transferred by an employer to a funding account or a health reimbursement account.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.