Employee Payments definition

Employee Payments means any liability that has been reasonably incurred by Project Co arising as a result of termination of this Agreement under collective agreements, employment agreements or under any other agreements with employees of Project Co, including severance (whether accrued or not), vacation pay and sick pay accrued but excluding any Distribution;

Employee Payments means any change of control bonuses, transaction bonus, retention bonus, phantom equity, profit participation or similar rights, in any case, made or required to be made, to any current or former employee, independent contractor, director, manager or officer of an Acquired Company solely as a result of the Transactions, in all cases, including the employer portion of any payroll and other employment Taxes payable in connection therewith.

Employee Payments means the payments set out in Schedule 8;

Examples of Employee Payments in a sentence

• The Specified Employee Payments to which Executive would otherwise have been entitled during the six-month period following the date of Executive’s termination of employment shall be accumulated and paid as soon as administratively practicable following the first date of the seventh month following the date of Executive’s termination of employment.

• Salary and Other Employee Payments, Maintenance and Working Expenses, Plant and Equipment, Grants and Subsidies, and Other Services.

• Such Net Present Value shall initially be calculated (the "Employee Payments Calculation") by Western prior to, but as of, the Effective Time assuming (i) there will be no Gross-Up Payments (unless prior to the Effective Date Western, Westar and PNM mutually agree otherwise), and (ii) Western will receive a full tax benefit based on Western's top effective tax rates for Western's tax year in which the Effective Date occurs.

• In the Matter of Adopting the FY 21-22 Supplemental Budget #3, Making, Reducing and Transferring Appropriations and Approving Employee Payments Under the Approved ARPA Project to Maintain Essential Services & Workforce Stabilization.

• The notice and dispute provisions of Section 3.2(b)(ii) of the Merger Agreement applicable to the Adjustment Calculation (as defined therein) shall also apply to the Employee Payments Calculation.

More Definitions of Employee Payments

Employee Payments means all: (a) bonus amounts, commissions or other incentive compensation amounts that have been or should have been accrued or are earned and unpaid for, or are payable by the Group Companies to their respective directors, managers, officers, employees, agents, consultants or equity holders as of the Closing Date, and specifically the total amount of € 1,050,800 set aside from the Closing Dividend Payments by the Seller and Founders; and (b) severance obligations, retention bonuses, “stay” bonuses and sale bonuses owed by the Group Companies their respective directors, managers, officers, employees, agents and consultants triggered in whole or in part prior to or as a result of the transactions contemplated by this Agreement or the Ancillary Agreements, in each of clauses (a) and (b), including the employer portion of any payroll, social security, unemployment or similar Taxes related thereto.

Employee Payments has the meaning set out in Schedule 9 [Compensation on Termination];

Employee Payments means payments or other distributions required to be made by any Person (other than Parent or one of its current Affiliates) pursuant to any oral or written contracts or other agreements, to any directors, officers, employees or agents of the Company or any of the Subsidiaries pursuant to the terms of such contracts or agreements.

Employee Payments means all Salary, Employee Taxes, Cash Incentive Compensation, Equity Incentive Compensation, Termination Expenses, Pension and any Insured Benefits, as well as any benefits in kind, maternity pay, paternity pay, accrued holiday entitlement and holiday pay entitlement, and other emoluments.

Employee Payments means all amounts payable by any Company Party to its current or former officers, directors, managers, employees or service providers in connection with the transactions contemplated hereby pursuant to any Business Agreement, Plan or other arrangement in effect prior to Closing, including, without limitation, amounts payable in connection with the Former Executive Compensation, amounts payable in connection with the Management Payments, any stock appreciation, phantom stock or other equity-based rights, including stay or retention bonuses, sale or transaction bonuses, severance or termination pay or change in control or similar compensatory payments that arise in connection with the transactions contemplated hereby (but excluding severance and termination pay and other payments based on a termination following the Closing), and, in each case, together with the employer portion of payroll Taxes (including social security, Medicare, unemployment or other employer payroll Taxes and determined without regard to any deferrals of such Taxes under the CARES Act or any other Governmental Rule) and any 401(k) match or similar obligations or expenses that are incurred by any Company Party in connection with such obligations, in each case, to the extent not satisfied prior to the Closing. Notwithstanding the foregoing, Employee Payments shall exclude the Excluded Add-on Earnouts.

Employee Payments has the meaning set forth in Section 5.8.

Employee Payments means all amounts, including any bonus, severance or other payments (other than amounts included in the Change of Control Payments or the Equity Award Payments and other than Severance and amounts payable pursuant to Sections 6.12(a)(v) and (vi)), that shall become payable (whether currently or in the future) to employees (past and present), consultants or contractors of the Company or any of the Subsidiaries in their capacities as such or liabilities owed to such employees in their capacities as such that are to be incurred by the Company, in each case, as a result of the purchase of the Stock by Buyer as contemplated by this Agreement, including all amounts payable pursuant to the Company’s or any of the Subsidiaries’ employeeretention program, pursuant to an agreement entered into by the Company prior to the Closing (except to the extent paid in cash prior to the Closing or to the extent included in Total Current Liabilities).