Employee Termination Payments definition

Employee Termination Payments means (without double counting) termination payments which are required under (i) contracts of employment or other agreements or arrangements entered into by the Generator or a Person which is an Affiliate of the Generator or a Sponsor, or

Employee Termination Payments has the meaning given in Section 1.1 [Definitions] of Schedule 27 [Compensation on Termination].

Employee Termination Payments means termination payments that are required under applicable Laws or lawful contracts of employment to be made to employees of Project Co and are reasonably and properly incurred by Project Co arising as a direct result of termination of this Agreement (provided that Project Co takes all reasonable steps to mitigate such termination payments) and provided that in calculating such amount no account will be taken of any liabilities and obligations of Project Co arising out of:

Examples of Employee Termination Payments in a sentence

• In the event the Employee's employment is terminated pursuant to paragraph 3.4 or 3.6, the Company shall be obligated to pay to Employee Termination Payments equal to, in the aggregate, all of the Employee's then current base salary payable for the number of years, and fractions of years, remaining on the Term of this Agreement as defined in Section 3.2(g) above.

• In the event the Employee's employment is terminated pursuant to paragraph 3.4 or 3.6, the Company shall be obligated to pay to Employee Termination Payments equal to the Employee's base salary, incentive compensation, commissions, bonuses, fringe benefits and other forms of compensation as of the termination date, paid for the number of years, and fractions of years, remaining on the Term of this Agreement as defined in Section 3.2(g) above.

• If there is a "Change in Control" of the Company, and if the "Change in Control" results in the termination of the Employee or the Employee decides to resign within 45 days of the "Change in Control" action, then the Company shall be obligated to pay to Employee Termination Payments equal to, in the aggregate, the Employee's then prevailing annual total compensation including base salary and fringe benefits.

• The safety functions were unaffected by changes in economic regulation, and are therefore beyond the scope of the present analysis.

• In the event the Employee's employment is terminated pursuant to paragraph 3.4 or 3.6, the Company shall be obligated to pay to Employee Termination Payments equal to, in the aggregate, the product of (i) the Employee's average annualized total compensation under this Agreement, including base salary, incentive compensation, commissions, bonuses, fringe benefits and other forms of compensation, provided the Employee has been employed for a minimum of twelve months, multiplied by 50%.

More Definitions of Employee Termination Payments

Employee Termination Payments means (without double counting) termination payments which are required under (i) contracts of employment or other agreements or arrangements entered into by the Supplier or a Person which is an Affiliate of the Supplier or a Sponsor, or (ii) applicable Laws and Regulations to be made to employees of the Supplier or a Person which is an Affiliate of the Supplier or a Sponsor as a direct result of terminating this Agreement (provided that the Supplier or such other Person shall take commercially reasonable steps to mitigate its loss) and provided that, in calculating such amount, no account shall be taken of any liabilities and obligations of the Supplier or of a Person which is an Affiliate of the Supplier or a Sponsor arising out of:

Employee Termination Payments means termination payments which are required under applicable Laws and Regulations to be made to employees of the Concessionaire reasonably and properly incurred by the Concessionaire arising as a result of termination of this Agreement (provided that the Concessionaire will take all reasonable steps to mitigate such termination payments) and provided that in calculating such amount no account will be taken of any liabilities and obligations of the Concessionaire arising out of:

Employee Termination Payments means termination payments which are required under Applicable Law to be made to employees of Project Co or any Project Co Party as a direct result of terminating this Project Agreement (provided that Project Co or the relevant Project Co Party shall take commercially reasonable steps to mitigate its loss) and provided that, in calculating such amount, no account should be taken of any liabilities and obligations of Project Co or the relevant Project Co Party arising out of:

Employee Termination Payments means Employee Termination Payments (as defined in Schedule 20 – Compensation on Termination to the Project Agreement, mutatis mutandis) arising as a direct result of terminating this Agreement.

Employee Termination Payments has the meaning given in Schedule 20 - Compensation on Termination.

Employee Termination Payments means termination payments which are required under Applicable Law to be made to employees of the Development Partner or any DPA Subcontractor as a direct result of terminating the DPA (provided that the Development Partner or the relevant DPA Subcontractor shall take commercially reasonable steps to mitigate its loss) and excluding: (a) contracts of employment or other agreements or arrangements entered into by the Development Partner or the relevant DPA Subcontractor to the extent that such contracts of employment, agreements, or arrangements were not entered into in connection with the Project; (b) contracts of employment or other agreements or arrangements entered into with Affiliated DPA Subcontractors, save to the extent that amounts would have arisen if such contracts or other agreements or arrangements had been entered into on commercial arm’s length terms; (c) Subcontractor Losses; (d) loss of overhead or profit of the Development Partner or any DPA Subcontractor and any other Indirect Losses; (e) breakage fees, penalties or similar amounts; and (f) consultant and legal fees and disbursements other than actual legal fees of employees of the Development Partner or a DPA Subcontractor.

Employee Termination Payments means termination payments which are required under Applicable Law to be made to employees of Project Co or any Project Co Party as a direct result of terminating the Agreement (provided that Project Co or the relevant Project Co Party shall take commercially reasonable steps to mitigate its loss) and provided that, in calculating such amount, no account should be taken of any liabilities and obligations of Project Co or the relevant Project Co Party arising out of: (i) contracts of employment or other agreements or arrangements entered into by Project Co or the relevant Project Co Party to the extent that such contracts of employment, agreements or arrangements were not entered into in connection with the Project; or (ii) contracts of employment or other agreements or arrangements entered into by Project Co or the relevant Project Co Party other than in the ordinary course of business and on commercial arm’s length terms, save to the extent that amounts would have arisen if such contracts or other agreements or arrangements had been entered into in the ordinary course of business and on commercial arm’s length terms.