Executive Payments definition

Executive Payments means certain payments to be made by World Minerals, after the Closing, to the current Chief Executive Officer of World Minerals pursuant to the Letter Agreement.
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Executive Payments means the payments due under the agreement dated December 11, 2002 [Xxxxxxx Xxxxxxxxx] listed in Schedule 3.7.
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Executive Payments means all payments, liabilities or obligations (including any past, current, future or contingent liabilities or obligations), amounts, penalties, costs and expenses whatsoever (whether arising before, on or after the Effective Date) of Teachers, any member of Teachers Group, the Transferee or any member of the Transferee Group arising out of or in relation to the employment of or termination of employment of any of the Executives (including for the avoidance of doubt the enforcement of any of the provisions of any termination of employment agreement), PROVIDED THAT this shall not include any payments, liabilities or obligations, amounts, penalties, costs or expenses which arise as a result of a claim by David Furniss arising as a result of any unlawful act or omission of the Transferee or a member of the Transferee Group in respect of him in the period from the Effective Date to the effective date of termination of his employment which is not a claim in connection with the termination of his employment or the Transfer;
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Examples of Executive Payments in a sentence

  • If no election is made by Executive within such 20 day period, then Employer may elect which and how much of the Payments shall be eliminated or reduced (as long as after the election the aggregate present value of Executive Payments equals the Reduced Amount) and shall notify Executive promptly of the election.

  • Notwithstanding the foregoing, it is understood that during the term hereof only, any Executive Payments derived from the Music Societies shall be assigned, and turned over to, the Company.

  • In all events, Executive shall be paid all payments and benefits due him during the Employment Period, and FGI shall pay the Executive in a lump sum or provide to the Executive, as applicable, the Executive Payments on the condition that Executive executes a general release of claims on terms customarily and normally used by FGI at the time.

  • Such payment shall reduce any lump sum Executive Payments payable to the Executive under Sections 8 or 9.

  • In light of the foregoing acknowledgment, the parties acknowledge and agree that no later than 30 days following the Effective Time, the Surviving Corporation shall pay to each Executive his or her applicable Executives Payment in accordance with the terms of the employment agreement or change-in-control severance plan applicable to such Executive; provided that for the avoidance of doubt, any Executive Payments Excess shall reduce the Aggregate Cash Consideration as provided aforesaid.

  • The amount of the monthly Executive Payments will start at an amount 2.5% more than the amount of the last of the Consulting Agreement payments, and will be increased by another 2.5% annually thereafter, for so long as the Executive is entitled to receive an Executive Benefit.

  • If no election is made by Executive within the 20 day period, then Employer may elect which and how much of the Payments shall be eliminated or reduced (as long as after the election the aggregate present value of Executive Payments equals the Reduced Amount) and shall notify Executive promptly of the election.

  • In contrast to the broader, comprehensive external review, the PRC response focuses on evidence-based decision making in the Self-Study and on the appropriateness of the program’s goals and outcomes, with recommended action steps.

  • Then, the research should focus on the certain social circumstances that make hackers prefer work to leisure.

  • The fees of Xxxxxx Xxxxxxxx for tax services to the Executive will be paid by the Company to the extent that those fees, together with any other payments made to the Executive under the discretionary Executive Payments Scheme by the Company for 1996, do not exceed US $10,000 (excluding VAT).


More Definitions of Executive Payments

Executive Payments means $3,650,000.
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Executive Payments has the meaning set forth in Section 6.24.
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Related to Executive Payments

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Severance Payment shall have the same meaning as the term "parachute payment" defined in Section 280G(b)(2) of the Code.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • 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.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Bonus Payments means that portion of the bonus payments received by the

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Compensation Accrued at Termination means the following:

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Final compensation of a member means:

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Public Benefits means the provision of benefits to the community by the Developer in the form and at the times specified in Schedule 3.

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Severance Amount means (A) for any Termination other than during a Covered Period, an amount equal to one hundred percent (100%) of Executive’s then-current Annual Base Salary as of the respective Termination; or (B) for a Termination during a Covered Period, an amount equal to two hundred percent (200%) of Executive’s Base Compensation as of the respective Termination.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Creditable compensation means the full compensation payable annually to an employee working

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Annual Salary means the salary given under this Part.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Change in Control Benefits means the following benefits: