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 has the meaning set forth in Section 6.24.
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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

  • Executive Payments and Benefits Upon Termination Death Disability (1) In the event of death, the named executive officer’s estate is entitled to a payment equal to the decedent’s earned but unpaid salary and pro-rata cash bonus.(2) In the event of disability, the named executive officer is entitled to a payment equal to his earned but unpaid salary and pro-rata cash bonus.

  • In this case these areas should be classified in a priority list.

  • Jolly The following table provides information concerning the Partnership’s severance arrangement with Mr. Jolly whose position was eliminated on January 26, 2007: Executive Payments and Benefits Upon Termination (1) The amount reported on this line represents the continued payment of Mr. Jolly’s base salary in effect on the date of his departure through July 26, 2008.(2) The amount reported on this line represents Mr. Jolly’s full annual cash bonus, without pro-ration, for fiscal 2007.

  • Post-employment Payments—Robert Luciano Executive Payments andBenefits upon Termination/CIC Involuntary Termination forCause InvoluntaryTermination WithoutCause CIC without TerminationCIC withTermination for Good Reason orWithout Cause Death Disability Severance $0 $ 250,000$0 $250,000 $0 $0Management Incentive Payout 0 171,000(1) (1) Pursuant to the Luciano Agreement, Mr. Luciano is entitled to a pro-rata payout under the MIP based on actual performance.

  • Decided: that the sum of £1,500 from the Chief Executive Payments to Agencies and Other Bodies 1998/99 be awarded to Cumbernauld Central Credit Union Study Group to assist with registration and start up costs.

  • Leavell Involuntary Termination Change-in-ControlWith Termination Executive Payments and VoluntaryWithout Cause/ Good Withoutfor Good Reason/ WithoutBenefits Upon TerminationTermination For Cause ReasonTerminationCauseDeathDisabilityAmounts due to Triggering Event Severance .

  • Litigation history/Current Litigation.The above forms are required to be filled by the applicant and sent to the concerned office of HPRIDC along with (a) an affidavit in authentication of the information given by him and (b) a forwarding letter stating among other things that the' bids by pre-qualified applicants will be subject to verification of all information submitted for pre-qualification at the time of bidding’.

  • The Company will also use proceeds from the Asset Sale to pay costs and expenses incurred in connection with the Transactions and to make any Executive Payments and other severance payments to its employees which are triggered in connection with the closing of the Transactions.

  • Executive Payments Upon Termination Change in control arrangements are designed to retain executives and provide continuity of management in the event of a change in control.

  • Leavell Executive Payments and Benefits Upon TerminationInvoluntaryTermination Change-in-Control Voluntary Termination For Cause (1) Represents two times the executive’s base salary in effect immediately prior to the date of termination and two times the median of the executive’s last three annual incentive bonuses.


More Definitions of Executive Payments

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 $3,650,000.
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Related to Executive Payments

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

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • 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.

  • 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.

  • 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:

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

  • 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 mean the payment of severance compensation as provided in Section 2.3 herein.

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

  • Leave Salary means the monthly amount paid by the University to an employee who is on leave.

  • Medical Benefits means medical, optical, or dental benefits, including, but not limited to, hospital and physician services, prescription drugs, and related benefits.

  • 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: