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.
Executive Payments means the payments due under the agreement dated December 11, 2002 [Xxxxxxx Xxxxxxxxx] listed in Schedule 3.7.
Executive Payments means $3,650,000.

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.

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

  • 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.

  • 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 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.

  • Membership on the Steering Committee is limited to representatives of Level 1, Level 2, or Level 3 Members.

  • Parent shall pay or cause the Companies to pay all Executive Payments at or prior to the Closing.

  • Parent shall use its reasonable commercial efforts to file a registration statement on Form S-3 (or other appropriate form if Form S-3 is not available) covering the resale to the public by the Stockholders of all shares representing the Initial Consideration, the Executive Payments and the anticipated number of shares that would constitute the Earnout Consideration (the “Stockholder Registration Statement”) with the SEC on or prior to the twenty-first (21st) day following the Closing Date.


More Definitions of Executive Payments

Executive Payments has the meaning set forth in Section 6.24.
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;

Related to Executive Payments

  • Incentive Payments means any and all federal or state governmental subsidies, payments, transfers or other benefits, whether now or hereafter established, received by the Borrower in any fiscal year aged less than 120 days.

  • 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.

  • 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.

  • 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 (1) day prior to the Change of Control; and (ii) the average of the Incentive Bonus paid (or payable) for the three (3) most recently completed fiscal years of the Company.

  • 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: