NY definition

NY is the Remaining Unexpired Employment Period expressed as a number of years (rounded, if such period is not a whole number, to the next highest whole number); and

NY is the Remaining Unexpired Employment Period expressed as a number of years (rounded, if such period is not a whole number, to the next highest whole number). The Salary Severance Payment shall be paid in lieu of all other payments of salary provided for under this Agreement in respect of the period following any such termination.

NY is the Assurance Period expressed as a number of years (rounded, if such period is not a whole number, to the next highest whole number). The Salary Severance Payment shall be made within thirty (30) days after the Officer's termination of employment and shall be in lieu of any claim to a continuation of base salary which the Officer might otherwise have and in lieu of cash severance benefits under any severance benefits program which may be in effect for officers or employees of the Bank.

Examples of NY in a sentence

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Its Corporate Trust Office is located at 000 Xxxxxxx Xxxxxx, New York, N.Y. 10286, and its principal executive office is located at Xxx Xxxx Xxxxxx, Xxx Xxxx, X.X. 00000.
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Delivery of this Agreement by one party to the other may be made by facsimile, electronic mail (including any electronic signature complying with the New York Electronic Signatures and Records Act (N.Y. State Tech.

NY is the Assurance Period expressed as a number of years and fractions of years. The Bonus Severance Payment shall be made on the date sixty (60) days after the Officer’s termination of employment and shall be in lieu of any claim to a continuation of participation in any cash-based annual bonus or performance-based compensation plans of the Association which the Officer might otherwise have, other than any claim based on rights the Officer may have with regard to any performance period under any such plan that begins before the effective date of the Officer’s termination of employment. The payments and benefits described in section 6(b) are referred to in this Agreement as the “Additional Termination Entitlements”. The payments described in section 6(b)(ii) and (iii) shall be computed at the expense of the Company by an attorney of the firm of Xxxxxx & Xxxxxx, 000 Xxxx Xxxxxx, Xxx Xxxx, XX 00000 or, if such firm is unavailable or unwilling to perform such calculation, by a firm of independent certified public accountants selected by the Officer and reasonably satisfactory to the Company (the “Computation Advisor”). The determination of the Computation Advisor as to the amount of such payments shall be final and binding in the absence of manifest error.

NY is the Assurance Period expressed as a number of years (rounded, if such period is not a whole number, to the next highest whole number). The Bonus Severance Payment shall be made within thirty (30) days after the Officer's termination of employment and shall be in lieu of any claim to a continuation of participation in annual bonus plans of the Bank which the Officer might otherwise have. The payments and benefits described in section 6(b) are referred to in this Agreement as the "Additional Termination Entitlements". The payments described in section 6(b)(ii) and (iii) shall be computed at the expense of the Company by an attorney of the firm of Thacxxx Xxxxxxxx & Xood, Xxo World Trade Center, New York, New York 10048 or, if such firm is unavailable or unwilling to perform such calculation, by a firm of independent certified public accountants selected by the Officer and reasonably satisfactory to the Company (the "Computation Advisor"). The determination of the Computation Advisor as to the amount of such payments shall be final and binding in the absence of manifest error.

NY is the Assurance Period expressed as a number of years (rounded, if such period is not a whole number, to the next highest whole number). The Bonus Severance Payment shall be made on the date sixty (60) days after the Officer's termination of employment and shall be in lieu of any claim to a continuation of participation in any cash-based annual bonus or performance-based compensation plans of the Association which the Officer might otherwise have, other than any claim based on rights the Officer may have with regard to any performance period under any such plan that begins before the effective date of the Officer's termination of employment. The payments and benefits described in section 6(b) are referred to in this Agreement as the "Additional Termination Entitlements". The payments described in section 6(b)(ii) and (iii) shall be computed at the expense of the Company by an attorney of the firm of Xxxxxxx Xxxxxxxx & Xxxx, Two World Financial Center, New York, New York 10281 or, if such firm is unavailable or unwilling to perform such calculation, by a firm of independent certified public accountants selected by the Officer and reasonably satisfactory to the Company (the "Computation Advisor"). The determination of the Computation Advisor as to the amount of such payments shall be final and binding in the absence of manifest error.

NY has the meaning set forth in the definition of “Business Day.”