Reimbursable Severance Payments definition

Reimbursable Severance Payments has the meaning set forth in Section 4.2.
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Reimbursable Severance Payments means all Severance Payments made (i) to Removed Employees whom the General Partner terminates from Secondment for reasons other than Cause (as defined below), (ii) to Removed Employees whom the General Partner terminates from Secondment for any reason after the first anniversary of the commencement of such Seconded Employee’s Secondment, (iii) to Seconded Employees as of the Offer Date (as defined in the Employee Transfer Agreement) to whom the General Partner does not provide an offer of employment on or prior to the Offer Date in accordance with Section 2.1 of the Amended and Restated Employee Transfer Agreement among the Parties and (iv) to Seconded Employees who decline an offer of employment from the General Partner made on or prior to the Offer Date that would require Geographic Relocation (as defined in the Employee Transfer Agreement). Notwithstanding the foregoing, in no event shall any severance payment or benefit provided to a Transferred Employee (as defined in the Employee Transfer Agreement) by reason of a termination of his or her employment from Chesapeake Management or any Affiliate thereof that results solely from the transfer of his or her employment to the General Partner constitute a Reimbursable Severance Payment for purposes of this Agreement. For the purposes of this Agreement, “Cause” shall mean the termination of a Seconded Employee’s Secondment by the General Partner because of unsatisfactory performance or as a result of dishonesty, unethical conduct, insubordination or violation of General Partner work rules as established by the General Partner from time to time.
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Reimbursable Severance Payments means all Severance Payments made (i) to Removed Employees whom the General Partner terminates from Secondment for reasons other than Cause (as defined below), (ii) to Removed Employees whom the General Partner terminates from Secondment for any reason after the first anniversary of the commencement of such Seconded Employee’s Secondment, (iii) to Seconded Employees as of the Offer Date (as defined in the Employee Transfer Agreement) to whom the General Partner does not provide an offer of employment on or prior to the Offer Date in accordance with Section 2.1 of the Amended and Restated Employee Transfer Agreement among the Parties and (iv) to Seconded Employees who decline an offer of employment from the General Partner made on or prior to the Offer Date that would require Geographic Relocation (as
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Related to Reimbursable Severance Payments

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

  • 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 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)

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • 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 Payments has the meaning specified in Section 10(a).

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

  • Accrued Expenses means the accrued and unpaid expenses appearing as a Liability on the Preliminary Closing Statement or the Final Closing Statement.

  • Compensation Accrued at Termination means the following:

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • 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.

  • Reimbursable Expenses means all assignment-related costs [such as travel, translation, report printing, secretarial expenses, subject to specified maximum limits in the Contract].

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Termination Costs means all documented Direct Costs and Indirect Costs incurred by Transmission Owner in connection with the performance of the Services (i) prior to the effective date of termination, including such costs incurred for materials, equipment, tools, construction equipment and machinery, engineering and other items, materials, assets or services that cannot reasonably be avoided, mitigated or cancelled, (ii) to unwind any work undertaken prior to or after the effective date of termination to the extent reasonably necessary to return the Projects to a configuration or condition in compliance with Good Utility Practice and applicable Law, and (iii) arising from cancellation costs relating to orders or contracts entered into in connection with the performance of Services by Transmission Owner prior to the effective date of the termination.

  • Qualified disability expenses means that term as defined in section 529A of the internal revenue code.

  • Accrued Obligations are (i) Executive’s accrued but unpaid salary through the date of termination, (ii) any unreimbursed business expenses incurred by Executive payable in accordance with the Company’s standard expense reimbursement policies, and (iii) benefits owed to Executive under any qualified retirement plan or health and welfare benefit plan in which Executive was a participant in accordance with applicable law and the provisions of such plan.

  • Accrued Obligation means the sum of (i) Executive’s Base Salary earned through the Date of Termination and (ii) to the extent permitted by the Company’s vacation policies as may exist from time to time, any accrued, unused vacation pay earned by Executive, in both cases, to the extent not theretofore paid.

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

  • Non-Cash Compensation Expense means any non-cash expenses and costs that result from the issuance of stock-based awards, partnership interest-based awards and similar incentive based compensation awards or arrangements.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Accrued Amounts means any unpaid annual base salary accrued through the date of a Participant’s Qualifying Termination and any accrued but unpaid vacation pay.

  • 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.

  • Change in Control Benefits means the following benefits:

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