Salary Continuation Agreements definition

Salary Continuation Agreements has the meaning set forth in Section 6.16.
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Salary Continuation Agreements means the salary continuation agreements of Messrs. XxXxxxxxx, Xxxxxxxxx and Xxxxxxxx and Xx. Xxxxxxxxxxxx. “Xxxxxxxx-Xxxxx Act” has the meaning set forth in Section 5.03(g). “SEC” means the United States Securities and Exchange Commission. “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. “Share” and “Shares” has the meaning set forth in Section 3.01(a). “Shareholder Agreements” has the meaning set forth in the recitals to this Agreement. “Short Term Employee” means an employee of Napa immediately prior to the Effective Time who is offered short term employment with Bank in connection with -8- systems conversion or other integration matters; provided, however, that a Short Term Employee shall not be deemed to be a Continuing Employee. “Stockholders’ Equity Measuring Date” has the meaning set forth in Section 7.03(d). “Subsidiary” means, as to any Person, a corporation, limited liability company, partnership or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, limited liability company, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. “Superior Proposal” has the meaning set forth in Section 6.06. “Surviving Bank” has the meaning set forth in Section 2.01(a). “Tax” (including, with correlative meanings, the terms “Taxes” and “Taxable”) means all federal, state, local and foreign taxes, charges, fees, customs, duties, levies or other assessments, however denominated, including, without limitation, all net income, gross income, profits, gains, gross receipts, sales, use, value added, goods and services, capital, production, transfer, franchise, windfall profits, license, withholding, payroll, employment, disability, employer health, excise, estimated, severance, stamp, occupation, property, environmental, unemployment, capital stock or any other taxes, charges, fees, customs, duties, levies or other assessments of any nature whatsoever, together with all interest, penalties and additions imposed with respect to such amounts and any interest in respect of such penalties and additions. “Tax Returns” means any retu...
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Salary Continuation Agreements those certain agreements entered into before December 31, 2005 between the Company and such members of senior management as listed in Schedule SCA, providing for salary continuation beyond active full-time employment.
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Examples of Salary Continuation Agreements in a sentence

  • Xxxxx (the “Employment Agreements”), (ii) those certain Salary Continuation Agreements dated March 26, 2008 between them and Xxxxxxx X.

  • Prior to the Effective Time SNB may modify or amend any one or more of the Salary Continuation Agreements to the extent reasonably necessary in order for it or them to comply with Section 409A of the Code, if applicable, provided that no such modification or amendment may materially increase the benefits or compensation provided under any such agreement or obligate or subject SNB or its successors to the payment of any excise or other tax or additional payment obligation.

  • Xxxxxx III (the “Existing Employment Agreements”) and those certain Salary Continuation Agreements with each of J.


More Definitions of Salary Continuation Agreements

Salary Continuation Agreements means the salary continuation agreements of Messrs. LeMxxxxxx, Xunxxxxxx xxd Flexxxxx xxd Ms. Xxxxxxxxxxxx.
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Salary Continuation Agreements means the Salary Continuation Agreements entered into by the Company or a Subsidiary with an Executive.
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Salary Continuation Agreements means each of the executive retention agreements listed under “Employment Related Contracts” in Schedule 4.01(p).
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Salary Continuation Agreements means the salary continuation agreements with Employees that are listed as such on Schedule 5.02(m). “Xxxxxxxx-Xxxxx Act” has the meaning set forth in Section 5.03(g). “SEC” means the United States Securities and Exchange Commission. “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.
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Salary Continuation Agreements means the salary continuation agreements with Employees that are listed as such on Schedule 5.02(m).
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Related to Salary Continuation Agreements

  • Benefit Continuation Period shall have the meaning set forth in Section 5(b).

  • Benefits Continuation Period has the meaning set forth in Section 6.01(b).

  • Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.

  • 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).

  • Continuation Period shall have the meaning set forth in Section 6.9(a).

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

  • COBRA continuation provision means any of the following:

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • Continuation Date means any date on which Borrower continues a LIBOR Advance into another Interest Period.

  • Conversion/Continuation Date means the effective date of a continuation or conversion, as the case may be, as set forth in the applicable Conversion/Continuation Notice.

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

  • 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.

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

  • Termination Benefit means the benefit set forth in Article 7.

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

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Severance Period means the period of time commencing on the date of an occurrence of a Change of Control and continuing until the earlier of (i) the date which is one and one-half years following the occurrence of the Change of Control, and (ii) the Executive's death.

  • COBRA Continuation Period means the continuation period for medical and dental insurance to be provided under the terms of this Agreement which shall commence on the first day of the calendar month following the month in which the date of termination falls and generally shall continue for an 18 month period.

  • Salary as defined in Section 3.1(a).

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • 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)).

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Continuation Coverage means coverage under a COBRA continuation provision or a similar state program. Coverage provided by a plan that is subject to a COBRA continuation provision or similar state program, but that does not satisfy all the requirements of that provision or program, will be deemed to be continuation coverage if it allows an individual to elect to continue coverage for a period of at least 18 months. Continuation coverage does not include coverage under a conversion policy required to be offered to an individual upon exhaustion of continuation coverage, nor does it include continuation coverage under the Federal Employees Health Benefits Program.

  • converted employment and support allowance means an employment and support allowance which is not income-related and to which a person is entitled as a result of a conversion decision within the meaning of the Employment and Support Allowance (Existing Awards) Regulations 2008;