Transition Payments definition

Transition Payments means the annual payments made to Participation Retirees 4 from the Appropriation Payment pursuant to the terms of the Settlement Agreement.
Transition Payments is defined in Section 12.A of the Settlement Agreement.
Transition Payments has the meaning set forth in Section 3.4.

Examples of Transition Payments in a sentence

  • FFP is not available for any UC Payments other than Transition Payments in DY 1 prior to CMS approval of the claiming protocol and application for that particular provider type for which payments are sought.

  • If the Associate should die during the Transition Period, Transition Payments will cease at that time, and his or her heirs will have no entitlement to the continuation of such payments.

  • All UC and Transition Payments made for DY 1 are subject to UC Pool annual limits for DY 1.

  • Transition Payments will not be affected by the disability of the Associate during the Transition Period.

  • These Transition Payments are available only during DY 1 subject to UC pool annual limits for DY 1.


More Definitions of Transition Payments

Transition Payments means the sum of (i) all salaries, wages (including overtime earned prior to the Closing and accruals regarding vacation and other paid time off), pay-in-lieu of notice, and other compensation, provided such other compensation is earned prior to the Closing, (ii) the cost to the Company for all Company Plans in effect prior to the Closing (less any participant contributions) and accrued prior to Closing and (iii) all employment Taxes payable by the Company on items in clause (i) and (ii), as incurred by the Company during the two (2) week period commencing on the date notice of termination of employment is provided to employees of the Company; provided that such amounts shall not apply with respect to employees of the Company set forth on Schedule 3.2(a)(ii).
Transition Payments means the amount funded under the Transition Services Agreement. “Transition Services Agreement” has the meaning specified in the Acquisition Agreement. “UCC” means the Uniform Commercial Code as in effect in the State of New York; provided that, if perfection or the effect of perfection or
Transition Payments shall have the meaning ascribed to it in Section 3(j)(vi) of the Agreement as amended.
Transition Payments. The District shall distribute funds to Clackamas County for the operation of the Oak Lodge Library pursuant to the current Oak Lodge Service area map. To the extent the annual distribution of
Transition Payments. You will receive one time special payments of $50,000.00 within approximately seven (7) days of joining Quaker, $50,000.00 at the completion of your first year anniversary, and $50,000.00 at the completion of your second year anniversary. These payments are subject to all withholdings. In addition, you will receive 10,000 options within approximately seven (7) days of joining Quaker, of which 3,500 options will vest after two years, 3,500 options will vest after three years, and 3,000 options will vest after four years.
Transition Payments means the payments described as such and set out in the Pricing Schedule.
Transition Payments. The amount of One Hundred Seventeen Thousand Six Hundred Forty-seven Dollars ($117,647.00) annually for the first full two (2) years of operation, which amounts shall be paid to NHP from Cash Flow, subject only in payment priority to any and all payments due under the Subcontract Agreements attributable to Normal and Ordinary Management Fees. In the event there are insufficient funds to make the Transition Payments, such unpaid amounts shall accrue interest at a rate of ten percent (10%) per annum and be paid from the first available Cash Flow after the payment of the Subcontract Agreement obligations.