Xxxxxxxxx Pay definition

Xxxxxxxxx Pay. The Company shall pay you severance pay (“Severance Pay”) by continuing your base salary (at the annual rate of $455,400.24 per year) effective for the nine (9) month period immediately following the Resignation Date (the “Severance Pay Period”). The Company shall pay you Severance Pay in installments on its regular payroll dates during the Severance Pay Period; provided that the Company shall not be obligated to pay any Severance Pay before the Certificate Effective Date (as defined in Exhibit A). If the Company does not make one or more payments of Severance Pay on a regular payroll date because the Certificate has not yet become effective, the Company shall make all such delayed payments by the first payroll date when it is practicable to do so after the Certificate Effective Date.
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Xxxxxxxxx Pay as used herein, shall mean the actual or constructive compensation, including salary and benefits as defined by Florida Statutes §215.425(4). If this Agreement is terminated “without cause” during the second year (6 June 2024 through 6 June 2025) of the initial term of the Agreement , as described in this provision, the District shall pay XXXXXX a single lump sum cash payment of up to a maximum of twelve (12) weeks of XXXXXX’ biweekly salary in effect at the time of the termination of this Agreement. The District shall also pay XXXXXX a single lump sum cash payment in the amount of all earned and unused personal time off (“PTO”) balances, up to a maximum of eight (8) PTO days, using XXXXXX’ biweekly salary in effect immediately prior to the date of termination of this Agreement. XXXXXX shall not be eligible for severance pay if he is terminated with or without cause during the probationary period (6 June 2023 through 5 June 2024).
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Xxxxxxxxx Pay. As a severance benefit and as consideration for Xxxxxxx entering into this Agreement, Xxxxxxx shall receive severance pay totaling One Hundred Sixty-Four Thousand One Hundred Twenty Dollars and 84/100ths ($164,120.84) to be paid in fifty-two (52) equal installments of Three Thousand One Hundred Fifty Six Dollars and 17/100ths ($3,156.17) which will be paid by direct deposit in accordance with the Bank’s usual and customary payroll practices starting on January 12, 2007, with the final payment being made on December 26, 2008. The severance pay shall be reduced by applicable state and federal income and employment taxes which the Bank is required to withhold.
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Examples of Xxxxxxxxx Pay in a sentence

  • Xxxxxxxxx pay will be paid to those eligible classified employees who retire from active service with Xxxxxx Schools.


More Definitions of Xxxxxxxxx Pay

Xxxxxxxxx Pay as used herein, shall mean the actual or constructive compensation, including wages and benefits as defined by Florida Statutes §215.425(4). If this Agreement is terminated “without cause” during the term of the Agreement, as described in this provision, the DISTRICT shall pay XXXXXXXX a single lump sum cash payment of twelve (12) weeks of XXXXXXXX’X set hourly wages per pay period in effect at the time of the termination of this Agreement (calculated as 12 weeks x 2 shifts/week x 24 hours/shift x $25/hour or $14,400). XXXXXXXX shall not be eligible for Severance Pay if XXXXXXXX is “terminated for cause” as contemplated in I.C.1., above, at any time during this Agreement.
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Related to Xxxxxxxxx Pay

  • Xxxxxxxxx means Xxxxxx X. Xxxxxxxxx.

  • Xxxxxxxx means Xxxxxxxx Nominees Pty. Ltd. a company incorporated in the State as trustee of The Xxxxxx Xxxxxxxx Family Trust;

  • Xxxxxxx means an employee elected or appointed by the Union who is authorized to represent the Union, an employee or both.

  • Xxxxxxx Xxxxxxxx whose address and tax identification number shall be provided within five (5) days after this Settlement Agreement is fully executed by the Parties;

  • Xxxxx Xxxxxxxxxx means, with respect to XXXXX, 0.0326% per annum.

  • Xxxxxx Xxxxxxxxx “Xxxx Xxxxxx”

  • Xxxxxxxx Xxxxxxx “Xxxxxxx Xxx”

  • Xxxxx Xxxxxxxxx “Xxxx Xxxxxx” “X. Xxxx” “Xxxxxxx Xxxxx”

  • Xxxxxx Xxxxxxxx Xxx XxXxxx” ”Xxxx Xxxxx” ”Xxxxx Xxxxxxx” ”Xxxxx Xxxxxxxx” ”Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • Xxxxxxx Xxxxxxx whose address and tax identification number shall be provided within five (5) days after this Settlement Agreement is fully executed by the Parties;

  • Xxxx Xxxxxxxxx “Xxxxx Xxxx”

  • Xxxxxx Xxxxxxx Xxxxx Xxxxxxx”

  • Xxxxx Xxxxxxxx Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • Xxxxxxx Xxxxxx xxxxx xxx Xxxxxx xx Xxxxxxx Xxxxxxxxxx.

  • Xxxxxxxx-Xxxxx means the Xxxxxxxx-Xxxxx Act of 2002.

  • Xxxxxxxx Xxxx means the type of charge that a xxxxxxx has on somebody else’s goods when he does work on the goods. The xxxxxxx may keep the goods until he is paid for the work and if he is not paid he may sell them. A mechanic will have a xxxxxxx’x xxxx on your car if he does work on it at his garage. Any expression not described or defined in this agreement shall have the meaning given to it in the Credit Contracts and Consumer Finance Act 2003 unless the context requires otherwise. Unless the context prevents it, the singular shall include the plural and vice versa and one gender includes others to the effect that, for example, “he” includes “they”, “she” and “it”.

  • Xxxx Xxxxxxxx Xxxxx Xxxxxxxx”

  • Xxxxxxx Xxxxxxx Policy means the written policy of the Company pertaining to the sale, transfer or other disposition of the Company’s equity securities by members of the Board, officers or other employees who may possess material, non-public information regarding the Company, as in effect at the time of a disposition of any Stock.

  • Xxx Xxxxxxxx “Xxxxx Xxxxxxx”

  • Xxxxxx means Xxxxx’x Investors Service, Inc.

  • Xxxxx Xxxxxxx Xxxxx Xxxxxxxx” ”Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • Xxxxxx Xxxxxx “Xxxxx Xxxxxxxx”