Eligibility to Receive Additional Compensation Sample Clauses

Eligibility to Receive Additional Compensation. In addition to the Enhanced Severance Benefits as described in the Executive Letter as modified by section 3 of this letter, you will be entitled (subject to signing a release substantially in the form attached to the Executive Letter) to the following additional compensation if you remain employed with and fulfill your duties to the Company throughout the Transition Period: a single lump sum equal to the pro rata amount of a cash payment in lieu of a 2008 SERP contribution, and a single lump sum equal to your 2008 bonus which shall be a pro rata amount calculated as follows: the numerator shall be the number of days you remain employed during the 2008 year; and the denominator shall be the number of days in 2008 prior to the sale of the Company or substantially all of its assets, if applicable. The amounts described in this Section 4, if earned, shall be paid to you on the earliest of (i) thirty (30) days following your termination date, (iii) the closing date of the sale of the Company or substantially all the assets of the Company, if applicable, (iii) the date other executives are paid for similar benefits or (iv) March 15, 2009.
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Eligibility to Receive Additional Compensation 
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Related to Eligibility to Receive Additional Compensation

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • No Additional Compensation Notwithstanding any other provision of this Agreement, the obligation of Agency to return Referred Accounts, provide current status reports of all such accounts or information reasonably required by Client shall be without right to any additional Contingent Fee, administrative fees or other compensation of any kind or type whatsoever after such termination date, including, without limitation, in quantum meruit, for any Services rendered prior to termination (except on recoveries received and remitted to Client pursuant to this Agreement prior to termination) whether or not said Services result in or contribute to recoveries received after termination.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Compensation for Overtime Assigned overtime is designated as those hours over the regular hours of work which are requested of the employee by management. Assigned overtime worked shall be paid at the rate of time and one-half (1 1/2).

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits: