Transition Payment Clause Samples

Transition Payment. If Resident’s Level of Training is PGY-1, Resident shall be eligible for a one-time transition payment to assist new PGY-1 resident physicians with the transition into their graduate medical education. The amount of this transition payment is a one-time payment of Five Thousand and 00/100 Dollars ($5,000.00), less applicable deductions and withholdings.

Transition Payment. If Executive becomes disabled, as defined in Subsection 6(a) above, Executive’s employment will terminate and the Company will pay Executive, as transition pay and in lieu of the Severance Benefit, a lump sum payment equal to four (4) months of Executive’s Base Salary as of the Termination Date (the “Transition Payment”). The Transition Payment is subject to the limitations in Subsections 7(c)(3)(A), 7(c)(3)(D), and 7(c)(3)(E) above.

Transition Payment. ▪ Did the employer invest in improving the employee's labour market position during the term of the employment contract, such as by paying for retraining to another job? In that case, the employer can deduct the investment from the transition payment. It may only do so if the conditions of the Transition Payment Cost Deduction (Conditions) Decree are met. ▪ It may only do so if the conditions of the Transition Payment Cost Deduction (Conditions) Decree are met.

Transition Payment. In consideration of your efforts in preparing for a transition into the role of Interim Chief Executive Officer, you shall also receive the equivalent of one month’s Base Salary on the first regular payroll date after the Start Date.

Transition Payment. The social plan is an equivalent provision as referred to in law (Section 673b of Book 7 of the Dutch Civil Code). Therefore, redundant employees to whom the social plan applies and whose employment is terminated otherwise than by mutual consent are not entitled to the statutory transition payment.

Transition Payment. U.S. Transferred Employees who are at least * and have at least * of credited service under the GRP, both as of the Employment Date, or who have at least * of credited service under the GRP as of the Employment Date, shall be eligible to receive * payable on * provided that such U.S. Transferred Employee (i) continues to be employed by Vastera as of July 31, 2004 unless such Transferred Employee was involuntarily separated by Vastera other than a discharge; and (ii) has not commenced a retirement benefit under the GRP. Vastera and Ford shall work cooperatively and use reasonable efforts to determine whether the * to eligible U.S. Transferred Employees, consistent with applicable law. In the event a method is agreed by the Parties, Vastera shall take the steps required to implement any such method prior to the date *. Ford shall reimburse Vastera * within thirty days after receiving an invoice from Vastera.

Transition Payment. In addition, Onvia shall pay Executive a total sum of One Hundred Thirty Five Thousand Dollars ($135,000.00) as a transition payment (“Transition Payment”). The Transition Payment will be subject to all required or agreed upon deductions and withholdings and will be paid in a lump sum on December 31, 2010. Executive and Onvia agree that the Transition Payment represents sufficient consideration for the potential claims being released pursuant to Section 6 as well as the covenants in Section 7.

Transition Payment. ‌ If, for any reason, execution of this Agreement follows the Effective Date, the Port shall invoice the Airline and the Airline shall pay within thirty (30) calendar days following receipt of said invoice, a one (1) time billing adjustment for the period between the Effective Date and the execution date of this Agreement. Such invoice shall be based upon the activity of the Airline during said period, the space actually occupied by the Airline, and the rentals, fees, and charges established in this Agreement.

Transition Payment. Subject to lawful deductions, the gross sum of $2,039,713, equal to two times the sum of (i) Executive’s annual base salary plus (ii) an amount equal to Executive’s “Average Annual Bonus” as defined in the Employment Agreement (the “Transition Payment”), in accordance with Section 3(c)(i)(A) of the Employment Agreement. Executive acknowledges and agrees that payment of the Transition Payment shall be made in substantially equal installments not less frequently than twice per month over the twenty-four (24) month period commencing as of the date of his Separation from Service (expected to be January 2, 2025), provided that, the first payment shall be made sixty (60) days following the date of Separation from Service (or the first business day following such 60 day period) and shall include all payments accrued from the date of Separation from Service to the date of the first payment.