Exit Payment definition

Exit Payment means the assets required to be paid by the exiting employer over such period of time as the administering authority considers reasonable, to meet the liabilities specified in paragraph (2);
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Exit Payment means a payment of that description under regulation 64 (special circumstances where revised actuarial valuations and certificates must be obtained) or its equivalent under any of the Earlier Schemes;
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Exit Payment means the amount determined by Citi in its absolute discretion and by whatever means Citi deems appropriate. Without limiting the foregoing, in determining the Exit Payment, Citi may adjust the Exit Payment for any costs, losses or expenses that it incurs in relation to the Early Maturity, including without limitation, Costs and Taxes, Break Costs, administrative costs, costs of unwinding any hedge put in place for the purposes of meeting its obligations under these Terms, and any cost of funding or any loss of bargain;
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Examples of Exit Payment in a sentence

  • Further to receipt of the Expert's report and if Burberry decides to exercise its right to terminate under this clause 20.6, Burberry shall notify the Licensee of its intention to exercise its right by 31 July 2009 (in the case of the First Exit Right) and 31 July 2011 (in the case of the Second Exit Right) and it shall pay the Exit Payment to the Licensee on 31 December 2009 (in the case of the First Exist Right) OR 31 December 2011 (in the case of the Second Exit Right).

  • The Expert will in reaching its determination of the Exit Payment be entitled to call for such evidence as it requires from the Licensee and Burberry including, without limitation, all books of account and business records which the Licensee has kept in respect of any products which incorporated any Burberry Intellectual Property which were manufactured by or on behalf of the Licensee under this Agreement.

  • Burberry and the Licensee shall within fourteen (14) days of Burberry's notice being given pursuant to this clause 20.6 without reference or knowledge of the other party's selection, prepare a list of three investment banks that they would wish to determine the amount of the Exit Payment.

  • The Expert will prepare a report which determines the Exit Payment by reference to the market value of the Licence Rights for the unexpired term of this Agreement within 45 days of its appointment, such report to be provided by the Expert to Burberry and the Licensee by no later than 30 June 2009, in the case of the First Exit Right, or 30 June 2011, in the case of the Second Exit Right.

  • If such choices yield one investment bank that has been chosen by both Burberry and the Licensee then that investment bank will be appointed as the expert to determine the Exit Payment (the "Expert").


More Definitions of Exit Payment

Exit Payment means the amount as set out in the rates and adjustments certificate referred to in sub-paragraph (2)(b) required to be paid by the exiting employer over such period of time as the administering authority considers reasonable, to meet the liabilities specified in paragraph (2);
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Exit Payment has the meaning set forth in Section 2(e).
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Exit Payment means the amount of which shall immediately become due and payable by the Customer in case of earlier termination of this Agreement prior to the expiry of Lock-in period.
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Exit Payment a payment required by the Administering Authority in accordance with Regulation 64(2) of the 2013 Regulations.
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Exit Payment means the “First Lien Exit Payments” (as defined in the Fee Letter).
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Exit Payment means an amount equal to the Entry Payment.
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Exit Payment means any payment of bonuses, salary, fees or other sums or benefits (in money or money’s worth) including any related costs and irrecoverable VAT thereon to any present or former employee, director, officer or consultant of any Target Company or other third party in connection with the transactions contemplated by this Agreement and/or any other Transaction Documents and/or resignation and/or termination of engagement on Closing as provided for in this Agreement. If a payment falls within the definition of Exit Payment and the definition of Benefit, it shall be deemed to be a Benefit and not an Exit Payment for purposes of this Schedule 10;
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