SALARY CONTINUATION PAYMENTS definition

SALARY CONTINUATION PAYMENTS means the salary continuation payments that will become payable to Employee if he retires on or after his Normal Retirement Date, as described in Section 2 hereof.
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SALARY CONTINUATION PAYMENTS means a Participant's salary continuation payments from the Company, paid while the Participant is not performing services for the Company on account of disability, leave of absence, or severance; but without any reduction to reflect amounts deferred to this Plan.
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SALARY CONTINUATION PAYMENTS means the sum of all payments, if any, made by the Company to the Executive pursuant to the Salary Continuation Agreement.
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Examples of SALARY CONTINUATION PAYMENTS in a sentence

  • THIS AGREEMENT WILL NOT BECOME EFFECTIVE OR ENFORCEABLE (AND THE SALARY CONTINUATION PAYMENTS TO EMPLOYEE WILL NOT BEGIN UNTIL THIS 7-DAY REVOCATION PERIOD HAS PASSED.


More Definitions of SALARY CONTINUATION PAYMENTS

SALARY CONTINUATION PAYMENTS. The Company shall continue to pay you an amount equal to your pro rata salary ($10,387.50 per semi-monthly period) through February 28, 2012 (the “Termination Date”), unless terminated earlier pursuant to Section 2(c) below. The amounts set forth in this paragraph shall be paid in accordance with the Company’s standard payroll procedures; semi-monthly on the 15th and last day of each month (or the previous working day if either of those dates falls on a weekend or holiday). The first payment to be made after the Effective Date of this Agreement shall include the amounts, if any, that would have been payable to you during the period between the Separation Date and the effective date of this agreement had this agreement then been in effect.
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Related to SALARY CONTINUATION PAYMENTS

  • Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.