Basic Payments definition

Basic Payments. The “Basic Payments” include any “payments in the nature of compensation” (as defined in Section 280G of the Code and the regulations adopted thereunder), made pursuant to this Agreement or otherwise, to you or for your benefit, the receipt of which is contingent on a Change in Control and to which Section 280G of the Code applies.

Basic Payments means an amount equal to the aggregate of the Executive’s (i) earned but unpaid Base Salary; (ii) unpaid business expense reimbursement; and (iii) an amount payable for accrued but unused vacation days;

Basic Payments means an amount equal to the aggregate of:

Examples of Basic Payments in a sentence

• Certified copy of Memorandum and Articles of Association along with Certificate of Incorporation or similar constitutional documents.

• Basic Payments Entitlement …………………….…………………………………………… Other Production Subsidies ……………………………………………………………..

• Such prepayments of Basic Payments shall be made at the times and in the amounts as necessary to accomplish the optional redemption in part of the Refunding Bond as set forth in such Refunding Bond.

• All Basic Payments and Additional Charges and all other payments required of the Borrower hereunder shall be paid without notice or demand and without setoff, counterclaim, or defense for any reason and without abatement or deduction or defense (except as provided in Sections 8.2 and 9.13 hereof).

• All Basic Payments under the provisions of the Loan Agreement and the Note are assigned by the Issuer to the Trustee pursuant to this Indenture for monthly deposit to the Revenue Fund.

More Definitions of Basic Payments

Basic Payments means an amount equal to the aggregate of (i) earned but unpaid Base Salary, (ii) earned but unpaid bonuses, if any, calculated, in the case of the fiscal year during which termination of employment occurs, on a per diem basis from the first day of such fiscal year to the date of termination, (iii) unpaid business expense reimbursement, (iv) the amount payable for unused vacation days, as provided for in the Corporation's vacation policy, and (v) the value for income tax purposes of other benefits to which the Executive is entitled;

Basic Payments means the payments made by the City under this Refunding Support Agreement as set forth in Section 4.1(a), which such payments are equal to eleven and six tenths percent (11.6%) of the payments of principal and interest due on the Refunding Bond.

Basic Payments means the payments payable by the County under the Financing Agreement which is equal to the amount of principal and interest due on the Bonds on the principal and interest payment dates.

Basic Payments shall have the meaning set forth in Section 3.1 hereof.

Basic Payments means the payments denominated as such in Section 5.01 hereof. "Board" means the governing body of the Borrower.

Basic Payments include any “payments in the nature of compensation” (as defined in Section 280G of the Code and the regulations adopted thereunder), made pursuant to this Agreement or otherwise, to or for Executive’s benefit, the receipt of which is contingent on a Change of Control and to which Section 280G of the Code applies.

Basic Payments has the meaning ascribed thereto in the Employment Agreements.