Sentences with phrase «lump sum payments representing»

When the employee had been promoted to vice-president in 2000, he signed a new employment contract that provided him with a lump sum payment representing two years» salary in the event that he was terminated from his employment.

Not exact matches

The claimant's advisers therefore accepted that the best solution would be an annuity which was linked to the RPI and in addition a lump sum of # 1 million which would represent the difference between the periodical payments paid to the claimant during his life on the basis of ASHE and periodical payments paid during his life on the basis of the RPI.

The district court further concluded that because a $ 2.1 million lump sum payment that appellant received in July 1999 «represented» two years of salary, it qualified as cash compensation for 1999, 2000, and 2001.

I would further order that the Respondent has the choice of otherwise paying the Petitioner a lump sum payment of $ 57,000, representing her share of the family assets in question.