Examples of Annual Payment in a sentence
For employees hired on or after December 1, 2019, eliminate current schedule and replace with the following: Years of Service Annual Payment 4 to 8 $600.00 9 to 13 $1200.00 14 to 18 $1800.00 19 to 22 $2400.00 23 and over $3000.00 This adjustment shall be completed based on the original date of hire or appointment of the fire department employee and shall be applied to the first full pay period following the anniversary date of employment.
The County covenants that CDC, upon paying the Annual Payment and performing the covenants under this Agreement, shall peaceably and quietly have, hold and enjoy the Premises for the term of the Agreement and any applicable renewal term.
The Parties acknowledge that the Annual Payment provided for herein is less than market rental rates and that such difference between the Annual Payment amount and market rental rates represents consideration for CDC’s agreement to carry out and administer the Governmental Program pursuant to Article Seven below.
CDC’s compensation for its operation, management, and maintenance obligations under this Article is the difference between below market rental rate set forth in Article Four and the amount of the Annual Payment established in Article Four above.
Each Eligible Airline shall receive the proportion of the Annual Payment determined by dividing the number of its increased arriving passengers for such Full Term Year by the total increased arriving passengers for all Eligible Airlines for such Full Term Year in excess of passengers for the fiscal year of the Authority ended on June 30, 2011.