Cash in Lieu definition

Cash in Lieu shall have the meaning given such term in Section 2.02 of this Agreement.

Cash in Lieu means a payment of money for park purposes that is collected in lieu of a conveyance of land which would otherwise be required to be conveyed pursuant to the parkland provisions of the Planning Act as incorporated into this by-law;

Cash in Lieu means the payment of funds equivalent to the value of the amount of land that the Municipality would otherwise have been entitled to acquire for park or other public recreational purposes as part of a development. The payment of Cash-in-lieu is usually required as a condition of site plan, draft plan of subdivision, draft plan of condominium approval, or consent approval, the day before the approval of the site plan, draft plan of subdivision, draft plan of condominium, or in accordance with Sections 42(1), 51.1(4) and 53 of the Planning Act, R.S.O. 1990 c.P.13 (“Planning Act”).

Examples of Cash in Lieu in a sentence

• The voluntary Cash in Lieu of Medical Coverage Program is available to all full-time employees.

• Cash in Lieu of Flexible Benefit Allowance - Teachers not enrolled in the District's Health Insurance Plan shall receive $69.71 per month/$836.50 annually in lieu of health insurance with proof of other group coverage.

• The District shall continue to pay each employee’s and the District’s share of the monthly premiums for health and dental coverage or Cash in Lieu as provided for in Articles 29 and 31 above as long as the employee is in a paid status in his/her regular FTE assignment.

• The District will provide a Cash in Lieu of Health coverage option under the Bloomfield Hills Schools Flexible Benefits Plan for each full plan year for those employees who are eligible for but do not elect the employer-provided medical/hospitalization coverage.

• The District will provide a Cash in Lieu of Health coverage option under the Bloomfield Hills Schools Flexible Benefits Plan for each full plan year for those individuals who do not elect the employer-provided medical/hospitalization coverage.

More Definitions of Cash in Lieu

Cash in Lieu benefit is available annually during the open enrollment period pursuant to Cafeteria Plan rules. If an employee has a qualifying event they can elect the “cash in lieu” benefit outside of the Open Enrollment period. In addition, employees who elect cash in lieu are also eligible for dental and vision coverage at any level with no cost to employee.

Cash in Lieu has the meaning set forth in Section 2.2.4.

Cash in Lieu means a payment of money for park or other public recreational purposes which is collected in lieu of a conveyance of

Cash in Lieu means a payment of money for park or other public recreational purposes which is collected in lieu of a conveyance of land which would otherwise be required to be conveyed pursuant to the parkland provisions of the Planning Act as incorporated into this By-law.

Cash in Lieu means money to be paid in place of Reserve Lands which are required pursuant to a subdivision of land by the Approving Authority.

Cash in Lieu means the payment of funds equivalent to the value of the amount of land that the Town would otherwise have been entitled to require to be conveyed for park or other public recreation purposes as part of a Development. The payment of Cash-in-Lieu is usually required as a condition of subdivision or development permit approval and is assessed as the value of the land the day before the Town grants approval for the Development under Section 51.1, or the day before the day the first building permit is issued under Section 42, as specified in the Planning Act.

Cash in Lieu means a payment of money for park or other public recreational purposes which is collected in lieu of a conveyance of land which would otherwise be required to be conveyed pursuant to the parkland provisions of the Planning Act.