Advances or Loans - Third Party Liability Sample Clauses

Advances or Loans - Third Party Liability. If an employee is in an accident entitling them to damages from a third party, the Permanent Head may authorize advances or loans to the employee to be repaid out of the damages, if any, recovered by the employee from the third party.
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Advances or Loans - Third Party Liability. 15.7.1 If an employee meets with an accident under circumstances entitling the employee to recover damages from a third party, the employer, instead of paying benefits under this article, may authorize advances or loans to such employees to be paid out of the damages, if any, recovered by the employee from the third party. If no damages are recoverable, the charges will be assessed against the employee's sick leave credits.
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Advances or Loans - Third Party Liability. If an Employee meets with an accident under circumstances entitling him to recover damages from a third party, the President, instead of paying benefits under this plan, may authorize advances or loans to such Employee to be repaid out of the damages, if any, recovered by the Employee from the third party. The request for an advance or loan must be made in writing and the loan is repayable to the Employer by the Employee should damages not be awarded.
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Advances or Loans - Third Party Liability an employee meets with an accident under circumstances entitling the employee to recover damages from a Third Party, the Principal, instead of benefits under this plan may authorize advances or loans to such employees to be paid out of the damages, if any, recovered by the employee from the Third Party. If no damages are recoverable, the charges will be assessed against the employee's sick leave credits. A deduction shall he made from accumulated sick leave of all normal working days (exclusive of unassigned days and designated holidays) absent for sick leave. An employee shall inform his Supervisor before starting time, or as soon as possible, of the need to be absent. Less than employees with sick leave credits shall be paid only for those days on which they would have worked. On the request of the employee, the Employer shall advise each employee, in writing, of the amount of sick leave accumulated. An employee on leave of absence with full pay shall receive sick leave credits for the period of such absence. Such employee shall record all sick days. The onus will be on the employee to subsfantiate all claims for sick leave under this Article subject to Article below. Leave of Absence without pay shall be dealt with on the basis of Article An employee who has had vacation leave interrupted by illness or injury that requires hospitalization for a period of two (2) consecutive calendar days or more shall, upon request, have such period of hospitalization charged against available sick leave credits. The employee will be required to provide medical evidence of such confinement when, requested. The Employer may require an employee to produce a medical certificate for any illness. The cost of any medical certificate provided will be paid for by the Employer.
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Advances or Loans - Third Party Liability. If an employee meets with an accident under circumstances entitling them to recover damages from a third party, the Chief Executive Officer, instead of paying benefits under this plan, may authorize advances or loans to such employee to be repaid out of the damages, if any, recovered by the employee from the third party.
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Related to Advances or Loans - Third Party Liability

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Term Loan The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loan in whole or in part together with the applicable Prepayment Premium; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of LIBOR Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied in the inverse order of maturity with respect to the remaining amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. On the date of any voluntary prepayment of any Term Loan pursuant to this Section 2.05(a)(ii), the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, whether before or after an Event of Default, the applicable Prepayment Premium. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Financial Participation Prohibited Under Section 2155.004, Texas Government Code (relating to financial participation in preparing solicitations), Contractor certifies that the individual or business entity named in this Contract and any related Solicitation Response is not ineligible to receive this Contract and acknowledges that this Contract may be terminated and payment withheld if this certification is inaccurate.

  • Step Advancement Each faculty member will be granted one (1) increment on the salary schedule each year up to the maximum allowed. To qualify for advancement one (1) step on the salary schedule, employees must have been employed in a paid status or on any form of medical leave (FMLA, CFRA, etc.), or on military leave seventy-five percent (75%) or more of the school days in a school year.

  • DETERMINATION OF DBE PARTICIPATION A firm must be an eligible DBE and perform a professional or technical function relating to the project. Once a firm is determined to be an eligible DBE, the total amount paid to the DBE for work performed with his/her own forces is counted toward the DBE goal. When a DBE subcontracts part of the work of its contract to another firm, the value of the subcontracted work may be counted toward DBE goals only if the subprovider is itself a DBE. Work that a DBE subcontracts to a non-DBE firm does not count toward DBE goals. A DBE subprovider may subcontract no more than 70% of a federal aid contract. The DBE subprovider shall perform not less than 30% of the value of the contract work with assistance of employees employed and paid directly by the DBE; and equipment owned or rented directly by the DBE. DBE subproviders must perform a commercially useful function required in the contract in order for payments to be credited toward meeting the contract goal. A DBE performs a commercially useful function when it is responsible for executing the work of the contract and is carrying out its responsibilities by actually performing, managing, and supervising the work involved. To perform a commercially useful function, the DBE must also be responsible, with respect to materials and supplies used on the contract, for negotiating price, determining quality and quantity, ordering the material, and installing (where applicable) and paying for the material itself . When a DBE is presumed not to be performing a commercially useful function, the DBE may present evidence to rebut this presumption. A Provider may count toward its DBE goal a portion of the total value of the contract amount paid to a DBE joint venture equal to the distinct, clearly defined portion of the work of the contract performed by the DBE. Proof of payment, such as copies of canceled checks, properly identifying the Department’s contract number or project number may be required to substantiate the payment, as deemed necessary by the Department.

  • Unreimbursed medical expenses If you take payments to pay for unreimbursed medical expenses that exceed a specified percentage of your adjusted gross income, you will not be subject to the 10 percent early distribution penalty tax. For further detailed information and effective dates you may obtain IRS Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS. The medical expenses may be for you, your spouse, or any dependent listed on your tax return. 5)

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