Alternative Forms of Compensation Sample Clauses

Alternative Forms of Compensation. Compensation under the provisions of Sections 2.1.1 through 2.1.7 shall be in one of the following forms, at the Settlement Class Member’s election. 2.2.1 A Settlement Class Member may elect to receive his or her Base Quantum of compensation in the form of a debit card that may be used like a credit card or used at an Automatic Teller Machine. There shall be no restrictions, imposed by the issuer, that would prevent a Settlement Class Member from transferring the entire balance of the debit card to a chequing or other bank account. The cash debit card shall be non- transferrable and shall expire one year after it is issued. There shall be no issuer fees imposed on the recipient of a cash debit card. 2.2.2 A Settlement Class Member may elect to receive his or her compensation in the form of a dealer service debit card valued at 150% of the Base Quantum. The dealer service debit card may only be used at any authorized Hyundai dealer (for Hyundai Class Vehicles) or any authorized KIA dealer (for KIA Class Vehicles) in payment towards any merchandise, parts or service. The dealer service debit card shall be non- transferrable and shall expire two years after it is issued. There shall be no issuer fees imposed on the recipient of a dealer service debit card. 2.2.3 A Settlement Class Member may elect to receive his or her compensation in the form of a new car rebate certificate valued at 200% of the Base Quantum. The new car rebate certificate may only be used toward the purchase of a new Hyundai vehicle (for Hyundai Settlement Class Members) or a new KIA vehicle (for KIA Settlement Class Members). The new car rebate certificate shall be non-transferrable, except that it may be transferred to a family member (child, parent, or sibling), and shall expire three years after it is issued. There shall be no issuer fees imposed on the recipient of a new car rebate certificate. 2.2.4 The value of any debit card, dealer service debit card, and new car rebate certificate shall remain the property of the issuer, HAC or KCI, unless and until it is expended by the Settlement Class Member. Upon expiration of any debit card, dealer service debit card, or new car rebate certificate, any unexpended funds shall become the permanent property of the issuer (HAC or KCI).
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Alternative Forms of Compensation. Compensation under the provisions of paragraphs 3.1.1 through 3.1.7 shall be in one of the following forms, at the Settlement Class Member’s election. 3.2.1 A Settlement Class Member may elect to receive his or her compensation in the form of a debit card that may be used like a credit card or used at an Automatic Teller Machine. There shall be no restrictions imposed by the issuer that would prevent a Settlement Class Member from depositing the entire balance of the debit card to a checking or other bank account. The cash debit card shall be in the amount indicated pursuant to paragraph 3.1.1 through 3.
Sample 1

Related to Alternative Forms of Compensation

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Form of Compensation Compensation for overtime shall be paid except where, upon request of the Employee, and with the approval of the Employer, or its representative, overtime may be granted in the form of time off in lieu of overtime hours worked.

  • Reduction of Compensation If the Firm fails to meet the submission date by less than thirty days for the draft report and/or working papers submitted to the Office of the State Auditor for review and approval or by less than thirty days from the completion date for the final reports and/or corrections to the working papers prescribed herein, the District may, with the consent of the Office of the State Auditor, reduce the agreed compensation by an amount not to exceed ten percent of the total contract price for the applicable fiscal year. If reports and/or corrections to the working papers are overdue by 30 days or more, the District may reduce, with the consent of the Office of the State Auditor, the agreed compensation by an amount not to exceed twenty percent of the total contract price for the Rev. 10/20 applicable fiscal year.

  • Basis of Compensation The Owner shall compensate the Architect/Engineer for the services provided in accordance with Article 7. Payments to the Architect/Engineer shall be as follows:

  • Amount of Compensation City shall pay Contractor for performance of all Services rendered in accordance with this Contract in an amount not to exceed $3,000,000.

  • Specific Benefits Without limiting the generality of Section 3.3, the Executive shall be entitled to paid vacation of not less than the greater of (a) 20 business days per year or (b) the number of paid business vacation days provided to other senior executives of the Company (to be taken at reasonable times in accordance with the Company’s policies). Any accrued vacation not taken during any year may be carried forward to subsequent years; provided, that the Executive may not carry forward more than ten business days of unused vacation in any one year.

  • Survival of Compensation Rates All rights of compensation under this Agreement for services performed as of the termination date shall survive the termination of this Agreement.

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Additional Benefits/Card Enhancements The Credit Union may from time to time offer additional services to your account, such as travel accident insurance, at no additional cost to you. You understand that the Credit Union is not obligated to offer such services and may withdraw or change them at any time.

  • Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation is payable as follows.

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