Annual Lump Sum Payment Sample Clauses

Annual Lump Sum Payment. Beginning with the 15th day of the first month immediately following the end of a Revenue Year for Revenue Years 1 through 15, Developer shall pay the City a recurring annual lump sum payment (“Annual Lump Sum Payment”). As illustrated below, the Annual Lump Sum Payment shall be determined based on the annual Gross Collected Revenue for the preceding Revenue Year. To calculate the Annual Lump Sum Payment, Gross Collected Revenue shall be totaled and a multiplier shall be applied to each tier of Gross Collected Revenue as follows:
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Annual Lump Sum Payment. This is a new clause providing for an annual lump sum payment of $4000 in the first year and a $2000 lump sum payment annually thereafter during the term of the agreement. This clause replaces provisions for percentage increases to rates of pay referred to in clause 20 of the current Agreement. This clause details eligibility criteria for the lump sum payment, what amount applies (e.g. full amount and not pro rata for part-time employees), who receive annual salary equivalent to the National Training Wage in Schedule C of the NTPS Enterprise Award 2016. A sub clause has been included which states the employer agrees that should there be a change to the Northern Territory Government’s Wages Policy during the term of the Agreement that provides for additional benefits above those contained in the Agreement (such as an increase to salaries above the value of the annual lump sum) these will be passed on through a determination.
Sample 1
Annual Lump Sum Payment. This is a new clause providing for a lump sum payment of $4000 in the first year and a $2000 lump sum payment the following year. This clause replaces provisions for percentage increases to rates of pay referred to in clause 20 of the current Agreement. This clause details eligibility criteria for the lump sum payment, what amount applies (e.g. full amount and not pro rata for part-time employees), who receive annual salary equivalent to the National Training Wage in Schedule C of the NTPS Enterprise Award 2016. A sub clause has been included which states the employer agrees that should there be a change to the Northern Territory Government’s Wages Policy during the term of the Agreement that provides for additional benefits above those contained in the Agreement (such as an increase to salaries above the value of the annual lump sum) these will be passed on through a determination.
Sample 1
Annual Lump Sum Payment. Regular employees will be paid a lump sum payment of $200 per year, and casual employees will be paid a lump sum payment of $50 per year. This payment will be made each year on the first payday in December, to all staff who are employed as of December 1st of each year.
Sample 1

Related to Annual Lump Sum Payment

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

  • Lump Sum Payments If, during the Employment Period, the Company terminates the Executive's employment other than for Cause, or the Executive terminates employment for Good Reason, the Company shall pay to the Executive the following amounts:

  • Minimum Payment Due Your Minimum Payment Due is listed on your Statement and equals the lesser of: • the amount of your New Balance, or • the greater of: • $30, or • 3% of the amount you owe, or • the sum of Finance Charges accrued since the last Billing Cycle (including Interest Charges and Transaction Fees), plus any Penalty Fees, Annual Fees (if applicable), and one-time fees that have been posted to your Account, plus 1% of the amount you owe. Making only the Minimum Payment Due will increase the amount of interest you pay and the time it takes to repay your balance.

  • Lump Sum The Change Order cost is determined by mutual agreement as a lump sum amount changing the Contract Sum allowed for completion of the Work. The Change Order shall be substantiated by documentation itemizing the estimated quantities and costs of all labor, materials and equipment required as well as any xxxx-up used. The price change shall include the cost percent allowed for the Contractor's overhead and profit and, if eligible, Time Dependent Overhead Costs.

  • Minimum Payment (a) Overtime worked on a Saturday or Sunday will be paid for at the rate of double Ordinary Rates. Employees required to work on a Saturday or Sunday will be afforded a minimum 4 hours work, or be paid as if for 4 hours at the aforementioned overtime rates.

  • Lump Sum Compensation Lump sum computation refers to the method of payment under this Agreement for the professional services of the Consultant.

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.

  • Salary Payment In consideration of Executive’s timely execution and non-revocation of the Release by the Release Deadline Date, the Company shall pay Executive a severance payment equal to Executive’s Monthly Base Salary multiplied by the number of months in the Covered Termination Severance Period, less applicable withholdings. The severance payment shall be payable (except as set forth in Article 5) in a lump sum on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

  • Quarterly Payments H3.15 The quarterly payment cannot be increased in cases of target over-achievement. The payments are given on cumulative outputs, in arrears, and therefore the maximum payment available will be given by the end of the Contract if the agreed (target) number of outputs is reached or exceeded.

  • Minimum Payments If the Executive’s Termination Date occurs during the Agreement Term for any reason, the Executive shall be entitled to the following payments, in addition to any payments or benefits to which the Executive may be entitled under the following provisions of this Section 5 (other than this paragraph 5(a)) or the express terms of any employee benefit plan or as required by law:

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