ANNUAL SERVICE PAYMENT Sample Clauses

ANNUAL SERVICE PAYMENT. Calculate the Annual Service Payment for any Contract Year “n” using the following formula: where: ASPn is the Annual Service Payment for the relevant Contract Year; ASPo is the value for ASPo stated in Appendix 1 to this Schedule Part 14 (Payment Mechanism) (being the Annual Service Payment at the Base Date), subject to any adjustments made from time to time in accordance with any express provision of this Agreement; IF is the indexation factor being [ ]%; RPIn is the value of the [Retail Prices Index] published or determined with respect to the month of February which most recently precedes the relevant Contract Year; and RPIo is the value of the [Retail Prices Index] published or determined with respect to the Base Date.
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ANNUAL SERVICE PAYMENT. Calculate the Annual Service Payment for any Contract Year “n” using the following formula: where: ASPn is the Annual Service Payment for the relevant Contract Year; ASPo is the value for ASPo stated in Appendix 1 to this Schedule Part 14 (Payment Mechanism) (being the Annual Service Payment at the Base Date), subject to any adjustments made from time to time in accordance with any express provision of this Agreement; IF is the indexation factor being [40]%; RPIn is the value of the [Retail Prices Index] published or determined with respect to the month of February which most recently precedes the relevant Contract Year; and RPIo is the value of the [Retail Prices Index] published or determined with respect to the Base Date. If at any time after the Payment Commencement Date an Availability Failure or a Performance Failure occurs the Authority will be entitled, subject to paragraphs 1.2 and 1.3 of this Section 3 (Deductions from Monthly Service Payments) and paragraph 1 of Section 4 (Temporary Repairs and Alternative Accommodation), to make Deductions in calculating the Monthly Service Payment in respect of that Availability Failure or Performance Failure, calculated in accordance with this Section 3 (Deductions from Monthly Service Payments) of Schedule Part 14 (Payment Mechanism). The maximum aggregate of all Deductions that the Authority may make in calculating the Monthly Service Payment in respect of any Contract Month is the Gross Monthly Service Payment for that Contract Month. To the extent that an Availability Failure or a Performance Failure: is the result of an Excusing Cause; or [is the result of an External Utility Failure,] the Authority shall not be entitled to make Deductions. To the extent that an Availability Failure or a Performance Failure is the result of: a Relief Event; or an event of Force Majeure, the Authority shall be entitled to make Deductions but any such Deductions shall be disregarded for the purposes of Clause 24.3 and Clause 40.1.8.
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ANNUAL SERVICE PAYMENT. (i) If UWS does not enter into the venture with UHC and U-Care, or such venture terminates, UWS shall pay or cause to be paid to LLC 50% of the sum of: (A) the aggregate income (loss) before income taxes for the applicable accounting period (the "applicable period") of all health maintenance organization ("HMO") and point of service ("POS") plans offered by the Joint Venture, determined in accordance with generally accepted accounting principles, and (B) the aggregate income (loss) before income taxes for the applicable period of all insured Preferred Provider Organization ("PPO") plans offered by the Joint Venture, which shall mean for each plan the (1) net earned premium, minus (2) the amount of incurred claims and administrative expenses, plus (3) net investment income earned. (ii) If UWS enters into the venture with UHC and U-Care, UWS shall pay or cause to be paid 30% of the aggregate income (loss) before income taxes for the applicable period of all PPO (calculated as provided in Section 3(a)(i)(B) above), HMO and POS plans offered by the Joint Venture, determined in accordance with generally accepted accounting principles. (iii) For purposes of the calculations required by Sections 3(a)(i) and 3(a)(ii) above: (A) income does not include investment income attributable to funds of UWS not withdrawn from the Joint Venture or attributable to additional capital contributions from UWS or one of its affiliates to HMOW; (B) the administrative expenses of each plan offered shall not exceed the actual costs incurred by the underwriter(s) of such plan; (C) the amount of an aggregate loss for the applicable period shall carry over and reduce income from the plans offered by the Joint Venture in the successive applicable period(s) to the extent of such loss; (D) no expense, loss or liability attributable to that approximate $4.4 million debt assumed and outstanding by U-Care to University of Wisconsin Hospital and Clinics referenced in Section 13.4 of the Amended and Restated Joint Venture Agreement by and among Blue Cross, UWS, UHC, U-Care and Health Professionals, Inc. and certain affiliated entities ("U-Care Joint Venture Agreement") shall be taken into account; and (E) Income (loss) shall be computed without regard to: (1) administrative service payments by UWS affiliates to UWS pursuant to any administrative service agreement between UWS and its affiliates in connection with the payments to: (I) LLC hereunder, (II) U-Care or any successor thereto under a Li...
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Related to ANNUAL SERVICE PAYMENT

  • Monthly Management Fee Payment On the first business day of each month, each class of each Fund shall pay the management fee to the Investment Manager for the previous month. The fee for the previous month shall be the sum of the Daily Management Fee Calculations for each calendar day in the previous month.

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

  • REPORT ON CONTRACT SALES ACTIVITY AND ADMINISTRATIVE FEE PAYMENT A. CONTRACT SALES ACTIVITY REPORT. Each calendar quarter, Supplier must provide a contract sales activity report (Report) to the Sourcewell Supplier Development Administrator assigned to this Contract. Reports are due no later than 45 days after the end of each calendar quarter. A Report must be provided regardless of the number or amount of sales during that quarter (i.e., if there are no sales, Supplier must submit a report indicating no sales were made). The Report must contain the following fields: • Participating Entity Name (e.g., City of Staples Highway Department); • Participating Entity Physical Street Address; • Participating Entity City; • Participating Entity State/Province; • Participating Entity Zip/Postal Code; • Participating Entity Contact Name; • Participating Entity Contact Email Address; • Participating Entity Contact Telephone Number; • Sourcewell Assigned Entity/Participating Entity Number; • Item Purchased Description; • Item Purchased Price; • Sourcewell Administrative Fee Applied; and • Date Purchase was invoiced/sale was recognized as revenue by Supplier. B. ADMINISTRATIVE FEE. In consideration for the support and services provided by Sourcewell, the Supplier will pay an administrative fee to Sourcewell on all Equipment, Products, and Services provided to Participating Entities. The Administrative Fee must be included in, and not added to, the pricing. Supplier may not charge Participating Entities more than the contracted price to offset the Administrative Fee. The Supplier will submit payment to Sourcewell for the percentage of administrative fee stated in the Proposal multiplied by the total sales of all Equipment, Products, and Services purchased by Participating Entities under this Contract during each calendar quarter. Payments should note the Supplier’s name and Sourcewell-assigned contract number in the memo; and must be mailed to the address above “Attn: Accounts Receivable” or remitted electronically to Sourcewell’s banking institution per Sourcewell’s Finance department instructions. Payments must be received no later than 45 calendar days after the end of each calendar quarter. Supplier agrees to cooperate with Sourcewell in auditing transactions under this Contract to ensure that the administrative fee is paid on all items purchased under this Contract. In the event the Supplier is delinquent in any undisputed administrative fees, Sourcewell reserves the right to cancel this Contract and reject any proposal submitted by the Supplier in any subsequent solicitation. In the event this Contract is cancelled by either party prior to the Contract’s expiration date, the administrative fee payment will be due no more than 30 days from the cancellation date.

  • 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.

  • Monthly Fee The fee for the parking spaces shall be $ per month for parking space(s). each all

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • Invoice Payment 3.1. The CUSTOMER shall pay all valid invoices submitted by the CONTRACTOR in accordance with the provisions of this Schedule in accordance with the provisions of Clause 5 of this Contract. 3.2. In the event of a disputed invoice, the CUSTOMER shall make payment in respect of any undisputed amount in accordance with the provisions of Clause 5 of this Contract and return the invoice to the CONTRACTOR within ten (10) Working Days of receipt with a covering statement proposing amendments to the invoice and/or the reason for any non-payment. The CONTRACTOR shall respond within ten (10) Working Days of receipt of the returned invoice stating whether or not the CONTRACTOR accepts the CUSTOMER’s proposed amendments. If it does then the CONTRACTOR shall supply with the response a replacement valid invoice. If it does not then the matter shall be dealt with in accordance with the provisions of Clause 21 of this Contract.

  • Monthly Fees ACS will xxxx Customer each month during the term of this Agreement based on number of "Actions" which occurred during the prior month. The definition of "Actions" and fees for each Action will be documented in each Task Order. Customer shall cause ACS to be paid the foregoing fees on a monthly basis within thirty (30) days of ACS' delivery of an invoice for the preceding month's Actions.

  • Distribution Assistance Fees (Asset-Based Sales Charge) Payments In its sole discretion and irrespective of whichever alternative method of making service fee payments to Recipients is selected by the Distributor, in addition the Distributor may make distribution assistance fee payments to a Recipient quarterly, or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days after the end of each calendar quarter or other period, at a rate not to exceed 0.1875% (0.75% on an annual basis) of the average during the period of the aggregate net asset value of Shares computed as of the close of each business day constituting Qualified Holdings owned beneficially or of record by the Recipient or its Customers until such Shares are redeemed or converted to another class of shares of the Fund, provided, however, that a majority of the Independent Trustees may, but are not obligated to, set a time period (the "Recipient Maximum Holding Period") for making such payments. Distribution assistance fee payments shall be made only to Recipients that are registered with the SEC as a broker-dealer or are exempt from registration. The distribution assistance to be rendered by the Recipients in connection with the sale of Shares may include, but shall not be limited to, the following: distributing sales literature and prospectuses other than those furnished to current Shareholders, providing compensation to and paying expenses of personnel of the Recipient who support the distribution of Shares by the Recipient, and providing such other information and services in connection with the distribution of Shares as the Distributor or the Fund may reasonably request.

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