Application for Compensation Sample Clauses

Application for Compensation. An application for compensation shall demonstrate the Investor's right to compensation in the amount claimed. The Investor shall provide such additional information as OPIC may reasonably require to evaluate the application. The Investor may amend or withdraw an application for compensation at any time, but the right to recover compensation will be lost for any acts covered by a withdrawn application. (a) There is no time limit on application for inconvertibility compensation (Article III); however, compensation shall not exceed the Active Amount applicable in accordance with Section 3.02. (b) An application for expropriation compensation (Article V) must be filed within six months after the Investor has reason to believe that all requirements of Article IV have been satisfied. (c) A notice demonstrating the Investor's entitlement to political violence compensation for loss of assets (Article VI) must be filed within six months of the loss. The notice together with proof of the amount of compensation due will be considered a completed application, which must be filed within three years of the loss. The Investor may request adjusted cost compensation (Sec. 7.01(a)) and later amend the application within three years of the loss to elect replacement cost compensation (Sec. 7.01(b)). (d) OPIC shall have a reasonable time in which to complete processing of any application for compensation.
Sample 1
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Application for Compensation. VIII-1 8.02 Assignment to OPIC .........................................VIII-1 8.03 Security ...................................................VIII-2 8.04 Excess Salvage Value .......................................VIII-2 8.05 Arbitration ................................................VIII-2 8.06 Election of Active Amounts and Coverage Ceilings ...........VIII-3 8.07 Termination ................................................VIII-3 8.08 Legal and Miscellaneous ....................................VIII-3 8.09 Notices ....................................................VIII-3 8.10 Refund of Premiums .........................................VIII-3 Article IX - Investor's Duties 9.01 Duties .......................................................IX-1 9.02 Default ......................................................IX-3 9.03 Non-Waiver ...................................................IX-3 9.04 Cure .........................................................IX-3 Article X - Amendments ...................................................X-1 I-1 Article I -
Sample 1
Application for Compensation. X-1 10.02 Assignment to OPIC X-1 10.03 Security X-2 10.04 Excess Salvage Value X-2 10.05 Arbitration X-3 10.06 Election of Covered Amount and Termination of Coverage X-3 10.07 Terminations X-3 10.08 Refund of Premiums X-3 10.09 Legal and Miscellaneous X-4 10.`0 Notices X-4 Article XI - Investor's Duties 11.01 Duties XI-1 11.02 Default XI-5 11.03 Non-Waiver XI-6 11.04 Cure XI-6 Article XII - Miscellaneous XII-1
Sample 1
Application for Compensation. An application for compensation shall demonstrate the Investor's right to compensation in the amount claimed. The Investor shall provide such additional information as OPIC may reasonably require to evaluate the application. The Investor may withdraw an application for compensation, but the right to recover compensation will be lost for any acts covered by that application. (a) There is no time limit on application for inconvertibility compensation (Article III); however, Section 3.03.1 provides that compensation shall not exceed the Covered Amount in effect 120 days before OPIC receives the application. (b) An application for expropriation compensation (Article V) must be filed within six months after the Investor has reason to believe that all requirements of Article IV have been satisfied. (c) A notice demonstrating the Investor's entitlement to political violence compensation (Article VII) must be filed within six months of the loss. The notice, together with proof of the amount of compensation due, will be considered a completed application, which must be filed within three years of the loss. The Investor may request Historical Cost compensation and later amend the application within three years of the loss to elect Replacement Cost compensation. (d) An application for compensation for interference with operations (Article IX) must be filed within six months after the Investor has reason to believe that all requirements of Article VIII have been satisfied. (e) OPIC shall have a reasonable time within which to complete processing of any application for compensation. In the event the Investor files an application that is not complete, OPIC will use its best efforts to inform the Investor as soon as possible (i) that the application is incomplete and (ii) what action must be taken to complete the application.
Sample 1
Application for Compensation. VIII-1 8.02 Assignment of OPIC .................................VIII-1 8.03 Security ...........................................VIII-2 8.04 Excess Salvage Value ...............................VIII-2 8.05 Arbitration ........................................VIII-2 8.06 Election of Active Amounts and Coverage Ceilings ...VIII-3 8.07 Termination ........................................VIII-3 8.08 Legal and Miscellaneous ............................VIII-3 8.09 Notices ............................................VIII-3 8.10 Refund of Premiums .................................VIII-3 Article IX - Investor's Duties 9.01 Duties ............................................. IX-1 9.02 Default ............................................ IX-3 9.03 Non-Waiver ......................................... IX-3 9.04 Cure ............................................... IX-3 Article X - Amendments ................................................. X-1 Article I - Subject of Insurance and Exchange of Promises. 1.01 Subject 1. Investment. The Investor promises that the Investor contributed or will contribute up to $22,800,750 in United States dollars consisting of (a) $22,000,750 in United States dollars consisting of (i) $750 in United States dollars in the form of an equity investment; and (ii) $22,000,000 in United States dollars in the form of 100 percent participation in a loan made or to be made by State Street Bank and Trust Company ("State Street Bank") to Forest-Starma Joint Stock Company ul. Xxxxxxxxx 0, Xxxxxxxxxx-xx-Xxxx Xxxxxxxxxx 000000, Xxxxxx a joint stock company of the closed type organizaed under the laws of Russia (the "foreign enterprise") and (b) $800,000 in United States dollars to Starma-Holding ul. Xxxxxxxxx 0, Xxxxxxxxxx-xx-Xxxx Xxxxxxxxxx 000000, Xxxxxx xxr which the Investor has acquired or will acquire up to (c) 750 shares of common stock for the investment identified in paragraph (a)(i) above, representing 50 percent equity interest in the foreign enterprise; and (e) 195 shares of common stock for the investment identified in paragraph (b) above, representing 13 percent equity interest in the foreign enterprise (together, the "investment"). Ninety percent of each of these interests acquired by the Investor is insured under this contract (the "insured investment").
Sample 1
Application for Compensation 
Sample 1

Related to Application for 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.

  • Compensation for Overtime Assigned overtime is designated as those hours over the regular hours of work which are requested of the employee by management. Assigned overtime worked shall be paid at the rate of time and one-half (1 1/2).

  • Compensation for Basic Services A. Owner shall make payment for Part I and Part II services monthly. The payments shall be in proportion to the progress of Engineer's work. Final payment for each phase shall become due and payable upon completion and approval by Owner of that phase of Engineer's work. B. Owner shall make payment for Construction Phase services not more frequently than monthly in proportion to the amount of the gross progress payments to Contractor(s). C. Owner shall make no deduction from Engineer's compensation on account of penalties, liquidated damages or other sums withheld from Contractor(s) through no fault of Engineer. D. Owner shall make payment for Construction Completion Phase services upon completion of the requirements set forth in subsections II. F. 1, 2 and 3. E. Engineer shall submit requests for payment monthly on forms provided and in a manner prescribed by Owner.

  • COMPENSATION OF ULTIMUS The Trust, on behalf of each Fund, shall pay for the services to be provided by Ultimus under this Agreement in accordance with, and in the manner set forth in, Schedule B attached hereto, as such Schedule may be amended from time to time. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, Ultimus’ compensation for that part of the month in which the Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of Ultimus’ compensation for the preceding month shall be made promptly.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • 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.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • 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.

  • Compensation for Consulting Services For each quarter (i.e., three-month period) that Executive provides consulting services to MediciNova pursuant to the option of MediciNova contained in Section 9 above, MediciNova shall pay Executive a sum equal to fifteen percent (15%) of Executive’s annual Base Compensation which shall be applicable at the time of Executive’s termination of employment with MediciNova (prorated for any period of less than a quarter). The parties expressly agree that when Executive is performing consulting services for MediciNova, Executive is acting as an independent contractor. Therefore, Executive shall be solely liable for Social Security and income taxes that result from Executive’s compensation as a consultant. In addition, Executive shall not be entitled to any other benefits including, without limitation, such group medical, life and disability insurance and other benefits as may be provided to employees and/or executives of MediciNova.

  • HOLIDAY COMPENSATION FOR TIME WORKED 110. Employees required by their respective appointing officers to work on any of the above specified or substitute holidays, excepting Fridays observed as holidays in lieu of holidays falling on Saturday, shall be paid extra compensation of one additional day's pay at time-and-one-half the usual rate in the amount of 12 hours pay for 8 hours worked or a proportionate amount for less than 8 hours worked provided, however, that at the employee's request and with the approval of the appointing officer, an employee may be granted compensatory time off in lieu of paid overtime pursuant to the provisions of Section III.E.2. 111. Executive, administrative and professional employees designated in the Annual Salary Ordinance with the "Z" symbol shall not receive extra compensation for holiday work but may be granted time off equivalent to the time worked at the rate of-one-and-one-half times for work on the holiday.

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