Calculation of Termination Compensation. For the purpose of calculating termination compensation for Voluntary Resignation Before Retirement, Retirement and Death, "continuous service" will include all periods of full-time continuing and regular part-time employment with the Company (including periods of authorized leave without pay) and its predecessors, provided that: - service began no later than May 31, 1996 (for Theratronics employees service began no later than March 31, 1999), and - such service has not been separated by more than three (3) calendar months.
Calculation of Termination Compensation. For the purpose of calculating termination compensation for Voluntary Resignation Before Retirement, Retirement and Death, “continuous service” will include all periods of full-time continuing and regular part-time employment with the Company (including periods of authorized leave without pay) and its predecessors, provided that:
Calculation of Termination Compensation. 18.1.1 In the event of early Termination, the Public Partner shall pay the Termination Compensation calculated in accordance with the procedure specified in ANNEX 8 (
Calculation of Termination Compensation. 3.1 If TfL is liable to for Termination Compensation pursuant to paragraph 1.1, the Service Provider shall, within twenty (20) Working Days of the Termination Date or Partial Termination Date (as applicable), submit to TfL a detailed invoice setting out the breakdown of the cost items comprising the Termination Compensation. TfL may verify such costs by exercising its audit powers pursuant to Clause 36 (Audit and Inspection) at any time prior to the Termination Compensation Payment Date.
3.2 The Service Provider shall provide TfL with all information reasonably requested by TfL in relation to any claim for Termination Compensation (including any supporting financial data, management information and evidence of relevant resource utilisation).
3.3 The calculation of Termination Compensation due under this Schedule 6 shall be as agreed by the Parties in writing on or before the Termination Compensation Date or, if not agreed on or before such date, as determined by the Dispute Resolution Procedure.
3.4 TfL shall pay the Termination Compensation agreed by the Parties or determined pursuant to paragraph 3.3 within ten (10) Working Days after such agreement or determination.
Calculation of Termination Compensation. The amount of Termination Compensation payable by the Grantor shall be prepared by the Concessionaire, validated as fair and accurate by the Concessionaire's auditors and then notified in writing by the Concessionaire to the Grantor within ten (10) Business Days of a party receiving from the other Party a notice informing that such other Party is terminating this Agreement. The Concessionaire's notification setting out the amount of Termination Compensation shall be accompanied by reasonable and clear details of the calculation made by the Concessionaire and sufficient supporting evidence for the Grantor to verify the Concessionaire's calculation, failing which the Concessionaire's notification will not be valid.
Calculation of Termination Compensation. If the Authority is liable for Termination Compensation pursuant to paragraph 4A.1, the Contractor shall, within twenty (20) Working Days of the Termination Date, submit to the Authority a detailed cost summary setting out the breakdown of the cost items
Calculation of Termination Compensation. Subject to the limitations in Section 25.5.3 (Termination Compensation Cap), the Department will pay the Progressive Contractor the sum of the following amounts for Work performed prior to the effective date of the Notice of Termination, as such amounts are determined by the Department:
(a) The Progressive Contractor’s actual reasonable out-of-pocket cost (without profit and including equipment costs only to the extent permitted by Section 21 (Construction Phase Change Orders)) for all Work performed, including mobilization, demobilization, and work done to secure the Project for termination, including reasonable overhead and accounting for any refunds payable with respect to insurance premiums, deposits, or similar items, as established to the Department’s satisfaction. In determining the reasonable cost, deductions will be made for the cost of materials to be retained by the Progressive Contractor, amounts realized by the sale of materials, and for other appropriate credits. Deductions will also be made for the cost of damaged materials. When, in the opinion of the Department, the cost of an item of Work is excessively high due to costs incurred to remedy or replacement of defective or rejected Work, the reasonable cost to be allowed will be the estimated reasonable cost of performing that Work in compliance with the requirements of the Contract Documents, and the excessive actual cost will be disallowed.
(b) As profit on the actual out-of-pocket cost permitted in clause (a) above, a sum determined by the Department to be fair and reasonable; provided, however, that if it appears that the Progressive Contractor would have sustained a loss on the entire Agreement had it been completed, no profit shall be included or allowed under this Section 25.5.1, and an appropriate adjustment shall be made by reducing the amount of the payment to reflect the indicated rate of loss.
(c) The cost of settling and paying claims arising out of the termination of Work under Subcontracts as provided in Section 25.3(e) (Progressive Contractor Responsibilities upon Termination), exclusive of the amounts paid or payable on account of supplies or materials delivered or services furnished by the Subcontractor prior to the effective date of the Notice of Termination under the Agreement, which amounts shall be included in the cost on account of which payment is made under clause (a) above.
(d) The reasonable out-of-pocket cost (including reasonable overhead) of the preservation a...
