Community Benefits formula Sample Clauses

Community Benefits formula. (a) The Parties agree that:
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Community Benefits formula. (a) The Parties agree that each formula specified in the right hand column of the table below applies to the corresponding Land Use Activity specified in the left hand column. Negotiation Activity Applicable Formula Commercial Leases for more than 10 and up to and including 21 years (excluding Major Public Works) Major Public Works (including Infrastructure undertaken by a Utility) Commercial Licences and Commercial Permits for more than 10 years Agriculture Leases covering 40 hectares or more, including Leases for plantations and aquaculture Formula A Formula A (where a Lease, Licence or Permit applies) Formula B Formula A Formula A Agreement Activity Applicable Formula Community Purpose Leases for more than 21 years Formula A New Timber Release Plans Formula C The grant of an estate in fee simple other than a grant pursuant to s 14 or s 19 of the Traditional Owner Xxxxxxxxxx Xxx 0000 (Vic) or a grant made for the purpose of a project that is for a public purpose. Commercial Leases more than 21 years (excluding Major Public Works) Major works and/or clearing of land for Commercial Purposes (where a Public Land Authorisation is not required, and excluding Major Public Works) Formula D Formula E Formula F
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Community Benefits formula. The Parties agree that each formula specified in the right hand column of the table below applies to the corresponding Land Use Activity specified in the left hand column. Negotiation Activity Applicable Formula Commercial Leases for more than 10 and up to and including 21 years (excluding Major Public Works) Formula A Major Public Works (including Infrastructure undertaken by a Utility) Formula A (where a Lease, Licence or Permit applies) Formula B Commercial Licences and Commercial Permits for more than 10 years Formula A Agriculture Leases covering 40 hectares or more, including Leases for plantations and aquaculture Formula A Community Purpose Leases for more than 21 years Formula A New Timber Release Plans Formula C Agreement Activity Applicable Formula The grant of an estate in fee simple, other than a grant: (a) pursuant to s 19 of the Act; (b) made to facilitate a project that is for a public purpose; or (c) transfer or vesting made pursuant to s 22A of the Land Xxx 0000 (Vic). Formula D Commercial Leases more than 21 years (excluding Major Public Works) Formula E Major Works and/or clearing of land for Commercial Purposes (where a Public Land Authorisation is not required, and excluding Major Public Works) Formula F Formulae FORMULA A ACRONYMS: Rental Received (RR) ($ amount of RR12in $0 - $20,000 * 25 %) + Community Benefits (payable each + ($ amount of RR in $20,001 - $100,000 * 10 %) year that the Lease rental is received) = + ($ amount of RR in $100,001 - $500,000 * 5 %) Solatium (RR * 10 %) + ($ amount of RR in $500,001 – $1,000,000 * 2.5 %) + ($ amount of RR above $1,000,001 * 0.5 %) PLUS GST Note: The Corporation will also be entitled to reimbursement of reasonable negotiation costs (as prescribed by regulation)23 FORMULA B ACRONYMS: Unimproved Market Value (UMV) Community Benefits = ($ amount of UMV14in $0 - $100,000 * 25 %) + + ($ amount of UMV in $100,001 - $500,000 * 10 %) + ($ amount of UMV in $500,001 - $1,000,000 * 5 %) Solatium (UMV * 10 %) + ($ amount of UMV in $1,000,001 – $10,000,000 * 2.5 %) + ($ amount of UMV above $10,000,000 * 0.5 %) PLUS GST Note: The Corporation will also be entitled to reimbursement of reasonable negotiation costs (as prescribed by regulation)25 FORMULA C Community Benefits (payable each year that the Timber Release Plan is current) = adjusted area harvested2 by VicForests within TRP that is covered by LUAA3 in that year ($ TO group share of Dividend4 in $0 - $20,000 * 25 %) + ($TO group share of Dividend4...
Sample 1
Community Benefits formula. The Parties agree that each formula specified in the right hand column of the table below applies to the corresponding Land Use Activity specified in the left hand column. Negotiation Activity Applicable Formula Commercial Leases for more than 10 and up to and including 21 years (excluding Major Public Works) Major Public Works (including Infrastructure undertaken by a Utility) Commercial Licences and Commercial Permits for more than 10 years Agriculture Leases covering 40 hectares or more, including Leases for plantations and aquaculture Formula A Formula A (where a Lease, Licence or Permit applies) Formula B Formula A Formula A Agreement Activity Applicable Formula Community Purpose Leases for more than 21 years Formula A New Timber Release Plans Formula C The grant of an estate in fee simple, other than a grant:
Sample 1
Community Benefits formula. (a) The Parties agree that each formula specified in the right hand column of the table below applies to the corresponding Land Use Activity specified in the left hand column. Negotiation Activity Applicable Formula Commercial Leases for more than 10 and up to and including 21 years (excluding Major Public Works) Formula A Major Public Works (including Infrastructure undertaken by a Utility) Formula A (where a Lease, Licence or Permit applies) Formula B Commercial Licences and Commercial Permits for more than 10 years Formula A Agriculture Leases covering 40 hectares or more, including Leases for plantations and aquaculture Formula A Community Purpose Leases for more than 21 years Formula A New Timber Release Plans Formula C Agreement Activity Applicable Formula The grant of an estate in fee simple other than a grant pursuant to s 14 or s 19 of the Act or a grant made for the purpose of a project that is for a public purpose. Formula D Commercial Leases more than 21 years (excluding Major Public Works) Formula E Major works and/or clearing of land for Commercial Purposes (where a Public Land Authorisation is not required, and excluding Major Public Works) Formula F
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Related to Community Benefits formula

  • Community Benefits 31.1. The potential to take in to account social considerations (also referred to as Community Benefits) in public procurement is firmly established and set out in European Directive 2014/24/EU, the Public Contracts (Scotland) Regulations 2015 (“the Regulations”) and European case law.

  • Maternity Benefits (i) Subject to the provisions of this part of the Agreement a female contributor who-

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • City Benefits The Contractor shall not be entitled to any of the benefits established for the employees of the City nor be covered by the Worker's Compensation Program of the City.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Eligibility for Benefits A member will not be eligible to receive Long Term Disability benefits until their Income Protection benefits have expired.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree.

  • Application for Benefits Requests for short-term leaves shall be in writing, upon the appropriate form prescribed and provided by the District, and shall be filed with the unit member's supervisor and the appropriate manager five (5) days in advance of the intended leave (except in emergency situations), unless otherwise stated by the provisions of the specific leave.

  • Disability Benefits Technology Errors and Omissions Not less than $1,000,000 each claim Not less than $2,000,000 in aggregate At the time of the first transaction with an Authorized User and updated in accordance with Contract Crime Insurance Not less than $50,000 Lot 3 Insurance Type Proof of Coverage is Due Commercial General Liability Not less than $5,000,000 each occurrence Updated in accordance with Contract General Aggregate $2,000,000 Products – Completed Operations Aggregate $2,000,000 Personal and Advertising Injury $1,000,000 Business Automobile Liability Insurance Not less than $5,000,000 each occurrence Workers’ Compensation

  • Program Benefits Under the Probation Status, the Participating Contractor will be eligible for all contractor incentives, its customers will have access to financing offered through the Program, and income- eligible households will be eligible to receive Program incentives.

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