Compensation Adjustment. (a) If the re-evaluation of an existing position results in an increase in band level and the Joint Job Evaluation Committee decision is not appealed, the appropriate increase in salary level shall be at the Job Rate and shall be retroactive to the date established for significant change on the Statement of Significant Change Form.
(b) If an evaluation decision is appealed, then any change in band level and retroactive pay shall not be finalized until the Joint Appeals Committee or a Labour/Management committee has reached a binding decision.
(c) Any resulting increase in band level and any retroactive payment(s) shall be paid to the incumbent(s) within three (3) monthly pay periods of the re-evaluation decision subject to Articles 14.09(a) and 14.09(b).
(d) If the re-evaluation or appeal of an existing position results in a decrease in band level, the incumbent(s) shall not suffer a loss of salary as a direct result.
Compensation Adjustment. (a) If after the date of this Agreement the introduction of, or any change in, any law or any governmental rule, regulation, policy, guideline or directive (whether or not having the force of law), or any interpretation thereof, or compliance by Lender or any Participant therewith:
(i) subjects Lender to any tax, duty, charge or withholding on or from payments due from any Borrower (excluding franchise taxes imposed upon, and taxation of the overall net income of, Lender or any Participant), or changes the basis of taxation of payments, in either case in respect of amounts due it hereunder, or
(ii) imposes or increases or deems applicable any reserve requirement or other reserve, assessment, insurance charge, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by Lender or any Participant (other than any reserves included in the determination of the Eurodollar Rate), or
(iii) imposes any other condition the result of which is to increase the cost to Lender or any Participant of making, funding or maintaining the Loans or Letter of Credit Accommodations or reduces any amount receivable by Lender or any Participant in connection with the Loans or Letter of Credit Accommodations, or requires Lender or any Participant to make payment calculated by references to the amount of loans held or interest received by it, by an amount deemed material by Lender or any Participant, or
(iv) imposes or increases any capital requirement or affects the amount of capital required or expected to be maintained by Lender or any Participant or any corporation controlling Lender or any Participant, and Lender or any Participant determines that such imposition or increase in capital requirements or increase in the amount of capital expected to be maintained is based upon the existence of this Agreement or the Loans or Letter of Credit Accommodations hereunder, all of which may be determined by Lender's reasonable allocation of the aggregate of its impositions or increases in capital required or expected to be maintained, and the result of any of the foregoing is to increase the cost to Lender or any Participant of making, renewing or maintaining the Loans or Letter of Credit Accommodations, or to reduce the rate of return to Lender or any Participant on the Loans or Letter of Credit Accommodations, then upon demand by Lender, Borrowers shall pay to Lender, and continue to make periodic payments to Lender or any Participa...
Compensation Adjustment. The Executive’s annual base salary shall be reviewed annually by the Committee and may be adjusted upward at the sole discretion of the Committee.
Compensation Adjustment. The Base Salary and Executive’s other compensation will be reviewed by the Board of Directors of the Company (the “Board”) at least annually and may be increased (but not decreased) from time to time as the Board may determine.
Compensation Adjustment. The base salary, fringe benefits and any other compensation are subject to review by EMPLOYER at any time in its discretion, at which time EMPLOYER, in its sole discretion, may elect to adjust or modify same.
Compensation Adjustment. (a) If after the date of this Agreement the introduction of, or any change in, any law or any governmental rule, regulation, policy, guideline or directive (whether or not having the force of law), or any interpretation thereof, or compliance by Agent or Lenders therewith:
(i) subjects either Agent or Lenders to any tax, duty, charge or withholding on or from payments due from Borrowers (excluding franchise taxes imposed upon, and taxation of the overall net income of, Agent or Lenders), or changes the basis of taxation of payments, in either case in respect of amounts due it hereunder, or
(ii) imposes or increases or deems applicable any reserve requirement or other reserve, assessment, insurance charge, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by Agent or Lenders, or
(iii) imposes any other condition the result of which is to increase the cost to Agent or Lenders of making, funding or maintaining the Loans or Letter of Credit Accommodations or reduces any amount receivable by Agent or Lenders in connection with the Loans or Letter of Credit Accommodations, or requires either of them to make payment calculated by reference to the amount of loans held or interest received by it, by an amount deemed material by Lenders, or
(iv) imposes or increases any capital requirement or affects the amount of capital required or expected to be maintained by Lenders or any corporation controlling Lenders, and either of Lenders determines that such imposition or increase in capital requirements or increase in the amount of capital expected to be maintained is based upon the existence of this Agreement or the Loans or Letter of Credit Accommodations hereunder, all of which may be determined by Lenders' reasonable allocation of the aggregate of its impositions or increases in capital required or expected to be maintained, and the result of any of the foregoing is to increase the cost to Agent or Lenders of making, renewing or maintaining the Loans or Letter of Credit Accommodations, or to reduce the rate of return to Agent or either of Lenders on the Loans or Letter of Credit Accommodations, then, within fifteen (15) days of demand by Agent or either of Lenders, Borrowers shall pay to Agent, and continue to make periodic payments to Agent, such additional amounts as may be necessary to compensate Agent and Lenders for any such additional cost incurred or reduced rate of return realized.
(b) A certifica...
Compensation Adjustment. Employees with accumulated sick leave to their credit shall turn over, or cause to be turned over, to the Board monies paid by the Workers’ Compensation Board other than lump sum settlements or disability pensions. The Board shall pay the employee(s) so affected their normal and regular pay. The difference between the employee’s pay and the Workers’ Compensation Board cheque shall be deducted from the employee’s accumulated sick leave credits.
Compensation Adjustment. Employer agrees that all options granted to Employee shall contain a provision to reimburse Employee, and Employer hereby agrees to reimburse Employee, against the effect of "golden parachute taxes" as follows:
Compensation Adjustment. The Company shall pay to the Participant an amount equal to the excise tax under Internal Revenue Code Section 4999 (as amended), if any, incurred by Participant by reason of any excess parachute payment under this Agreement as a result of the acceleration of option vesting hereunder because of a Change of Control as defined herein. In addition, the Company shall pay the Participant an amount equal to all excise taxes and federal, state and local income taxes incurred by the Participant as -6. a result of any payment made Attached to this Agreement as Exhibit [_] I " is an example. of the computation of such payments. Such payments shall be made no later than the date the Participant is required to pay the excise tax under Code Section 4999 or is required to remit amounts for withholding applicable to such excise tax. All determinations of amounts required to be paid under this paragraph 12 shall be made by the Company's independent accounting firm which shall provide detailed supporting calculations to the Company and the Participant. In computing taxes, the accounting firm shall use the highest marginal federal, state and local income tax rates applicable to the Participant. An example of the foregoing calculation is attached hereto as Exhibit "A."
Compensation Adjustment. 28 3.13 Changes in Laws and Increased Costs of Loans................ 29 SECTION 4. CONDITIONS PRECEDENT TO LOANS AND OTHER FINANCIAL ACCOMMODATIONS.............................30 SECTION 5. COLLATERAL.....................................................31
