Compensation Eligibility Sample Clauses

Compensation Eligibility. To be eligible for compensation the loan originator must fully comply with RESPA, TILA, TRID, HOEPA, the Fair Housing Act, and ECOA. Additionally, the originator must comply with all state and federal regulations as they apply to residential mortgages. Harmony conducts a quality control review on ALL funded loans and randomly completes top to bottom file audits. Originator will not be compensated for any funded transactions for which originator failed to follow acceptable professional and industry standards, for any loans that fail a quality control review/audit or for any loans found to contain fraud or misrepresentation. Xxxxxxx reports loan fraud to federal, state and local authorities
Sample 1
Compensation Eligibility. To be eligible for compensation the loan originator must fully comply with RESPA, TILA, TRID, HOEPA, the Fair Housing Act, and ECOA. Additionally, the originator must comply with all state and federal regulations as they apply to residential mortgages. Innovative conducts a quality control review on ALL funded loans and randomly completes top to bottom file audits. Originator will not be compensated for any funded transactions for which originator failed to follow acceptable professional and industry standards, for any loans that fail a quality control review/audit or for any loans found to contain fraud or misrepresentation. Innovative reports loan fraud to federal, state and local authorities and will prosecute offenders to the fullest extent of the law. Innovative Mortgage will clawback compensation where ill-gotten and as a consequence of early payoffs, payment default, and lender/investor recapture. Innovative retains the right and option to immediately clawback via ACH direct debit or to use the right of setoff against future or contemporaneous compensation.
Sample 1
Compensation Eligibility. To be eligible for compensation the loan originator must fully comply with RESPA, TILA, TRID, HOEPA, the Fair Housing Act, and ECOA. Additionally, the originator must comply with all state and federal regulations as they apply to residential mortgages. Harmony conducts a quality control review on ALL funded loans and randomly completes top to bottom file audits.
Sample 1
Compensation Eligibility. An employee who is terminated by an employer is eligible for compensation based on the following formula: - after 3 months consecutive employment, 1 week’s pay - after 1 year, two weeks’ pay, and - after 3 years, 3 weeks’ pay plus 1 week’s pay for each additional year of employment to a maximum of eight weeks. An employee’s period of continuous employment is not interrupted by the sale, lease or transfer of a business.
Sample 1
Compensation Eligibility. A student may be eligible for compensation in the event that ArtsEd is not able to preserve his or her continuity of study - please see paragraph 26. Any request for compensation must be made in writing to the Principal. Please refer to the Tuition Fee Refund and Compensation Policy for more details.
Sample 1

Related to Compensation Eligibility

  • Vacation Eligibility Subject to the provisions of Sections 3., 4., 8., and 9. hereof, vacations with pay shall be granted during the vacation year to each employee, except upon dismissal for misconduct, who shall have completed a period of six (6)-months’ employment since date of engagement or reengagement, whichever is later, and who has performed work for the Company within the vacation year, as follows: a. One (1) week’s vacation to any such employee who has completed six (6) months or more but less than twelve

  • Benefit Eligibility For purposes of the Benefit Plan entitlement, common-law and same sex relationships will apply as defined.

  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

  • Special Eligibility The following employees also receive an Employer Contribution:

  • Employee Eligibility For purposes of this section, “eligible employee” shall be defined by the Public Employees’ Medical and Hospital Care Act.

  • TAX LIMITATION ELIGIBILITY In order to be eligible and entitled to receive the value limitation identified in Section 2.4 for the Qualified Property identified in Article III, the Applicant shall: A. have completed the Applicant’s Qualified Investment in the amount of $30,000,000 during the Qualifying Time Period; B. have created and maintained, subject to the provisions of Section 313.0276 of the TEXAS TAX CODE, New Qualifying Jobs as required by the Act; and C. pay an average weekly wage of at least $1,185.50 for all New Non-Qualifying Jobs created by the Applicant.

  • Program Eligibility The COUNTY shall provide eligibility determination for those persons applying for home repair under this Agreement by using the following factors: 1. The applicant is a resident of the CITY; and 2. The total income for all members of the applicant’s household does not exceed 80% of the median income of the Kansas City metropolitan area, as determined by the Secretary of Housing and Urban Development; and 3. The applicant is the homeowner and must have occupied the property as a primary residence for at least six (6) months; 4. The property to be repaired is within the corporate limits of the CITY; and 5. When required, medical need will be substantiated and documented.

  • Overtime Eligibility An Employee must work at least fifteen (15) minutes beyond their normal shift before being eligible for overtime compensation.

  • Member Eligibility Verify Member eligibility contemporaneous with the rendering of services. BCBS will provide systems and/or methods for verification of eligibility and benefit coverage for Members. This is furnished as a service and not as a guarantee of payment;

  • Compensatory Time Eligibility The Employer may grant compensatory time in lieu of cash payment for overtime to an overtime-eligible employee, upon agreement between the Employer and the employee. Compensatory time must be granted at the rate of one and one-half (1-1/2) hours of compensatory time for each hour of overtime worked.

Most Referenced Clauses

Most Referenced Definitions