COMPENSATION, PAYMENT SCHEDULE, AND BOND Sample Clauses

COMPENSATION, PAYMENT SCHEDULE, AND BOND. A. The Theatre and the Designer shall agree on the fee to be paid the Designer for each covered service, as set forth in Article V, and such fee shall be stated in the Cover Sheet. B. The fee to be paid the Designer for each covered service shall in no event be less than the applicable minimum fee set forth in Schedule "C" annexed hereto and may be such greater amount as the Theatre and the Designer may agree upon. The applicable minimum fee shall be the minimum fee for the design category effective on the first public performance date of the production for which the covered service is rendered. C. The Theatre shall pay on time the agreed payment to the Designer according to the following schedule: 1. ONE-FOURTH (1/4) upon the signing by the Designer of the Cover Sheet. 2. TWO-FOURTHS (2/4) upon acceptance of the full set of drawings, sketches, and/or specifications sufficient to begin execution of the design as set forth in the rider required under Article VIII(B). 3. ONE-FOURTH (1/4) upon the scheduled termination date specified in the Cover Sheet. D. The Designer when hired will be informed in writing as to the impact of State and Local taxes, if any, insofar as they are known to the Theatre. E. Should the Theatre default in payments to or on behalf of the Designer, the UNION shall give prompt notice thereof to LORT's General Counsel. Should the default not be cured within THIRTY (30) days of receipt of such notice, the UNION may require the Theatre to post bond for subsequent productions of no less than the minimum rates for all THREE (3) design categories for no less than TWO (2) productions, and may then require a separate security agreement to be executed by the UNION and the Theatre. If the default is cured, and no further default occurs for TWELVE (12) months following the posting of bond, at the Theatre's request, XXXX's General Counsel may apply to the UNION to lift the bond requirement, and said application shall not be unreasonably denied. F. The Theatre will provide the UNION, on the agreed-upon SEASONAL INFORMATION FORM, with a schedule of all known covered productions for the ensuing season THIRTY (30) days in advance of the commencement of the season.
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COMPENSATION, PAYMENT SCHEDULE, AND BOND. A. Assistant Designers shall be compensated on a salary basis only. B. Commencing with the first week of public performances the Designer shall receive Additional Weekly Compensation ("AWC") as listed in "Schedule 'A' – Rates". For the first twelve (12) weeks of public performances, the Designer shall be compensated at the weekly rate set forth in Schedule "A" as "for initial 12-week run". The Designer shall be paid the total amount due for said first twelve weeks of the run of the production at the end of the twelfth (12th) week. Thereafter, the AWC shall be paid on a weekly basis at the rate set forth in Schedule "A" as "if extended". Such payments may be prorated for less than full weeks.
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Related to COMPENSATION, PAYMENT SCHEDULE, AND BOND

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account. 8.4.2. Compensation shall not compensate the profit not received by the Client in the event that the Client had an intention to perform some action but has not performed it for some reason. 8.4.3. The Company shall not compensate non-pecuniary damage to the Client. 8.4.4. The Company adds a compensation payment to the Client trading account within one working day since the moment of making a positive decision on the dispute situation.

  • 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.

  • Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:

  • Retention Payment Subject to your compliance with Sections 6 and 7 of this letter agreement, if you remain an active full-time employee of the Company, Parent or any of their respective subsidiaries through the expiration of the 6-month period beginning on the day following the Closing Date (as defined in the Merger Agreement) (the “Vesting Date”), you will receive a cash payment equal to (i) the aggregate amount described in Section 6.2(a) of the Employment Agreement, determined as if your employment with the Company was terminated by the Company without Cause as of the Closing plus (ii) an amount equal to the portion of the premiums the Company would need to pay to provide you with the benefits under Sections 6.2(b) and (c) for the 12 month period following the Vesting Date, based on the premium costs in effect as of the Closing and assuming for this purpose that your employment terminated on the Vesting Date and that you timely elected to receive all such benefits, plus (iii) the Retention Bonus. The aggregate of these amounts will be paid to you in a lump sum on the third business day following the Release Effective Date (as defined below). You hereby agree that, notwithstanding anything contained in the Employment Agreement or any other agreement between you and the Company providing for severance or separation payments or benefits, you may either receive payment of amounts set forth in Section 2(a) or in Section 4, but in no event shall you be entitled to receive payment of both amounts; furthermore, you shall not be entitled to any severance or separation payments or benefits under the Employment Agreement (including under Sections 5 and 6 thereof) or under any other plan, program, policy, agreement or arrangement maintained by the Company, Parent or any of their respective affiliates, and all of your rights to such payments and benefits under the Employment Agreement and any such other plan, program, policy, agreement or arrangement will immediately terminate, in each case, except as otherwise provided herein. If you continue to be employed by Parent or its subsidiaries following the Vesting Date, you shall be eligible for severance benefits under either the applicable severance policy of Parent or one of its subsidiaries, as determined by Parent; provided, however, that you shall not receive credit for your service with Parent or the Company, or any of their respective subsidiaries, for the periods of employment that precede the Closing Date for any purpose under such policy, including eligibility, vesting or calculation of benefits.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Separation Payment An ASF Member shall be compensated at the final rate of pay for all unused, accumulated vacation, leave time upon separation from state service, or movement to a vacation ineligible position. An employee on an unpaid leave of absence of more than one (1) year for a purpose other than accepting an unclassified position in state civil service, or an employee on layoff that results in separation from service, may elect to be compensated at the final rate of pay for unused accumulated vacation leave. This accumulated vacation payout shall not exceed two hundred and seventy-five (275) hours, except in the case of the ASF Member's death. Calculation of an ASF Member's hourly rate for purposes of computing vacation separation payment shall be based upon a base of two thousand eighty-eight (2,088) working hours per year. Appointment periods of less than one (1) year in duration shall be prorated on this basis. Except as provided in Article 16, Section C, Subdivision 4 which pertains to the separation payment to retirees, the separation payment will be made in cash.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Additional Bonus Executive shall be eligible for such year-end bonus, which may be paid in either cash or equity, or both, as is awarded at the discretion of the Compensation Committee of the Board of Directors of the Company after consultation with the Company's Chief Executive Officer.

  • Call Back Compensation (a) Call back is an occasion where an employee has been released from duty and is called back to work prior to his/her normal starting time. On such occasions, the employee’s scheduled or recognized shift shall be made available for work, except that the Agency shall not be obligated to work the employee more than twelve (12) consecutive hours and the employee may choose not to work more than twelve (12) consecutive hours, excluding meal periods, of combined call back time and regular shift time. (b) An employee who is called back to work outside his/her scheduled workshift shall be paid a minimum of the equivalent of two (2) hours pay at the overtime rate of pay computed from when the employee actually begins work. After two (2) hours work, in each call back situation, the employee shall be compensated at the appropriate rate of pay for time worked. (c) This provision does not apply to telephone calls at home or overtime work which is essentially a continuation of the scheduled workshift.

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