Contents of the Annual Plan Sample Clauses

Contents of the Annual Plan. The draft Annual Plan, in the form attached hereto as Schedule 1 (Form of Annual Plan), shall set forth: (a) For each Proposed Project anticipated to be initiated during the upcoming Billing Year (or, in the case of the first Billing Year, for the remaining portion of the current Billing Year): (i) the proposed Project Site; (ii) the total number of acres to be retrofitted for storm water management and the number of Impervious Area Credits to be received by the County once such Proposed Project is fully constructed and Accepted; (iii) the anticipated Construction Commencement Date; (iv) the anticipated Acceptance Date; (v) the Estimated Project Cost; (vi) based on the Estimated Project Cost, (A) the estimated Base Fee and (B) the estimated Incentive Fee; and (vii) the Maximum Design Cost. (b) A general description of steps anticipated to be taken in the applicable Billing Year with respect to each Budgeted Project and Approved Project. (c) The Social and Economic Development Program Requirements and the Maximum Annual Social and Economic Program Costs for the upcoming Billing Year (or, in the case of the first Billing Year, for the remaining portion of the current Billing Year). The Manager acknowledges and agrees that the Annual Plan, along with other information and documentation, is expected to be relied upon by the County in determining the amount of the aggregate funding needed for development and construction of the Proposed Project(s) for the upcoming Billing Year. Accordingly, in preparing the Annual Plan, the Manager shall use good faith estimates based on its current understanding of the relevant facts and circumstances for each Proposed Project. If the Parties cannot agree on the Estimated Project Cost for one or more Proposed Project(s), the County may elect, by delivering Notice to the Manager’s Authorized Representative, to (A) extend the date for approval of the Annual Plan, or (B) remove the Proposed Project(s) from the Annual Plan. In addition to those Proposed Project(s) to be initiated during the upcoming Billing Year, for overall Program planning purposes only, the draft Annual Plan may set forth a list of Proposed Projects contemplated to be initiated or developed during the remaining portion of the Term or the O&M Capital Project Period; provided, however, (i) only those Proposed Projects specified in the Annual Plan for initiation during the upcoming Billing Year shall be considered by the County in its approval of the Annual Plan i...
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Contents of the Annual Plan. The Annual Plan shall include: a) Actual numbers for previous year, current year and estimates for the next Operating Year, the CITY's two-year budget and the Golf Course’s long- term financial plan for the following items: (i) Gross Revenues separated into green fees, driving range fees, cart fees, lesson fees, merchandise revenue, resident cards, golf food and beverage revenue, banquet food and beverage revenue and tournament revenue, (ii) number of rounds played/projected categorized by weekday/weekend/holiday, time of day, rate, senior/non senior, residents/nonresidents, and tournament/daily rounds; b) Operating budget (the “Direct Cost Budget”) showing Golf Course and Food and Beverage Expenses for previous year, current year and estimates of all Golf Course Expenses for the next Operating Year, the CITY's two-year budget and the Golf Course’s long-term financial plan, including, but not limited to expenditures for: (i) labor, (ii) operations and maintenance, (iii) repairs, replacements, and alterations which do not constitute Capital Expenditures, (iv) Furnishings and Equipment and Cost of Goods Sold, and (iv) advertising, sales, and business promotion; c) Net Cash Flow Budget for previous year, current year and projected for the next Operating Year, the CITY's two-year budget and the Golf Course’s long-term financial plan. Net Cash Flow budget shall contain Gross Revenue and all expenses, including Direct Costs, other operating expenses, City administrative expenses, debt service, contributions to reserves based on the current Golf Course long-range financial plan, and Fixed and Incentive Management Fees; d) Course Maintenance Plan including a report of maintenance activities undertaken during the current year as well as projections for the next Operating Year(s) in accordance with the CITY’s two-year budget; e) Annual staffing plan outlining the number of employees and positions for the previous year, current year, next Operating Year, and the CITY’s two-year budget; f) Marketing and Promotion Plan for the Golf Course including a report of activities undertaken during the current year as well as projections for the next Operating Year(s) in accordance with the CITY’s two-year budget; g) Capital Expenditures for previous year, current year and budget for proposed Capital Expenditures (“Capital Budget”), as well as a proposed capital investment plan; h) Results of the Service Audit Program conducted in previous years and plans for the next Operating ...
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Contents of the Annual Plan. The Annual Plan shall include: a. Direct Cost Budget showing actual Golf Course Expenses for current Operating Year, current Operating Year’s adopted or amended budget, and estimates of all Golf Course Expenses for the next Operating Year. Direct Cost Budget shall take into account any payments made in the current Operating Year, and any forecasted payments to be made in the next Operating Year, from OPERATOR’s revenues from alcoholic beverage sales. For purposes of this Agreement, “Golf Course Expenses” means all costs and expenses incurred in the operation, management, and maintenance of the Golf Course, including: (a) all expenditures incurred by CITY for the benefit of the Golf Course; (b) all expenses specifically identified as "Direct Costs" in this Agreement; and (c) all other expenses incurred by OPERATOR in connection with the Golf Course or this Agreement (unless otherwise provided in this Agreement), which expenses were not reasonably anticipated by the parties or otherwise provided in this Agreement and which are consistent with the operation of a golf course;
Sample 1

Related to Contents of the Annual Plan

  • Base Annual Salary “Base Annual Salary” means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).

  • Death of the Annuitant If the Annuitant is not an Owner and dies prior to the Annuity Date, Owner 1 will become the new Annuitant unless you designate otherwise. If any Owner is not an individual, we will treat the death of the Annuitant as the death of an Owner.

  • Sick Leave Annual Cash Out ‌ Each January, employees are eligible to receive cash on a one (1) hour for four (4) hours basis for ninety-six (96) hours or less of their accrued sick leave, if: A. Their sick leave balance at the end of the previous calendar year exceeds four hundred and eighty (480) hours; B. The converted sick leave hours do not reduce their previous calendar year sick leave balance below four hundred and eighty (480) hours; and C. They notify their payroll office by January 31st that they would like to convert their sick leave hours earned during the previous calendar year, minus any sick leave hours used during the previous year, to cash. All converted hours will be deducted from the employee’s sick leave balance.

  • OPTIONAL TWELVE-MONTH PAY PLAN 1. Where the Previous Collective Agreement does not contain a provision that allows an employee the option of receiving partial payment of annual salary in July and August, the following shall become and remain part of the Collective Agreement. 2. A continuing employee, or an employee hired to a temporary contract of employment no later than September 30 that extends to June 30, may elect to participate in an Optional Twelve-Month Pay Plan (the Plan) administered by the employer. 3. An employee electing to participate in the Plan in the subsequent year must inform the employer, in writing, on or before June 15. An employee hired after that date must inform the employer of their intention to participate in the Plan by September 30th. It is understood, that an employee appointed after June 15 in the previous school year and up to September 30 of the subsequent school year, who elects to participate in the Plan, will have deductions from net monthly pay, in the same amount as other employees enrolled in the Plan, pursuant to Article B.8.5. 4. An employee electing to withdraw from the Plan must inform the employer, in writing, on or before June 15 of the preceding year. 5. Employees electing to participate in the Plan shall receive their annual salary over 10 (ten) months; September to June. The employer shall deduct, from the net monthly pay, in each twice-monthly pay period, an amount agreed to by the local and the employer. This amount will be paid into the Plan by the employer. 6. Interest to March 31 is calculated on the Plan and added to the individual employee’s accumulation in the Plan. 7. An employee’s accumulation in the Plan including their interest accumulation to March 31st shall be paid in equal installments on July 15 and August 15. 8. Interest earned by the Plan in the months of April through August shall be retained by the employer. 9. The employer shall inform employees of the Plan at the time of hire. 10. Nothing in this Article shall be taken to mean that an employee has any obligation to perform work beyond the regular school year.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Contract Duration and Annual Salary 1. The College hereby employs the Administrator in the capacity of Director - Marketing Services, Associate Professor for one year, commencing on July 1, 2024 and terminating on June 30, 2025. The Administrator accepts such employment on the conditions hereinafter set forth, and any applicable provisions of the Board of Trustees Policy Manual. In the event of conflict between Board Policy and this Contract, the Contract shall govern. 2. For the 2024-2025 contract year, the Administrator shall receive an annual salary of $178,054.00 subject to applicable deductions, to be paid in bi-weekly installments as full compensation for all rights granted and service performed under this Contract.

  • Cashing out annual leave The employee may, with the agreement of the employer, request in writing, to cash out up to two weeks of their annual leave during each 12 month period. Annual leave cannot be cashed out in advance of it being credited to the employee. Cashed out annual leave will be paid at the rate of pay that the employee receives at the time when the request is made.

  • Payment for annual leave (a) Before going on annual leave, an employee will be paid the amount of wages they would have received for ordinary time worked had they not been on leave during that period. (b) At the election of the employee such payments may be paid in accordance with the usual pay day relevant to the period of leave being taken.

  • To be Provided Annually but no later than December 1 i) Current complete address listing, ii) Details of all absences of members from the workplace due to an injury for which the member received Workplace Safety and Insurance Board benefits, iii) All approved leaves of absence including type of leave. Any additional information requests beyond that noted above may be provided, if possible, by the Employer at the expense of the Plan, unless the Employer is obligated by law to provide the information.

  • Cashing out of Annual Leave (a) Paid Annual Leave must not be cashed out except in accordance with an agreement under clause 41.8. (b) Each cashing out of a particular amount of paid Annual Leave must be the subject of a separate agreement under clause 41.8. (c) The Employer and an Employee may agree in writing to the cashing out of a particular amount of accrued paid Annual Leave by the Employee. An agreement this clause must state: (i) the amount of Annual Leave to be cashed out and the payment to be made; and (ii) the date on which the payment is to be made. (d) An agreement under clause 41.8 must be signed by the Employer and Employee and, if the Employee is under 18 years of age, by the Employee’s parent or guardian. (e) The payment must not be less than the amount that would have been payable had the Employee taken the Annual Leave at the time the payment is made. (f) An agreement must not result in the Employee’s remaining accrued entitlement to paid Annual Leave being less than four (4) weeks. (g) The Employer must keep a copy of any agreement under clause 41.8 as an Employee record.

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