Contractual Benefits Sample Clauses
The 'Contractual Benefits' clause defines the specific advantages, rights, or entitlements that one or both parties receive under the terms of the contract. This may include monetary payments, access to services, use of intellectual property, or other agreed-upon perks that arise from fulfilling contractual obligations. By clearly outlining what each party stands to gain, this clause ensures mutual understanding and helps prevent disputes over what benefits are owed, thereby promoting transparency and fairness in the contractual relationship.
Contractual Benefits. 6 On-call and temporary employees shall be entitled to only the following
Contractual Benefits. The Agreement will terminate when all of the Proponent's undertakings in regard to the contractual benefits mentioned in Schedule 4 have been fulfilled.
Contractual Benefits. You are entitled to all normal contractual benefits during paid Maternity Leave (except normal pay/salary and sick pay - see Section 4). The position during the unpaid period the contractual rights and obligations that will remain are those applicable as if the you had exhausted occupational sick pay. The main requirements would be: • Notice periods • Redundancy payments • Disciplinary and Grievance procedures • Duty of trust and confidence • Duty of good faith • Leave (see Section 4) All statutory rights will be upheld.
Contractual Benefits. 7.2 Advance Payment 7.3 Audit
Contractual Benefits. Advance Payment
Contractual Benefits. In consideration of the full and final -------------------- settlement and release of all Employee's potential claims and the performance of Services: Employer shall (i) pay Employee two payments of Eight Thousand Three Hundred Thirty-Three and 33/100 Dollars ($8,333.33) per month to be paid on the Employer's normal payroll dates during the months of January, February and March 2000 and one payment of Five Thousand and 02/100 Dollars ($5,000.02) to be paid on April 15, 2000 (for an aggregate of Fifty-Five Thousand Dollars ($55,000)); and (ii) effective January 3, 2000, forgive the unpaid principal amount and accrued and unpaid interest under the Commercial Promissory Note, dated May 4, 1999 having an original principal amount of One Hundred Fifty Thousand Dollars ($150,000), with Employee, as payor, and Employer, as payee, a copy of which is attached as Exhibit C.
Contractual Benefits coverages and benefits extended to insureds and specified in the Policy or Policies defined herein. Costs of Litigation or Arbitration – all costs and expenses, including attorney fees, incurred by a party in connection with the defense of a Dispute as defined herein. Covered Business – The Policies described in Schedule A – Covered Business attached hereto and made a part hereof. Dispute – A challenge by a claimant or an insured to (a) the denial of Contractual Benefits under a Policy; (b) the calculation of the amount or term of payment of such benefits; or (c) to any other matter arising under a Policy, whether through arbitration or litigation; or a challenge by the Reinsured to the Reinsurer’s decision regarding coverage of a particular Claim. Extra-Contractual Amounts – sums, damages or amounts above, beyond and/or outside of Contractual Benefits which may include, but are not necessarily limited to, fines, Statutory penalties, Punitive Damages, exemplary damages, Compensatory Damages, consequential damages, and an insured’s or claimant’s costs and expenses, including attorneys’ fees in pursuing litigation or arbitration. Facultative Reinsurance – Reinsurance of Policies that are written by the Reinsured and accepted by the Reinsurer in accordance with Article V – Acceptance of Reinsurance, sub-section 5.02. Groups – any employer or other group which submits an application for issuance of a Policy by the Reinsured. Gross Collected Premium – the total premium collected by the Reinsured on all Policies. Reinsurer – the Reinsurer under this Agreement.
Contractual Benefits. Binding Obligations Each party represent and warrants t the execution, delivery and performance of the Agreement have been duly and validly authorized and that when executed and delivered, the Agreement will constitute a legal, valid and binding obligation enforceable in accordance with its tem. The Agreement will terminate when all of the Proponent's undertakings in regard to the contractual benefits mentioned in Schedule 4 have bean fulfilled.
Contractual Benefits. 9 On-call and temporary employees shall be entitled to only the following 10 contractual benefits:
11 1. Payment at the minimum of Step 1 for the classification to which 12 the employee is hired,
13 2. Shift differential (Article 15.2),
14 3. Subject to the limitations of Article 13, section 6, subsection K, a 15 differential in lieu of benefits in the amount of two dollars ($2.00) per hour.
16 4. Overtime (Article 15.4), except that on-call nurses who work in 17 excess of eight (8) hours on a shift in a facility for which nurses are under the 18 supervision of corrections nursing shall be paid at the overtime rate of one and one- 20 not be paid twice to such employee for the same hours; and
21 5. Holiday compensation at one and one half (1 1/2) times the 22 normal hourly wage for the following holidays: 23 New Years Day; 24 4th of July; 25 Thanksgiving; and
Contractual Benefits. You will continue to receive all contractual benefits up to and including the Termination Date.