Cost and Allowance Sample Clauses

Cost and Allowance. 2.1 Landlord shall submit to Tenant for Tenant’s approval a written estimate of the cost of Landlord’s Work (an “Estimate”). After obtaining the Estimate, Landlord and Tenant thereafter shall diligently consult to make such modifications to Landlord’s Work as Tenant determines are necessary to reduce the cost of Landlord’s Work. Within fifteen (15) business days after obtaining the Estimate, Landlord will obtain from the selected contractor final pricing for the Landlord’s Work (the “Final Pricing”) for Tenant’s approval. The Final Pricing shall be based on construction drawings prepared by Tenant’s architect, plus any further modifications requested by Tenant prior to Tenant’s approval of the Final Pricing. The Final Pricing shall not be modified except by a change order approved by Landlord and Tenant. 2.2 Within five (5) business days after Tenant’s approval of the Final Pricing, Landlord may require Tenant to deposit that amount of the amount of the Final Pricing which exceeds the Maximum TI Allowance (the “Tenant Deposit”). The Tenant Deposit shall be held by Landlord in escrow in a separate account as security for the payment of, and shall be credited, without interest, against the sums payable by Tenant under this Lease. Except for demolition work, which Landlord will diligently pursue upon complete execution of this Lease, Landlord shall not be required to commence its other work until the Tenant Deposit is received. 2.3 This Amendment and the rental rates provided for herein are premised on a total cost of Landlord’s Work not to exceed $857,307.00 (the “Maximum TI Allowance”, which consists of $314,867 attributable towards the Existing Premises and $542,440 attributable towards the First Expansion Premises), which may be allocated in its entirety to either the Existing Premises or the First Expansion Premises. The Maximum TI Allowance may be used any time prior to December 2013. The “cost of Landlord’s Work” includes, without limitation: 2.3.1 All costs and expenses actually incurred by Landlord pertaining to Landlord’s Work, including, but not limited to, costs charged by contractors, subcontractors and general and other conditions costs and expenses in connection with completing Landlord’s Work and otherwise preparing the Premises for occupancy; 2.3.2 All costs and expenses, including preparation of the plans as needed, for such construction, and site inspection and contract administration by consulting architects and/or engineers; 2.3.3 All cos...
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Cost and Allowance. (a) This Lease and the rental rates provided for herein are premises on a total cost of Landlord's Work not to exceed $212,850.00 ($10.00 per RSF) (the "Maximum TI Allowance"). The "cost of Landlord's Work" includes, without limitation:
Cost and Allowance. 2.1 Prior to commencing any of Landlord’s Work, Landlord shall submit to Tenant for Tenant’s approval a written estimate of the cost of Landlord’s Work (an “Estimate”). Landlord shall not be required to commence its work until Tenant has acknowledged its approval of the Estimate. 2.2 This Lease and the rental rates provided for herein are premised on a total cost of Landlord’s Work not to exceed $129,320 ($20 per rsf, the “Maximum TI Allowance”). The “cost of Landlord’s Work” includes, without limitation: 2.2.1 All costs and expenses actually incurred by Landlord pertaining to Landlord’s Work, including, but not limited to, costs charged by contractors and subcontractors, and general conditions costs and other costs and expenses in connection with preparation of the Premises for occupancy; 2.2.2 All costs and expenses of preparation of the plans for such construction, and site inspection and contract administration by Landlord’s consulting architects and/or engineers; 2.2.3 All costs of permits, licenses and other approvals required for the performance of Landlord’s Work; and 2.2.4 A construction management fee to Landlord of three percent (3%) of the total of all such costs under the foregoing Sections 2.2.1, 2.2.2 and 2.2.3. 2.3 If the total cost of Landlord’s Work exceeds the Maximum TI Allowance, then Tenant shall reimburse Landlord for such excess cost upon demand as additional rent hereunder.
Cost and Allowance. 2.1.1 Irrespective of whether Landlord or Tenant is to perform the Work, Landlord will cause design plans and specifications, the costs of which shall be deducted from the Maximum TI Allowance as hereinafter defined, to be promptly prepared for Tenant’s review and approval provided Landlord has received from Tenant sufficient input as to design criteria. Prior to commencing any of Landlord’s Work, Landlord shall submit to Tenant for Tenant’s approval a written estimate of the cost of Landlord’s Work (an “Estimate”). Landlord shall require Tenant to acknowledge its approval of the plans and the Estimate within five (5) business days after Landlord’s written request therefor. The amount, if any, by which the Estimate exceeds the Maximum TI Allowance is referred to as the “Excess Cost.” Landlord shall not be required to commence its work until such acknowledgment is received. 2.1.2 As noted above, the entire amount of the Excess Cost is the sole responsibility of Tenant. The Excess Cost shall be paid to Landlord by Tenant within thirty (30) days after Landlord’s Work is substantially complete, as additional rent under the Lease.

Related to Cost and Allowance

  • Aid Allowance An employee who has been appointed by the Employer and trained to render first aid and who is the current holder of appropriate first aid qualifications such as a certificate from the St. Xxxx's Ambulance or similar body shall be paid weekly an allowance as detailed in Appendix A. The Employer will always appoint the appropriate number of First Aid Officers as required by relevant legislation and Code of Practice.

  • First Aid Allowance An employee who has been trained to render first aid and who is the current holder of appropriate first aid qualifications such as a certificate from the St. John's Ambulance or similar body shall be paid a weekly allowance of $11.50 if appointed by their employer to perform first aid duty.

  • PAY AND ALLOWANCES 8.1 The regular rate of pay for each position in the bargaining unit shall remain as provided in the Salary Schedule found in Appendix A of this Agreement. 8.2 All employees in the bargaining unit shall be paid once per month. Checks will normally be delivered on the last working day of the month except if the normal pay date falls on a holiday the paycheck shall be issued on the preceding workday. 8.3 Any payroll error resulting in insufficient payment for an employee shall be corrected and a supplemental check issued not later than five (5) working days after the employee provides notice to the payroll department. 8.4 Any paycheck for an employee which is lost, or not delivered within five (5) days if mailed, shall be replaced as soon as practicable following the employees' notification to the payroll department of the check's disappearance. 8.5 Any employee who receives a change to a higher classification shall be placed on the appropriate range and step of the new classification which will insure at least a five (5) percent increase in pay as a result of the change in classification when step and range allows. 8.6 Any employee in the bargaining unit required to use his/her vehicle on District business shall be reimbursed at the rate approved by IRS per mile for all miles driven on behalf of the District. 8.7 Longevity schedule shall be as follows: 10 years of service, $25.00 monthly; 15 years of service, $35.00 monthly; 20 years of service $45.00 monthly; 25 years of service, $55.00 monthly; and 30 years of service at $65.00 per month shall be paid. 8.8 Employees working normally only on days when school is in session shall have their salaries computed on the number of paid days, including vacation and holidays, and paid in ten (10) equal payments unless otherwise requested by the employee. Days worked in excess shall be compensated at the regular or overtime rate whichever is applicable. 8.9 Any employee in the bargaining unit who, as a result of work assignment, must have meals or lodging away from the District shall be reimbursed for the full cost of the meals or be provided meals by the District. The guidelines for meals and lodging shall be based upon Board Policy #3350 and Regulation 3350. 8.10 The District will pay the agreed upon contribution to PERS for all classified regular employees working 20 hours per week or more. 8.11 Should the cost of the total PERS payment on behalf of covered employees in the classified service exceed 18.00% in any year, covered employees will pay any amount in excess of 18.00% not to exceed a total of 7.0%. Employees hired after July 1, 2011, shall pay the full employee share of PERS (seven percent – 7.0%). 8.12 Designation of 10, 11, and 12 Month Employees: Ten (10) month employees work either 149, 166, 180, 186, 190, 193, or 195 contract workdays. Eleven (11) month employees work either 200 or 205 contract workdays. Twelve (12) month employees work 260 contract workdays. 8.13 In any year where the work year consists of 261 possible workdays for twelve month employees, the work calendar for those employees shall be modified so that there totals only 260 days. One day shall be considered a non-work, non-paid day to be taken with the approval of the immediate supervisor. 8.14 The salary schedule for classified employees shall be increased by two percent (2%) effective July 1, 2018. In addition, an off-schedule bonus in the amount of three percent (3%) will be paid on the adjusted 2018/2019 salary schedule. Payment for the 2018-2019 year will be paid by June 30, 2019. One percent (1.0%) of the above referenced off-schedule bonus is in consideration for two (2) Professional Development Days added to the 2019-2020 work year. All employees will receive two (2) additional workdays at their normal rate of pay. This is clarified below: 12 month employees - 262 paid workdays at their normal rate of pay 11 month employees - 2 additional workdays at their normal rate of pay 10 month employees - 2 additional workdays at their normal rate of pay 8.15 The District shall provide a one percent (1.0%) off-schedule payment each year that the instructional calendar calls for 181 days of student instruction. 8.16 The salary schedule for classified employees shall be increased by three percent (3%) effective July 1, 2021. In addition, a one-time off schedule payment of $2,000 for employees whose contracted hours are 5 hours or more per day. Employees whose contracted hours are less than 5 hours per day shall receive a one-time payment of $1,000.00.

  • Tool Allowance (a) A tool allowance as set in the relevant Wage Tables in Appendix A per week shall be paid for all purposes to:- (i) Electrical workers at Grade EW 5 and beyond; (ii) Electrical workers performing the duties of: (A) Television Antenna Installer/Erector; (B) Television/Radio/Electronic Equipment Servicemen; and (iii) Apprentices - Contained within the relevant Apprentice Wage Rates.

  • Wages and Allowances The wages contained herein at Clause 7 – Wages Schedules will be in lieu of the wages described in other Appendices of this Agreement but are to be read in conjunction with Clause 4 of this Appendix. The allowances will apply as contained in Appendix A unless mentioned otherwise in this Appendix. 3.1 An employee working under this Appendix will receive the wage rates and allowances as described below when employed in the cottage sector/ commercial for service and maintenance only or as otherwise agreed by the parties, that is, the employer, the ETU and the majority of employees.

  • Boot Allowance The District will pay $180 toward the purchase and/or repair of work boots for District Employees listed in the District’s Work Apparel Policy and/or at the discretion of the employee’s department manager. Payment will be made by the first full paycheck of the employee’s date of hire and annually thereafter. Boots must meet applicable OSHA standards for the duties assigned.

  • Leading Hand Allowance A person appointed as a leading hand shall be paid at the rate of the undermentioned hourly amounts above the hourly rates of the highest classification supervised in accordance with the number of persons supervised. In charge of not more than one person $0.38 per hour In charge of two and not more than five persons $0.83 per hour In charge of six and not more than 10 persons $1.06 per hour In charge of more than 10 persons $1.41 per hour

  • Meal Allowance A shift worker who works a qualifying shift of eight hours or the rostered shift, whichever is the greater, and who is required to work more than one hour beyond the end of the shift (excluding any break for a meal) shall be paid a meal allowance of $7.95, or, at the option of the employer, be provided with a meal.

  • Shift Allowance In addition to the wage specified in sub-clause (1), read with sub- clause (12), a normal shift worker shall, in respect of his shift hours worked in any week, be paid an additional 12,5% on such wage.

  • Improvement Allowance a. Landlord shall contribute the Improvement Allowance towards the Improvement Costs in accordance with the terms of this Section. All Improvement Costs incurred by Landlord shall be deducted from the Improvement Allowance, and applied by Landlord to pay the Improvement Costs, as such costs are incurred. The Improvement Allowance shall remain available to be used by Tenant through October 31, 2014 (the “Allowance Expiration Date”). Any portion of the Improvement Allowance remaining undisbursed after the Allowance Expiration Date shall be retained by Landlord and Tenant shall not be entitled to any payment, Rent reduction or offset for any unused part of the Improvement Allowance. In no event shall Landlord be obligated to expend more than the Improvement Allowance. b. Prior to commencement of construction of any Initial Improvements, Landlord shall submit to Tenant a written estimate (the “Estimate”) of the Improvement Costs. The Estimate shall include “allowance(s),” defined as an estimate of cost for an item of work not sufficiently defined in the documents to allow a fixed price to be obtained by the general contractor for which the Improvement Costs are to be increased or decreased, respectively, by the precise amount that the actual cost of the allowance item is either in excess of or less than the amount of the allowance for that item. Tenant shall approve the Estimate in writing within five (5) business days of Tenant’s receipt thereof. If Tenant does not approve or disapprove the Estimate in writing within said period, Tenant shall be deemed to have approved the Estimate. Landlord shall be under no obligation to construct any of the Initial Improvements until Tenant has expressly approved the Estimate. c. If based on the Estimate, the Improvement Costs will exceed the Improvement Allowance, then prior to commencement of construction of any Initial Improvements, Tenant shall pay to Landlord one hundred percent (100%) of such projected excess amount. Landlord shall keep Tenant reasonably informed with respect to construction progress of the Initial Improvements, the occupancy of the Premises by Tenant and costs thereof. Landlord shall submit to Tenant monthly progress statements illustrating the cost to date of constructing the Initial Improvements. The statements of costs submitted to Landlord by Landlord’s contractors shall be conclusive for purposes of determining the actual cost of the items described therein. The amounts payable by Tenant hereunder constitute Rent payable pursuant to the Lease, and the failure to timely pay same constitutes a Default by Tenant as if Tenant shall have failed to pay Rent. Within ten (10) days after submission by Landlord of the foregoing statement, Tenant shall pay Landlord the amount, as set forth in such notice, by which the Improvement Costs exceeds the Improvement Allowance plus any amount previously paid by Tenant to Landlord. Landlord shall not disburse the Improvement Allowance until after Landlord disburses funds paid by Tenant for excess costs and provided that the Improvement Allowance is estimated to be sufficient to pay all remaining costs. Landlord shall disburse first the funds paid by Tenant and then the Improvement Allowance directly to the general contractor and to suppliers and subcontractors as Landlord deems appropriate. As soon as reasonably practical upon completion of the Initial Improvements, Landlord shall prepare and submit to Tenant a statement showing, in reasonable detail an accounting for the Improvement Costs and the total amount payable hereunder by Landlord to Tenant or Tenant to Landlord. Within ten (10) days after submission by Landlord of the foregoing statement, Tenant shall pay Landlord the amount, as set forth in such notice, by which the Improvement Costs exceeded the Improvement Allowance and any funds previously paid by Tenant to Landlord. If the Improvement Costs are less than the Improvement Allowance and any funds previously paid by Tenant to Landlord, then the excess funds previously paid by Tenant to Landlord shall be used to offset Base Rent; and Tenant shall not be entitled to any payment, Rent reduction or offset for any unused part of the Improvement Allowance. d. After the Improvement Allowance has been expended by Landlord, the principal amount of the Improvement Allowance, together with interest thereon calculated at the Default Rate, shall be amortized evenly over the Term, and so long as Tenant does not default in its monetary obligations under the Lease, and fail to cure such default within the applicable period of cure, if any, provided under this Lease, then the balance of the Improvement Allowance shall be reduced each month by the principal amount amortized each month, and upon Landlord’s receipt of the final payment of Rent due during the initial Term of this Lease, Tenant shall have no liability to Landlord for the repayment of any portion of the Improvement Allowance or the interest that accrued and was amortized over the initial Term of this Lease. In the event of an uncured Default by Tenant under this Lease, then in addition to all of Landlord’s other remedies available under this Lease, Tenant shalt also be liable to Landlord for the entire unreduced principal balance of the Improvement Allowance remaining as of the date of default, and interest on such balance shall accrue at the Default Rate.

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