Definition of Deferred Compensation Amount Sample Clauses

Definition of Deferred Compensation Amount. The Deferred Compensation Amount described in paragraph B above shall be the Partner's Deferred Compensation Percentage times the sum of the following amounts, if any, received by the Partnership as the same are shown on the books of the Partnership or as they exist from its case inventory on the last day of the month ending with or immediately preceding the date of determination of disability for six (6) months, retirement, withdrawal or death: accounts receivable when collected; work in progress on hourly rate and fixed fee files when billed and collected; all fees collected (net of referral fees) by the partnership on all contingency fee case files so long as such case files were open and in existence on the last day of the month ending with or before the determination of disability for a period of six (6) months, retirement, withdrawal or death; and all amounts collected for costs or other advances made by the partnership on client files which have not been deducted as business expenses. The partner's Deferred Compensation Percentage shall be the previous and current fiscal years' net profit divided by such previous and current years' gross receipts times that partner's percentage of partnership profits. It is understood and agreed that no amounts shall be included in computing the Deferred Compensation Amount unless good and sufficient funds for the same have been received by the partnership. In the case of disability for a period of twelve (12) months, it is agreed that the partnership shall have a credit against the Deferred Compensation Amount for all amounts defined under section (ii) of paragraph A hereof; provided, however, not more than one twenty-fourth (1/24) of such credit may be taken against any monthly installment as described in paragraph B hereof.
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Definition of Deferred Compensation Amount. The Deferred Compensation Amount described in paragraph B above shall be the Partner's Deferred Compensation Percentage times the sum of the following amounts, if any, received by the Partnership as the same are shown on the books of the Partnership or as they exist from its case inventory on the last day of the month ending with or immediately preceding the date of determination of disability for six (6) months, retirement, withdrawal or death:
Sample 1

Related to Definition of Deferred Compensation Amount

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Supplementation of Compensation Award ‌ If an employee is prevented from performing the employee's regular work with the City on account of an occupational accident that is recognized by the Workers' Compensation Board as compensable within the meaning of the Workers' Compensation Act, the City will supplement the award made by the Workers' Compensation Board for loss of wages to the employee by such an amount that the award of the Workers' Compensation Board for loss of wages (excluding non- economic loss payment), together with the supplementation by the City, will equal 100% of the employee's regular net wage (gross pay less statutory deductions, union dues and required benefit plan contributions). The said supplementation shall not be payable to any employee entitled to compensation after pension age if such an employee is entitled to an unreduced pension as provided under the Local Authorities Pension Plan or after the full age of 65 years if such an employee is not entitled to a pension. Subject to the foregoing limitation, the procedure to be followed in operating this policy shall be as follows:

  • Deferred Compensation Program ‌ Unit members shall continue to be eligible to join the County’s Deferred Compensation Plan. Said employees will be bound by the same Plan, rules and participation agreements as are generally applicable to other County employees. DSA acknowledges that County retains the right to alter, amend, or repeal the current plan, rules, and participation agreements, at any time. The County shall not charge an administrative fee to participating employees.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Tax-Deferred Earnings The investment earnings of your IRA are not subject to federal income tax until distributions are made (or, in certain instances, when distributions are deemed to be made).

  • 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.

  • Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation will be paid as follows:

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • 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.

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