Discretionary Payment Sample Clauses
A Discretionary Payment clause gives one party the authority to make payments at their own discretion, rather than as a fixed obligation. In practice, this means the paying party can choose whether or not to provide funds, and may set conditions or limits on such payments, such as bonuses or additional compensation. The core function of this clause is to provide flexibility, allowing the paying party to reward or support the other party in specific circumstances without committing to mandatory payments.
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Discretionary Payment. Employee shall receive a one-time discretionary payment of $8,455.00, net of taxes, to assist with paying the COBRA medical premiums. This payment was calculated as the difference between the monthly COBRA premium rate of $1,198.86 for the Anthem Premium Medical Plan and the employee monthly premium deduction of $494.33 (($1,198.86 per month - $494.33 per month) X 12 months).
Discretionary Payment. The Compensation Committee of the CH2M HILL Board of Directors (“Compensation Committee”) approved a lump sum payment equal to $265,385.00 to ▇▇. ▇▇▇▇▇▇▇▇ to meet the agreed upon annual compensation for his term as Chairman of the Board. This amount (less applicable withholdings) shall be paid to ▇▇. ▇▇▇▇▇▇▇▇ on October 17, 2014.
Discretionary Payment. After the Effective Date and no later than December 31, 2015, Employee shall receive a one-time discretionary payment of $8,454.42, net of taxes, to assist with the payment of COBRA medical premiums.
Discretionary Payment. Discretionary payment shall mean: after Party A releases the loan funds to Party B’s account at the withdrawal request of Party B, Party B will pay such funds by itself to its counterparties of transactions which are in conformity with the purpose agreed herein.
Discretionary Payment. Employee shall receive a one-time payment equaling $20,522 on an after-tax basis to assist with healthcare continuation coverage. Such payment shall be made on the First Payday and not later than December 31, 2018.
Discretionary Payment. CITY, at its sole discretion, may pay CHAMBER an additional amount as reflected in the City Budget document. This amount will be evaluated annually through the CITY’s Budget process. This payment will be divided into four installments and made in conjunction with the Transient Room Tax payments. Should the CITY’s Proposed Budget include a reduction of 10% or more from the previous year, CITY shall notify CHAMBER at least ten (10) days prior to presentation to the CITY’s Budget Committee.
Discretionary Payment. Ten (10) percent of capital raised in coins or asset based, the commission will be paid out in Unicoins. Discretionary Payment to be issued based on performance, and solely at the discretion of the company.
Discretionary Payment. Notwithstanding the cumulative nature of dividends, the declaration and payment of dividends on the Preferred Shares shall be at the sole discretion of the Board of Directors, subject to the Company’s legal and financial ability to make such payments in compliance with applicable laws and regulations.
Discretionary Payment. Subject to your acceptance of this Agreement and your compliance with the terms set forth herein (including, but not limited to, the non-compete and non-disclosure provisions stipulated below), and the completion of the Term, you will be paid in December 2019 a discretionary pro-rata bonus for the period of January 1, 2019 through April 30, 2019 in an amount of no less than HK$700,000 (gross). Should the actual pro-rated bonus payable under the Company’s annual incentive program exceed the pro-rata bonus set forth in the prior sentence, the balance will be paid to you in February 2020 when the 2019 Team Factor result under the Company’s annual incentive program is confirmed by the Compensation Committee of the Board. The discretionary payment is subject to tax equalization for Hong Kong Tax withholding. By signing this Agreement, you agree during the Term and thereafter, not to use for your own or another’s advantage, or reveal to any person, firm, company or organization, and shall use your best endeavors to prevent the publication or disclosure of any of the trade secrets, business methods, computer systems or any information, in written or electronic form, (including strategic plans and annual operating plans but excluding any such information or data which enters the public domain except through default) which you knew or ought reasonably to have known to be confidential concerning the business or affairs of the Company or any of its affiliates, vendors or customers, so far as they came to your knowledge during your employment with the Company. The restriction in this clause shall not apply to any disclosure or use authorized by the management of the Company or required by law and it shall not apply so as to prevent you from using your own personal skill in any business in which you may lawfully engage (subject to clause hereunder) after your employment with the Company is terminated. In addition, the foregoing shall not limit your ability to report possible violations of law or regulation to, or file a charge or complaint with, the United States Securities and Exchange Commission.
Discretionary Payment. The Society may pay the Employee a Discretionary Payment which may be offered by the Society to Employee at the sole discretion of the Society