Distribution or Allocation of Funds Sample Clauses

Distribution or Allocation of Funds. The Unit’s proportionate share of such additional funds shall be applied in the following priority order: A.2.1 The cost of step increments for a contract year for SEIU members and any prior year step increment or other costs which were not adequately funded from prior years’ continuing funds; then A.2.2 Any increased District cost of providing disability insurance coverage, unemployment insurance coverage, or other increased payroll-related benefits to unit members in a contract year; then A.2.3 The increased cost over the prior year level of providing the District contribution for medical coverage up to the amount agreed to per Article A.2.3.1 For 2017-18, the maximum District contribution amount is currently established at $1,233.63 per month (12 month basis). The contribution level is only made up to the premium level for the plan selected. A. 2.3.1.1 The District will contribute to an H.S.A. plan for regular employees who select the Western Health Advantage (WHA HDHP) or Xxxxxx Health Plus High Deductible Health Plan (SHP HDHP). The contribution level for 2017-18 is either $100 per month or $150 per month, dependent upon single or family coverage, respectively. The contribution will remain in effect for the contract term unless the WHA HDHP or SHP HDHP is discontinued or as long as the HDHP premium, plus the HSA contribution, are less than or equal to the District contribution. A.2.3.2 The District carriers providing medical coverage to SEIU members in 2017-18 are: Kaiser Health Plan Xxxxxx Health Plus Western Health Advantage and the established District contribution will apply to any of the health plans selected by the unit member that are offered by the District as recommended by the Insurance Review Committee. The carriers in subsequent years will be determined by the Insurance Review Committee. A.2.3.3 The contract year District contribution shall be provided to each participating full-time regular employee and as further defined in Section 12.1. A.2.4 The increased cost in a contract year, if any, for increasing the prior year District contribution for monthly dental premium up to the contract year monthly premium amount. For 2016-17, the District contribution level is currently established at $133.00 (12 month basis); A.2.4.1 The contract year District contribution for dental shall be provided to each participating full-time regular employee and as further defined in Section 12.2. A.2.5 Premium increases above $6.75 per month per participant (g...
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Distribution or Allocation of Funds. The Unit’s proportionate share of such additional funds as defined in A.1.1 through A.1.9 shall be applied in the following priority order:
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Distribution or Allocation of Funds. Unit members proportionate share of such additional funds shall be applied in the following priority order: A.9.1 The cost of step increments for 2005-06 for SEIU members and any 2004-05 step increment costs which were not adequately funded from 2004-05 continuing funds; then A.9.2 Any increased District cost of providing disability insurance coverage or unemployment insurance coverage to unit members in 2005-06; then A.9.3 The increased cost over the 2004-05 level of providing the District contribution for medical coverage up to the lowest premium level established by the District health carriers providing coverage to both SEIU unit members and other District employees in 2005-06. A.9.3.1 For 2005-06, the District contribution level for medical is currently $550.09 per month (12 month basis). A.9.3.2 The District carriers currently providing medical coverage to SEIU members are: Kaiser Health Plan Health Net Plan PacifiCare Health Plan and the established District contribution will apply to any one of the three (3) health plans selected by the unit member or other plans that are recommended by the District Insurance Review Committee; A.9.3.3 The 2005-06 District contribution shall be provided to each participating full-time regular employee and as further defined in Section 12.1. A.9.4 The increased cost in 2005-06, if any, for increasing the 2004-05 District contribution for monthly dental premium up to the 2005-06 monthly premium amount. For 2005-06, the District contribution level is currently $104.73 (12 month basis); A.9.4.1 The 2005-06 District contribution for dental shall be provided to each participating full-time regular employee and as further defined in Section 12.2. A.9.5 One-half the cost of the initial premium of $7.00 per month per participant (guaranteed for three years) for $50,000 in term life insurance and accidental death and dismemberment coverage. A.9.6 The annual cost of the additional shift differential/range provided to eligible unit members per Section 11.7; then A.9.7 Remaining funds shall be combined with the units proportionate share of available growth funds (Attachment 1) to be used to compute the salary and payroll-related fringe benefit improvements (continuous or one-time-only improvements) on an annual basis for 2005-06 and shall be effective for services rendered as of July 1, 2005. The cost of any salary schedule improvements provided in advance of the final determination of revenues available to SEIU shall be conside...
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Distribution or Allocation of Funds. SEIU unit members shall receive their proportionate share of such increased revenues which shall be applied in the same priority order as listed in Section A.9 of Appendix A, except that any previous years' continuing costs of SEIU unit members funded from one- time-only revenues in the previous year and/or advanced by the District as defined in Section A.24, shall have first priority.
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Distribution or Allocation of Funds. Unit members’ proportionate share of such additional funds shall be applied in the following priority order: A.2.1 The cost of step increments for 2011-12 for unit members and any prior year step increment costs which were not adequately funded from previous year’s continuing funds; then A.2.2 Any increased District cost of providing disability insurance coverage or unemployment insurance coverage to unit members in 2011-12; then A.2.3 The District contribution cost increases for medical coverage up to the lowest premium level established by the District health carriers in 2011-12. A.2.3.1 In 2011-12, the maximum District contribution amount is currently established at $860.23 per month (12 month basis). The District carriers currently providing medical coverage to LRCEA members are: Kaiser Health Plan HealthNet Plan A.2.3.2 The District contribution as defined in A.2.3.1 shall be provided to each participating regular employee who works fifty percent (50%) or more of regular full-time and as further defined in Article 10 of this Agreement. A.2.4 The increased cost in 2011-12 for the District contribution for monthly dental premiums up to the 2011-12 monthly premium amount. For 2011-12, the District contribution level is currently established at $117.80 (12 month basis). A.2.4.1 The 2010-11 established District contribution of $117.80 per month or as increased pursuant to A.2.4 shall be provided to each participating regular employee who either works full-time or works at least fifty percent (50%) or more of regular full-time and as further defined in Article 10. A.2.5 Premium increases above the premium of $5.75 per month per participant (guaranteed for three years) for $50,000 in term life insurance and accidental death and dismemberment coverage. A.2.6 Remaining funds shall be combined with the unit’s proportionate share of Available Growth Fund calculations (Attachment 1) and provided as a retroactive salary improvement for 2011-12 unless the District and the Unit agree to defer remaining funds to 2012-13. The cost of any salary schedule improvements provided in advance of the final determination of revenues available to LRCEA shall be considered in the retroactive salary calculations. Any salary and payroll-related fringe benefit improvements (continuous or one- time-only improvements) shall be effective for services rendered as of July 1, 2011.
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Distribution or Allocation of Funds. Unit members' proportionate share of such additional funds shall be applied in the following priority order: A.2.1 The cost of step increments for a contract year for unit members and any prior year step increment costs which were not adequately funded from previous year’s continuing fund; then; A.2.2 Any increased District cost of providing disability insurance coverage, unemployment insurance coverage or other increased payroll-related benefits to unit members in a contract year; then; A.2.3 The District contribution cost increases for medical coverage up to the amount agreed per Article 11.2 for a contract year. A.2.3.1 In 2014-15, the maximum District contribution amount is currently established at $1,101.50 per month (12 month basis). A.2.3.2 The District contribution as defined in A.2.3.1 shall be provided to each participating regular unit member as defined in Article 11 of this Agreement. The contribution level is only made up to the premium level for the plan selected. A.2.3.3 For 2014-15, the District will contribute to a Health Savings Account (H.S. A.) for regular unit members who select the Western Health Advantage High Deductible Health Plan (WHA HDHP). The contribution level is either $100 per month or $150 per month, dependent upon single or family coverage, respectively. The contribution will remain in effect for the contract term unless the WHA HDHP is discontinued or as long as the WHA HDHP premium plus the H.S.A contribution is less than or equal to the District contribution. The
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Distribution or Allocation of Funds. The Unit’s proportionate share of such additional funds as defined in A.1.1 through A.1.9 shall be applied in the following priority order: A.2.1 The cost of step increments for a contract year for unit members and any prior year step increment or other continuing costs which were not adequately funded from prior years continuing funds; the unit shall bear the cost of step and longevity increments for all members except as follows. In the initial year of hire, if a member is placed on either of the highest two steps of the LRSA schedule and/or is entitled to a longevity increment(s) when placed, the District will provide to the unit resources to pay the portion of the placement cost associated with the highest two steps and/or the longevity increment(s). This exception applies to replacement hires only or for a new position when the new position is a conversion of an existing position. Increment costs associated with the reclassification or promotion of an existing member, or from a growth position, shall not be included in the determination of the amount provided by the District; then, A.2.2 Any increased District cost of providing disability insurance coverage, unemployment insurance coverage, or other increased payroll-related benefits to unit members in a contract year; then A.2.3 The increased cost over the prior year level of providing the District contribution for medical coverage up to the amount agreed to per Article 10.
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Distribution or Allocation of Funds. Unit members proportionate share of such additional funds shall be applied in the following priority order: A.2.1 The cost of step increments and class changes for 2011-12 for unit members and any prior year step increment costs which were not adequately funded from previous year’s continuing funds; then A.2.2 The increased District cost in 2011-12 of providing Medicare coverage to members and other increased payroll related benefits such as disability insurance coverage, Social Security or unemployment coverage. A.2.3 The District contribution cost increases for medical premiums for eligible adjunct faculty who are jointly employed by Los Xxxx and Sierra Community College Districts as described in Section 3.3.5. A.2.4 The increased cost over the 2010-11 level of providing the District contribution level up to the lowest premium level established by the District health carriers in 2011-12. A.2.4.1 The District carriers currently providing coverage to LRCFT members are: Kaiser Health Plan Health Net Plan A.2.4.2 The 2010-11 District contribution for Health Net and Kaiser Health Plan is established at $$746.66 per month on a twelve- month basis and shall remain at this level until sufficient continuing funds allow for an increase.However, the District contribution level will be reduced to the actual premium level established by these carriers if the 2011-12 monthly premium is less than $746.66. A.2.5 The cost in 2011-12 for increasing the District contribution for the monthly dental premium. A.2.5.1 For 2010-11; the District contribution level for dental coverage is established at $117.80 per month (twelve month basis); A.2.6 Any increase in the premium cost above the current premium of $5.60 for $50,000 term life insurance, accidental death and dismemberment coverage. A.2.7 Non-credit revenues identified in accordance with Section 4.6.2, which are set aside for non-credit unit members workload adjustments; then A.2.8 The cost to improve stipend amounts at the rate of the continuing salary schedule improvements and increased for Department Chair stipends and reassigned time assignments; then A.2.9 The incremental cost increase of parking fees reimbursed to unit members in the preceding academic/contract year as defined per Section 3.9; then A.2.10 The increased cost for compensating adjunct faculty for office hours; then A.2.11 The cost to fund additional Type B Leaves as defined in Section 11.6.8. A.2.12 The costs defined in this article require “continuing...
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Distribution or Allocation of Funds. LRCFT unit members shall receive their proportionate share of such increased revenues which shall be applied in the same priority order as listed in Section A.2 of Appendix A provisions, except that any previous year’s continuing costs of LRCFT unit members funded from one-time-only revenues in that year shall have first priority. B.2.1 Summer term salaries will not be retroactively improved for any continuing or one-time-only salary schedule improvements. Summer term salaries will continue to be paid from the interim salary schedule from the fiscal year preceding the term. However, Summer term salary improvements due to a continuing improvement of Schedule B are provided for in the determination of the use of continuing resources for the fiscal year preceding the Summer term.
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Related to Distribution or Allocation of Funds

  • Distribution of Funds Deliver (i) to Seller, or order, the cash portion of the Purchase Price, adjusted for prorations, charges and other credits and debits provided for herein; and (ii) to Buyer, or order, any excess funds delivered to Escrow Agent by Buyer. Such funds shall be delivered by wire transfer or cashier’s check in accordance with instructions for Seller and Buyer; if no instructions are given, Escrow Agent shall deliver such funds by Escrow Agent’s check via overnight courier (or as otherwise requested by the intended recipient) to the appropriate party at the address set forth for notice in this Agreement.

  • Allocation of Funds A. The Faculty Development Committee shall approve all applications for reassignment of duties that do not require additional funding and have been endorsed by the applicant’s Division. B. The Faculty Development Committee shall follow the guidelines established in consultation between the parties in deciding which applications for faculty development funding will be approved.

  • Application and Allocation of Payments (a) So long as no Event of Default has occurred and is continuing, (i) voluntary prepayments shall be applied as set forth in Section 1.2(a) and (ii) mandatory prepayments shall be applied as set forth in Sections 1.2(c) and 1.2(d). All payments and prepayments applied to the Revolving Loan shall be applied ratably to the portion thereof held by each Lender as determined by its Pro Rata Share (subject to Section 9.9(c)). As to any other payment, and as to all payments made when an Event of Default has occurred and is continuing or following the Commitment Termination Date, the Borrower hereby irrevocably waives the right to direct the application of any and all payments received from or on behalf of the Borrower, and hereby irrevocably agrees that Agent shall have the continuing exclusive right to apply any and all such payments against the Obligations as Agent may deem advisable notwithstanding any previous entry by Agent in the Loan Account or any other books and records. In all circumstances, after acceleration or maturity of the Obligations, all payments and proceeds of Collateral shall be applied to amounts then due and payable in accordance with Section 8.2(c). (b) Agent is authorized, at the direction of Requisite Lenders, to charge to the Revolving Loan balance on behalf of the Borrower and cause to be paid all Fees, expenses, Charges, costs (including insurance premiums in accordance with Section 5.4(a)) and interest and principal, other than principal of the Revolving Loan, owing by the Borrower under this Agreement or any of the other Loan Documents if and to the extent the Borrower fails to pay promptly any such amounts as and when due, even if the amount of such charges would cause the balance of the Revolving Loan to exceed the Maximum Amount. To the extent permitted by law, any charges so made shall constitute part of the Revolving Loan hereunder.

  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Distributions and Allocations (i) Subject to Section 8.6(c), the Redeeming Partner shall have no right to receive any distributions that are paid after the Specified Redemption Date with respect to any Partnership Units redeemed pursuant to this Section 8.6. (ii) If any Partnership Interest is redeemed (other than pursuant to Section 8.6(c)) on any day other than the first day of a Fiscal Year, then Profit, Losses, each item thereof and all other items attributable to such Partnership Interest for such Fiscal Year shall be divided and allocated to the Redeeming Partner by taking into account the Redeeming Partner’s ownership of such Partnership Interest during the Fiscal Year in accordance with Section 706(d) of the Code, using the interim closing of the books method (unless the General Partner, in its sole and absolute discretion, elects to adopt a daily, weekly or monthly proration period, in which event Profits, Losses, each item thereof and all other items attributable to such redeemed Partnership Interest for such Fiscal Year shall be prorated based upon the applicable method selected by the General Partner).

  • Distribution of Proceeds In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows: (a) First, to the payment of, or (as the case may be) the reimbursement of the Agent for or in respect of, all reasonable out-of-pocket costs, expenses, disbursements and losses which shall have been paid, incurred or sustained by the Agent in connection with the collection of such monies by the Agent, for the exercise, protection or enforcement by the Agent of all or any of the rights, remedies, powers and privileges of the Agent or the Lenders under this Agreement or any of the other Loan Documents or in support of any provision of adequate indemnity to the Agent against any taxes or liens which by law shall have, or may have, priority over the rights of the Agent or the Lenders to such monies; (b) Second, to all other Obligations and Hedge Obligations (including any interest, expenses or other obligations incurred after the commencement of a bankruptcy or other proceeding under any Insolvency Law) in such order or preference as the Majority Lenders shall determine; provided, that (i) Swing Loans shall be repaid first, (ii) distributions in respect of such other Obligations shall include, on a pari passu basis, any Agent’s fee payable pursuant to §4.2, (iii) in the event that any Lender is a Defaulting Lender, payments to such Lender shall be governed by §2.13, and (iv) except as otherwise provided in clause (iii), Obligations owing to the Lenders with respect to each type of Obligation such as interest, principal, fees and expenses and Hedge Obligations (but excluding the Swing Loans) shall be made among the Lenders and Lender Hedge Providers, pro rata, and as between the Revolving Credit Loans and Term Loans pro rata; and provided, further that the Majority Lenders may in their discretion make proper allowance to take into account any Obligations not then due and payable; and (c) Third, the excess, if any, shall be returned to the Borrower or to such other Persons as are entitled thereto.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Termination for Non-Allocation of Funds Renegotiate the Contract under the revised funding conditions; or

  • Limitation on Allocation of Net Loss To the extent that any allocation of Net Loss would cause or increase an Adjusted Capital Account Deficit as to any Holder, such allocation of Net Loss shall be reallocated (x) first, among the other Holders of Partnership Common Units in accordance with their respective Percentage Interests with respect to Partnership Common Units and (y) thereafter, among the Holders of other classes of Partnership Units as determined by the General Partner, subject to the limitations of this Section 6.4.A(vi).

  • Allocation of Proceeds If an Event of Default exists, all payments received by the Administrative Agent (or any Lender as a result of its exercise of remedies permitted under Section 3.3) under any of the Loan Documents, in respect of any Guaranteed Obligations shall be applied in the following order and priority: (a) to payment of that portion of the Guaranteed Obligations constituting fees, indemnities, expenses and other amounts, including attorney fees, payable to the Administrative Agent in its capacity as such, the Issuing Bank in its capacity as such and the Swingline Lender in its capacity as such, ratably among the Administrative Agent, the Issuing Bank and Swingline Lender in proportion to the respective amounts described in this clause (a) payable to them; (b) to payment of that portion of the Guaranteed Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable to the Lenders under the Loan Documents, including attorney fees, ratably among the Lenders in proportion to the respective amounts described in this clause (b) payable to them; (c) to the payment of that portion of the Guaranteed Obligations constituting accrued and unpaid interest on the Swingline Loans; (d) to payment of that portion of the Guaranteed Obligations constituting accrued and unpaid interest on the Loans and Reimbursement Obligations, ratably among the Lenders and the Issuing Bank in proportion to the respective amounts described in this clause (d) payable to them; (e) to the payment of that portion of the Guaranteed Obligations constituting unpaid principal of the Swingline Loans; (f) to payment of that portion of the Guaranteed Obligations constituting unpaid principal of the Loans, Reimbursement Obligations, other Letter of Credit Liabilities and payment obligations then owing under Specified Derivatives Contracts, ratably among the Lenders, the Issuing Bank, and the Specified Derivatives Providers and in proportion to the respective amounts described in this clause (f) payable to them; provided, however, to the extent that any amounts available for distribution pursuant to this clause are attributable to the issued but undrawn amount of an outstanding Letter of Credit, such amounts shall be paid to the Administrative Agent for deposit into the Letter of Credit Collateral Account; and (g) the balance, if any, after all of the Guaranteed Obligations have been paid in full, to the Borrower or as otherwise required by Applicable Law. Notwithstanding the foregoing, Guaranteed Obligations arising under Specified Derivatives Contracts shall be excluded from the application described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request, from the applicable Specified Derivatives Provider, as the case may be. Each Specified Derivatives Provider not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article XII for itself and its Affiliates as if a “Lender” party hereto.

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