Employee Charges Sample Clauses

Employee Charges. Executive authorizes the Company to deduct from Executive’s Base Salary or business expense reimbursements and to reduce the Severance Pay by the amount of any outstanding Employee Charges. Executive further agrees that if any Employee Charges remain outstanding after such deduction or reduction, Executive shall be indebted to the Company for such amount and shall promptly repay such amount.
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Employee Charges. The parties agree that as of the Offer Date there are no outstanding Employee Charges. “Employee Charges” are any amounts Employee owes to the Company for advances, overpayments, and any other charges due from Employee to the Company, including without limitation charges for personal telephone calls or travel expenses, travel advances, personal courier and postal charges, personal copying charges, personal charges on any company credit card issued to Employee, excess paid leave time taken, and other charges that may arise out of the application of Company policies.
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Employee Charges. Each Participating Party in an Project Team shall recover the Costs of employees, including expatriates, assigned to or working under the direction of the Project Team through direct charges to the Joint Account under Exhibit “C” (Accounting Procedure) of the Operating Agreement.
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Employee Charges. Subject to the conditions of this section, Xxxxxx authorizes the Company to deduct from Xxxxxx’x pay or business expense reimbursements and to reduce any payments and benefits owing to Xxxxxx by the amount of any outstanding and unpaid Employee Charges (as defined below), except to the extent such offset is not permitted under Section 409A of the Internal Revenue Code without the imposition of additional taxes or penalties on Xxxxxx. Xxxxxx further agrees that if any Employee Charges remain outstanding and unpaid after such deduction or reduction, Xxxxxx shall be indebted to the Company for such amount and shall promptly repay such amount. “Employee Charges” are any amounts Xxxxxx owes to the Company for advances, overpayments, and any other charges due from Xxxxxx to the Company, including without limitation charges for personal telephone calls or travel or entertainment expenses, travel or entertainment advances, personal courier and postal charges, personal copying charges, and other charges that may arise out of the application of Company policies. Notwithstanding the foregoing, no such deduction or reduction shall be made and no such indebtedness shall be created with respect to items (i) not identified by the Company to Xxxxxx in writing prior to the date that is thirty (30) days prior to the Final Payment Date;
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Employee Charges. Subject to the conditions of this section, Xxxxxx authorizes the Company to deduct from Xxxxxx’x pay or business expense reimbursements and to reduce any payments and benefits owing to Xxxxxx by the amount of any outstanding and unpaid Employee Charges (as defined below), except to the extent such offset is not permitted under Section 409A of the Internal Revenue Code without the imposition of additional taxes or penalties on Xxxxxx. Xxxxxx further agrees that if any Employee Charges remain outstanding and unpaid after such deduction or reduction, Xxxxxx shall be indebted to the Company for such amount and shall promptly repay such amount. “Employee Charges” are any amounts Xxxxxx owes to the Company for advances, overpayments, and any other charges due from Xxxxxx to the Company, including without limitation charges for personal telephone calls or travel or entertainment expenses, travel or entertainment advances, personal courier and postal charges, personal copying charges, and other charges that may arise out of the application of Company policies. Notwithstanding the foregoing, no such deduction or reduction shall be made and no such indebtedness shall be created with respect to items (i) not identified by the Company to Xxxxxx in writing prior to the date that is thirty (30) days prior to the Final Payment Date; (ii) for which Xxxxxx was not given a minimum of fourteen (14) days after receipt of the writing identifying the items to respond; and (iii) that Xxxxxx was not given a substantive opportunity to reasonably contest, provided that any final determination as to the imposition of Employee Charges shall be made by the Board, in good faith, after taking into account Xxxxxx’x arguments. Any dispute arising out of or relating to this Section 8 that is not resolved by Xxxxxx and the Company shall be submitted to arbitration in Charlotte, North Carolina in accordance with North Carolina law and the procedures of the American Arbitration Association with a single arbitrator, but only to the extent that the aggregate amount in dispute exceeds $100,000. The determination of the arbitrator shall be conclusive and binding on the Company and Xxxxxx and judgment may be entered on the arbitrator’s awards in any court having competent jurisdiction.
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Employee Charges. The charges in this section shall apply to the Services described in Schedules X-0, X-0, X-0, X-0, X-0, and A-6. For each employee of Trident engaged to perform Services under this Agreement, Entropic will pay to Trident a monthly charge (the “Employee Charge”) that is equal to: (1/12) * (the annual base salary for such employee) * (150%) * (the Time Increment for such Employee) a. 150% is markup for fringe benefits, building and utilities, and supervisory/overhead costs
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Related to Employee Charges

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2. (a) All wages, salaries and other compensation paid to employees of the Project, including, but not be limited to, unemployment insurance, social security, worker's compensation, employee benefit packages and other charges imposed by a governmental authority or provided for in a union agreement, shall (a) as to employees of Manager or any Subcontractor, be reimbursed by Owner to Manager (or directly to the applicable Subcontractor, if requested by Manager) without profit or mark-up, and (b) as to employees of Owner, be paid directly by Owner. Xxnager shall coordinate all disbursements and deposits for all compensation and other amounts payable with respect to persons employed in connection with the operation of the Project from an appropriate Project Account. Manager shall maintain complete payroll records for all employees. (b) In addition to the employment of employees set forth on Schedule 3, Manager may, in its discretion, from time to time employ personnel of its general operations to perform direct special services for the benefit of the Project; provided, however, that Manager shall obtain the prior approval of Owner for the employment of such special personnel, except in emergency situations or when timing requirements do not allow for such prior approval. Owner shall reimburse Manager for such direct services rendered by special personnel in an amount commensurate with normal and customary charges for such services by similarly qualified persons. Persons whose compensation may not be charged to Owner for services rendered to the Project includes the general asset management personnel of Manager who are not on-site of the Project.

  • Service Charges No service charge shall be made for any exchange or registration of transfer of Warrants.

  • Overtime and Premium Pay A nurse shall be paid at the rate of one and one- half (1½) times the nurse’s regular hourly rate of pay for all hours worked in any one category listed below, including statutory overtime pay under 9.4.1 or premium pay under 9.4.2 through

  • Bank Charges Borrowers shall pay to Agent, on demand, any and all fees, costs or expenses which Agent or any Lender pays to a bank or other similar institution arising out of or in connection with (i) the forwarding to any Borrower or any other Person on behalf of any Borrower, by Agent or any Lender, of proceeds of Loans made to Borrowers pursuant to this Agreement and (ii) the depositing for collection by Agent or any Lender of any check or item of payment received or delivered to Agent or any Lender on account of the Obligations.

  • Overtime Compensation 1. Except as provided in this section, Grantee will be responsible for any obligations of premium overtime pay due employees. Premium overtime pay is defined as any compensation paid to an individual in addition to the employee’s normal rate of pay for hours worked in excess of normal working hours. 2. Funds provided under this Contract may be used to pay the premium portion of overtime only under the following conditions: i. With the prior written approval of System Agency; ii. Temporarily, in the case of an emergency or an occasional operational bottleneck; iii. When employees are performing indirect functions, such as administration, maintenance, or accounting; iv. In performance of tests, laboratory procedures, or similar operations that are continuous in nature and cannot reasonably be interrupted or otherwise completed; or v. When lower overall cost to System Agency will result.

  • - Separation Allowances (a) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 9.08(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of twelve (12) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (b) Where an employee resigns later than 30 days after receiving notice pursuant to Article 9.08(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of four (4) weeks' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars."

  • User Charges 1. User charges that may be imposed by the competent charging authorities or bodies of each Party on the airlines of the other Party shall be just, reasonable, not unjustly discriminatory, and equitably apportioned among categories of users. In any event, any such user charges shall be assessed on the airlines of the other Party on terms not less favorable than the most favorable terms available to any other airline at the time the charges are assessed. 2. User charges imposed on the airlines of the other Party may reflect, but shall not exceed, the full cost to the competent charging authorities or bodies of providing the appropriate airport, airport environmental, air navigation, and aviation security facilities and services at the airport or within the airport system. Such charges may include a reasonable return on assets, after depreciation. Facilities and services for which charges are made shall be provided on an efficient and economic basis. 3. Each Party shall encourage consultations between the competent charging authorities or bodies in its territory and the airlines using the services and facilities, and shall encourage the competent charging authorities or bodies and the airlines to exchange such information as may be necessary to permit an accurate review of the reasonableness of the charges in accordance with the principles of paragraphs 1 and 2 of this Article. Each Party shall encourage the competent charging authorities to provide users with reasonable notice of any proposal for changes in user charges to enable users to express their views before changes are made. 4. Neither Party shall be held, in dispute resolution procedures pursuant to Article 14, to be in breach of a provision of this Article, unless (a) it fails to undertake a review of the charge or practice that is the subject of complaint by the other Party within a reasonable amount of time; or (b) following such a review it fails to take all steps within its power to remedy any charge or practice that is inconsistent with this Article.

  • Company Payments (i) the Company shall pay to Parent in immediately available funds, within two (2) business days after demand by Parent, an amount equal to $5,000,000 (the "COMPANY TERMINATION FEE") if this Agreement is terminated by Parent pursuant to Section 7.1(h). (ii) the Company shall pay Parent in immediately available funds, within two (2) business days after demand by Parent, an amount equal to the Company Termination Fee, if this Agreement is terminated by Parent or the Company, as applicable, pursuant to Section 7.1(b) or Section 7.1(d) as a result of the Company's failure to obtain the required approvals of the stockholders of the Company and any of the following shall occur: (1) if following the date hereof and prior to the termination of this Agreement, a third party has publicly announced (and not publicly and irrevocably withdrawn) a Company Acquisition Offer and within the Applicable Period (as defined below) a Company Acquisition (as defined below) is consummated; or (2) if following the date hereof and prior to the termination of this Agreement, a third party has publicly announced (and not publicly and irrevocably withdrawn) a Company Acquisition Offer and within the Applicable Period the Company enters into an agreement or letter of intent providing for a Company Acquisition. (iii) the Company acknowledges that the agreements contained in this Section 7.3(b) are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent would not enter into this Agreement; accordingly, if the Company fails to pay in a timely manner the amounts due pursuant to this Section 7.3(b) and, in order to obtain such payment, Parent commences a lawsuit that results in a judgment against the Company for the amounts set forth in this Section 7.3(b), the Company shall pay to Parent its reasonable costs and expenses (including reasonable attorneys' fees and expenses) in connection with such lawsuit, together with interest on the amounts set forth in this Section 7.3(b) at the prime rate of The Chase Manhattan Bank in effect on the date such payment was required to be made. Payment of the fees described in this Section 7.3(b) shall not be in lieu of damages incurred in the event of breach of this Agreement. For the purposes of this Agreement, "COMPANY ACQUISITION" shall mean any of the following transactions (other than the transactions contemplated by this Agreement): (i) a merger, consolidation, business combination, recapitalization, or similar transaction involving the Company pursuant to which the stockholders of the Company immediately preceding such transaction hold less than 50% of the aggregate equity interests in the surviving or resulting entity of or Parent Company involved in such transaction, (ii) a sale or other disposition by the Company of all or substantially all of its assets or (iii) the acquisition by any person or group (including by way of a tender offer or an exchange offer or issuance by the Company), directly or indirectly, of beneficial ownership or a right to acquire beneficial ownership of shares representing in excess of 50% of the voting power of the then outstanding shares of capital stock of the Company.

  • Employee Contribution Eligible employees shall contribute one percent (1%) of their salary on a per pay period basis to the HCSP.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

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