Estimate of accrued income Sample Clauses

Estimate of accrued income. The Operator may expedite the withdrawal of the Client’s Account by paying, in favour of the Client, an estimate of any Accrued Income instead of waiting for the receipt of the actual income. The Operator may make this payment from the Prefunding Account. If the Operator under-estimates the Accrued Income then the Operator shall pay to the Client the difference between the estimate and the income eventually received by the Operator, less the amount of any fees and expenses which the Operator would have been entitled to deduct from the Client’s Account if it had stayed open. If the net amount resulting is $20 or less the Operator may also charge the Client an additional account closing fee equal to that net amount and may deduct this fee from the Account. Otherwise, payment of the estimate will discharge the Operator’s obligation to the Client in respect of the Accrued Income.
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Related to Estimate of accrued income

  • Rate of Accrual All full-time employees shall be credited with five (5) hours of paid sick leave per pay period.

  • Salary Overpayment Recovery A. When the Employer has determined that an employee has been overpaid wages, the Employer will provide written notice, via certified mail, to the employee that will include the following items:

  • Unused Sick Leave The accrual of unused sick leave hours is unlimited. The City and the Union commit to the evaluation and establishment of a mutually beneficial non-use of sick leave incentive and pay-out policy. Until such time that a policy is established, accumulated sick leave shall be compensated as follows: Upon retirement from the City service, an employee shall be paid sixty percent (60%) of his accumulated sick leave, with the rate of payment based upon his regular pay at the time he retires. Upon the death of an employee, his beneficiary shall be paid sixty percent (60%) of his accumulated unused sick leave, with the payment based upon his regular pay at the date of his death.

  • Banked Overtime In the event the day in lieu of working the statutory holiday is not provided as stipulated in 8.01.04, this portion may also be banked.

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