Excess Rdo Balances Sample Clauses

Excess Rdo Balances. Rostered Days Off which have accrued in excess of a 6 day balance shall be considered ‘excess RDOs’. Employees who have accrued excess RDOs and who, by mutual agreement, have ordinary hours of work rostered in accordance with clause 11 I (c) (ii) or (iii) or clause 11 II (c) (ii) or (iii) (that is, no accrual of RDOs), shall as the result of the introduction of this Agreement, have an opportunity to have these ‘excess RDOs’ or their full RDO balance paid out. In these circumstances, the employee shall not be entitled to take these RDOs as time off, but shall have them paid to the employee at the employee’s current rate of pay. Alternatively, employees who have accrued excess RDOs and who have ordinary hours of work rostered in accordance with clause 11 I (c) (i) or 11 II (c) (i) (that is, RDOs accrue), shall, as the result of the introduction of this Agreement, have 12 months from the date of lodgement in which to reduce the excess RDO balance down to a total of 6 RDOs (subject to these RDOs being taken at a time mutually agreed between the Company and the staff member). Should an excess RDO balance remain at the end of the 12 month period, these excess RDOs will be paid out to the employee at the employee’s current rate of pay (and the employee will not be entitled to take these RDOs as time off).
Sample 1
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Excess Rdo Balances 
Sample 1

Related to Excess Rdo Balances

  • Cut-Off Date Aggregate Principal Balance The Cut-Off Date Aggregate Principal Balance is $ 350,274,594.21.

  • Cash Balances Uninvested cash balances in my Account will be automatically swept into the Xxxxxx Xxxxx Money Market Fund according to my previous elections and authorizations relating to the treatment of cash balances. I understand and agree that the Xxxxxx Xxxxx Money Market Fund is offered by an Xxxxxx Xxxxx affiliate and, as a result, Xxxxxx Xxxxx has a financial incentive to select the Xxxxxx Xxxxx Money Market Fund as the available cash option, instead of a third-party cash product.

  • Original Class A Percentage The Original Class A Percentage is 96.09547893%

  • Negative Balances If your Stripe Account balance (or the Stripe Account balance of any User Group Entity) is negative, or does not contain funds sufficient to pay amounts that you (or a User Group Entity) owe to Stripe, its Affiliates or Customers, then without limiting Stripe’s rights under Sections 4.2 and 4.3 of the General Terms, Stripe may debit the User Bank Accounts by the amount necessary to collect, and pay out to Customers if applicable, the amounts you owe.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,006,549.92.

  • Credit Balances No interest or other amount will be paid by us on any credit balance on the Unallocated Account.

  • Cash Balance Within two (2) Business Days after the end of each Fiscal Month, Borrower will deliver a certificate reporting to Agent the Cash Balance as of the last day of the Fiscal Month just ended, which certificate shall be executed and certified by a Responsible Officer of the Borrower as true and correct; (d)

  • Net Receivables Balance Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves.

  • How Do I Correct an Excess Contribution? If you make a contribution in excess of your allowable maximum, you may correct the excess contribution and avoid the 6% penalty tax under Section 4973 of the Internal Revenue Code for that year by withdrawing the excess contribution and its earnings on or before the due date, including extensions, of the tax return for the tax year for which the contribution was made (generally October 15th). Any earnings on the withdrawn excess contribution may be subject to a 10% early distribution penalty tax if you are under age 59½. In addition, in certain cases an excess contribution may be withdrawn after the time for filing your tax return. Finally, excess contributions for one year may be carried forward and applied against the contribution limitation in succeeding years.

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