Experience Payments Sample Clauses

Experience Payments. This clause only applies to Employees other than Dental Assistants employed by DHSV or
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Experience Payments. 99.1. The experience payments in clause 3.2 of Schedule F shall be added to the ordinary time rates of pay and paid for all purposes for all employees, other than: 99.1.1 Qualified interpreters/translators who are eligible for payment of the Interpreters Allowances in accordance with clause 103; and/or
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Experience Payments. In order to provide Provider with an incentive to sell ------------------- high quality Contracts to JMAC (but not as part of the Purchase Price to be paid for any Purchased Contract), Provider may earn an "EXPERIENCE PAYMENT," if any, based on the final performance of all Experience Pool Contracts (as defined in (a) JMAC's obligation to make an Experience Payment to Provider will arise if, at the end of any calender quarter ending on or after December 31, 1997, the cumulative total amount of all Collections (as defined below) received by JMAC on all Experience Pool Contracts in a General Experience Period Pool exceeds the sum (the "POOL BALANCE") of (i) the cumulative total of all amounts paid by JMAC for all Experience Pool Contracts in that General Experience Period Pool, plus (ii) an amount equal to 20% of the aggregate total of the amount financed by all Experience Pool Contracts in that General Experience Period Pool plus (iii) the cumulative total of all Experience Payments previously paid by JMAC with respect to that General Experience Period Pool. In such an event, JMAC will pay to Provider following the last business day of the quarter in which such excess occurs an amount equal to the product of (x) such excess times (y) the quotient of the aggregate total of the amounts financed by all Experience Pool Contracts sold by Provider in that General Experience Period Pool divided by the aggregate total of the amounts financed by all Experience Pool Contracts in that General Experience Period Pool. Following the last business day of each calendar quarter in which JMAC receives any Collections on Experience Pool Contracts in a General Experience Period Pool commencing with the quarter in which that General Experience Period Pool is "closed", JMAC will provide to Provider a statement detailing the computations reflected in this section with respect to that General Experience Period Pool. (b) As used in this Agreement, "Collections" means the difference between (i) all principal and interest received by JMAC on Experience Pool Contracts less (ii) all accrued interest (whether or not received by JMAC) on Experience Pool Contracts. Collections exclude late charges, returned check fees and other charges and fees that may be received on an Experience Pool Contract, including the reimbursement to JMAC of out-of-pocket collection costs, such as, but not limited to, attorneys fees and court costs. For purposes of the calculations set forth in this Section, amou...
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Experience Payments. 1The experience payments in clause 4 of Schedule E shall be added to the ordinary time rates of pay and paid for all purposes for all employees, other than:
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Experience Payments. The experience payments in Schedule 1B will be added to the ordinary time rates of pay and paid for all purposes.
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Related to Experience Payments

  • Experience Pay An employee hired by the Hospital with recent and related experience, may claim at the time of hiring on a form supplied by the Hospital consideration for such experience. Any such claim shall be accompanied by verification of previously related experience. The Hospital shall then evaluate such experience during the probationary period. Where, in the Hospital’s opinion such experience is relevant, the employee shall be slotted in that step of the wage progression consistent with one (1) year’s service for every one (1) year of related experience in the classification on the completion of the employee’s probationary period. It is understood and agreed that this shall not constitute a violation of the wage schedule of the Collective Agreement.

  • Income Payments Seller shall be entitled to receive an amount equal to all Income paid or distributed on or in respect of the Securities that is not otherwise received by Seller, to the full extent it would be so entitled if the Securities had not been sold to Buyer. Buyer shall, as the parties may agree with respect to any Transaction (or, in the absence of any such agreement, as Buyer shall reasonably determine in its discretion), on the date such Income is paid or distributed either (i) transfer to or credit to the account of Seller such Income with respect to any Purchased Securities subject to such Transaction or (ii) with respect to Income paid in cash, apply the Income payment or payments to reduce the amount, if any, to be transferred to Buyer by Seller upon termination of such Transaction. Buyer shall not be obligated to take any action pursuant to the preceding sentence (A) to the extent that such action would result in the creation of a Margin Deficit, unless prior thereto or simultaneously therewith Seller transfers to Buyer cash or Additional Purchased Securities sufficient to eliminate such Margin Deficit, or (B) if an Event of Default with respect to Seller has occurred and is then continuing at the time such Income is paid or distributed.

  • Experience Credit a. For the purpose of this article, a teacher teaching on call (TTOC) shall be credited with one (1) day of experience for each full-time equivalent day worked. b. One hundred seventy (170) full-time equivalent days credited shall equal one (1) year of experience.

  • EXPENSE PAYMENTS The Owner hereby gives power to the Agent to pay expenses and costs for the Property from the Owner’s funds held by the Agent, unless otherwise directed by the Owner. The expenses and costs may include, but are not limited to, property management compensation, fees and charges, expenses for goods and services, property taxes and other taxes, association or condominium dues, assessments, loan payments, and insurance premiums.

  • Lump Sum Payments The retiring allowance shall be paid in annual instalments, to a maximum of three

  • Company Payments (i) In the event that this Agreement is terminated pursuant to Section 8.1(f)(ii), within two (2) Business Days after demand by Parent, the Company shall pay to Parent a fee equal to $34,611,981.00 (the “Termination Fee Amount”) by wire transfer of immediately available funds to an account or accounts designated in writing by Parent. (ii) In the event that this Agreement is terminated pursuant to Section 8.1(e)(ii), concurrently with and as a condition to the effectiveness of such termination, the Company shall pay to Parent a fee equal to the Termination Fee Amount by wire transfer of immediately available funds to an account or accounts designated in writing by Parent. (iii) The Company shall pay to Parent a fee equal to the Termination Fee Amount, by wire transfer of immediately available funds to an account or accounts designated in writing by Parent, within two (2) Business Days after demand by Parent, in the event that (A) (1) this Agreement is terminated pursuant to Section 8.1(b) or (2) this Agreement is terminated pursuant to Section 8.1(d), (B) after the date of this Agreement and prior to such termination, an Acquisition Proposal shall have been publicly announced or shall have become publicly known, or shall have been communicated or otherwise made known to the Company and (C) within twelve (12) months following the termination of this Agreement, either an Acquisition Transaction (whether or not the Acquisition Transaction referenced in the preceding clause (B)) is consummated or the Company enters into a definitive agreement providing for an Acquisition Transaction (whether or not the Acquisition Transaction referenced in the preceding clause (B)). For purposes of this Section 8.3(b)(iii), all references to “15%” and “85%” in the definition of “Acquisition Transaction” shall be deemed to be references to “50%.” (iv) In the event that this Agreement is terminated pursuant to Section 8.1(b) hereof, within two (2) Business Days after demand by Parent, the Company shall pay to Parent an amount equal to eight million dollars ($8,000,000), by wire transfer of immediately available funds to an account or accounts designated in writing by Parent. (v) Notwithstanding the foregoing, in no event shall the aggregate amounts payable from the Company to Parent under this Section 8.3(b) exceed the Termination Fee Amount.

  • Salary Payments Salaries shall be paid fortnightly by direct credit to the employee’s nominated bank account except that individual employees may on religious or ethical grounds apply in writing to the Secretary for Education to be paid by cheque.

  • Overtime Payments Full-time and Part-time Employees

  • Interim Payments Interim payments may be made by Department, at its discretion, if the completion of deliverables to date have first been accepted in writing by Department's Grant Manager.

  • PRE-PAYMENT The Tenant shall: (check one)

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