Extraordinary, Unplanned Expenses Sample Clauses

The "Extraordinary, Unplanned Expenses" clause defines how costs that are unexpected and not originally budgeted for are to be handled within an agreement. Typically, this clause outlines the process for identifying such expenses, sets thresholds for what qualifies as extraordinary, and may require prior approval from certain parties before incurring these costs. Its core function is to ensure that both parties are protected from unforeseen financial burdens and that there is a clear, agreed-upon method for addressing and allocating responsibility for unexpected expenditures.
Extraordinary, Unplanned Expenses. The District shall determine whether an extraordinary, unbudgeted, and unanticipated expense exceeding two and five tenths percent (2.5%) of the District’s adopted operating expense budget occurred. In the event that such an extraordinary, unbudgeted and unanticipated expense outside of the control of the District has occurred the District shall have no obligation to make a lump sum payment.
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Extraordinary, Unplanned Expenses. The District shall determine whether an extraordinary, unbudgeted, and unanticipated expense exceeding 2.5% of the District’s adopted operating expense budget occurred. In the event that such an extraordinary, unbudgeted, and unanticipated expense outside the control of the District has occurred, the District shall have no obligation to make a lump sum payment. The Parties understand that the Core System excludes various extension projects. Under the terms of the operating agreements governing the San Francisco Airport Extension, the Oakland Airport Connecter, and the VTA/BART Silicon Valley Berryessa Extension, BART fare revenue generated by riders using those extensions is dedicated to those extension projects. *The conditional lump sum payment provision above is based on the following ridership projections. BART’s Short Range Transit Plan (“SRTP”) Financial Model: Ridership Estimates projects the following ridership and related revenues: Average Weekday Core System FY18 FY19 FY20 FY21 Average Weekday Ridership Core System 378,380 387,990 395,940 402,314 % Growth over Prior Year 2.6% 2.5% 2.0% 1.6%
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Extraordinary, Unplanned Expenses. The District shall determine whether an extraordinary, unbudgeted, and unanticipated expense exceeding 2.5% of the District’s adopted operating expense budget occurred. In the event that such an extraordinary, unbudgeted and unanticipated expense outside the control of the District has occurred the District shall have no obligation to make a lump sum payment. The Parties understand that the Core System excludes various extension projects. Under the terms of the operating agreements governing the San Francisco Airport Extension, the Oakland Airport Connecter and the VTA/BART Silicon Valley Berryessa Extension, BART fare revenue generated by riders using those extensions is dedicated to those extension projects. *The conditional lump sum payment provision above is based on the following ridership projections. BART’s Short Range Transit Plan (“SRTP”) Financial Model: Ridership Estimates projects the following ridership and related revenues: Average Weekday Core System FY18 FY19 FY20 FY21 Average Weekday Ridership Core System 378,380 387,990 395,940 402,314 % Growth over Prior Year 2.6% 2.5% 2.0% 1.6% Upon expiration of the 2013-2021 agreements with ATU and SEIU should the unions negotiate changes to the conditional lump sum language in their collective bargaining agreements, including but not limited to, changes to the criteria for lump sum payment, those changes will also apply to BPMA following Board ratification of the ATU and SEIU agreements and said changes will be incorporated by reference herein in Section 45, Conditional Lump Sum Payment.
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Extraordinary, Unplanned Expenses. The District shall determine whether an extraordinary, unbudgeted, and unanticipated expense exceeding 2.5% of the District’s adopted operating expense budget occurred. In the event that such an extraordinary, unbudgeted and unanticipated expense outside the control of the District has occurred the District shall have no obligation to make a lump sum payment. The Parties understand that the Core System excludes various extension projects. Under the terms of the operating agreements governing the San Francisco Airport Extension, the Oakland Airport Connecter and the VTA/BART Silicon Valley Berryessa Extension, BART fare revenue generated by riders using those extensions is dedicated to those extension projects. *The conditional lump sum payment provision above is based on the following ridership projections. BART’s Short Range Transit Plan (“SRTP”) Financial Model: Ridership Estimates projects the following ridership and related revenues: Lieutenants assigned as Zone Commanders shall earn QPR incentive pay based upon successful achievement of the following BART Police Department Quarterly Performance Report (“QPR”) goals: • BART Police Presence • Crimes Against Persons • Auto Theft and Burglary • Average Emergency Response Time • Bike Theft • Quality of Life This incentive pay will be awarded quarterly only when four (4) or more of the QPR goals have been met or exceeded, and will be paid following the announcement of QPR results following each quarter. The pay schedule for this incentive pay is as follows: The Chief of Police shall review the incentive pay program at the beginning of each fiscal year (July) on an annual basis and may, at his/her sole discretion, adjust the criteria of the QPR goals that have to be met in order for the incentive pay to be awarded.
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Related to Extraordinary, Unplanned Expenses

  • Nonrecurring and Extraordinary Expenses Such nonrecurring or extraordinary expenses as may arise, including the costs of actions, suits, or proceedings to which the Fund is a party and the expenses the Fund may incur as a result of its legal obligation to provide indemnification to its officers, directors, and agents.

  • Payment of Extraordinary Education Related Expenses Section 5.1. PAYMENT OF EXTRAORDINARY EDUCATION-RELATED EXPENSES. In addition to the amounts determined pursuant to Articles IV and VI of this Agreement, Applicant on an annual basis shall also indemnify and reimburse District for all non-reimbursed costs, certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses directly and solely related to the project that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment caused directly by such project. Applicant shall have the right to contest the findings of the District’s external auditor pursuant to Section 4.9 above.

  • Extraordinary Services For any services other than those covered by the aforementioned, a special per hour charge will be made commensurate with the character of the service, time required and responsibility involved. Such services include but are not limited to excessive administrative time, attendance at closings, specialized reports, and record keeping, unusual certifications, etc.

  • Shared Expenses Owner acknowledges that certain economies may be achieved with respect to certain expenses to be incurred by Manager on behalf of Owner hereunder if materials, supplies, insurance or services are purchased by Manager in quantity for use not only in connection with Owner's business at the Property but in connection with other properties owned or managed by Manager or its affiliates. Manager shall have the right to purchase such materials, supplies, insurance (subject to the terms of this Agreement) and/or services in its own name and charge Owner a pro rata allocable share of the cost of the foregoing; provided, however, that the pro rata cost of such purchase to Owner shall not result in expenses that are either inconsistent with the expenses of other "U-Haul branded" locations in the general vicinity of the applicable Property or greater than would otherwise be incurred at competitive prices and terms available in the area where the Property is located; and provided further, Manager shall give Owner access to records (at no cost to Owner) so Owner may review any such expenses incurred.

  • Extraordinary Item of Compensation You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, the Award Agreement and this Addendum. As such, you acknowledge and agree that the Company may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The value of the Option is an extraordinary item of compensation outside the scope of your employment contract, if any. The Option is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer.