First Tier. 1. Employees hired in a safety classification prior to October 10, 2012 shall be provided the 3% at 50 retirement formula as set forth in California Government Code Section 21362.2.
a. In accordance with existing practice and Government Code sections 20636(c)(4) and 20691, the City will pay the employees’ statutorily required member contribution of nine percent (9%) and report this Employer Paid Member Contribution (“EPMC”) to CalPERS as special compensation.
b. Effective the pay period that includes July 1, 2015, employees in the first tier shall have deducted a total of six percent (6%) of CalPERS reportable compensation, on a pre-tax basis, pursuant to Government Code Section 20516 (f).
c. The City has passed a resolution setting forth that all deductions or contributions under this Section shall be regarded as a pick-up of retirement costs pursuant IRC 414(h)(2).
d. First tier benefits are available only to “classic” members (i.e., those members that do not meet the statutory definition of “new member” under the California Public Employees’ Pension Reform Act (“PEPRA”), specifically Government Code section 7522.04(f) and who were hired prior to October 10, 2012).
First Tier. WFOE Account (subsidiary Cash Management): to the extent legally possible and commercially reasonable, each Obligor shall (and the Borrower shall procure that each other Group Member which is not a VIE Group Member will) ensure that any cash to which an Onshore Group Member (other than a VIE Group Member) is beneficially entitled is promptly paid or credited into a First Tier WFOE Account.
First Tier. LipoScience shall provide all first tier service support and failure analysis to LipoScience customers for the Vantera Analyzer, including the NMR Subsystem incorporated therein. First tier service support includes but is not limited to telephone support, Component replacement and recalibration of the NMR Subsystem. Replacement service parts shall be provided by Agilent at no additional cost during the applicable warranty period as set forth at Section 8.4 (and subject to all conditions and limitations set forth therein), and shall be purchased by LipoScience under Purchase Order thereafter. First tier support will be provided by LipoScience pursuant to agreements entered into by LipoScience and its customers.
First Tier. Full-time employees will receive an increment of $11.44 13 per semester unit, per month for each earned, approved unit of work 14 completed at an accredited university, college, or community college, 15 or other approved educational source up to a maximum of forty (40) 16 approved credited units. Units taken must improve an employee’s 17 present skills in their present job, allow the employee to acquire new 18 skills in a new job in the District to which the employee may wish to 19 advance, or for which the employee may be training, or be applicable 20 to a requirement for a degree program which the employee is pursuing.
First Tier. To the Members pro rata in proportion to each Member’s Percentage Interest until Investor has received distributions from Tranche I to generate an Investor IRR of [**]% with respect to the Tranche I Capital Contributions.
First Tier. Each Put Party will commit to purchase its entire pro-rata allocation of the Rights Offering. Second Tier: Thereafter, each of Solus and Brigade shall purchase New Preferred Stock not otherwise subscribed for in the Rights Offering in the following percentage amounts Solus 62.5% and Brigade 37.5% - until such time as Solus and Brigade have purchased Series A Preferred Stock in the second tier with an aggregate purchase price of Eight Million Dollars ($8,000,000). Third Tier: Thereafter, each of MFC, the Xxxxxxxxxxx Parties (on a several and not joint basis), Brigade and Solus shall purchase New Preferred Stock not otherwise subscribed for in the Rights Offering in the following percentage amounts MFC 35%, the Xxxxxxxxxxx Parties 15% (on a several and not joint basis), Brigade 25% and Solus 25% - until such time as each of the Put Parties has purchased its Preferred Stock Allocated Amount. Each Put Party shall be limited to its New Preferred Stock Allocated Amount and there shall be no over subscription right or obligation with respect to the New Preferred Stock. Allocations among the MFC entities, Xxxxxxxxxxx entities, Brigade entities and Solus entities in each tier shall be in proportion to their New Preferred Stock Allocated Amounts. This term sheet describes certain material terms of a financial restructuring of Greektown Holdings, L.L.C. and certain of its affiliates. This term sheet is non-binding and subject to negotiation of definitive documents. Until publicly disclosed with the prior written consent of each of the Holders (as defined below), this term sheet and the information contained herein is strictly confidential and may not be shared with any person. As used herein the following defined terms have the meanings set forth below:
First Tier. Each Put Party will commit to purchase its entire pro-rata allocation of the Rights Offering.
First Tier. 2 yr. Treasury Note Yield + 4.01 - 5.01 .....
First Tier. Residents residing in those First Tier zip codes which cover the District service area, as set forth in “Attachment B” attached hereto (“Local Residents”).
First Tier. Sapphire
7.1. This Tier is applicable to all new members and members who have earned up to 11 999 points during a period of two calendar years.
7.2. Members will automatically earn 0.5 Premier Points for every (One Rand) R1 spent on their total nett room account. This applies for charges relating to accommodation (if booked on a qualifying rate code), as well as food and beverage and sundries when charged to the room account. This excludes and is accordingly not applicable for walk-ins at Restaurants.
7.3. Members are afforded a 10% discount on the Best Available Rate for nights booked through Central Reservations, directly at the hotel or resort or via the website xxx.xxxxxxxxxxxxx.xx.xx.
