Funding and Incentives Sample Clauses

Funding and Incentives. Provincial Contribution Federal Contribution ❖ Federal Funding Federal funding is equal to 38% of the total program funding amount of any project and is provided as a forgivable capital loan that is available during the development and construction phase of the project. Federal funding may only be used to reduce the capital costs of a project. The per-unit federal capital contribution is $26,600 for a unit receiving the maximum combined federal and provincial contribution of $70,000 per unit. Funds will be flowed to the successful proponents as follows: A maximum of $70,000 per unit is available under the Canada-Ontario Affordable Housing Program (AHP): Rental and Supportive Housing Component. This is the combined contribution of both the Federal and Provincial governments: 62% Total Funding Level (maximum $43,400 per unit) (maximum $70,000 per unit) 38% (maximum $26,600 per unit) FEDERAL FUNDING (UP TO 38% OF THE MAXIMUM OF $70,000 PER UNIT = $26,600) Construction Milestones New Construction Progress Payments Acquisition/Rehab/Conversion Progress Payments Proponent signs Contribution Agreement 20% Up to 80% First Building Permit or Demolition Permit received 30% N/A Structure Framing Certified complete 20% (optional) N/A Occupancy Certificate received 20% or 40% 20 % - balance of funds 45-day lien period ends 10% TBD * Total 100% 100% * TBD = to be determined based upon signed Provincial Contribution Agreement.
Sample 1
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Funding and Incentives. 28 The District and the Union shall each appoint three individuals to a professional development 29 committee to provide funding and incentives for training and educational opportunities consistent with 30 the District’s strategic goals. The District shall contribute $12,000 per fiscal year for the period of 32 determined by the professional development committee. The annual contribution shall not roll over 33 unused funds. These funds are not to otherwise replace or supplant existing funding provided by the 34 District.
Sample 1

Related to Funding and Incentives

  • Vacation and Sick Leave Administration (a) for the purposes of administration of clauses 34.11 and 34.12, where an employee does not work the same number of hours each week, the normal workweek shall be the weekly average calculated on a monthly basis.

  • REIMBURSEMENT FOR MILEAGE AND INSURANCE 1. An employee who is required by their employer to use their private vehicle for school district related purposes shall receive reimbursement of: Effective July 1, 2019 $ 0.56 c/Km Effective July 1, 2020 $ 0.57 c/Km Effective July 1, 2021 $ 0.58 c/Km

  • Orientation and In-Service Program The Hospital recognizes the need for a Hospital Orientation Program of such duration as it may deem appropriate taking into consideration the needs of the Hospital and the nurses involved.

  • Educational Incentive Pay Effective January 1, 2022, the current Education Incentive Differential (EID) rates from the pre-existing salary schedules shall be eliminated and, in their place, the following Educational Incentive Pay program will be applied. The salary schedules contained in Addendum B reflect the new Educational Incentive pay allowances. Upon successful completion of field training and promotion to the rank of Police Officer, an officer who has received or obtains one of the degrees set forth below from an accredited college or university shall receive an annual incentive allowance added to their hourly rate, as follows: • $1,500 for associate’s degree ($0.723/hour) • $3,000 for bachelor’s degree ($1.446/hour) • $4,500 for master’s degree and above ($2.169/hour) Educational incentives are not cumulative, but rather the employee will be entitled to the highest incentive based on the degree(s) obtained. In the event an employee obtains a new or higher degree during employment, the employee will submit to the Department proof of degree attainment. Upon verification and approval by the Department, within thirty (30) days of submission, the employee’s pay will be adjusted effective on the first day of the pay period following the date of submission by the employee. Any current employee with an EID classification will be adjusted to the non-EID rate, but will receive the annual incentive allowance as part of their hourly rate, spread over twenty-six (26) pay periods. The hourly rate will be calculated by dividing the annual educational incentive by 2,074 hours. Educational incentive pay will be included in the regular rate for overtime purposes. In addition, it will be counted as part of the employee’s annual salary for pension purposes, consistent with the prevailing Fire & Police Employees Retirement System regulations, and reflected on the salary schedules.

  • Incentive Compensation The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s target annual incentive compensation shall be forty five percent (45%) of their Base Salary, although any the actual incentive compensation amount shall be discretionary. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

  • Developer Compensation for Emergency Services If, during an Emergency State, the Developer provides services at the request or direction of the NYISO or Connecting Transmission Owner, the Developer will be compensated for such services in accordance with the NYISO Services Tariff.

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