In-Lieu of Payment Sample Clauses

In-Lieu of Payment. In each plan year, full-time employees who are eligible for medical insurance, who have group healthcare elsewhere, and who do not participate shall receive a one-time “in-lieu of” payment in the amount of $1,500.00. Payment shall be paid in October following the plan year. The payment will not be prorated for partial participation. The employee must work the full plan year to receive the payment. In each plan year where the district has a total of 15 or more employees who qualify for the plan but who do not participate, the “in-lieu of” payment will be $2,000.00, paid to qualified employees who did not participate in the medical insurance. The payment will not be prorated for partial participation. In each plan year, if a full-time employee who is eligible for medical insurance opts out, but retains dental insurance, the in-lieu of payment will be reduced by $250.00. In order to be eligible for “in-lieu of” payment, an employee must work a minimum of six (6) hours each day.
Sample 1
AutoNDA by SimpleDocs
In-Lieu of Payment. In lieu of payment, a Part-Time Unit Member may take time off during a regularly scheduled work day, without any loss of compensation. Bargaining Unit Members can use extra time earned any time during the 12-month period from July 1 to June 30, as mutually agreed upon in writing by the Bargaining Unit Member and the supervisor or designee.
Sample 1Sample 2
In-Lieu of Payment. In each plan year, full-time employees who are eligible for medical insurance, who have group healthcare elsewhere, and who do not participate shall receive a one-time “in-lieu of” payment in the amount of $1,500.00. For plan year 2022 and plan year 2023, full-time employees who are eligible for medical insurance, who have group healthcare elsewhere and who do not participate, shall receive a one-time in-lieu of payment in the amount of $2,000. Payment shall be paid in January following the plan year. The payment will not be prorated for partial participation. The employee must work the full plan year to receive the payment. In plan year 2021 where the district has a total of 15 or more employees who qualify for the plan but who do not participate, the “in-lieu of” payment will be $2,000.00, paid to qualified employees who did not participate in the medical insurance. In plan years 2022 and 2023, if the district has a total of 15 or more employees who qualify for the plan but who do not participate, the in-lieu of payment will be $3,000 paid to qualified employees who did not participate in the medical insurance. The payment will not be prorated for partial participation. In each plan year, if a full-time employee who is eligible for medical insurance opts out, but retains dental insurance, the in-lieu of payment will be reduced by $250.00. In order to be eligible for “in-lieu of” payment, an employee must work a minimum of six (6) hours each day.
Sample 1

Related to In-Lieu of Payment

  • MODE OF PAYMENT Subject to the terms of the Agreement and the Promoter abiding by the construction milestones, the Allottee shall make all payments, on demand by the Promoter, within the stipulated time as mentioned in the Payment Plan through A/c Payee Cheque / Demand Draft or Online Payment (as applicable) in favour of ' ' payable at .

  • RATES OF PAYMENT B3.1 Current Contract Rates. Included Timber that is removed by Purchaser and presented for Scaling in the product form stated in A2 shall be paid for at Current Contract Rates determined under this Section. “Current Contract Rates” shall be (a) Flat Rates and (b) Tentative Rates adjusted by the escalation procedures in B3.

  • Withholding of Payment City reserves the right to withhold, in whole or in part, payment for any and all work that: (i) has not been completed by Contractor; (ii) is inadequate or defective and has not been remedied or resolved in a manner satisfactory to the City Project Manager; or (iii) which fails to comply with any term, condition, or other requirement under this Agreement. Any payment withheld shall be released and remitted to Contractor within THIRTY (30) calendar days of the Contractor’s remedy or resolution of the inadequacy or defect.

  • Condition of Payment All services provided by the Contractor under this Contract must be performed to the State’s reasonable satisfaction, as determined at the discretion of the undersigned State representative and in accordance with all applicable federal, state, local laws, ordinances, rules and regulations. The State shall not be required to pay for work found to be unsatisfactory, inconsistent with this Contract or performed in violation of any federal, state or local statute, ordinance, rule or regulation.

  • Calculation of Payments The State shall use the fee schedule set forth in Attachment E to the contract (Fee Schedule) in determining the value of the work performed up to the time of termination. In the case of partially completed engineering services, eligible costs will be calculated as set forth in Attachment E, Fee Schedule. The sum of the provisional overhead percentage rate for payroll additives and for general and administrative overhead costs during the years in which work was performed shall be used to calculate partial payments. Any portion of the fixed fee not previously paid in the partial payments shall not be included in the final payment.

  • Terms of Payment 16.1 The Supplier shall request for payment by submitting invoice(s), delivery note(s) and any other relevant documents as specified in the SCC to the Procuring Entity. 16.2 Payments shall be made promptly by the Procuring Entity, but not later than thirty (30) days after submission of an invoice by the Supplier, and after the Procuring Entity has accepted it.

  • Receipt of Payment The Company shall have received payment, by wire transfer of immediately available funds, in the full amount of the purchase price for the number of Shares being purchased by such Purchaser at the Closing as set forth in the Schedule of Purchasers.

  • Timing of Payment Notwithstanding anything herein to the contrary, if the date on which any payment is to be made pursuant to this Indenture or the Notes is not a Business Day, the payment otherwise payable on such date shall be payable on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date to the time of such payment on such next succeeding Business Day and the amount of any such payment that is an interest payment will reflect accrual only through the original payment date and not through the next succeeding Business Day.

  • Evidence of Payment As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to this Section 2.17, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

  • Methods of Payment Distributions from the Director's Deferral Accounts shall be paid in cash in a single sum unless the Participant elects, at the time a Payment Date is selected pursuant to paragraph 4.1(a) or 4.1(b), to receive the amount payable in generally equal quarterly installments over a period not to exceed ten (10) years. In addition, at least one year before the Payment Date, a Director may change the method of payment previously selected.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!