Incremental Payment Sample Clauses

Incremental Payment. In consideration of the execution and delivery of Amendment No. 4 to this Agreement, dated as of October 27, 2015, by the Seller, beginning on October 20, 2016, the Purchaser shall pay to the Seller in respect of each outstanding share of Series B Convertible Preferred Stock, an incremental amount equal to (a) $40 divided by (b) 182 (e.g., the number of days between October 20, 2016 and April 20, 2017) multiplied by (c) the result obtained by the number of days elapsed between October 20, 2016 and the Incremental Payment Date (as defined below) (the “Incremental Payment Amount”); provided, that the Incremental Payment Amount per share of Series B Convertible Preferred Stock shall not exceed $40.00. For purposes of this Section 4.11, the “Incremental Payment Date” means, for any share of Series B Convertible Preferred Stock, the earlier to occur of (i) the date on which such share of Series B Convertible Preferred Stock shall have been redeemed pursuant to Section 7 of the Certificate of Designation, (ii) the date on which such share of Series B Convertible Preferred Stock shall have been repurchased pursuant to Section 4.10 of this Agreement or (iii) the date of conversion of such outstanding share of Series B Convertible Preferred Stock pursuant to Section 6 of the Certificate of Designation. No Incremental Payment Amount shall be payable in respect of any share of Series B Convertible Preferred Stock redeemed, repurchased or converted prior to October 20, 2016.”
Sample 1
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Incremental Payment. After an employee has satisfied the requirements of the level at which they are currently classified they shall receive an incremental payment for each stand alone unit of 4 NMEC points weighting that they hold and are required to apply on the job based upon the following formula - 1/3 of the difference between an employee’s current classification level and the next immediately highest classification level for each stand alone unit of 4 NMEC points weighting that an employee holds and is required to apply on the job. SCHEDULE 8 CLERICAL EMPLOYEES CLASSIFICATION STRUCTURE The classification/reclassification of clerical employees will be applied in accordance with the classification definitions and classification levels set out below:
Sample 1
Incremental Payment. Module: For the purposes of this appendix “stand alone module” shall mean 40 hours of structured training, or 40 Certificate of Sugar Milling competency points or 4 National Metal and Engineering Competency (NMEC) points. After an employee has satisfied the requirements of the level at which they are currently classified they shall receive an incremental payment for each stand alone module that they hold and can apply on the job based upon the following formula. Levels 1 to 6 (4 modules) ¼ of the difference between an employee’s current classification level and the next immediately highest classification level for each stand alone module that an employee holds and can apply on the job. Levels 6/C10 to C6 (3 modules) 1/3 of the difference between an employee’s current classification level and the next immediately highest classification level for each stand alone module that an employee holds and can apply on the job. A full list of the number of modules required for each level, consistent with our current classification system are as follows. LEVEL MODULES SUGAR CERTIFICATE POINTS NMEC POINTS C6 36 1440 144 L9/C7 33 1320 132 L8/C8 30 1200 120 L7/ C9 27 1080 108 L6 / C10 24 960 96 L5a 20 800 80 L5 16 640 64 L4 12 480 48 L3 8 320 32 L2 4 160 16 Role of the REBT in relation to training The REBT will establish the administrative arrangements necessary to meet its own objectives. In relation to training, the principal role of the REBT, is to review the skills needs of the region, the skills held by employees and to identify and make a written recommendation to Management, justifying the acquisition of skills for an individual based upon the shortfall in skills within the Region as a whole. This REBT recommendation will also include a summary of the need for the skill within the region, how the learning outcome will be applied and an action plan for the transfer of learning within the region. The REBT will also assist management by sourcing, costing and recommending to Management suitable and applicable training to meet the skills requirements of our Region.
Sample 1
Incremental Payment. With respect to Purchase Price Shares issued as part of an Incremental Payment, Seller may Transfer Purchase Price Shares to its stockholders based on each stockholder's respective ownership interest in Seller, provided that:
Sample 1
Incremental Payment. After an employee has satisfied the requirements of the el vel at which they are currently classified they shall receive an incremental payment for each stand alone unit of 4 NMEC points weighting that they hold and are required to apply on the job based upon the following formula - 1/3 of the difference between an employee’s current classification level and the next immediately highest classification level for each stand alone unit of 4 NMEC points weighting that an employee holds and is required to apply on the job. Schedule 6 Initiatives for enhanced development, recognition & application of skills The sugar milling industry has two distinct and differing seasons. The crushing season involves the need to crush the crop in the minimum period of time and is focused on production and the skills of process employees predominate, although tradespersons perform an essential supporting function during this period. Conversely, during the remainder of the year the focus is on maintenance and capital works and it is the skills of tradespersons that predominate. The parties to this Agreement recognise they have a part to play in increasing the productivity and efficiency of the mill. Accordingly, multi-skilling and labour flexibility that supports the work requirements of the two distinct and different seasons has been progressively introduced into the mill’s working arrangements. As part of the ongoing process of continual improvement additional initiatives have been developed to further assist in addressing both the skills needs of employees and the skills requirements of the region. Increased flexibility in application of newly acquired or currently held skills is not envisaged to change an employee’s core role.
Sample 1
Incremental Payment. For the purposes of this section a stand alone “module” shall mean 40 hours of structured training, or 40 Certificate for Sugar Milling Competency points or 4 National Metal and Engineering Competency (NMEC) points. After an employee has satisfied the requirements of the level at which they are currently classified they shall receive an incremental payment for each module (or equivalent) that they hold and can apply on the job based upon the following formula. Levels 1 to 6 (4 modules) ¼ of the difference between an employee’s current classification level and the next immediately highest classification level for each stand alone module that an employee holds and can apply on the job. Levels 6 to 9 / C10 to C6 (3 modules) 1/3 of the difference between an employee’s current classification level and the next immediately highest classification level for each stand alone module that an employee holds and can apply on the job. Core *SUGCCPA1A Collect, present and apply workplace information 20 *SUGCOHS1A Follow safe work procedures 40 *SUGCLCT1A Locate cane transport system and functions 30 *SUGCLIP1A Locate industry and company processes (Sugar) 20 *SUGCMCH1A Manually clean and maintain housekeeping standards 10 *PMLOHS300A Work safely in accordance with defined policies & procedures 40 Stream Unit No. Description of Unit Points ALL ALL Transport & Services Process Process Process - Laboratory Band 1 Laboratory SUGPCPS1A Collect and prepare samples 30 Transport SUGTAEM1A Assess extraneous matter in cane 20 SUGTCYM1A Control yard movements 30 SUGTPST1A Prepare for shunting operations 20 TDTC197B Drive vehicles 30 Construction SUGSPPB1A Prepare pre-ballast 10 BCG1010A Carry out concreting to simple forms 40 BCC2000A Read and interpret plans 20 BCC1012A Spread and compact materials manually 10 *BCC1005A Use hand and power tools (Zero points with MEM18.1 & MEM18.2) 40 BCG1008A Use simple levelling devices 10 BCC1006A Use small plant and equipment 15 Other RUHHRT113A Operate ride-on vehicles 10 RUHCORE3A Use hazardous substances safely 10 TDTD197B Shift materials safely using manual methods 15 TDTD297B Shift a load using manually-operated equipment 15 Process Transport Transport Transport Transport Services Services Services Services Services Services Services Services Services Services Services Services Services Band 2 Boiler/ Turbine SUGPARS2A Operate an ash separation system 30 SUGPCWS2A Operate a cooling water system 40 *SUGPFSB2A Operate a fuel supply system - ...
Sample 1

Related to Incremental Payment

  • Additional Payment In addition to any Spousal Support, in the event of Divorce: (check one) ☐ - There shall be No Additional Payment made by either Spouse to the other than those listed in this Agreement. ☐ - There shall be an Additional One (1) Time payment in the amount of $ made by the ☐ Husband ☐ Wife to the ☐ Husband ☐ Wife (“Additional Payment”). The Additional Payment shall be made within thirty (30) days after a divorce judgment, decree, or similar document that certifies the Divorce. ☐ - Other. .

  • Down Payment The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.

  • Final Payment All items or Automated Clearing House (ACH) transfers credited to your account are provisional until we receive final payment. If final payment is not received, we may charge your account for the amount of such items or ACH transfers and impose a return item charge on your account. Any collection fees we incur may be charged to your account. We reserve the right to refuse or return any item or funds transfer.

  • Initial Payment Interconnection Customer shall elect (and provide its election to the Transmission Provider within five days of the commencement of negotiation of the GIA pursuant to Section 11.2 of the GIP) to make either 1) an initial payment equal to twenty (20) percent of the total cost of Network Upgrades, Transmission Owner Interconnection Facilities, Transmission Owner’s System Protection Facilities, Distribution Upgrades and/or Generator Upgrades (if the In-Service Date is less than or equal to five (5) years of the initial payment date); or 2) an initial payment equal to ten (10) percent of the total cost of Network Upgrades, Transmission Owner Interconnection Facilities, Transmission Owner’s System Protection Facilities, Distribution Upgrades and/or Generator Upgrades (if the In-Service Date exceeds the initial payment date by more than five (5) years); or 3) the total cost of Network Upgrades, Transmission Owner Interconnection Facilities, Transmission Owner’s System Protection Facilities, Distribution Upgrades and/or Generator Upgrades in the form of security pursuant to Article 11.6. The initial payment shall be provided to Transmission Owner by Interconnection Customer pursuant to this Article 11.5 within the later of a) forty-five (45) Calendar Days of the execution of the GIA by all Parties, or b) forty-five (45) Calendar Days of acceptance by FERC if the GIA is filed unexecuted and the payment is being protested by Interconnection Customer, or c) forty-five (45) Calendar Days of the filing if the GIA is filed unexecuted and the initial payment is not being protested by Interconnection Customer. If the Interconnection Customer made its milestone payments in the form of cash and the Interconnection Customer elects a cash initial payment, then the Transmission Provider shall transfer those funds to the Transmission Owner on the Interconnection Customer’s behalf.

  • Loan Payment Payments of principal, interest, and Late Charges (as defined in the Note) shall be made as provided in the Note.

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Upfront Payment Upon the execution of this Agreement, the Lessee shall pay to the Lessor the following: (check one) ☐ - First Month’s Rent of: _ Dollars ($ _) ☐ - Last Month’s Rent of: ___ _ Dollars ($ _) ☐ - Security Deposit of: _ _ Dollars ($ _)

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Closing Date Payment The term “Closing Date Payment” shall have the meaning ascribed to it in Section 3.

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