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.”
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Incremental Payment. Employees shall be entitled to increments for service in their respective classification level following the completion of 1786 hours of work. Progression to the next applicable increment cannot occur earlier than 12 months from the date of progression to the current increment.
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. 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.
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. The classification/reclassification of clerical employees will be applied in accordance with the classification definitions and classification levels set out below:
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. 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. 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.
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. 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. 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. 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 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.
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:
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Related to Incremental Payment

  • Supplemental Payments Applicant shall make annual Supplemental Payments in an amount equal to, but not to exceed, the limit of the annual Supplemental Payment as set out Section 6.2 below, starting with the first complete or partial year of the Qualifying Time Period and accruing on January 1 of each year thereafter, and continuing through the third year following the end of the Tax Limitation Period.

  • Total Payment City shall pay for the services to be rendered by Consultant pursuant to this Agreement. City shall not pay any additional sum for any expense or cost whatsoever incurred by Consultant in rendering services pursuant to this Agreement. City shall make no payment for any extra, further, or additional service pursuant to this Agreement. In no event shall Consultant submit any invoice for an amount in excess of the maximum amount of compensation provided above either for a task or for the entire Agreement, unless the Agreement is modified prior to the submission of such an invoice by a properly executed change order or amendment. In the event that Consultant identifies additional work outside the scope of services specified in Exhibit A that may be required to complete the work required under this Agreement, Consultant shall immediately notify the City and shall provide a written not-to-exceed price for performing this additional work.

  • Maximum Total Payment Including the reimbursable expenses shown above (if any), the maximum total payment under this Contract is $ ; this is a not-to-exceed amount, and the District will not pay more than this amount unless specifically agreed to in an amendment executed by the parties.

  • Rental Payments Tenant shall pay Rent to Landlord for --------------- each month during the Lease Term as provided in this Lease. Rent shall be due and payable in advance on the first (1st) day of each month during the Lease Term. If the Commencement Date is a date other than the first (1st) day of a calendar month, the Rent for the portion of the calendar month in which the Commencement Date occurs shall be due and payable on the Commencement Date; and the Rent for such partial month shall be prorated based upon the number of days from the Commencement Date to the end of that calendar month. Rent for any partial month at the end of the Lease Term shall be prorated based upon the number of days from the beginning of that month to the end of the Lease Term. Rent shall be payable at the address for Landlord designated in the first (1st) paragraph of this Lease (or at such other address as may be designated by Landlord from time to time). Tenant shall pay all Rent under this Lease at the times and in the manner provided in this Lease, without abatement, notice, demand, counterclaim, or set-off except as otherwise provided for in this Lease.. Any charges or other sums payable by Tenant to Landlord under the terms of this Lease shall be considered as additional Rent. No payment by Tenant or receipt by Landlord of a lesser amount than the total amount of Rent then due shall be deemed to be other than on account of the earliest past due installment of Rent required to be paid under this Lease. No endorsement or statement on any check or in any letter accompanying any check or payment of Rent shall ever be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord's right to recover the balance of the Rent then due or to pursue any other remedy available under this Lease, at law, or in equity.

  • SUPPLEMENTAL PAYMENT LIMITATION Notwithstanding the foregoing: A. the total of the Supplemental Payments made pursuant to this Article shall not exceed for any calendar year of this Agreement an amount equal to the greater of One Hundred Dollars ($100.00) per student per year in average daily attendance, as defined by Section 48.005 of the TEXAS EDUCATION CODE, or Fifty Thousand Dollars ($50,000.00) per year times the number of years beginning with the first complete or partial year of the Qualifying Time Period identified in Section 2.3.C and ending with the year for which the Supplemental Payment is being calculated minus all Supplemental Payments previously made by the Application; B. Supplemental Payments may only be made during the period starting the first year of the Qualifying Time Period and ending December 31 of the third year following the end of the Tax Limitation Period. C. the limitation in Section 6.2.A does not apply to amounts described by Section 313.027(f)(1)–(2) of the TEXAS TAX CODE as implemented in Articles IV and V of this Agreement. D. For purposes of this Agreement, the calculation of the limit of the annual Supplemental Payment shall be the greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance as calculated pursuant to Section 48.005 of the TEXAS EDUCATION CODE, based upon the District’s Average Daily Attendance for the previous school year.

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.

  • Additional Payment In addition to any Spousal Support, in the event of Divorce: (check one)

  • Increment In the Classification Level decided according to Article L9.07.01 above, establish the correct number of full years of approved and certified teaching experience, such placement not to exceed the number of years of experience provided for in the Level concerned. (See Article L9.06)

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