Non-employed income Sample Clauses

Non-employed income. If the Borrower receives income from sources other than employment and self-employment, such as Social Security, trust, investments, etc., the Seller must verify a two-year history of receipt of income from that source (but not the income amount). The Seller must obtain third party documentation verifying the non-employed income source, such as a letter from the appropriate pension provider or public agency or a letter from the Borrower’s accountant. (i) Alimony, child support, separate maintenance The Seller must verify a six-month history of receipt of the income (not the amount).
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Non-employed income. If the Borrower receives income from sources other than employment and self-employment, such as Social Security, trust, investments, etc., the Seller must verify a two-year history of receipt of income from that source. The Seller must obtain third party documentation verifying the non-employed income source, such us a letter from the appropriate pension provider or public agency or a letter from the Borrower’s accountant. (i) Alimony, child support, separate maintenance Stated income from Alimony, child support, and separate maintenance is permitted as long as the Seller verifies a two-year history of receipt of the income (not the amount) Income received for less than two years may not be considered as acceptable stable income, but may be used as a compensating factor.

Related to Non-employed income

  • An Employee once sent on annual leave shall not be recalled for duty except by mutual agreement between the Employer and Employee.

  • Term Employee Term employee means a new person employed without seniority for a specific time period or until the completion of a particular project in compliance with funding provided for that position or project. At the expiry of said term the employment of such employee shall be terminated unless the term employee is immediately hired as a full-time or part-time employee at which time the term employee's original starting date shall be utilized to establish their seniority.

  • Where an Employee (a) at the maximum rate of a salary range is promoted, a new anniversary date is established based upon the date of promotion; (b) at a rate less than the maximum in the salary range is promoted and receives a promotional increase: (1) greater than a one-step increase, a new anniversary date based on the date of promotion is established; (2) of one step or less, the existing anniversary date is retained. 7.2.1 Where the duties of an employee are changed as a result of reorganization or reassignment of duties and the position is reclassified to a class with a lower maximum salary, an employee who occupies the position when the reclassification is made is entitled to salary progression based on merit to the maximum salary of the higher classification including any revision of the maximum salary of the higher classification that takes effect during the salary cycle in which the reclassification takes place. 7.2.2 An employee to whom Article 7. 2.1 applies is entitled to be appointed to the first vacant position in his or her former class that occurs in the same administrative district or unit, institution or other work area in the same ministry in which he or she was employed at the time the reclassification was made.

  • Term Employees 9.1.2.1 A term employee is entitled to all employee benefits under Article 9 unless otherwise specified.

  • Related Employers If any member of the Employer's related group (as defined in Section 1.30 of the Plan) executes a Participation Agreement to this Adoption Agreement, such member's Employees are eligible to participate in this Plan, unless excluded by reason of an exclusion classification elected under this Adoption Agreement Section

  • in Employment If the total value of this contract is in excess of $10,000, Pur- chaser agrees during its performance as follows:

  • Excluded Employees Employees excluded from the bargaining unit who work for an Employer signatory to this Agreement may participate in any of the foregoing benefits under rules and regulations established by the Trustees. The trustees shall determine the contributions required for such benefits.

  • Part-Time Employee Part-time employee" means an employee who is normally scheduled to work fewer than 80 hours in a biweekly payroll period.

  • Death of an Employee All rights to accident pay will cease on the death of an Employee.

  • Casual Employee Casual employee shall mean an individual who is hired on a job contract or on an hourly basis for unscheduled or irregular work. The only provisions of this Agreement applying to the employment of casual employees are contained in Schedule B.

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