Payback Provisions. When trainee engineers engaged after the commencement of this agreement gain their certification, an amount equivalent to four weeks’ Second Engineer salary per year will be deducted by the Employer from the engineer’s remuneration. By agreement between the Employer and the engineer, this value may be in the form of a reduction in salary or a reduction in leave. Such deduction shall occur for each of the first two years employment as a qualified engineer at the rate of four weeks’ per year.
Payback Provisions. I understand that during the time I remain employed at Swedish Medical Center after my graduation from the Perioperative Nursing Certificate Program, my loan will be reduced at the following rate: Hours Scheduled Amount Loan Per Week Reduced Per Month 40/36 $170 I understand that if I fail to be available to perform the services for which I have been trained under the program, Swedish Medical Center shall be entitled to recover the full balance due and may withhold any funds or benefits I have accrued, i.e., termination pay, including accrued annual leave and/or final paycheck, to apply towards my unpaid debt. If there remains a loan balance due after application of the above-identified funds, any amount which Swedish Medical Center is entitled to recover shall be paid by me in monthly installments beginning thirty (30) days after the date of termination. The monthly installment payments shall be at the same rate as the payback provision schedule. I understand that interest on the balance due will begin upon termination of employment and the first installment will be due thirty (30) days from termination. I will be billed for the installment, together with interest at the same percentage that is currently being charged by the Swedish Medical Center Credit Union at the time of my termination. Failure to pay any installment when due will cause the entire loan balance to be accelerated and the entire loan balance will immediately become due and payable, no longer giving me the option to pay the loan off on a monthly basis.
Payback Provisions. I understand that during the time I remain employed at Swedish Medical Center after my graduation from the Critical Care Course, my loan will be reduced at the following rate: Hours Scheduled Amount Loan Per Week Reduced Per Month 40 $80
Payback Provisions. I understand that during the time I remain employed at SMC after completion of the initial Program, my loan will be reduced at the following rate: Hours Scheduled Amount Loan Per Week Reduced Per Month 40/36 $208 I understand that if I fail to be available to perform the services for which I have been trained under the Program, SMC shall be entitled to recover the balance due and may withhold any funds or benefits I have accrued, i.e., termination pay, including accrued annual leave and/or final paycheck, to apply towards my unpaid debt. If there remains a loan balance due after application of the above-identified funds, any amount which SMC is entitled to recover shall be paid by me in monthly installments beginning thirty (30) days after the date of termination. The monthly installment payments shall be at the same rate as the payback provision schedule. I understand that interest on the balance due will begin upon termination of employment and the first installment will be due thirty (30) days from termination. I will be billed for the installment, together with interest at the same percentage that is currently being charged by the SMC Credit Union at the time of my termination. Failure to pay any installment when due will cause the entire loan balance to be accelerated and the entire loan balance will immediately become due and payable, no longer giving me the option to pay the loan off on a monthly basis.
Payback Provisions. In the event Developer defaults on any Developer performance obligations, covenants or the performance schedule pursuant to this Agreement (subject to force majeure), and such default is not cured within 90 days of written notice thereof, then, in any such event, Developer shall immediately pay to City the amount of the Benefit..
Payback Provisions. I understand that if I fail to undertake or perform such service in accordance with the provisions of this Student Service Agreement, fail to complete my approved Program of Study, OR dropout prior to program completion, the Tennessee Department of Education will be entitled to recover from me all or part of any traineeship or fellowship grant received, plus interest in accordance with the Promissory Note(s) of even date herewith and incorporated herein by reference. I understand that the amount of the award or scholarship that has not been retired through eligible service will constitute a debt to the Tennessee Department of Education that MUST be repaid by me. Repayment will include the full amount of the award plus interest, in an amount proportional to the service obligation completed. I understand that a scholar enters repayment status on the first day of the first calendar month after the earliest of the following dates, as applicable:
