Payee Positive Pay Sample Clauses

Payee Positive Pay. Customer shall designate to Bank all positive pay Accounts that shall use Payee Positive Pay. In addition to the Item issue information provided by Customer for the Positive Pay Service, Customer shall supply Bank with the payee name(s) for each Item issued by Customer. Customer shall be responsible for the accuracy and completeness of the payee information provided to Bank. In reliance on the payee information provided by Customer, Bank will compare the payee information on the Item with Customer’s Check Issue File for Items presented or deposited at Bank. Customer acknowledges that Bank will not be able to validate payee information for handwritten or electronically converted Items presented to Bank for payment.
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Payee Positive Pay. In addition to the issued item, information provided by you for the Traditional Positive Pay Service, you will provide us with the payee name for each item issued. Using this information, on each business day we mill make reasonable efforts to report to you any payee names that do not match the Issued Check File and Single Entry Input. You acknowledge that the Bank will not be able to validate payee information for electronically converted items presented to the Bank for payment.
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Payee Positive Pay. This feature enhances the Check Positive Pay by additionally comparing the payee name from the check against the payee name on the Issue Input. As part of Issue Input, you will now include payee name information. When checks are presented for payment, in additional to comparing the check number, and amount, we verify the payee name on the check to the payee name provided on the Issue Input. By transmitting an Issue Input with Payee Information or other Issue Input to us, you warrant that all checks that match the information on the Issue Input were properly issued by you and we shall have no further responsibility or liability for examination of the checks for fraudulent signatures or material alterations. We shall be entitled to rely and act upon any advice or instruction given to us by you in accordance with this Service without further inquiry if the advice or instruction is given to us in the form and manner and within the time as we shall require. We shall not be obligated to pay any check or Item or Exception Item which you advise or instruct be paid if you do not have on deposit in the deposit account on which the check or Item or Exception Item is drawn at the time of presentment good and sufficient collected funds to enable us to pay the Item or Exception Item without overdrawing the deposit account. You will not use our Positive Pay Services to pay your obligations on a delayed basis or in place of a stop payment order on any check, Item or Exception Item which you know before its presentment you do not want to have us pay. You acknowledge that your failure to use our Payee Positive Pay Service could substantially increase the likelihood of undetected fraudulent activity on your account and that it is neither manifestly unreasonable nor unreasonable under the circumstances for us to require you to use our Payee Positive Pay Service upon request. You agree that if you fail to implement our Payee Positive Pay Service following our request that you do so, you will be precluded from asserting any claim against us for paying an unauthorized, altered, counterfeit or other fraudulent item that the Payee Positive Pay Service was designed to detect or deter, and we will not be required to re-credit your account or otherwise be liable to you for paying such.
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Payee Positive Pay. If this option is selected, Bank will check MICR information, dollar amount and payees against the Check Issue File.
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Payee Positive Pay. If you enroll in Payee Positive Pay Service you may provide us with a list of payee names for the checks that you issue, and we will compare each check presented to us against the list of payee names that you provide us. You must provide us with the list of payee names by 7:00 a.m. PT. If the payee name on a check drawn on your designated account and presented to us does not match a payee name on the list of payee names you provide to us, within the matching thresholds that we set at our sole discretion, an exception will be created. Except as otherwise provided in this paragraph, the terms of the Positive Pay Service also apply to the Payee Positive Pay Service. That is, a check presented for comparison, and an exception created pursuant to such comparison, in the Payee Positive Pay Service will be treated as a check presented for comparison, and an exception created pursuant to such comparison, in the Positive Pay Service. Checks Covered by Positive Pay Service. The Positive Pay Service applies to checks that are presented for payment through normal interbank clearings and posted to your account each night. It is not designed to compare your list of issued checks against items that are not processed on an automated basis (e.g., damaged checks or checks presented for payment at a teller window, at an ATM or by mail). Although we may occasionally attempt to compare your list with such items, we will not be liable for our failure or refusal to do so.
Sample 1
Payee Positive Pay. If this option is selected, Bank will compare the MICR information, dollar amount and payee name on Presented Checks against the Check Issue File. Presented Checks that do not match the information in the Check Issue File will be identified as Exception Checks for Client to review and decision.
Sample 1
Payee Positive Pay. Company shall deliver to Bank an Issue File which will include a list of all checks written against the Company Account(s) together with the payee name, the amount serial number, issue date and type of check. Company may deliver more than one Issue File per day. The Issue File must be delivered to Bank prior to check distribution to payees. Company will instruct Bank on the disposition of any exception items.
Sample 1
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Payee Positive Pay. Payee Positive Pay uses Optical Character Recognition (OCR) to identify the payee on the check image. Customer shall refer to the Payee Match Implementation Guidelines provided at th e time of application to minimize unnecessary Exception Items.
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Related to Payee Positive Pay

  • Annual Discretionary Bonus Effective as of the Effective Date, the Executive will be eligible to earn an annual performance bonus of up to 40% of the Executive’s Base Salary (the “Target Bonus”), based upon the Board’s assessment of the Executive’s performance and the Company’s attainment of targeted goals as set by the Board in its sole discretion. To the extent the Executive’s Base Salary and/or target bonus percentage of Base Salary is changed during the year to which the performance bonus relates, the Target Bonus shall be calculated based on base salary actually paid during such year (and not solely on the Executive’s Base Salary at the end of such year) and shall apply the initial target bonus percentage of Base Salary and the revised target bonus percentage of Base Salary based on the portion of the year during which each was in effect. The Board may determine to provide the bonus in the form of cash, equity award(s), or a combination of cash and equity. Following the close of each calendar year, the Board will determine whether the Executive has earned a performance bonus, and the amount of any performance bonus, based on the set criteria. No amount of the annual bonus is guaranteed, and the Executive must be an employee in good standing on the date of payment in order to be eligible for any annual bonus, except as specifically set forth below. The annual performance bonus, if earned, will be paid by no later than March 15 of the calendar year after the year to which it relates. The Executive’s bonus eligibility will be reviewed on an annual or more frequent basis by the Board and is subject to change in the discretion of the Board.

  • Elective Deferrals (a) The Committee may establish procedures pursuant to which Employee may elect to defer, until a time or times later than the vesting of a Performance Share Unit, receipt of all or a portion of the shares of Common Stock deliverable in respect of a Performance Share Unit, all on such terms and conditions as the Committee (or its designee) shall determine in its sole discretion. If any such deferrals are permitted for Employee, then notwithstanding any provision of this Agreement or the Plan to the contrary, an Employee who elects such deferral shall not have any rights as a stockholder with respect to any such deferred shares of Common Stock unless and until the date the deferral expires and certificates representing such shares are required to be delivered to Employee. The foregoing notwithstanding, no deferrals of Dividend Equivalents related to any Performance Share Units under this Award will be permitted. Moreover, the Committee further retains the authority and discretion to modify and/or terminate existing deferral elections, procedures and distribution options. (b) Notwithstanding any provision to the contrary in this Agreement, if deferral of Performance Share Units is permitted, each provision of this Agreement shall be interpreted to permit the deferral of compensation only as allowed in compliance with the requirements of Section 409A of the Internal Revenue Code and any provision that would conflict with such requirements shall not be valid or enforceable. Employee acknowledges, without limitation, and consents that application of Section 409A of the Internal Revenue Code to this Agreement may require additional delay of payments otherwise payable under this Agreement. Employee and the Company further hereby agree to execute such further instruments and take such further action as reasonably may be necessary to comply with Section 409A of the Internal Revenue Code.

  • Discretionary Bonus The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

  • Extra Duty Compensation A. This schedule is based on time devoted by the unit member beyond the regular at-school duty hours. A unit member will not receive extra duty compensation for more than two assignments unless approved by the Board. 2 Athletic Directors $2448 $2564 $2696 2 Head Football Coaches 5342 5459 5588 6 Asst. Football Coaches 3684 3766 3852 4 Head Basketball Coaches 0000 0000 0000 8 Asst. Basketball Coaches 1758 1836 1922 2 Wrestling Head Coaches 2170 2274 2383 2 Asst. Wrestling Coaches 1386 1489 1597 2 Baseball Coaches 2021 2119 2213 2 Asst. Baseball Coaches 1386 1489 1597 2 Band Directors 5342 5459 5588 3 Asst. Band Directors 3740 3820 3909 2 Varsity Cheerleader Advisor 1649 1723 1810 2 Asst. Varsity Cheerleader Adv. 1154 1203 1267 2 Volleyball Coaches 2108 2203 2308 2 Asst. Volleyball Coaches 1386 1489 1597 3 Mock Trail Directors 1067 1117 1170 2 Drama Coaches 1067 1117 1170 2 Golf Coaches 1067 1117 1170 2 Softball Coaches 1810 1894 1980 2 Asst. Softball Coaches 1386 1489 1597 4 Head Track Coaches 2021 2119 2213 4 Asst. Track Coaches 1386 1489 1597 4 Tennis Coaches 1067 1117 1170 2 Unified Tennis Coaches 1100 1150 1176 4 Cross Country Coaches 1067 1117 1170 4 Soccer Head Coaches 2108 2203 2308 4 Asst. Soccer Coaches 1386 1489 1597 2 VICA Advisors 1067 1117 1170 1 Co-Wide Student Council Adv. 1067 1117 1170 2 Junior Class Advisor 1067 1117 1170 2 Senior Class Advisor 1067 1117 1170 2 Bowling Coaches 1067 1117 1170 2 Indoor Track Coaches 1067 1117 1170 1 Unified Track SH Coach 1100 1150 1176 Funding will be provided by Special Olympics 1 Aquatics Head Coach $660 $688 $704 1 Aquatics Asst. Coach 440 462 472 2 Bocce Head Coaches 660 688 704 2 Bocce Asst. Coaches 440 462 472 1 Track & Field Coach 660 688 704 Maximum number of positions are shown. Actual number of positions shall be determined on a per season basis; however, under no condition will the total number of positions be fewer than sixty-two (62). B. Extra duty compensation will be paid in one payment upon completion of activity except for full year activities which will be paid one-half of the amount each semester. Each unit member involved shall be responsible for submitting the proper form. C. Extra duty assignment forms shall be provided the unit members for the following year and are due within 30 calendar days following the ratification date of the negotiated agreement. Such forms shall include compensation for such activity. D. All unit members beginning an extra duty or transferring to a different assignment will be placed on the first step. E. A representative of the Association will serve as an ex-officio member of the School Activities Review/ Evaluation Committee and shall be given two (2) weeks’ notice of regular meetings. A twenty-four hours notice will be given for emergency meetings.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Retroactive Pay All employees shall receive full retroactive pay to May 21, 2021 for all hours worked and/or paid. Retroactive pay shall be paid to all employees within thirty (30) calendar days following the date of Union ratification of this Agreement. Retroactive pay will be issued to each employee in the bargaining unit on paycheques that are separate and apart from the employee's normal earnings.

  • Highly Compensated Employee The term Highly Compensated Employee includes highly compensated active employees and highly compensated former employees.

  • Discretionary Bonuses The Employee shall participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such discretionary bonuses.

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.05(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long-term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or via the Government Employees Compensation Act prevents the employee from receiving Employment Insurance or Québec Parental Insurance Plan benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.05(a), other than those specified in sections (A) and (B) of subparagraph 17.05(a)(iii), shall be paid, in respect of each week of benefits under the parental allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of the employee's rate of pay and the gross amount of his or her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.05 for a combined period of no more than the number of weeks during which the employee would have been eligible for parental, paternity or adoption benefits under the Employment Insurance or Québec Parental Insurance Plan, had the employee not been disqualified from Employment Insurance or Québec Parental Insurance Plan benefits for the reasons described in subparagraph (a)(i).

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

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