Payment Illustration Sample Clauses

Payment Illustration. An ISA is different from a loan (which has principal and interest payments) or a conventional tuition payment plan (which requires payment in full and may include interest charges). An ISA requires you to pay a fixed percentage of your earned income each month for a fixed period of time. The table below compares illustrative monthly and total ISA payments for different levels of earned income. Annual Earned Income $ 23,000.00 ISA 17.00% income share, Up to 24 monthly payments Monthly Payment Number of Payments Total Payment $65,000 $ 921 24 $22,100 $85,000 $1,204 24 $28,900 $105,000 $1,488 24 $34,500 $125,000 $1,771 20 $34,500 $135,000 $1,913 19 $34,500 • This illustration assumes that you make up to 24 monthly payments tied to gross earned income and that your income is constant. • When you return to school or when your monthly earned income is less than $ 5,000.00 (equivalent to $ 60,000/year), your account will be placed in a deferment status, and you will not make payments for every month your income is below this threshold. • If your cumulative payments reach the Payment Cap, then you will make no further payments, and your account will be closed in good standing. • Since your earnings may change over time, your actual payments may also vary over time, so this illustration may not apply to your specific circumstances. • All payments have been rounded to the nearest dollar.

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Payment Illustration. An ISA is different from a loan (which has principal and interest payments) or a conventional tuition payment plan (which requires payment in full and may charge interest). An ISA requires you to pay a fixed percentage of your earned income each month for a fixed period of time. The table below compares illustrative monthly and total ISA payments for different levels of earned income. Annual Earned Income $ 15,730.00 ISA 10.00% income share, 47 monthly payments Monthly Payments Total Payments <$60,000 $0 $0 $ 60,000 $ 500 $ 22,022 $ 80,000 $ 667 $ 22,022 $ 100,000 $ 833 $ 22,022 $ 120,000 $ 1,000 $ 22,022 The illustration assumes that you make 47 monthly payments tied to earned income and that your income is fixed. If you return to school or when your monthly earned income is less than $ 5,000.00 (equivalent to $ 60,000/year), your account will be placed in a deferment status, and you will not make payments for every month your income is below this threshold. If your cumulative payments reach the Payment Cap, then you will make no further payments, and your account will be closed in good standing. Your actual payments may be a blend of the payments displayed since your earnings may fluctuate over time. Remember that your earned income will depend on many factors, including your credentials, occupation, industry, and the area of the country in which you work. All payments have been rounded to the nearest dollar.

Payment Illustration. An ISA is different from a loan (which has principal and interest payments) or a conventional tuition payment plan (which requires payment in full and may charge interest). An ISA requires you to pay a fixed percentage of your earned income each month for a fixed period of time. The table below compares monthly and total ISA payments for different levels of earned income. Annual Earned Income $10,000.00 ISA 3.31% income share, 96-month payment term Monthly Payments Number of Payments Total Payments • The illustration assumes that you make monthly payments tied to earned income over up to XX monthly payments. • When your monthly earned income is less than $1,666.67 (equivalent to $20,000/year), your account will be placed in a deferment status, and you will not be required to make payments. • If your cumulative payments reach the payment cap ($23,100.00), then you make no further payments and your account is closed in good standing. • The payments columns assume that your earnings remain the same over the payment term. Your actual total payments may be a blend of monthly payments since your earnings may fluctuate over time. • Remember that your earned income will depend on many factors, including your occupation, industry, and the area of the country in which you work. All dollar figures have been rounded to the nearest dollar.

Payment Illustration. An ISA is different from a loan (which has principal and interest payments) or a conventional tuition payment plan (which requires payment in full and may include interest charges). An ISA requires you to pay a fixed percentage of your earned income each month for a fixed period of time. The table below compares illustrative monthly and total ISA payments for different levels of earned income. Annual Earned Income $ 23,000.00 ISA 17.00% income share, Up to 24 monthly payments Monthly Payment Number of Payments Total Payment $ 65,000 $ 921 24 $ 22,100 $ 85,000 $ 1,204 24 $ 28,900 $ 105,000 $ 1,488 24 $ 34,500 $ 125,000 $ 1,771 20 $ 34,500 $ 135,000 $ 1,913 19 $ 34,500 • This illustration assumes that you make up to 24 monthly payments tied to gross earned income and that your income is constant. • When you return to school or when your monthly earned income is less than $ 5,000.00 (equivalent to $ 60,000/year), your account will be placed in a deferment status, and you will not make payments for every month your income is below this threshold. • If your cumulative payments reach the Payment Cap, then you will make no further payments, and your account will be closed in good standing. • Since your earnings may change over time, your actual payments may also vary over time, so this illustration may not apply to your specific circumstances. • All payments have been rounded to the nearest dollar. You will begin making payments on the first day of the month following a Grace Period of 3 months after you complete or withdraw from your program. • You will pay a percentage of your earned income. • Monthly payment = Income Share × monthly earned income • The total amount you will be required to pay may be more or less than the ISA Amount. It will depend on your future earned income. This is used to calculate your initial required payments. If you do not provide this documentation or documentation for deferment, we will assume your earned income matches the average full-time income for occupations directly related to your program (determined based on Bureau of the Census and Bureau of Labor Statistics data).

Payment Illustration. An ISA is different from a loan (which has principal and interest payments) or a conventional tuition payment plan (which requires payment in full and may charge interest). An ISA requires you to pay a fixed percentage of your earned income each month for a fixed period of time. The table below compares illustrative monthly and total ISA payments for different levels of earned income. Annual Earned Income $ 15,980.00 ISA 10.00% income share, 48 monthly payments Monthly Payments Total Payments The illustration assumes that you make 48 monthly payments tied to earned income and that your income is fixed. If you return to school or when your monthly earned income is less than $ 5,000.00 (equivalent to $ 60,000/year), your account will be placed in a deferment status, and you will not make payments for every month your income is below this threshold. If your cumulative payments reach the Payment Cap, then you will make no further payments, and your account will be closed in good standing. Your actual payments may be a blend of the payments displayed since your earnings may fluctuate over time. Remember that your earned income will depend on many factors, including your credentials, occupation, industry, and the area of the country in which you work. All payments have been rounded to the nearest dollar.

Payment Illustration. An ISA is different from a loan (which has principal and interest payments) or a conventional tuition payment plan (which requires payment in full and may charge interest). An ISA requires you to pay a fixed percentage of your earned income each month for a fixed period of time. The table below compares illustrative monthly and total ISA payments for different levels of average earned income. Average Annual Earned Income $xx,xxx ISA x.xx% income share, xxx monthly payments Monthly Payments Total Payments $20,000 $ xx $ x,xxx $40,000 $xxx $xx,xxx $60,000 $xxx $xx,xxx $80,000 $xxx $xx,xxx $100,000 $xxx $xx,xxx The illustration assumes that you make monthly payments tied to earned income over 100 months. When your monthly earned income is less than $1,667 (equivalent to $20,000/year), your account will be placed in a deferment status, and you will not be required to make payments. If your cumulative payments reach the payment cap, then you make no further payments and your account is closed in good standing. The payments columns assume that your average earnings remain the same over the payment term. Your actual total payments may be a blend of monthly payments since your earnings may fluctuate over time. Remember that your earned income will depend on many factors, including your occupation, industry, and the area of the country in which you work. All dollar figures have been rounded to the nearest dollar.

Related to Payment Illustration

Payment of GST Payment of the additional amount will be made at the same time as payment for the supply is required to be made under this Contract.
Payment of Sales, Use or Similar Taxes All sales, use, transfer, intangible, recordation, documentary stamp or similar Taxes or charges, of any nature whatsoever, applicable to, or resulting from, the transactions contemplated by this Agreement shall be borne by the Sellers.
Payment of Wages With the agreement of the majority of the employees, the company may elect to pay wages weekly by electronic funds transfer (EFT) to up to two accounts of the employee’s choice.
Payment Invoicing The Contractor will be paid upon submission of invoices to the Customer after delivery and acceptance of commodities or contractual services is confirmed by the Customer. Invoices must contain sufficient detail for an audit and contain the Contract Number and the Contractor’s Federal Employer Identification Number.
Overtime Description For Paid Holidays: Holiday pay for all holidays shall be prorated based two hours per day for each day worked in the holiday week, not to exceed 8 hours of holiday pay. For Thanksgiving week, the prorated share shall be 5 1/3 hours of holiday pay for each day worked in Thanksgiving week. Overtime Time and one half the regular rate after an 8 hour day. Time and one half the regular rate for Saturday. Double time the regular rate for Sunday.
Payment Calculation District shall pay Contractor at a rate of $ per . District shall pay Contractor as described in attached Exhibit A
Payment for Working Overtime (a) For all work done outside ordinary hours, the rates of pay will be time and a half for the first two hours and double time thereafter. (b) Except as provided in clause 8.4, in computing overtime each day’s work will stand alone. (c) To avoid doubt, overtime provisions for shift workers are contained in clause 10.7.
Payments for Distribution Assistance and Administrative Support Services (a) Payments to the Distributor. In consideration of the payments made by the Fund to the Distributor under this Plan, the Distributor shall provide administrative support services and distribution services to the Fund. Such services include distribution assistance and administrative support services rendered in connection with Shares (1) sold in purchase transactions, (2) issued in exchange for shares of another investment company for which the Distributor serves as distributor or sub-distributor, or (3) issued pursuant to a plan of reorganization to which the Fund is a party. If the Board believes that the Distributor may not be rendering appropriate distribution assistance or administrative support services in connection with the sale of Shares, then the Distributor, at the request of the Board, shall provide the Board with a written report or other information to verify that the Distributor is providing appropriate services in this regard. For such services, the Fund will make the following payments to the Distributor:
Invoice Payment 3.1. The CUSTOMER shall pay all valid invoices submitted by the CONTRACTOR in accordance with the provisions of this Schedule in accordance with the provisions of Clause 5 of this Contract. 3.2. In the event of a disputed invoice, the CUSTOMER shall make payment in respect of any undisputed amount in accordance with the provisions of Clause 5 of this Contract and return the invoice to the CONTRACTOR within ten (10) Working Days of receipt with a covering statement proposing amendments to the invoice and/or the reason for any non-payment. The CONTRACTOR shall respond within ten (10) Working Days of receipt of the returned invoice stating whether or not the CONTRACTOR accepts the CUSTOMER’s proposed amendments. If it does then the CONTRACTOR shall supply with the response a replacement valid invoice. If it does not then the matter shall be dealt with in accordance with the provisions of Clause 21 of this Contract.
REPORT ON CONTRACT SALES ACTIVITY AND ADMINISTRATIVE FEE PAYMENT A. CONTRACT SALES ACTIVITY REPORT. Each calendar quarter, Supplier must provide a contract sales activity report (Report) to the Sourcewell Supplier Development Administrator assigned to this Contract. Reports are due no later than 45 days after the end of each calendar quarter. A Report must be provided regardless of the number or amount of sales during that quarter (i.e., if there are no sales, Supplier must submit a report indicating no sales were made). The Report must contain the following fields: • Participating Entity Name (e.g., City of Staples Highway Department); • Participating Entity Physical Street Address; • Participating Entity City; • Participating Entity State/Province; • Participating Entity Zip/Postal Code; • Participating Entity Contact Name; • Participating Entity Contact Email Address; • Participating Entity Contact Telephone Number; • Sourcewell Assigned Entity/Participating Entity Number; • Item Purchased Description; • Item Purchased Price; • Sourcewell Administrative Fee Applied; and • Date Purchase was invoiced/sale was recognized as revenue by Supplier. B. ADMINISTRATIVE FEE. In consideration for the support and services provided by Sourcewell, the Supplier will pay an administrative fee to Sourcewell on all Equipment, Products, and Services provided to Participating Entities. The Administrative Fee must be included in, and not added to, the pricing. Supplier may not charge Participating Entities more than the contracted price to offset the Administrative Fee. The Supplier will submit payment to Sourcewell for the percentage of administrative fee stated in the Proposal multiplied by the total sales of all Equipment, Products, and Services purchased by Participating Entities under this Contract during each calendar quarter. Payments should note the Supplier’s name and Sourcewell-assigned contract number in the memo; and must be mailed to the address above “Attn: Accounts Receivable” or remitted electronically to Sourcewell’s banking institution per Sourcewell’s Finance department instructions. Payments must be received no later than 45 calendar days after the end of each calendar quarter. Supplier agrees to cooperate with Sourcewell in auditing transactions under this Contract to ensure that the administrative fee is paid on all items purchased under this Contract. In the event the Supplier is delinquent in any undisputed administrative fees, Sourcewell reserves the right to cancel this Contract and reject any proposal submitted by the Supplier in any subsequent solicitation. In the event this Contract is cancelled by either party prior to the Contract’s expiration date, the administrative fee payment will be due no more than 30 days from the cancellation date.