PAYMENT OF ENTITLEMENT MONIES Sample Clauses

PAYMENT OF ENTITLEMENT MONIES. (a) Subject to subsections 3.01(d) and (e) and section 10.01, Canada agrees to deposit into the Trust Account, for and on behalf of the Band, Canada's portion of the Entitlement Monies within the time frame set forth in subsection 3.01(b) together with all Entitlement Monies received by Canada from Saskatchewan within fifteen (15) days of receipt thereof by the Treaty Land Entitlement (Saskatchewan) Fund. (b) In the event of any failure by Canada to pay Canada's portion of the Entitlement monies to the Trust Account for and on behalf of the Band within the time frames specified in subsection 3.01(b), or in the event of any failure on the part of Canada to deposit to the Trust Account Saskatchewan's portion of the Entitlement Monies within fifteen (15) days of the actual date of payment thereof by Saskatchewan to the Treaty Land Entitlement (Saskatchewan) Fund, then the Band shall be entitled to payment by Canada of interest on the unpaid balance of the Entitlement Monies then due, calculated at the Interest Rate plus two percent (2%) per annum from the date such payment was required to be deposited into the Trust Account to and including the date of payment thereof. All interest payments payable hereunder shall accrue to the benefit of the Band and shall be deposited into the Trust Account by Canada concurrent with the payment of Entitlement Monies pursuant to subsection 3.01(b) and shall constitute part of the Entitlement Monies for the purpose of the Trust Agreement.
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PAYMENT OF ENTITLEMENT MONIES. (a) Subject to subsection 10.01, Canada agrees to deposit into the Trust Account for and on behalf of the Band, the Entitlement Monies within the time frame set forth in subsection 3.01(b). (b) In the event of any failure by Canada to make any direct payments to the Trust Account for and on behalf of the Band within the time frames specified in subsection 3.01(b), then the Band shall be entitled to payment by Canada of interest on the unpaid balance of the Entitlement Monies then due, calculated at the Interest Rate plus two percent (2%) per annum from the date such payment was required to be deposited into the Trust Account pursuant to subsection 3.01(b) to and including the date of payment thereof. All interest payments payable hereunder shall accrue to the benefit of the Band and shall be deposited into the Trust Account by Canada concurrent with the payment of Entitlement Monies pursuant to subsection 3.01(b) and shall constitute part of the Entitlement Monies for the purpose of the Trust Agreement.
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PAYMENT OF ENTITLEMENT MONIES. (a) Subject to subsection 3.06(c) Canada agrees to deposit the Entitlement Monies in accordance with section 3.02 hereof upon the complete satisfaction and occurrence of each condition precedent specified in subsection 10.02(a) hereof, or within 30 days of the satisfaction and occurrence of the last of the conditions precedent specified in subsection 10.02(a) hereof required to be satisfied. (b) Notwithstanding the provisions of subsection (a), nothing in the Agreement shall obligate Canada to pay the Entitlement Monies prior to the Execution Date. (c) In the event the deposit of the Entitlement Monies is not made by Canada on the Execution Date, Canada shall pay interest on the Entitlement Monies from the Execution Date at the Interest Rate calculated to and until the date the deposit of the Entitlement Monies pursuant to section 3.02 is made and the Band hereby authorizes Canada to deposit all such interest due to the Band hereunder into the Trust Account at the Institution for the purpose and with the intention stated in section 4.01 of this Agreement.
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Related to PAYMENT OF ENTITLEMENT MONIES

  • Entitlement to payment An employee shall be entitled to payment by the employer for ordinary time lost through inclement weather for up to 32 hours in every four weeks. For the purpose of this sub- clause the following conditions shall apply: 24.12.1 The first period shall be deemed to commence on 11 January 1999 and subsequent periods shall commence at four weekly periods thereafter. 24.12.2 An employee shall be credited with 32 hours at the commencement of each four weekly period. 24.12.3 The number of hours at the credit of any employee at any time shall not exceed 32 hours. 24.12.4 If an employee commences employment during a four weekly period the employee shall be credited 32 hours where the employee commences on any working day within the first week; 24 hours where the employee commences on any working day within the second week; 16 hours where the employee commences on any working day within the third week; and 8 hours where the employee commences on any working day within the fourth week. 24.12.5 No employee shall be entitled to receive more than 32 hours inclement weather payment in any period of four weeks. 24.12.6 The number of hours credited to any employee under this clause shall be reduced by the number of hours for which payment is made in respect of lost time through inclement weather. 24.12.7 Payment under this clause shall be weekly. 24.12.8 Provided further and subject to 30.9.4 hereof, an employee working on a part-time basis pursuant to the award shall be entitled to payment on a pro-rata basis according to the number of ordinary hours agreed to be worked in the four week period. The method of calculation of a part-time daily hire employee’s proportionate entitlement shall be as follows:

  • Leave Entitlement An eligible employee is entitled to take up to a total of twelve (12) 41 work weeks of FMLA leave in a 12-month period, to be measured backwards from the 42 commencement date the employee uses FMLA leave. An eligible employee taking leave 43 under Article 12.02(10)(b) shall be permitted to take up to 26 work weeks of leave in a 44 12-month period.

  • Leave Entitlements (a) A sessional practitioner shall be entitled to pro rata leave entitlements (excluding paid overseas study leave) in the same ratio as the number of sessions allocated bears to 10. If during any qualifying period the number of sessions allocated to a sessional practitioner varies, the number shall be averaged over the qualifying period. (b) A sessional practitioner shall be entitled to paid public holidays in accordance with Clause 31 – Public Holidays if the public holidays occur on a day on which a session is normally worked. If a sessional practitioner is required to work on a public holiday the provisions of Clause 28(6) shall apply.

  • Overtime Entitlement (a) An employee will be entitled to compensation for authorized overtime in excess of: (1) the scheduled daily hours; or (2) the maximum daily hours for those employees on flextime; or (3) the agreed averaging period. (b) For the purposes of calculating the hourly rate for overtime, an employee's biweekly rate shall be divided by 70. (c) Overtime shall be compensated in 30-minute increments; however, employees shall not be entitled to any compensation for periods of overtime of less than five minutes per day.

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