Payments in Lieu Clause Samples
The Payments in Lieu clause allows one party to make a monetary payment instead of performing a specific obligation, such as providing goods, services, or other deliverables. In practice, this clause might be used if a party is unable to fulfill a contractual duty and instead compensates the other party with an agreed-upon sum. This arrangement provides flexibility in contract performance and ensures that the non-breaching party receives compensation, thereby mitigating potential losses or inconvenience caused by non-performance.
Payments in Lieu. In lieu of Annual Vacation, Reduced Work Week Leave (RWWL), Paid Holidays, Sick Leave and Health and Welfare, (excluding Pension Plan Benefits), Casual Employees shall be paid 17.58% of gross earnings on a bi-weekly basis.
Payments in Lieu. 6.6.1 Following Canada’s acquisition of lands for a Facility, payments in lieu of taxes will be dealt with in accordance with the Payments in Lieu of Taxes Act, S.C. 2000, c.8.
Payments in Lieu. In settlement of disagreements between the ---------------- parties as to their rights and obligations under the Contract, including but not limited to Executive's right to outplacement services, the Company will pay to Executive, promptly after the right to revoke an acceptance of this Agreement terminates, as provided in Paragraph 10 hereof, the sum of $25,000. The Company intends to make withholding and deductions in respect of this payment at the same rates as have been in effect in the case of Executive's compensation under the Contract.
Payments in Lieu. Of-Taxes (“PILOT” Payments): The Company will make PILOT payments as set forth in the PILOT Agreement to be executed by the parties. The estimated dates when PILOT payments are to be made and the estimated amounts to be paid to each affected taxing jurisdiction, or a formula by which the amounts will be calculated, are as follows: for a term of thirty (30) years, the Company will make a fixed annual PILOT payment of $6,000 per MWAC, increasing annually by two percent (2%), after which the Project will be subject to full real property taxes.
Payments in Lieu. In settlement of disagreements between the parties as to their rights and obligations under the Contract, including but not limited to ▇▇▇▇▇▇'▇ right to outplacement services and ▇▇▇▇▇▇'▇ right to a payment under the 1995 Management Incentive Plan for the year ended March 31, 1997, NMC will pay to ▇▇▇▇▇▇, within ten days after the date hereof, the sum of $125,000.00. Pursuant to ▇▇▇▇▇▇'▇ request, NMC will not withhold any amount in respect of taxes on such payment. NMC intends to make withholding and deductions at the same rates as have been in effect in the case of ▇▇▇▇▇▇'▇ compensation under the Contract.
Payments in Lieu. (a) RACV is not to give an employee a payment in lieu of long service leave, or in lieu of any part of long service leave, except as provided by this clause.
(b) An employee must not accept any payment in lieu of long service leave, or in lieu of any part of long service leave, except as permitted by this clause.
Payments in Lieu. Upon payment from Tenant to Landlord, within thirty (30) days of expiration of such Termination Period, and in addition to any and all other payments provided for herein, such that the total of all payments made by Tenant to Landlord within said Termination Period is at least equal to 5 percent (5%) of ten percent (10%) of the total of all GGR from all casinos which are then in either H▇▇▇▇▇▇▇ County, Mississippi or H▇▇▇▇▇▇ County, Mississippi during said Termination Period, then the exclusivity provided for in 20.1 above shall not terminate as of the end of that Termination Period.