Period of Benefits Sample Clauses

Period of Benefits. The tax benefits provided for herein should be deemed to include (i) the 2024-25 School District tax year through the 2038-2039 School District tax year, and (ii) the 2025 County and Town tax years through the 2039 County and Town tax years. This Tax Agreement shall expire on December 31, 2039; provided, however, the Company shall pay (i) the 2039-40 School District tax bill, and (ii) the 2040 County and Town tax bills on the dates and in the amounts as if the Agency were not in title on the tax status date with respect to said tax years. In no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the periods provided for herein, unless the period is extended by amendment to this Tax Agreement executed by both parties after any applicable public hearings. The Company agrees that it will not seek any tax exemption for the Facility while this Tax Agreement is in effect, which could provide benefits for more than the periods provided for herein and specifically agrees that the exemptions provided for herein, to the extent actually received (based on the number of lease years elapsed), supersede and are in substitution of the exemptions provided by Section 485-b of the RPTL. It is hereby agreed and understood that the Affected Tax Jurisdictions can rely upon and enforce the above waiver to the same extent as if they were signatories hereto.
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Period of Benefits. The tax benefits provided for herein shall be deemed to include for the Land, the Existing Improvements, if any, and the Improvements for (i) the 2024 County and Town tax year through the 2033 County and Town Tax year, and (ii) the 2023/2024 School District tax year through the 2032/2033 School District tax year. This PILOT Agreement shall expire on December 31, 2033; provided, however, the Company shall pay the 2034 County and Town tax bill and the 2033/2034 School tax bill on the dates and in the amounts as if the Agency were not in title on the tax lien date with respect to said tax years. In no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the periods provided for herein, unless the period is extended by amendment to this Agreement executed by both parties after any applicable public hearings. The Company agrees that it will not seek any tax exemption for the Facility which could provide benefits for more than the periods provided for herein and specifically agrees that the exemptions provided for herein, to the extent actually received (based on the number of lease years elapsed), supersede and are in substitution of the exemptions provided by Section 485-b and 485-e of the New York Real Property Tax Law (“RPTL”). It is hereby agreed and understood that the Affected Tax Jurisdictions can rely upon and enforce the above waiver to the same extent as if they were signatories hereto.
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Period of Benefits. The tax benefits provided for herein shall be deemed to include: (i) the 2020 County tax year through the 2037 County tax year, and (ii) the 2019-20 City tax year through the 2036-37 City tax year. This Tax Agreement shall expire
Sample 1
Period of Benefits. The tax benefits provided for herein shall be deemed to include: (i) the 2025 County tax year and (ii) the 2024-2025 City tax year. This Tax Agreement shall expire on December 31, 2025 (with the understanding that the Company will be making a payment hereunder for the 2026 County tax year and the 2025- 2026 City tax year in the amounts as if the Agency were not in title on the tax lien date with respect to said tax years). In no event shall the Company be entitled to receive tax benefits relative to the Facility for more than the periods provided for herein, unless the period is extended by amendment to this Agreement executed by both parties after any applicable public hearings. The Company agrees that it will not seek any tax exemption for the Facility which could provide benefits for more than the periods provided for herein and specifically agrees that the exemptions provided for herein, to the extent actually received (based on the number of lease years elapsed), supersede and are in substitution of the exemptions provided by Section 485-b of the RPTL; provided, the foregoing shall not be interpreted to limit the Company and Agency from subsequently agreeing to additional benefits based upon commitments to make additional improvements or changes in use from time to time between the Agency and the Company. It is hereby agreed and understood that the Affected Tax Jurisdictions can rely upon and enforce the above waiver to the same extent as if they were signatories hereto.
Sample 1
Period of Benefits. Subject to the provisions of Section 1.3.4 and Article V of this Agreement, the Company shall have the right to terminate this Agreement or terminate this Agreement with respect to a portion of the real property subject to this Agreement, whereupon the Lease Agreement shall be terminated, or in the case of a partial termination the real property which is the subject of the partial termination shall be released from the Lease Agreement, and the real property, or portion thereof, as the case may be, shall automatically become taxable and be placed on the taxable rolls. Nothing herein shall affect the Company’s right under the Act to enter into a new PILOT agreement or a new lease agreement with the Agency.
Sample 1
Period of Benefits. The tax benefits provided for herein should be deemed to include (i) the 2023-24 School District tax year through the 2052-53 School District tax year, and
Sample 1
Period of Benefits. Subject to the extension provided in Section 2, Players will continue to receive the benefits provided in this Article through the end of the Plan Year in which they are released or otherwise sever employment. Players vested due to their Credited Seasons under the Retirement Plan who are released or otherwise sever employment after May 1 in a calendar year will continue to receive the benefits provided under this section until the first regular season game of the season that begins in the following calendar year. Group benefits are guaranteed during the term of this Agreement unless required to be modified by law.
Sample 1
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Related to Period of Benefits

  • Duration of Benefits Eligibility for Income Protection benefits will cease upon the earliest of the following dates:

  • Payment of Benefits a) In computing the amount of disability benefits, disability will be considered as starting from the first day of disability; however, an employee must be certified by a medical practitioner for the disability within the first three days of disability. In the event that the employee is not certified within the first three days, disability will be considered as starting two complete days prior to the day that the employee is actually certified by a medical practitioner.

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • Restoration of Benefits The correction method should restore the plan to the position it would have been in had the failure not occurred, including restoration of current and former participants and beneficiaries to the benefits and rights they would have had if the failure had not occurred.

  • Effective Date of Benefits A Subscriber is entitled to the benefits of this Agreement upon the effective date of coverage. The effective date will be assigned by Blue Shield and is the later of the following dates: 1) on the first day of the month following the date a properly completed application is received, and if underwriting is required when approved, by Blue Shield or 2) on the date established by Blue Shield if confirmation of a disenrollment from a Medicare Advantage plan or other health plan or policy is required before cover- age can begin under this Agreement.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

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