Renting Below the Benchmark Sample Clauses

Renting Below the Benchmark. Service personnel can rent a property that costs less than the benchmark and the Rental Payment will not ordinarily be adjusted. This means that if a Service person rents a property costing less than the benchmark cost, they will have a smaller personal contribution. The value of the monthly rental payment must not exceed the actual rent paid by the Service person. Therefore, if the rent for the chosen property is less than the entitled rental payment, the rental payment will need to be reduced (see figure two). This will be checked by Unit HR when the Service person submits their rental agreement. If during the tenancy the rental payment starts to exceed the rent, the Service person must tell Unit HR. In these instances, Unit HR should stop the rental payment from the date it begins to exceed the rent and place the Service person on a Specially Approved Rate (SAR) at the value of the rent instead. If a Service person is found through annual checks or audit to be receiving a rental payment greater than their actual rent, the overpayment will be reclaimed. If renting below the benchmark, Service personnel should carefully consider whether the size and standard of accommodation is suitable for them and their family. Figure Two: Renting above and below the benchmark
Sample 1
AutoNDA by SimpleDocs

Related to Renting Below the Benchmark

  • NOW, THERFORE in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

  • NOW IT IS HEREBY AGREED as follows:

  • NOW IT IS HEREBY AGREED as follows:

  • NOW THEREFORE, IT IS AGREED 1.1 Transnet hereby appoints the Service Provider to provide, and Transnet undertakes to accept the supply of Goods / provision of Services provided for herein, as formally agreed between the Parties and in accordance with the Schedule of Requirements / Work Orders issued as a schedule to this Agreement; and

  • NOW, THEREFORE the parties agree as follows:

  • NOW THIS AGREEMENT WITNESSETH 1. Subject to the context the words and expressions used in this Agreement have the same meanings respectively as they have in and for the purpose of the Principal Agreement.

  • NOW THEREFORE THIS AGREEMENT WITNESSETH that, in consideration of the mutual covenants and provisos herein contained, THE PARTIES HERETO AGREE AS FOLLOWS:

  • Falls Far Below Target  Upon further review following a preliminary Pending rating, the Commission identifies significant financial risk and has concerns about financial viability such that heightened monitoring and/or intervention are necessary. 2.b.

  • NOW THIS AGREEMENT WITNESSETH AS FOLLOWS 1. In this Agreement words and expressions shall have the same meanings as are respectively assigned to them in the Conditions of Contract referred to.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

Time is Money Join Law Insider Premium to draft better contracts faster.