Retention Amount Sample Clauses
Retention Amount. Notwithstanding the terms of this Appendix B, and without limiting the rights of the JBE under the Agreement, the JBE shall have the right at the time of Acceptance, with respect to those Deliverables in each Statement of Work, on a Statement of Work-by-Statement of Work basis, to withhold fifteen percent (15%) from the amounts to be paid by the JBE to Contractor therefor, until Acceptance of the final Deliverable under such Statement of Work. APPENDIX C: General Xxxxx and Conditions
Retention Amount. Notwithstanding the terms of this Appendix B, and without limiting the rights of the Judicial Council under the Agreement, the Judicial Council shall have the right at the time of Acceptance, with respect to those Deliverables in each Statement of Work, on a Statement of Work-by-Statement of Work basis, to withhold fifteen percent (15%) from the amounts to be paid by the Judicial Council to Contractor therefor, until Acceptance of the final Deliverable under such Statement of Work.
Retention Amount. FIRST RELEASE DATE
2.1. Subject to paragraphs 2.2 and 2.3 (inclusive), on the First Release Date the Seller and the Purchaser shall instruct the Escrow Agents to release to the Seller an amount equal to the First Retention Release Amount.
2.2. The First Retention Release Amount shall have deducted from it an amount equal to:
2.2.1. any Agreed Claim Amount(s) in respect of any Substantiated Claim(s) to the extent not already paid to the Purchaser;
2.2.2. any Agreed Estimate Amount(s) in respect of Relevant Claims that have not become Substantiated Claims; and
2.2.3. any Purchaser’s Estimate Amount(s) in respect of Relevant Claims that have not yet been dealt with under paragraph 7 of this Schedule 7 or in respect of which there is no Agreed Estimate Amount.
2.3. Any amounts deducted from the First Retention Release Amount shall be retained in the Escrow Account until they are determined or paid to the Purchaser or the Seller in accordance with the provisions of this Schedule 7.
2.4. If, subsequent to the First Release Date, any amounts deducted from the First Retention Release Amount pursuant to paragraphs 2.2.2 or 2.2.3 above are in excess respectively of the Agreed Claim Amount or Agreed Estimate Amount applicable to that Relevant Claim, the Seller and the Purchaser shall instruct the Escrow Agents to release to the Seller an amount equal to the amount of such excess provided that, at such time, there are no other Agreed Claim Amounts or Agreed Estimate Amounts or unresolved Purchaser’s Estimate Amounts referable to outstanding Relevant Claims commenced before the First Release Date which exceed the amount deducted from the First Retention Release Amount to the extent that it continues to be held in the Escrow Account. As and when such Relevant Claims are resolved or lapse the calculation referred to in the previous sentence shall be repeated to determine whether sums may at that point be released to the Seller.
2.5. If, subsequent to the First Release Date, any amounts deducted from the First Retention Release Amount pursuant to paragraphs 2.2.2 or 2.2.3 above relate to Relevant Claims which lapse, the Seller and the Purchaser shall instruct the Escrow Agents to release to the Seller an amount equal to the amount deducted provided that, at such time, there are no other Agreed Claim Amounts or Agreed Estimate Amounts or unresolved Purchaser’s Estimate Amounts referable to outstanding Relevant Claims commenced before the First Release Date which exceed the...
Retention Amount. The beginning balance, the amount added with respect to Additional Receivables or quarterly reserve loss deficiency, the amount subtracted with respect to approved claims and quarterly reserve loss surplus, and the ending balance.
Retention Amount. Notwithstanding the terms of this Appendix B, and without limiting the rights of the Court under the Agreement, the Court shall have the right at the time of Acceptance, with respect to those Deliverables in each Statement of Work, on a Statement of Work-by-Statement of Work basis, to withhold fifteen percent (15%) from the amounts to be paid by the Court to Contractor therefor, until Acceptance of the final Deliverable under such Statement of Work.
Retention Amount. An amount equal to the Retention Amount shall be on deposit in the Lockbox Account.
Retention Amount. During the implementation phase of this project, at least ten (10) percent of each invoice shall be withheld by the JBE and the aggregate amount withheld shall be paid to Contractor upon delivery and acceptance by JBE of the final implementation deliverable required by this Agreement and applicable Statement of Work. END OF EXHIBIT 8 CONTRACTOR EXPENSE AND TRAVEL REIMBURSEMENT GUIDELINES All travel-related expenses must be approved in advance by the JBE. The JBE policy and limits on reimbursable travel-related expenses are listed below. Lodging – Receipts are required and each day of lodging claimed must be listed separately. Maximum rates are listed below.
1. In-state - Actual costs are reimbursable up to a maximum per day rate of $250 for San Francisco county; $140 for Alameda, San Mateo, and Santa Xxxxx counties; $120 for Los Angeles, Orange and Ventura counties; and $110 for all other counties, plus tax and energy surcharge.
2. Out-of-state – Actual costs are reimbursable with appropriate prior approval. Meals – Actual costs are reimbursable up to the limits stated below for continuous travel of more than 24 hours.
1. Breakfast – Up to $8.
2. Lunch – Up to $12.
3. Dinner – Up to $20. For continuous travel of less than 24 hours, actual expenses up to the above limits may are reimbursable if:
1. Travel begins one hour before normal work hours – Breakfast may be claimed.
2. Travel ends one hour after normal work hours – Dinner may be claimed.
Retention Amount. Notwithstanding the terms of this Appendix B, and without limiting the rights of the JCC under the Agreement, the JCC shall have the right at the time of Acceptance, with respect to those Deliverables in each Statement of Work, on a Statement of Work-by-Statement of Work basis, to withhold fifteen percent (15%) from the amounts to be paid by the JCC to Contractor therefor, until Acceptance of the final Deliverable under such Statement of Work. Description of Work provided by Contractor: Work is:
1) Submitted on time: [ ] yes [ ] no. If no, please note length of delay and reasons.
Retention Amount. As additional consideration for this Agreement, as well as the Nonsolicitation and Noncompete Agreement, the Company agrees to place the sum of $1,000,000 in an interest bearing account, which will be invested in accordance with the Company’s deferred compensation policy (such amount, plus any interest or other earnings accruing thereon, the “Retention Amount”). In the event that Employee voluntarily terminates employment with the Company or is terminated for “Misconduct” (as defined below) prior to the completion of four (4) years of continuous employment commencing on the Effective Date, Employee shall forfeit all rights to any portion of the Retention Amount. In the event that Employee completes four (4) years of continuous employment commencing on the Effective Date or is terminated by the Company for any reason other than Misconduct prior to such time, Employee shall receive the Retention Payment not later than fifteen (15) days after the fourth anniversary of the Effective Date or such earlier Date of Termination (defined below). Employee shall be responsible for all applicable taxes in respect of the Retention Amount.
Retention Amount. Not Applicable. APPENDIX C: General Xxxxx and Conditions