Retention Fund. 6.01 The University may increase salaries of continuing members of the bargaining unit for the purpose of retention. Any such increase in salary (which may occur at any time of the year) will reflect market considerations where market is disciplinary and/or merit based. In all circumstances, merit of the individual(s) must be demonstrated in market considerations. The total disbursement shall be $600,000 over the two years of the Agreement, with $200,000 to be distributed in the first year (2012-2013), and $400,000 in the second year (2013-2014). The Faculty Association will receive an annual report of any such salary changes and the reasons for them. A list of those faculty members who are awarded retention shall be distributed individually to all members of the unit.
Retention Fund. If the Contractor has been notified under Clause 79.3 (Results of Survey) that rectification and/or maintenance work is required, six (6) Contract Months prior to the Expiry Date the Authority shall (to the extent that the Outstanding Work has not been carried out in the interim) deduct the costs of that work as quantified by that survey referred to in Clause 79.1 (Final Survey) from the next following instalment (or, if the amount of such instalment is insufficient, the next instalments as necessary) of the Unitary Charge and pay such amount into an interest bearing account (the "Retention Fund Account") until this Contract has expired or terminated (subject to Clause 79.6 (Costs)).
Retention Fund. If the Contractor has been notified under clause 47.3.1 (Results of Survey) that rectification and/or maintenance work is required then twelve (12) months prior to the Expiry Date the Authority shall[, if an acceptable on demand bond has not been provided pursuant to clause 47.5.2,149] (to the extent the Outstanding Works have not been carried out in the interim) deduct the costs of that work as quantified by the survey referred to in clause 47.1 (Final Survey) from the next following instalment (or, if the amount of such instalment is insufficient, the next instalments as necessary) of the Monthly Unitary Payment and pay such amount into an interest bearing account (the Retention Fund Account) until this Agreement has expired or terminated (subject to clause 47.6 (Costs)). [The Contractor shall have the right to provide an on-demand payable bond to the Authority from a UK clearing bank or other financial institution reasonably acceptable to the Authority in lieu of the deductions referred to in clause 47.5.1 as security for the cost of the rectification and/or maintenance work required. The Authority shall have the right to refuse such a bond if it is not satisfied that the terms and value of the bond offered would offer security at least equivalent to that provided by the retention fund described at clause 47.5.1.]
Retention Fund. 6.01 The University may increase salaries of continuing members of the bargaining unit for the purpose of retention. Any such increase in salary (which may occur at any time of the year) will reflect market considerations where market is disciplinary and/or merit based. In all circumstances, merit of the individual(s) must be demonstrated in market considerations. The total disbursement shall be $500,000 over the two years of the Agreement. The Faculty Association will receive an annual report of any such salary changes and the reasons for them. A list of those faculty members who are awarded retention shall be distributed individually to all members of the unit.
Retention Fund. 31.17.1 The Employer shall withhold from the Contractor retention of 10% up to a maximum amount of 5% of the contract amount of all payments made before the issuing of the certificate of practical completion. No interest is to be paid to the Contractor on the retention. The retention fund shall be held by the Employer as a guarantee to the Employer for the completion of the contract. 31.17.2 Fifty percent (50%) of the retention fund shall be released to the Contractor on the issuing of the certificate of practical completion, and the remainder on the issuing of final completion on certificate and acceptance of the final account.. Adjustment of the contract value (clause 32)
Retention Fund. This Retention Fund Instruction Letter relates to the Escrow Account as defined in an agreement (“the Share Purchase Agreement”) dated {DATE} 2004 between inter alia the Vendor and the Purchaser (each as defined in the Share Purchase Agreement) relating to the sale and purchase of the issued share capital of Via Xxx.Xxxxx UK Limited. Words and expressions defined in the Share Purchase Agreement shall, save as otherwise defined or as the context may require in this letter, have the same meanings in this letter. We hereby jointly and irrevocably instruct you as follows:
Retention Fund. If the Contractor has been notified under Clause 41.5.1 that rectification and/or maintenance work is required, in the 12 months prior to the Expiry Date the Authority shall deduct the estimated cost (as such estimate may be updated from time to time) of that work as quantified by the Final Survey in equal amounts from each Monthly Unitary Charge(s) payable after such date and pay such amounts into an interest bearing account in the name of the Authority (the Retention Fund Account) until this Agreement has expired or terminated or the Contractor has procured the carrying out of rectification and/or maintenance work so as to achieve the Required Standard. The Authority shall make withdrawals from the Retention Fund Account only in accordance with this Clause 41.
Retention Fund. 28. From the total amount certified by the engineers from time to time as the value of work executed in accordance with the specification and calculated on the schedule of prices the company shall be entitled to retain ten per cent. to form a retention fund until the amount of this fund is £5,000. The retention fund shall be invested in the Debentures of the company and the contractors shall take the loss or benefit arising from fluctuations in the market price of such securities and shall receive any interest or dividend paid. Within one month of the date of the engineers' certificate of completion the company shall refund to the contractors one half of the retention fund less any deductions in respect of obligations imposed on the contractors as defined in this specification and provided that the contractors shall have duly proceeded to the satisfaction of the engineers with the execution of minor matters necessary to the termination of the contract which were incomplete at the date of the certificate of completion. (END OF PAGE 18)
Retention Fund. For 2018/19, the university received
Retention Fund. The University may increase salaries of continuing members of the bargaining unit for the purpose of retention. Any such increase in salary (which may occur at any time of the year) will reflect 4 For the minimum salary scales for Sessional Lecturers and the full-time loads for each Faculty, see also xxx.xx.xxx.xx/xxxxxxx- relations/compensation/. market considerations where market is disciplinary and/or merit based. In all circumstances, merit of the individual(s) must be demonstrated in market considerations. The total disbursement shall be $3.2 million over the four years of the Agreement, with no more than $400,000 to be distributed in the first year (2006-2007), no more than $800,000 in the second year (2007-2008) and no more than $1 million in the third year (2008-2009). The Faculty Association will receive an annual report of any such salary changes and the reasons for them. A list of those faculty members who are awarded retention shall be distributed individually to all members of the unit.
