Retirement Costs Clause Samples

Retirement Costs. Each of the Unit 1 Owners shall be responsible for paying its pro rata share (based on its Unit 1 Ownership Interest) of the aggregate amount of all costs and expenses prudently incurred to retire permanently Unit 1 from service, including decommissioning, dismantling, demolishing and removal of equipment, facilities and structures, security, maintenance, disposing of debris, abandonment and all other costs and expenses prudently incurred to retire permanently Unit 1 from service, net of any amounts recovered in connection with the sale of any retired equipment, facilities and structures.

Retirement Costs. All costs (less salvage credits, if any) associated with retirement of ▇▇▇▇▇▇▇ County Unit 1 and the ▇▇▇▇▇▇▇ County General Plant Facilities and the ▇▇▇▇▇▇▇ County Site as they pertain to ▇▇▇▇▇▇▇ County Unit 1, including, without limitation, dismantling, demolishing, and removal of equipment, facilities, and structures; security; maintenance; disposing of debris; and any site work necessary to lawfully and responsibly effect such retirement, shall be . shared by the Parties in proportion to their respective percentage ownership interests in ▇▇▇▇▇▇▇ County Unit 1. Payments for these costs (less salvage credits, if any) as they are expected to be incurred, shall be made in accordance with the provisions of Article 8. If such salvage credits exceed such costs, the difference shall be shared by the Parties In proportion to their respective percentage ownership interests In ▇▇▇▇▇▇▇ County Unit 1.

Retirement Costs. Each of the Participants shall be responsible for paying its pro rata share (based on its Ownership Interest at the time of retirement of the Plant) of the aggregate amount of all costs and expenses prudently incurred to retire permanently the Plant or any Unit, as applicable, from service, including decommissioning, dismantling, demolishing and removal of equipment, facilities and structures, security, maintenance, disposing of debris, abandonment and all other costs and expenses incurred to retire permanently the Plant or any Unit, as applicable, from service, net of any amounts recovered in connection with the sale of any retired equipment, facilities and structures.

Retirement Costs. 42 ARTICLE XI OWNERS’ VOTING RIGHTS.............................................................................42

Retirement Costs. All costs (less salvage credits, if any) associated with retirement of the ▇▇▇▇▇▇▇ County Unit 2 Project or portions thereof including: dismantling, demolishing, and removal of equipment, facilities, and structures (including the cost of transportation and handling incidental thereto); security; maintenance; disposing of debris; and any site work necessary to lawfully and responsibly effect such retirement, shall be shared by the Parties in proportion to their respective Percentages. Payments for these costs (less salvage credits, if any) as they are incurred, shall be made in accordance with the provisions of Article 10. If such salvage credits exceed such costs, the difference shall be shared by the Parties in proportion to their respective Percentages.

Retirement Costs. Costs incurred on the dismissal or early retirement of ALW Staff other than Reorganisation Costs and Exit Redundancy Costs: Exit Redundancy Costs: Redundancy and dismissal costs which may be

Retirement Costs. All costs (less salvage credits, if any) associated with retirement of the Facility or portions thereof including dismantling, demolishing, and removing equipment, facilities, and structures (including the cost of transportation and handling incidental thereto); security; Maintenance; disposing of debris; and any site work necessary to lawfully and responsibly effect such retirement and the costs of any remediation, site restoration or monitoring shall constitute Operating Expenses and shall be shared by the Participants in proportion to their respective Percentages. Payments for these costs shall be made as reasonably directed by the Management Committee.

Retirement Costs. The Group operates a defined contribution retirement benefits scheme for those employees who are eligible to participate in the scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. Contributions are made based on a percentage of the participating employees’ basic salaries and are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. When an employee leaves the scheme prior to his/her interest in the employer’s contributions becoming fully vested, the amount is forfeited and recognised to the profit and loss account when refunded.