Superannuation Guarantee Charge Sample Clauses

Superannuation Guarantee Charge. If we reasonably determine that we are required to make superannuation contributions in respect of your engagement to avoid being liable for the superannuation guarantee charge under the Superannuation Guarantee Legislation: (a) we will notify you as soon as practicable that we have made this determination; and (b) you authorise and direct us: (i) to make such contributions; and (ii) to withhold the amounts contributed from the Contract Fees otherwise payable (including any amounts that we have determined we must contribute with respect to any prior period to avoid being liable for the superannuation guarantee charge). (c) Other than as specified in Clause 6.4, we will have no obligation to make superannuation contributions in respect of the engagement of or any amounts paid to you. (d) For the purposes of Clause 6.4, "Superannuation Guarantee Legislation" means the Superannuation Guarantee Charge Act 1992 (Cth) and the Superannuation Guarantee (Administration) Xxx 0000 (Cth).
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Superannuation Guarantee Charge. The company will continue to make contributions to nominated complying superannuation funds in accordance with the relevant superannuation guarantee legislation (employer contributions).
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Superannuation Guarantee Charge. The superannuation guarantee charge imposed by Australia in respect of employment exercised in the JPDA in a year may be applied only in so far as it relates to employees who are residents of Australia, in which case it may be applied without reduction.
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Superannuation Guarantee Charge. The employer contribution shall be 10 % instead of the employer’s statutory 9% Superannuation Guarantee. Should the Federal Government increase the Superannuation Guarantee percentage to a percentage rate above 10%, Utilities Management will contribute at the higher rate. 5.1 NORMAL HOURS - DAY WORKERS a) The ordinary hours of work are an average of 37.5 hours per week exclusive of meal breaks worked in the span between 7 a.m. - 5.30 p.m. Monday to Friday inclusive. b) As from 1 July 2006, Appendix 1B employees will convert to a 36 hour week. That arrangement will operate on a minutes off per day basis from the existing arrangements by alteration of the finish time. For example, an employee on a 9 day fortnight will cease work 20 minutes earlier than their arrangement under a 37.5 hour week. Any other alteration to start and finish times subsequent to the operation of the 36 hour week shall be by agreement. c) The spread of ordinary hours of work may be altered by a certified local Enterprise Agreement or special arrangement pursuant to a facilitative Agreement (Clause 11 of the Terms and Conditions). d) Within the above parameters, the start and finish times and the length of the working day are by agreement between employees and local management.
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Superannuation Guarantee Charge. The employer contribution shall be 10.25% instead of the employer’s statutory 9.25% Superannuation Guarantee. For the life of this Agreement, should the Federal Government increase the Superannuation Guarantee percentage to a rate above 9.25%, Utilities Management will contribute at a rate 1% higher than the rate prescribed by the Federal Government. The increase will take effect from the date prescribed by the Federal Government. 5.1 NORMAL HOURS - DAY WORKERS a) The ordinary hours of work are an average of 37.5 hours per week exclusive of meal breaks worked in the span between 7 a.m. - 5.30 p.m. Monday to Friday inclusive. b) From 1 July 2006, Appendix 1B employees converted to a 36 hour week. That arrangement operates on a minutes off per day basis from the previously existing arrangements by alteration of the finish time. For example, an employee on a 9 day fortnight will cease work 20 minutes earlier than their arrangement under a 37.5 hour week. Any other alteration to start and finish times subsequent to the operation of the 36 hour week shall be by agreement. c) Within the above parameters, the start and finish times and the length of the working day are by agreement between employees and local management.
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Superannuation Guarantee Charge. None of the Companies or any of the Company Subsidiaries will be liable to pay the superannuation guarantee charge in respect of any of its directors, employees or sub-contractors for any contribution period (as defined in the SGA Act) up to the Closing Date.
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Related to Superannuation Guarantee Charge

  • Superannuation 13.1 The Employer shall contribute, on behalf of the Employee, superannuation to a fund that will be nominated by the Employer, in accordance with the requirements of the relevant, prevailing superannuation legislation.

  • Superannuation fund Unless, to comply with superannuation legislation, the employer is required to make the superannuation contributions provided for in Clause 24(b) to another superannuation fund that is chosen by the employee, the employer must make the superannuation contributions provided for in Clause 24(b) and pay the amount authorised under Clauses 24(d)(i) or 24(d)(ii) to one of the following superannuation funds: (i) Health Employees Superannuation Trust of Australia (HESTA); (ii) any superannuation fund to which the employer was making superannuation contributions for the benefit of its employees before 12 September 2008, provided the superannuation fund is an eligible choice fund and is a fund that offers a MySuper product or is an exempt public sector scheme.

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

  • REINSURANCE PREMIUM The YRT Reinsurance Premium for each coverage shall equal (i) x (ii) x (iii) / 1,000, where:

  • Interest Subsidy and Special Allowance Payments and Rebate Fees The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Additional Loan or Substituted Loan accruing up to but not including the related Subsequent Cutoff Date and shall be responsible for the payment of any rebate fees applicable to such Purchased Loans subject to the related Xxxx of Sale accruing up to but not including the related Subsequent Cutoff Date. The Purchaser and the Eligible Lender Trustee on behalf of the Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the related Subsequent Cutoff Date with respect to the Additional Loans or Substituted Loans, and shall be responsible for the payment of any rebate fees applicable to the Additional Loans accruing from the date of the related Subsequent Cutoff Date.

  • Reinsurance Premiums A. The total Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject to change in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value shall be applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit II. G. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, as described in Schedule A, at time of continuance, and shall be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and shall be calculated on an aggregate basis. J. The Cedent shall calculate the Reinsurer's Percentage of the greater of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basis.

  • Group Insurance Plan The carriers, coverage, and terms and conditions of participation under the District’s Group Insurance Plan are subject to change in accordance with the applicable provisions of Title I, Division 4, Chapter 10 of the California Government Code (Section 3500 et seq.) (Xxxxxx‐Milias‐Xxxxx Act). a. The District contracts with CalPERS for health plan coverage for all regular and newly hired employees (eligibility to be defined by the “CalPERS health plan”). Booklets on the insurance plans will be available to all participants. b. Employees may choose from the available plans offered by CalPERS. Additional premiums will be borne by the employee through payroll deductions and paid to CalPERS by the District each month; and the additional cost for monthly premiums will be deducted evenly from the first and second payroll period of each month. To the extent allowed by law, the District will attempt to deduct the employee’s premium contribution from pre‐tax dollars.

  • PREMIUM TAX The Reinsurer will not reimburse the Ceding Company for premium taxes.

  • Longevity Payments (a) Longevity payments as set out in the salary schedule in Appendix A-1 (Interest Arbitration ineligible employees) and Appendix A-2 (Interest Arbitration eligible employees) will be provided to eligible employees upon completion of 10, 15, 20 and 25 years of continuous service. Continuous service shall mean time in a title or combination of titles which have existed and/or presently exist in the Security Services Unit, Agency Police Services Unit or Security Supervisors Unit. Such payment will be added to base pay effective on the payroll period which next begins following the actual completion of 10, 15, 20 and 25 years of continuous service. (b) In no event may an employee's basic annual salary exceed the longevity maximum of the salary grade as the result of the longevity payment or adjustment. (c) Employees whose basic annual salary after the application of the general increase and implementation of the new salary schedule is above the job rate will be considered to have received longevity payments in the amount by which their basic annual salary exceeds the job rate for their grade. (d) Such longevity payments will be added to and considered part of base pay for all purposes except for determining an employee's change in salary upon movement to a different salary grade and his potential for movement to the job rate of the new grade, after which determination the appropriate longevity payments will be restored. (e) The longevity amount for all employees will be adjusted to reflect the longevity payments which are appropriate to their current salary grade.

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