Supplemental Payment. In the event that NYISO determines that a Prepayment is less than the charges incurred or estimated to be incurred by Customer for purchases of Energy and Ancillary Services in the week for which the Prepayment is made, Customer shall make a supplemental payment upon written demand by NYISO. NYISO shall specify in its demand the amount of the supplemental payment and the time for such payment to be made; provided, however, that the payment shall not be due sooner than 4:00 P.M. EST on the next business day.
Supplemental Payment. Notwithstanding the foregoing:
A. The total of the Supplemental Payments made pursuant to this Article shall not exceed for any calendar year of this Agreement an amount equal to the greater of One Hundred Dollars ($100.00) per student per year in average daily attendance, as defined by Section 42.005 of the TEXAS EDUCATION CODE, or Fifty Thousand Dollars ($50,000.00) per year times the number of years beginning with the first complete or partial year of the Qualifying Time Period identified in Section 2.3.C and ending with the year for which the Supplemental Payment is being calculated minus all Supplemental Payments previously made by the Application.
B. Supplemental Payments may only be made during the period starting the first year of the Qualifying Time Period and ending December 31 of the third year following the end of the Tax Limitation Period.
C. The limitation in Section 6.2.A does not apply to amounts described by Section 313.027(f)(1)–(2) of the TEXAS TAX CODE as implemented in Articles IV and V of this Agreement.
D. For purposes of this Agreement, the calculation of the limit of the annual Supplemental Payment shall be the greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance as calculated pursuant to Section 42.005 of the TEXAS EDUCATION CODE, based upon the District’s Average Daily Attendance for the previous school year. Failure to pay such Supplemental Payments shall constitute Material Breach of this Agreement, as set forth more fully herein at Article IX.
Supplemental Payment. If Executive incurs gross income inclusion, interest, or additional tax on Deferred Compensation payments pursuant to Code Section 409A, Xxxxxxx will make a supplemental payment to Executive in an amount sufficient to pay the income tax liability on the sum of those Deferred Compensation payments and the supplemental payment.
Supplemental Payment. 20 TERM ....................................................................................... 20
Supplemental Payment. A supplemental payment of $15,000 per annum (the “Supplemental Payment”), which shall be paid in accordance with the Company’s customary payroll practices which are in effect from time to time during the Employment Term.
Supplemental Payment. The County shall supplement the amount received by an employee from the Oregon Workers' Compensation Board for injuries received while in the course of employment with the County. The day of injury shall be considered a work day, and the employee shall receive the employee’s normal salary for that day. Supplemental payments by the County in an amount equal to the difference between moneys received from the Workers' Compensation Board and the employee's regular gross take- home pay shall be made for up to thirty (30) working days. Thereafter, at the employee's option, the supplemental payments may continue and shall be debited against the employee's accrued sick leave, vacation, compensatory time and/or transferred sick leave (if applicable) at the rate of one-quarter (1/4) day for each day of payment. Any time loss related to a workers compensation injury must be authorized by a written statement from a medical provider.
Supplemental Payment. Notwithstanding the foregoing:
A. The total of the Supplemental Payments made pursuant to this Article shall not exceed for any calendar year of this Agreement an amount equal to the greater of One Hundred Dollars ($100.00) per student per year in average daily attendance, as defined by Section 42.005 of the TEXAS EDUCATION CODE, or Fifty Thousand Dollars ($50,000.00) per year times the number of years beginning with the first complete or partial year of the Qualifying Time Period identified in Section 2.3.C and ending with the year for which the Supplemental Payment is being calculated minus all Supplemental Payments previously made by the Application.
B. Supplemental Payments may only be made during the period starting the first year of the Qualifying Time Period and ending December 31 of the third year following the end of the Tax Limitation Period.
C. The limitation in Section 6.2.A does not apply to amounts described by Section 313.027(f)(1)–
Supplemental Payment. In the event that the Company or its Subsidiaries become liable for a Supplemental Payment, the Company shall pay to the Notes Purchasers and the Royalty Purchasers an amount of cash (the "Supplemental Payment Gross Up"), allocated among the Notes Purchasers and the Royalty Purchasers in the manner specified by the Majority Purchasers (which manner shall be intended to reflect the relative percentage interests of ownership of Company securities of the Purchasers and their ultimate investors), equal to an amount that if such amount of the Supplemental Payment Gross Up is divided by the sum of (i) such amount of the Supplemental Payment Gross Up and (ii) the amount of the Supplemental Payment, would represent a percentage that is equal to the Investor Percentage Interest (as defined in the Investors Rights Agreement) at such time. Any such payment of the Supplemental Payment Gross Up shall be made at the same time as the payment of the Supplemental Payment.
Supplemental Payment. A. The total of the Supplemental Payments made pursuant to this Article shall not exceed for any calendar year of this Agreement an amount equal to the greater of One Hundred Dollars ($100.00) per student per year in average daily attendance, as defined by Section 42.005 of the TEXAS EDUCATION CODE, or Fifty Thousand Dollars ($50,000.00) per year times the number of years beginning with the first complete or partial year of the Qualifying Time Period identified in Section 2.3.C and ending with the year for which the Supplemental Payment is being calculated minus all Supplemental Payments previously made by the Applicant;
B. Supplemental Payments may only be made during the period starting the first year of the Qualifying Time Period and ending December 31 of the third year following the end of the Tax Limitation Period:
C. The limitation in Section 6.2.A does not apply to amounts described by Section 313.027(f)(1)–(2) of the TEXAS TAX CODE as implemented in Articles IV and V of this Agreement; and
D. For purposes of this Agreement, the calculation of the limit of the annual Supplemental Payment shall be the greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance as calculated pursuant to Section 42.005 of the TEXAS EDUCATION CODE, based upon the District’s Average Daily Attendance for the previous school year, or any greater amount that may be then be permitted by Applicable School Finance Law with respect to this Agreement.
E. If, for any year of this Agreement, the payment of the Supplemental Payment amount exceeds the Net Tax Benefit, the difference between the Supplemental Payment amount(s) due and owing and the Net Tax Benefit shall be carried forward from year to year into subsequent years of this Agreement until all Supplemental Payment amounts are paid in full.
Supplemental Payment. (a) In exchange for the consideration given by the Executive pursuant to Article IV of the Agreement and the execution of the Waiver and Release (as defined in Section 3.6(b), the Executive shall be entitled to receive an amount equal to $150,000 payable in a cash lump sum payment on January 31, 2014, subject to Section 4.5 of the Agreement (the “Supplemental Payment”).
(b) The Supplemental Payment is provided subject to the binding execution by the Executive (without revocation) of the Waiver and Release attached hereto as Appendix A (the “Waiver and Release”), which must be executed and returned during the period beginning on the Retirement Date and ending on January 15, 2014. The Executive hereby agrees that he has 21 calendar days to consider whether to sign and return the Waiver and Release to the Company.
