SUPPLEMENTAL PAYMENT AMOUNT Sample Clauses
The Supplemental Payment Amount clause defines an additional sum of money that must be paid beyond the base contract amount under certain conditions. Typically, this clause specifies the circumstances that trigger the supplemental payment, such as changes in project scope, unforeseen costs, or regulatory requirements, and outlines how the amount is calculated or approved. Its core practical function is to provide a clear mechanism for adjusting payments to address extra costs, thereby ensuring fairness and reducing disputes over compensation for additional work or expenses.
SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year during the term of this Agreement beginning with the Tax Year 2018, which is the Tax Year that includes the date on which the Qualifying Time Period commences under this Agreement as provided in Section 2.3.C.i,, the Applicant’s Supplemental Payment Amount will annually be paid based on the following schedule January 31, 2019 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2020 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2021 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2022 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2023 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2024 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2025 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2026 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2027 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2028 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2029 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2030 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2031 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2032 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year. January 31, 2033 The greater of $50,000 or $100 multiplied by the District’s Average Daily Attendance for the previous school year.
SUPPLEMENTAL PAYMENT AMOUNT. Applicant shall pay to the District the Supplemental Payments set forth on the following schedule on the payment due dates shown on the following schedule. TAX YEAR PAYMENT DUE DATE AMOUNT OF ANNUAL PAYMENT
SUPPLEMENTAL PAYMENT AMOUNT. In consideration of your continued employment with the Company, the Company will pay to you, in the event that there occurs a Triggering Event described in Paragraph 4, a one-time supplemental payment in an amount equal to the product obtained by multiplying (A) $120,000 (the “Base Amount”), by (B) the Adjustment Factor. For this purpose, the Adjustment Factor is the fraction attained by dividing (i) the number of full calendar weeks between August 1, 2012 and the date on which a Triggering Event described in Paragraph 4 is first attained, by (ii) fifty-two (52). Notwithstanding anything to the contrary contained herein, in no event shall the supplemental payment contemplated by this Section 3 exceed $50,000. August 1, 2012
SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year during the term of this Agreement beginning with the Tax Year 2018, which is the Tax Year that includes the date on which the Qualifying Time Period commences under this Agreement as provided in Section 2.3.C.i,, the Applicant’s Supplemental Payment Amount will annually be paid based on the following schedule Date of Payment Amount of Payment January 31, 2019 Equal to the Annual Limit January 31, 2020 Equal to the Annual Limit January 31, 2021 Equal to the Annual Limit January 31, 2022 Equal to the Annual Limit January 31, 2023 Equal to the Annual Limit January 31, 2024 Equal to the Annual Limit January 31, 2025 Equal to the Annual Limit January 31, 2026 Equal to the Annual Limit January 31, 2027 Equal to the Annual Limit January 31, 2028 Equal to the Annual Limit January 31, 2029 Equal to the Annual Limit January 31, 2030 Equal to the Annual Limit January 31, 2031 Equal to the Annual Limit January 31, 2032 Equal to the Annual Limit January 31, 2033 Equal to the Annual Limit
SUPPLEMENTAL PAYMENT AMOUNT. SUBJECT TO ANNUAL LIMIT. On or before January 31, 2027 (the payment due date for Tax Year 2026) and continuing thereafter on or before the January 31 of each year for the maximum period permitted under Section 313.027(i) of the TEXAS TAX CODE, except that Applicant agrees to make its final Supplemental Payment for tax year 2040 on or before December 31, 2040, the Applicant shall make a Supplemental Payment to District in an amount equal to the Annual Limit.
SUPPLEMENTAL PAYMENT AMOUNT. The Parties agree that for each Tax Year during the term of this Agreement beginning with the Tax Year 2018, which is the Tax Year that includes the date on which the Qualifying Time Period commences under this Agreement as provided in Section 2.3.C.i,, the Applicant’s Supplemental Payment Amount will annually be paid based on the following schedule