Time Lump Sum Payment Clause Samples
The Time Lump Sum Payment clause establishes that payment for a project or service will be made as a single, fixed amount, regardless of the actual time or resources expended. Typically, this clause applies to contracts where the scope of work is clearly defined and the parties agree upfront on the total compensation, such as in construction or consulting agreements. Its core function is to provide cost certainty for both parties and to simplify the payment process by avoiding ongoing adjustments or disputes over time-based billing.
Time Lump Sum Payment. The District shall pay each full-time bargaining unit member in active paid status on the date the Governing Board approves this agreement a one- time, lump sum, non-recurring payment equivalent to $957. This amount shall be pro-rated based on FTE for part-time unit members. This one- time payment shall not be placed on the salary schedule. The District shall have no obligation to make a similar one-time payment on any future date. 2014-2015 Salary Schedule Increase Effective July 1, 2014, the 2013-2014 salary schedule will be increased by 5.5%. This revised salary schedule shall be attached to this Agreement as Appendix A-2.
Time Lump Sum Payment. All RNs who are employed at ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ as of the date of ratification of this Tentative Agreement and who continuously remain employed as an RN at MyMichigan ▇▇▇▇ through August 16, 2023 shall receive a one-time lump sum payment of One Thousand Dollars ($1,000), less withholding taxes the first full pay period following August 16, 2023.
Time Lump Sum Payment. FTE Employees Letter of Agreement Academic Shared Governance Plan Letter of Agreement
Time Lump Sum Payment. ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ shall pay each full-time bargaining unit member in active paid 433 status on the date the Governing Board approves this agreement a one- 434 time, lump sum, non-recurring payment equivalent to $957. This amount 435 shall be pro-rated based on FTE for part-time unit members. This one- 436 time payment shall not be placed on the salary schedule. The District 437 shall have no obligation to make a similar one-time payment on any future 438 date. 439 2014-2015 Salary Schedule Increase 440 Effective July 1, 2014, the 2013-2014 salary schedule will be increased by 441 5.5%. This revised salary schedule shall be attached to this Agreement 442 as Appendix A-2. 443 444 2015-2016 Salary Schedule Increase 445 Effective July 1, 2015, the 2014-2015 salary schedule will be increased by 446 4%. This revised salary schedule shall be attached to this Agreement as 447 Appendix A-3. 448 449 2016-2017 Salary Schedule Increase 450 Effective July 1, 2016, the 2015-2016 salary schedule will be increased by 451 3.75%. This revised salary schedule shall be attached to this Agreement 452 as Appendix A-4. 453 454
Time Lump Sum Payment. Effective July 1, 2022, bargaining unit employees will receive a lump sum amount as shown in subsection B, who are:
Time Lump Sum Payment. In addition to the above, graduate student employees with an active appointment as of September 4, 2022 shall receive a one-time lump sum payment as follows: If a graduate student employee has more than one appointment they will be paid the lump sum amount corresponding to the combined appointment range. Graduate student employees shall receive only one lump sum payment in accordance with the above distribution (up to $500).