Calculation of Payments Sample Clauses

Calculation of Payments. The State shall use the fee schedule set forth in Attachment E to the contract (Fee Schedule) in determining the value of the work performed up to the time of termination. In the case of partially completed engineering services, eligible costs will be calculated as set forth in Attachment E, Fee Schedule. The sum of the provisional overhead percentage rate for payroll additives and for general and administrative overhead costs during the years in which work was performed shall be used to calculate partial payments. Any portion of the fixed fee not previously paid in the partial payments shall not be included in the final payment.
AutoNDA by SimpleDocs
Calculation of Payments. The first twenty-six (26) payments to be made pursuant to the terms of this Paragraph 9 shall be in an amount equal to 1/26th of the greater of (i) the average of the annual total compensation (including, but not limited to, salary and bonus) paid by Employer, its affiliates and/or successors to Employee during the three (3) year period immediately preceding Employee's termination of employment hereunder, or (ii) the amount of Employee's total compensation (including, but not limited to, salary and bonus) paid by Employer, its affiliates and/or successors to Employee during the twelve (12) month period immediately preceding Employee's termination of employment. Thereafter, the biweekly payments shall increase annually in accordance with Subparagraph 9.1.
Calculation of Payments. (i) Where an Eligible Employee’s employment is terminated, in accordance with this clause 26, prior to returning to work from parental leave, any severance pay (including notice) and any other amount owing to the Employee will be based on the higher of: A. the position the Eligible Employee held immediately before proceeding on parental leave; or B. in the case of an Eligible Employee who transferred to a safe job pursuant to subclause 70.14, the position they held immediately before such transfer; calculated at the hourly rate at the time the termination takes effect. An Eligible Employee works 30 hours a week (Job A) prior to transferring to a safe job which is at a lower pay rate and is for only 25 hours a week (Job B). A wage increase occurs during the parental leave. Redundancy is calculated on the basis of Job A’s rate of pay as increased during the period of parental leave and its greater number of hours per week. (ii) In the event that the Eligible Employee consents to the termination of employment due to redundancy during paid parental leave, the Eligible Employee will receive the full amount of paid parental leave and superannuation under subclauses 70.5 and 30.5.
Calculation of Payments. Any payment that the Lessee shall be required to make to or for the account of any Indemnitee with respect to any Tax that is subject to indemnification under this Section 7.2 shall be paid on a Grossed-Up Basis under Section 7.4 of this Agreement. If an Indemnitee or any Affiliate of such Indemnitee who files any tax return on a combined, consolidated, unitary or similar basis with such Indemnitee shall actually realize any saving of any Tax not indemnifiable by the Lessee pursuant to the Operative Documents (by way of credit (including any foreign tax credit), deduction, exclusion from income or otherwise) by reason of any amount with respect to which the Lessee has indemnified such Indemnitee pursuant to this Section 7.2, and such tax saving was not taken into account in determining the amount payable by the Lessee on account of such indemnification, such Indemnitee shall promptly pay to the Lessee the amount of such saving together with the amount of any tax saving resulting from any payment pursuant to this sentence (provided that such payments by such Indemnitee shall not exceed the amount of the payments made by the Lessee to or for such Indemnitee which gave rise to such savings and payment by such Indemnitee). Each Indemnitee agrees to make, at the Lessee’s expense, good-faith efforts to claim any such tax saving that may reasonably be available and to provide promptly thereafter to the Lessee written notification of any action, proceeding or decision with respect to such claim.
Calculation of Payments. (a) Payments made pursuant to this clause to a Teacher whose hours have varied shall be calculated in accordance with the following formula: P = s x c - d b Where: P is the payment due. s is the total salary paid in respect of term weeks, or part thereof, since the anniversary of employment [or date of employment in circumstances where a Teacher has been employed by the School for less than one year]. b is the number of term weeks, or part thereof, in the year. c is the number of non-term weeks, or part thereof, in the year. d is the salary paid in respect of non-term weeks, or part thereof, that have occurred since the anniversary of employment [or date of employment in circumstances where a Teacher has been employed by the School for less than one year]. Payments made otherwise pursuant to this clause shall be calculated in accordance with the following formula: t x c - d b Where: P is the payment due. S is an amount equivalent to a week's salary including allowances of the Teacher at the date of application of the formula. b is the number of term weeks, or part thereof, in the year. c is the number of non-term weeks, or part thereof, in the year. d is the number of non-term weeks, or part thereof, worked by the Teacher since the School Service Date.
Calculation of Payments a) A payment made pursuant to this clause to a Teacher whose teaching hours have remained constant during the school year in which the termination is effective will be calculated in accordance with the following formula: 1 A x B = D C 2 D - E = F 3 F x G = H 2 where:
Calculation of Payments. If an amount payable under this agreement is to be calculated by reference to: (a) the price to be received for a taxable supply then, for the purposes of that calculation, the price is reduced to the extent that it includes any amount on account of GST; and (b) the price to be paid or provided for an acquisition then, for the purposes of that calculation, the price is reduced to the extent that an input tax credit is available for the acquisition.
AutoNDA by SimpleDocs
Calculation of Payments. 3.3(a) The hourly rate to be used for such calculations defined in B4.2.1.
Calculation of Payments. Calculation of amounts payable hereunder will be converted from the applicable country currency to US dollars at the exchange rate quoted by an internationally recognized bank designated by Us as of the last day of the period for which payment is due, or the date of demand or billing by Us, whichever We designate. You will send to Us by electronic mail or facsimile a copy of bank deposit documentation for each payment made hereunder within 7 business days of such deposit. You will provide Us with written documentation of the exchange rate with each payment made.
Calculation of Payments. (a) Payments made pursuant to this clause to a Teacher whose hours have varied shall be calculated in accordance with the following formula: Where: P is the payment due. s is the total salary paid in respect of term weeks, or part thereof, since the anniversary of employment [or date of employment in circumstances where a Teacher has been employed by the School for less than one year]. b is the number of term weeks, or part thereof, in the year. c is the number of non-term weeks, or part thereof, in the year. d is the salary paid in respect of non-term weeks, or part thereof, that have occurred since the anniversary of employment [or date of employment in circumstances where a Teacher has been employed by the School for less than one year]. Payments made otherwise pursuant to this clause shall be calculated in accordance with the following formula: t x c - d b Where: P is the payment due. S is an amount equivalent to a week's salary including allowances of the Teacher at the date of application of the formula. b is the number of term weeks, or part thereof, in the year. c is the number of non-term weeks, or part thereof, in the year. d is the number of non-term weeks, or part thereof, worked by the Teacher since the School Service Date.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!