Cumulative Compensation definition

Cumulative Compensation means the total aggregate compensation provided under Liquidity Events.
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Cumulative Compensation means the annual aggregate amount of compensation earned and paid to the Bank in a calendar year from this uncommitted facility from Letter of Credit commissions, interest on Advances (calculated on the margin collected over the Bank’s Cost of Funds or the Bank’s Prime Rate with respect such Advances as determined by the Bank), Administrative Fee and monthly wire transfer fees. Cumulative Compensation shall not include the Origination Fee or
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Examples of Cumulative Compensation in a sentence

  • Project Budget) and Exhibit 5, (Estimated Costs and Payout Schedule) to ensure that the Commission will have sufficient cash flows to pay for work performed in a given month up to the difference of (i) the Maximum Cumulative Compensation Amount for such month minus (ii) any Accelerated Payment (defined below) not previously deducted through application of this clause (ii).

  • Department shall not be obligated to make any payment for Early Work to the extent that such payment, when added to all previous payments under the Agreement, exceeds the Maximum Cumulative Compensation Amount for the month covered by the Application for Early Work Payment.

  • Maximum Cumulative Compensation Amount Under Comprehensive Agreement) and Section 3.09 (Additional Costs; Claims) to the Executive Director.

  • In its sole discretion, Department may make payments to Design-Builder in excess of the Maximum Cumulative Compensation Amount.

  • Cumulative Compensation The Task Force defines cumulative compensation as the monetary payment owed to African American descendants of a Chattel enslaved person, or descendants of a free Black person living in the United States prior to the end of the 19th Century—members of the eligible class, as defined by the Task Force8—to remedy the full history of harm documented in Chapters 2 through 13 of this report.

  • Under no circumstances shall the Funding Advances be deemed to be an increase in the Contract Price, nor create entitlement to an increase in the Maximum Cumulative Compensation Amount.

  • If the Employee dies prior to the Salary accumulating to the level of the Cumulative Compensation Amount, the Employer shall pay to the Employee's estate the Salary that would otherwise be payable to the Employee under the terms of this Agreement.

  • The Funding Advances shall not: (x) increase the Contract Price; (y) modify the Target Earnings Schedule; or (z) modify the Maximum Cumulative Compensation Amount.

Related to Cumulative Compensation

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.