Initiation fees definition

Initiation fees means those amounts paid solely to initial­ ly admit a person as a member to a club or organization. "Bona fide initiation fees" within the context of this rule shall include only those one-time amounts paid which genuinely represent the value of membership in a club or similar organization. It shall not include any amount paid for or attributable to the privilege of receiving any goods or services other than mere nominal membership.
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Initiation fees. The term “Initiation Fees” shall mean an amount determined by the Board from time to time for each category of Membership required for admission into the Club, which will not be returned to a Person whose Membership is terminated for whatever reason.
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Initiation fees means those amounts paid solely to initially admit a person as a member to a club or organization. "Bona fide initiation fees" within the context of this rule shall include only those one-time amounts paid which genuinely represent the value of membership in a club or similar orga-
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Examples of Initiation fees in a sentence

  • Initiation fees shall also be subject to payroll check-off upon receipt of a duly signed authorization from the employee.

  • Initiation fees, union dues and assessments, as established by the Union, will be deducted out of wages or salary paid to the employee.

  • Initiation fees shall be deducted on a biweekly basis for a time frame of twenty-six (26) pay periods.

  • Initiation fees will be deducted upon notification from the Union.

  • Initiation fees shall be deducted in the week following the end of their probationary period.

  • Initiation fees will be deducted in four equal amounts during the first four full pay periods worked by the employee.

  • Initiation fees shall only be deducted from newly hired employees.

  • Initiation fees are subject to change according to the Union Local 2002 by-laws.

  • Initiation fees shall not exceed a total of $50.00 and shall only apply to employees hired after implementation of this subsection B.

  • A11.02 Initiation fees shall be deducted weekly in such amounts as may be notified officially in writing by Local Union 752.

Related to Initiation fees

  • Initiation fee means a fee charged by us to you in order to create a credit facility for you;

  • Liquidation Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Tuition Fees means a sum specified in the Offer Letter, payable by the Student to cover tuition, access to College facilities, enrolment procedures and orientation meetings, use of Information Technology facilities, exam sitting and a Kaplan award on successful completion of the Programme; and

  • Sponsor Termination Fees means the one-time payment under the Sponsor Management Agreement of a termination fee to one or more of the Sponsors and their Affiliates in the event of either a Change of Control or the completion of a Qualifying IPO.

  • Origination Fees means the fee payable to the Advisor pursuant to Section 8.02 plus all other fees and commissions, excluding Acquisition Expenses, paid by any Person to any Person in connection with making or investing in any Loan by the Company.