Retroactive Payment definition

Retroactive Payment means, for purposes of Section 2.06, a payment made prior to the date of the Loan Agreement that would, if made on or after the date of the Loan Agreement, be eligible for financing out of the proceeds of the Loan in accordance with the provisions of the Loan Agreement.
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Retroactive Payment means the amount due a class member, including interest, as determined by CDSS in the claims process.
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Retroactive Payment means the City’s reimbursement of the 6.2% employee contribution for employees of the JFA pursuant to applicable provisions of a Memorandum of Understanding and Management Compensation Plan.
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Examples of Retroactive Payment in a sentence

  • If an OPS employee fails to submit a timesheet on time during a given pay period, this pay must be processed through a Retroactive Payment Request Form.The processor or authorizer will complete and sign this form and forward it to Human Resources (along with a copy of the employees’ signed timesheets for each affected pay period) by the posted deadline on the payroll calendar.

  • Reconsiderations and appeals decided in favor of the Medicare beneficiary after the date that the MA organization's contract terminates are the obligation of the (former) MA organization – regardless of when the decision is effectuated.4. Retroactive Payment Adjustments - For terminating MA organizations, once the MA contract has been terminated and the MA organization is no longer receiving payments from CMS, the organization will still be required to reimburse CMS for any overpayments.

  • Requested authorization to transfer funds as follows: (a) $241,559.49 to Account 0A.3120.1210 Police - Retroactive Payment from Account 0A.1990.4000 Contingent, to cover raises from prior year as a result of the Stipulation of Agreement with the Police Benevolent Association.

  • Please make every effort to abide by the established deadlines in order to allow Payroll Services sufficient time for processing (assuming that the employee record is active).Please find the Retroactive Payment Request Form here: https://hr.ucf.edu/files/Retroactive_Payment_Request_Form.pdfThe Retroactive Payment Request Form is only intended for OPS Hourly employees.

  • Similarly, if any third-party payor, Medicare or Medicaid increases any amount payable to Buyer in connection with a retroactive settlement, which increase relates to services provided by Operator at the Facility prior to the Effective Time, Buyer agrees to remit to Operator, within ten days of receipt of such payment, the amount of such increase that results from the services provided by Operator prior to the Effective Time (a "Retroactive Payment").

  • This section of the Contract Manager’s file should contain the following as applicable:Payment Activity Log/LedgerJustification and approval for advance paymentsCopies of invoices and supporting documentationWritten documentation of payment problems and resolutionsCopies of Certifications for Retroactive Payment (Emergencies/ Non-compliance) DEPARTMENT OF EDUCATION CONTRACT APPROVAL FORM 1.

  • The City shall use the Site Lease Payment for the purpose of making the Retroactive Payment.

  • Any Retroactive Payment due shall correspond to the [***] for which a subsequent Milestone Event has been achieved.

  • Please make every effort to abide by the established deadlines in order to allow Payroll Services sufficient time for processing (assuming that the employee record is active).Please find the Retroactive Payment Request Form here:https://hr.ucf.edu/files/Retroactive_Payment_Request_Form.pdfThe Retroactive Payment Request Form is only intended for OPS Hourly employees.

  • The monthly retainer for these services will be billed at a discount to the Consultant’s usual hourly rate of $300 per hour as follows: 80 hours per month @ $250 per hour = $20,000 per month One-Time Retroactive Payment: In addition to the monthly retainer set forth herein, within thirty (30) days following the Effective Date, the Company shall pay the Consultant a one-time payment in the amount of Twenty-Four Thousand Two Hundred Fifty Dollars ($24,250).


More Definitions of Retroactive Payment

Retroactive Payment means the food stamp benefit issued to a household for the month in which an application is filed when the determination of eligibility is made in a subsequent month on either a timely or untimely basis.
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Related to Retroactive Payment

  • Retroactive Date means the date specified in the Schedule.

  • Final compensation of a member means:

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.

  • Incentive Payments means any and all federal or state governmental subsidies, payments, transfers or other benefits, whether now or hereafter established, received by the Borrower in any fiscal year aged less than 120 days.

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Final Salary means the average annual salary for service for which

  • Base Pay means Executive’s annual base salary rate as in effect from time to time.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Deferral Amount means the sum of all of a Participant's Annual Deferral Amounts.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Creditable compensation means the full compensation payable annually to an employee working

  • Monthly Fees means, collectively, [INSERT FOR HFS: the Monthly Food and Beverage Fee,] the Monthly Program Fee and the Monthly Royalty Fee, each of which is set forth in the Addendum. [INSERT FOR HFS: “Monthly Food and Beverage Fee” means the fee we require from you in Subsection 8.2, which is set forth in the Addendum.]

  • Annual Salary means the salary given under this Part.

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • Benefit year means the period of twelve consecutive months, July 1 through June 30, as established by an employer in which an employee shall accrue and use earned sick leave as provided pursuant to N.J.S.A. 34:11D-2, provided that once the starting date of the benefit year is established by the employer it shall not be changed unless the employer notifies the Commissioner of Labor and Workforce Development of the change in accordance with regulations promulgated pursuant to the Act. The Commissioner shall impose a benefit year on any employer the Commissioner determines is changing the benefit year at times or in ways that prevent the accrual or use of earned sick leave by an employee.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one (1) day prior to the Change of Control; and (ii) the average of the Incentive Bonus paid (or payable) for the three (3) most recently completed fiscal years of the Company.