School Division Compensation Fund definition

School Division Compensation Fund means the fund established pursuant to the Amended Cost Sharing Agreement and administered by Saskatchewan for the purpose of receiving compensation payments from Canada and Saskatchewan and for disbursing compensation to School Divisions which have experienced a reduction in Taxable Land as a result of Entitlement Land being hereafter set apart as an Entitlement Reserve;
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Examples of School Division Compensation Fund in a sentence

  • Subject to Section 12.11, Canada and Saskatchewan agree that the amounts payable to the School Division Compensation Fund pursuant to section 12.04 and section 12.05, respectively, shall be included within the expenditure limitations set forth pursuant to section 7.2 of the Amended Cost Sharing Agreement.

  • Canada and Saskatchewan agree that, within ninety (90) days of the date upon which Taxable Land which had been situated within a Rural Municipality is set apart as an Entitlement Reserve, Canada shall pay to the School Division Compensation Fund seventy (70%) percent of a sum that is equivalent to seventy (70%) percent of twenty-five (25) times the School Taxes which had been levied in respect of such Taxable Land in the calendar year immediately prior to the said date.

  • Arrears of any sums payable by Saskatchewan or Canada to the Rural Municipal Compensation Fund or the School Division Compensation Fund shall bear interest at the Interest Rate.

  • Canada and Saskatchewan agree that, within ninety (90) days of the date upon which Taxable Land which had been situated within a Rural Municipality is set apart as an Entitlement Reserve, Saskatchewan shall pay to the School Division Compensation Fund thirty (30%) percent of a sum that is equivalent to seventy (70%) percent of twenty-five (25) times the School Taxes which had been levied in respect of such Taxable Land in the calendar year immediately prior to the said date.

Related to School Division Compensation Fund

  • Compensation Fund means the fund maintained by the Society pur- suant to Sections 21 and 22 (as substituted, respectively, by Sections 29 and 30 of the Act of 1994) of the Act of 1960;

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Retirement fund means the "Washington law enforcement

  • Pharmacy benefits management means the administration or management of prescription drug

  • Pharmacy benefits manager means a person that performs pharmacy benefits management.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

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

  • Final compensation of a member means: