AGREEMENT ON THE IMPOSITION OF FINES Sample Clauses

AGREEMENT ON THE IMPOSITION OF FINES. Dansk Erhverv Arbejdsgiver and HK/Privat have agreed the following system of fines in cases concerning the Skills Development Fund, where reporting/payment has not taken place before the case was passed to HK/Privat: • Failure to report or delayed reporting to the Skills Development Fund • Failure to pay or delayed payment of contributions 1st time 2nd time 3rd time Subseq uent times Failure to report Out-of-court fine DKK 2,000 DKK 4,000 DKK 6,500 Same Failure to pay Out-of-court fine Min. DKK 2,000 or 20 per cent Min. DKK 4,000 or 20 per cent Min. DKK 6,500 or 20 per cent Same Failure to report DKK 3,000 DKK 5,000 DKK 8,250 Same Failure to pay Fine agreed at joint meetings Min. DKK 3,000 or 25 per cent Min. DKK 5,500 or 25 per cent Min. DKK 8,250 or 25 per cent Same The reference period for repeated instances is the preceding three years. The agreement enters into force on 1 March 2012 for cases of failure to report/pay from the 2012 payment and reporting year onwards. Either party may terminate the agreement by giving three months’ notice, but no earlier than 28 February 2014. Agreement on the Skills Development Fund
AGREEMENT ON THE IMPOSITION OF FINES. Dansk Erhverv Arbejdsgiver and HK HANDEL have agreed the following system of fines in cases concerning the skills development fund, where reporting/payment has not taken place before the case was passed to HK HANDEL: • Failure to report or delayed reporting to the skills development fund • Failure to pay or delayed payment of contributions 1st time 2nd time 3rd time Subsequen t times Failure to report Out-of-court fine DKK 2,000 DKK 4,000 DKK 6,500 Same Failure to pay Out-of-court fine Min. DKK 2,000 or 20 per cent Min. DKK 4,000 or 20 per cent Min. DKK 6,500 or 20 per cent Same Failure to report Fine agreed at joint meetings DKK 3,000 DKK 5,500 DKK 8,250 Same Failure to pay Fine agreed at joint meeting Min. DKK 3,000 or 25 per cent Min. DKK 5,500 or 25 per cent Min. DKK 8,250 or 25 per cent Same The reference period for repeated instances is the preceding three years. The present agreement enters into force on 1 January 2012 for cases of failure to report/pay from the 2012 payment and reporting year onwards. Either party may terminate the agreement by giving three months’ notice, but no earlier than the end of the collective agreement period beginning on 1 March 2012. Agreement on joint training and cooperation activities With a view to strengthening continuing vocational education and cooperation in the retail sector, the parties have establish ed a scheme involving outreach training ambassadors/party consultants. The training ambassadors/party consultants shall: • Visit companies which fall under the collective agreement and inspire more continuing vocational training activity. • Contribute to skills assessment and advise on the planning of specific training opportunities. • Inform, guide and inspire in order to promote cooperation between companies. The training ambassadors/party consultants shall work together closely, and each organisation shall hire the necessary staff. The agreement is valid for the duration of the collective agreement. The board of the Training and Cooperation Fund for Retail will set the detailed rules for the scheme, including the training ambassadors’/party consultants’ tasks and terms and conditions of employment. The parties agree that the scheme will be financed by the Training and Cooperation Fund. A budget shall be set for each of the three years that the activity will run. The budget shall be approved by the parties to the collective agreement. Agreement on training committees etc. (self-administration of skills developme...

Related to AGREEMENT ON THE IMPOSITION OF FINES

  • Payment on Termination If Employee's employment is terminated by Employee with or without cause, or by Bank with or without cause, Employee shall be paid all base salary and benefits accrued under the Agreement as of the termination date.

  • Repayment on Termination Date The Borrower hereby agrees to repay the outstanding principal amount of (i) all Revolving Credit Loans in full on the Revolving Credit Maturity Date, and (ii) all Swingline Loans in accordance with Section 2.2(b) (but, in any event, no later than the Revolving Credit Maturity Date), together, in each case, with all accrued but unpaid interest thereon.

  • Payment on Early Termination Upon termination pursuant to Section 14 (Early Termination), District shall pay Contractor as follows:

  • Payment on Change of Control Upon the occurrence of a Change of Control Transaction (as hereinafter defined), at the option of the Holder upon notice to the Company, the Holder may require the Company to pay the full amount outstanding under this Note. “

  • Release Upon Termination of the Issuer’s Obligations Subject to Section 9.10, in the event that the Issuer delivers to the Indenture Trustee, in form and substance reasonably acceptable to the Indenture Trustee, an Officers’ Certificate (and upon receipt, the Indenture Trustee may conclusively rely upon such Officers’ Certificate and shall have no duty to make any determination or investigation with respect to the contents thereof) certifying that (i) payment in full of the principal of, together with accrued and unpaid interest on, the Notes and all other Secured Obligations under this Indenture and the Security Documents that are due and payable at or prior to the time such principal, together with accrued and unpaid interest (including additional interest, if any), are paid, or (ii) all the obligations under this Indenture, the Notes and the Security Documents have been satisfied and discharged by complying with the provisions of Article 7, the Indenture Trustee shall deliver to the Issuer a notice stating that the Indenture Trustee, on behalf of the Holders, disclaims and gives up any and all rights it has in or to the Collateral, and any rights it has under the Security Documents, and upon delivery of such notice, the Indenture Trustee shall be deemed not to hold a Lien in the Collateral on behalf of the Holders and shall do or cause to be done all acts reasonably necessary to release such Lien as soon as is reasonably practicable.

  • PAYMENTS TO EXECUTIVE UPON CHANGE IN CONTROL (a) Upon the occurrence of a Change in Control of the Bank or the Company (as herein defined) followed at any time during the term of this Agreement by the voluntary or involuntary termination of the Executive’s employment, other than for Cause, as defined in Section 2(c) hereof, the provisions of Section 3 shall apply. Upon the occurrence of a Change in Control, the Executive shall have the right to elect to voluntarily terminate his employment at any time during the term of this Agreement following any demotion, loss of title, office or significant authority, reduction in his annual compensation or benefits, or relocation of his principal place of employment by more than 30 miles from its location immediately prior to the Change in Control.

  • Alternative Calculations and Payment on Early Termination and on Certain Extraordinary Events If (a) an Early Termination Date (whether as a result of an Event of Default or a Termination Event) occurs or is designated with respect to the Transaction or (b) the Transaction is cancelled or terminated upon the occurrence of an Extraordinary Event (except as a result of (i) a Nationalization, Insolvency or Merger Event in which the consideration to be paid to holders of Shares consists solely of cash, (ii) a Merger Event or Tender Offer that is within Counterparty’s control, or (iii) an Event of Default in which Counterparty is the Defaulting Party or a Termination Event in which Counterparty is the Affected Party other than an Event of Default of the type described in Section 5(a)(iii), (v), (vi), (vii) or (viii) of the Agreement or a Termination Event of the type described in Section 5(b) of the Agreement, in each case that resulted from an event or events outside Counterparty’s control), and if Dealer would owe any amount to Counterparty pursuant to Section 6(d)(ii) of the Agreement or any Cancellation Amount pursuant to Article 12 of the Equity Definitions (any such amount, a “Payment Obligation”), then Dealer shall satisfy the Payment Obligation by the Share Termination Alternative (as defined below), unless (a) Counterparty gives irrevocable telephonic notice to Dealer, confirmed in writing within one Scheduled Trading Day, no later than 12:00 p.m. (New York City time) on the Merger Date, Tender Offer Date, Announcement Date (in the case of a Nationalization, Insolvency or Delisting), Early Termination Date or date of cancellation, as applicable, of its election that the Share Termination Alternative shall not apply, (b) Counterparty remakes the representation set forth in Section 8(f) as of the date of such election and (c) Dealer agrees, in its sole discretion, to such election, in which case the provisions of Section 12.7 or Section 12.9 of the Equity Definitions, or the provisions of Section 6(d)(ii) of the Agreement, as the case may be, shall apply.

  • Termination of Covenants The covenants set forth in this Section 5 shall terminate and be of no further force or effect (i) immediately before the consummation of the IPO, (ii) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act, or (iii) upon a Deemed Liquidation Event, as such term is defined in the Company’s Certificate of Incorporation, whichever event occurs first.

  • Survival on Termination The following Paragraphs and Articles shall survive the termination of this Agreement:

  • Payment on Non-Business Days Whenever any payment to be made hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day and no additional interest shall be due as a result (and if so made, shall be deemed to have been made when due). If any payment in respect of interest on an Advance is so deferred to the next succeeding Business Day, such deferral shall not delay the commencement of the next Interest Period for such Advance (if such Advance is a LIBOR Advance) or reduce the number of days for which interest will be payable on such Advance on the next interest payment date for such Advance.