Certification Payment Sample Clauses

Certification Payment. The Employer shall pay to maintain certifications required as a condition of employment in employees' job classifications, provided that the paperwork is submitted in a timely way. If employees do not submit the necessary paperwork in a timely way and pay the certification fees themselves, the Employer will reimburse employees for these costs. Employees are encouraged to submit the

Certification Payment. 16 (1) Eligible nurses must be active as of January 1, of each year. Eligible nurses interested in 17 receiving the $300 certification payment shall present evidence of such certification no 18 later than January 31st of each year.

Certification Payment. A. Head Cooks shall maintain the appropriate Ohio Department of Health certification for their respective cafeteria at all times. The District will pay for or provide required training to the Head Cooks while on duty and will pay the cost of such certification, if any. B. Head Cooks who are currently receiving additional compensation for certification payment at five cents ($.05) per hour per year for membership in the School Nutrition Association (SNA) shall continue to receive their current additional hourly pay but it shall not increase. New Head Cooks appointed after May 1, 2017, will receive five cents ($.05) per hour for membership in the SNA but this payment will not accumulate from year to year. These additional amounts shall be added to the employee’s hourly rate after the ratio calculations have been completed. Employee must provide written verification of the annual membership in the SNA to the Business Office by July 1st of each calendar year, or at the time of their initial appointment. Failure to provide such written verification by July 1st of any calendar year shall prevent the employee from receiving additional compensation for membership in the SNA. C. The District will reimburse the annual cost of membership for Head Cooks in the School Nutrition Association upon presentation of appropriate proof of payment by the Head ▇▇▇▇.

Certification Payment. If the Supervisory Panel has not approved the Certification or any subsequent Certification as provided in this Section 1.4 prior to May 1, 2003, then Seller shall, on May 1, 2003, make a one-time, lump sum payment (the “Certification Payment”) to Buyer in an amount equal to the sum of (X) if a reason that the Supervisory Panel has not approved the Certification is that the Conversion Cost at the Toledo Plant is less favorable than at the Tennessee Plant as described in Section 1.4.1, the greatest of (1) $2,000,000, (2) an amount equal to the actual cost of modifying the Toledo Plant in whatever way is required to assure that the Conversion Cost of the Toledo Plant is less than or equal to the Conversion Cost of the Tennessee Plant, and (3) the net present value of the after-tax amount by which, calculated on an annual basis, the Conversion Cost of the Toledo Plant exceeds the Conversion Cost of the Tennessee Plant to deliver standard production (“Incremental Expense”) divided by eleven (11) percent (“Representative Hurdle Rate”), and (Y) if a reason that the Supervisory Panel has not approved the Certification is that the RTS products at the Toledo Plant do not meet the Pillsbury Quality Standards as described in Schedule 1.4 that are applicable to RTS products produced at the Tennessee Plant, the greater of (1) $2,000,000 and (2) an amount equal to the actual cost of modifying the Toledo Plant in whatever way is required to assure that the RTS products at the Toledo Plant meet the Pillsbury Quality Standards as described in Schedule 1.4 that are applicable to RTS products produced at the Tennessee Plant. Such amount referred to in subpart (X)(3) of the immediately preceding sentence shall be calculated pursuant to the following formula: the Incremental Expense multiplied by a fraction, the numerator of which is 1 minus Buyer’s estimated federal and state tax rate expressed in decimal form, and the denominator of which is the Representative Hurdle Rate. For purposes of example only, if the Incremental Expense is equal to $100,000, and the estimated tax rate is 40% (or ..4 in decimal form), the one-time payment will be calculated as follows: $100,000 multiplied by .6 divided by 11%, which equals $545,455. Notwithstanding anything to the contrary in this Agreement, the Trustee shall in the Trustee’s sole discretion determine whether or not the cost and quality standards referred to in this Section 1.4.4 have been achieved. The parties agree that the Trustee...

Certification Payment. Party A shall, when the students attending the content distribution complete all studies, pass the certification examination and receive the certificates, pay to Party B 5% of the content distribution fee, amount to ¥17,400.