Compensation Eligibility Sample Clauses

Compensation Eligibility. To be eligible for compensation the loan originator must fully comply with RESPA, TILA, TRID, HOEPA, the Fair Housing Act, and ECOA. Additionally, the originator must comply with all state and federal regulations as they apply to residential mortgages. Innovative conducts a quality control review on ALL funded loans and randomly completes top to bottom file audits. Originator will not be compensated for any funded transactions for which originator failed to follow acceptable professional and industry standards, for any loans that fail a quality control review/audit or for any loans found to contain fraud or misrepresentation. Innovative reports loan fraud to federal, state and local authorities and will prosecute offenders to the fullest extent of the law. Innovative Mortgage will clawback compensation where ill-gotten and as a consequence of early payoffs, payment default, and lender/investor recapture. Innovative retains the right and option to immediately clawback via ACH direct debit or to use the right of setoff against future or contemporaneous compensation.
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Compensation Eligibility. To be eligible for compensation the loan originator must fully comply with RESPA, TILA, TRID, HOEPA, the Fair Housing Act, and ECOA. Additionally, the originator must comply with all state and federal regulations as they apply to residential mortgages. Harmony conducts a quality control review on ALL funded loans and randomly completes top to bottom file audits. Originator will not be compensated for any funded transactions for which originator failed to follow acceptable professional and industry standards, for any loans that fail a quality control review/audit or for any loans found to contain fraud or misrepresentation. Harmony reports loan fraud to federal, state and local authorities and will prosecute offenders to the fullest extent of the law. Harmony Mortgage will clawback compensation where ill-gotten and as a consequence of early payoffs, payment default, and lender/investor recapture. Harmony retains the right and option to immediately clawback via ACH direct debit or to use the right of setoff against future or contemporaneous compensation.
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Compensation Eligibility. A student may be eligible for compensation in the event that ArtsEd is not able to preserve his or her continuity of study - please see paragraph 26. Any request for compensation must be made in writing to the Principal. Please refer to the Tuition Fee Refund and Compensation Policy for more details. Complaints
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Compensation Eligibility. An employee who is terminated by an employer is eligible for compensation based on the following formula: - after 3 months consecutive employment, 1 week’s pay - after 1 year, two weeks’ pay, and - after 3 years, 3 weeks’ pay plus 1 week’s pay for each additional year of employment to a maximum of eight weeks. An employee’s period of continuous employment is not interrupted by the sale, lease or transfer of a business.
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Related to Compensation Eligibility

  • Vacation Eligibility Employees shall be eligible for vacation, based on their Net Credited Service (NCS) with the Company, as follows:

  • Benefit Eligibility For purposes of the Benefit Plan entitlement, common-law and same sex relationships will apply as defined.

  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

  • Overtime Eligibility and Compensation Employees are eligible for overtime compensation under the following circumstances:

  • Special Eligibility The following employees also receive an Employer Contribution:

  • Employee Eligibility For purposes of this section, “eligible employee” shall be defined by the Public Employees’ Medical and Hospital Care Act.

  • TAX LIMITATION ELIGIBILITY In order to be eligible and entitled to receive the value limitation identified in Section 2.4 for the Qualified Property identified in Article III, the Applicant shall:

  • Overtime Eligibility An Employee must work at least fifteen (15) minutes beyond her normal shift before being eligible for overtime compensation.

  • Member Eligibility Verify Member eligibility contemporaneous with the rendering of services. BCBS will provide systems and/or methods for verification of eligibility and benefit coverage for Members. This is furnished as a service and not as a guarantee of payment;

  • Compensatory Time Eligibility The Employer may grant compensatory time in lieu of cash payment for overtime to an overtime-eligible employee, upon agreement between the Employer and the employee. Compensatory time must be granted at the rate of one and one-half (1-1/2) hours of compensatory time for each hour of overtime worked.

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