Delays in settlement and payment Sample Clauses

Delays in settlement and payment. If the final settlement of a contract is delayed for more than the period stated in section 9.2 (10 working days), employees participating in the above-mentioned work shall be compensated for the excess time as for work interrupting a contract. If the payment of the remaining part of the contract amount is delayed beyond the agreed settlement time (30/10 working days) and the normal time of wage payment, interest shall be added to the amount in accordance with the Interest Act, unless otherwise agreed.
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  • CONDITIONS OF SETTLEMENT, EFFECT OF DISAPPROVAL, CANCELLATION OR TERMINATION 9.1 The Effective Date of this Settlement Agreement shall not occur unless and until each of the following events occurs and shall be the date upon which the last (in time) of the following events occurs:

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