Differential Payment Sample Clauses

Differential Payment. PROVIDER understands that subject to appropriation by the Legislature, the PROVIDER may receive a differential payment based on the PROVIDER’s performance designation in accordance with s. 1002.68(4)(e), F.S.
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Differential Payment. A night shift employee shall be paid a weekly night shift differential in an amount equal to ten percent (10%) of the employee’s basic weekly wage rate. The daily night shift differential shall be one-fifth (1/5) of the weekly differential.
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Differential Payment. With respect to any particular Product, if GENE’s Late Contribution Level is greater than its Early Contribution Level, it shall pay Amgen the ***** the Early Development Costs due pursuant to its election under Section 4.2 and those Early Development Costs that it would have paid had it contributed to Early Development Costs at the Late Contribution Level (the “Differential Payment”), ***** which will be the greater of (i) such Differential Payment ***** or (ii) $***** if GENE increases its contribution from ***** $***** if GENE increases its contribution from *****%. Any such Differential Payment ***** shall be paid by GENE within thirty (30) days of GENE providing its notice of election to contribute to Late Development Costs pursuant to Section 4.3.
Sample 1
Differential Payment. As of the Measurement Date, the Stockholder shall calculate the amount equal to (X) the last sale price of a share of Common Stock traded on the Nasdaq National Market on the trading day immediately preceding the Measurement Date, multiplied by (Y) the number Closing Shares issued to Stockholder (such amount, the “Proceeds”). Stockholder shall notify the Company of the amount of the Proceeds not later than the fifth business day following the Measurement Date. If the Proceeds exceeds $7,700,000.00, then the Stockholder shall pay to the Company not later than the fifteenth business day following the Measurement Date an amount in cash by wire transfer, or delivery of other immediately available funds, equal to the excess of the Proceeds over $7,700,000.00. If the Proceeds are not equal to at least $6,300,000, then the Company shall pay to the Stockholder not later than the fifteenth business day following the Measurement Date an amount in cash by wire transfer, or delivery of other immediately available funds, equal to the amount by which the Proceeds are less than $6,300,000.00. If the Proceeds are at least $6,300,000.00 but not greater than $7,700,000.00, no differential payment in respect of the Proceeds shall be payable by either the Stockholder or the Company
Sample 1
Differential Payment. (a) In the event that a transaction resulting from an Applicable Takeover Proposal (as hereinafter defined) is consummated during the Restricted Period (as hereinafter defined), then the Stockholder shall pay to Alcatel an amount (the "Differential Payment"), equal to 90% of the difference between (x) the Takeover Transaction Consideration (as hereinafter defined) paid to the Stockholder pursuant to the terms of such Applicable Takeover Proposal minus (y) the fair market value of the Merger Consideration which would have been payable to the Stockholder pursuant to the Merger Agreement.
Sample 1

Related to Differential Payment

  • Differential Pay Section 1(A). Geographic Area Pay. Classifications C4115, C4116, C4207, C4209, C4211, C4213, C4215, C4221, C4223, C4225: Prevailing basic rates in specific geographical areas for employment of limited duration less than one hundred twenty (120) days will be approved. Employees paid at such rates will not be eligible for vacation, sick leave or holiday benefits. Such rates will be paid only for construction work.

  • Shift Differential Pay A. An employee shall receive additional compensation at the rate of seventy five cents (75¢) per hour for all hours worked on a shift when the majority of hours worked on the shift are between 5:30 p.m. and 7:30 a.m. and in locations where these classes are regularly assigned shift work.

  • Differential Differential is a salary allowance in addition to the basic rate or schedule based upon additional skills, responsibilities, hours of employment, or distasteful or hazardous work.

  • Shift Differential The shift differential for employees working on assigned shifts which begin before 6:00 A.M. or which end at or after 7:00 P.M. shall be sixty-five cents ($0.65) per hour for all hours worked on that shift. Such shift differential shall be in addition to the employee's regular rate of pay and shall be included in all payroll calculations, but shall not apply during periods of paid leave. Employees working the regular day schedule who are required to work overtime or who are called back to work for special projects shall not be eligible for the shift differential.

  • Bilingual Differential When formally assigned in the employee’s position description, an employee assigned to interpret to or from another language to English will receive a differential of five percent (5%) of base pay.

  • Initial Payments § 11.10.1.1 An initial payment of « » ($ « » ) shall be made upon execution of this Agreement and is the minimum payment under this Agreement. It shall be credited to the Owner’s account in the final invoice.

  • Partial payments (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

  • Delinquent Payments 8F.01 Timely payment of wages and contributions to all trust funds provided for in this Agreement is essential for the protection of the beneficiaries. Delinquency and continued failure to pay wages and/or remit contributions to the trust funds shall be dealt with as follows:

  • Partial Payment If in any distribution described in Section 4(a) above the assets of the Issuer or proceeds thereof are not sufficient to pay in full the amounts payable with respect to all outstanding shares of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution, holders of Designated Preferred Stock and the holders of such other stock shall share ratably in any such distribution in proportion to the full respective distributions to which they are entitled.

  • Shift Differentials A shift differential of thirty-five cents ($.35) per hour shall be paid for shifts starting between 2:00 p.m. and 9:59 p.m. for employees regularly assigned to such shifts. A shift differential of forty-five cents ($.45) per hour shall be paid for shifts starting between 10:00 p.m. and 3:00 a.m. for employees regularly assigned to such shifts. The differential provided herein shall be part of base pay for overtime pay and other purposes. Employees at the Maine State Prison who are regularly assigned to the 5:00 p.m. to 5:00 a.m. shift are to be paid a shift differential of forty-five cents ($.45) per hour. Employees of mental health and correctional facilities shall be eligible for the second shift differential when their shift begins between 12:00 noon and 4:59 p.m.

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