In Lieu Payment Sample Clauses

In Lieu Payment. With the District's approval, any teacher may elect to be compensated on an "in-lieu-of" basis. For each twelve (12) supervision duties due to inclement weather, a teacher may elect to take one day of additional personal leave with a maximum of one (1) additional personal leave day per contract year at no cost to the teacher.
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In Lieu Payment. If possible, the District shall establish a payment of $400 per month for employees who do not take health insurance from the District. The employee must demonstrate to the District that they have medical coverage through their spouse’s health care provider. An employee will be allowed to request medical coverage at the next open enrollment; however, if the employee experiences a qualifying event they may be able to request medical coverage prior to the next open enrollment.
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In Lieu Payment. In lieu of a restricted stock award related to your employment during Fiscal 2016, the Company will pay you the sum of $1,750,000, payable in six equal annual installments commencing January 5, 2018 and continuing on January 5 (or the first business day thereafter) of each of the next succeeding five years.
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In Lieu Payment. 13.03.1 Except for married couples employed by the District, full-time bargaining unit members and part-time members on a prorated basis who opt out of a school district hospitalization/major medical insurance plan for a contract year shall be paid $1,100 on or before February 1. Any person covered by the Board plan shall not be eligible for this payment.
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In Lieu Payment. 17.01 Employees shall receive thirty-five cents (35¢) per hour premium in addition to the wage rates outlined in Schedule “A”. This premium shall serve as compensation in lieu of any Health & Welfare Benefits and sick leave benefits.
Sample 1
In Lieu Payment. All employees represented by AFSCME will be requested to provide information on similar health insurance provided to or available to the employee and/or the employee's dependents through the employee's spouse or otherwise, to enable the City to determine the effect of such available double coverage on the City's total health care costs. Any employee who provides to the City evidence of insurance under a separate policy and requests to be deleted from the City's coverage shall receive $250 per month for the duration of this MOU, as an in lieu payment. Should such other coverage subsequently be unavailable to the employee, the employee shall have the right to seek reinstatement to coverage under the City's policy upon written request. In such a case, the City shall reinstate the employee's coverage and cancel the in lieu payment if reinstatement is permitted under this MOU and under the provisions for reinstatement then in effect with the City's then-current health insurance provider.
Sample 1
In Lieu Payment. Notwithstanding the provisions of Section 2.1 above, if any Tax Welfare Exemption is awarded for the Property for tax year 2013-2014 or any preceding tax year, and if the Agency is then in compliance with its material obligations under this Agreement, the Amended OPA and the Payment Agreement, then the Owner agrees to pay to the Agency an amount equal to the property taxes attributable to the Property that otherwise would have been collected and deposited into the Redevelopment Property Tax Trust Fund for that applicable period pursuant to Assembly Xxxx x1 26 (the “In Lieu Payment”). The Owner shall deliver written notice to the Agency concerning the award of any Tax Welfare Exemption within five (5) business days after the Owner first receives notice of the award. Promptly after receipt of the Owner’s written notice, the Agency shall calculate the exact amount of the In Lieu Payment and shall deliver written notice to the Owner identifying the exact amount. The Owner shall make the In Lieu Payment (if applicable) to the Agency with respect to each pertinent tax year within fifteen (15) calendar days after the Owner’s receipt of the Agency’s written notice identifying the exact amount of the In Lieu Payment. If the In Lieu Payment is not made in a timely manner, the Parties agree that interest shall accrue on the In Lieu Payment commencing on the first tardy date, at the annual rate of eight percent (8%), compounded monthly, and the amount of the In Lieu Payment plus all accrued interest thereon shall be deemed a lien against the Property in the Agency’s favor.
Sample 1
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In Lieu Payment. The Parties agree to a payment in-lieu of an in-kind value received by the City for a portion of the annual fee. As such, in consideration for WANRack to use public ROW granted in this Agreement, and in lieu of the annual fee payment to the public for use of such ROW, WANRack grants the City an indefeasible right to use six the Municipal Fibers for the Term. WANRack and the City agree the consideration in this Section 21.1 for the annual fee payment applies only to the fees that otherwise would have been due from the segments of fiber optic cables that contain fibers installed for the Agua Fria Union High School District #216; the annual fees described in Section 20 above still apply for third party leasing.
Sample 1

Related to In Lieu Payment

  • E-PAYMENT Contractor/Vendor agrees to accept all payments in United States currency via the State of Mississippi’s electronic payment and remittance vehicle. The agency agrees to make payment in accordance with Mississippi law on “Timely Payments for Purchases by Public Bodies,” which generally provides for payment of undisputed amounts by the agency within forty-five (45) days of receipt of invoice. Mississippi Code Annotated § 31-7-301 et seq.

  • Consideration Payment 5.1 In consideration of the Company’s Services, the Client shall pay to the Company the Consideration to be stipulated in the Termsheet and all reasonable out of pocket expenses (if any) in accordance with the commercial terms and payment terms as detailed in the Separate Agreement.

  • Non-Payment The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

  • Cash Payment The Employee shall make cash payments by wire transfer, certified or bank check or personal check, in each case payable to the order of the Company; the Company shall not be required to deliver certificates for Option Shares until the Company has confirmed the receipt of good and available funds in payment of the purchase price thereof.

  • Down Payment The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Upfront Payment Upon the execution of this Agreement, the Lessee shall pay to the Lessor the following: (check one) ☐ - First Month’s Rent of: _ Dollars ($ _) ☐ - Last Month’s Rent of: ___ _ Dollars ($ _) ☐ - Security Deposit of: _ _ Dollars ($ _)

  • Settlement Payment If the resulting net amount is positive, it shall be payable by the Defaulting Party to the Non-Defaulting Party, and if it is negative, then the absolute value of such amount shall be payable by the Non-Defaulting Party to the Defaulting Party.

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

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