Method of Payment for One Time Lump Sum Sample Clauses

Method of Payment for One Time Lump Sum. Members of the bargaining unit that are employed as of the date of central ratification will receive a 1% lump sum payment as follows: • Permanent employees shall receive the equivalent of 1% of 2014-2015 wages/salary earned as a member of the applicable bargaining unit, provided they are actively at work, on statutory leave or an approved paid leave as at the date of central ratification. • Permanent employees on a statutory leave for any part of 2014-15 will not be adversely affected. The lump sum equivalent to 1% of annualized 2014-2015 wages/salary will be adjusted as if they earned their normal salary/wage for the period of the time on the statutory leave. • Casual or temporary employees shall be paid a lump sum payment equivalent to 1% of wages earned as a member of the applicable bargaining unit in the 2014- 2015 fiscal year provided they worked at least 40 hours in the 2014-2015 fiscal year. All lump sum amounts shall be payable by February 15, 2016 or sixty (60) days after local ratification, whichever is later.
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Method of Payment for One Time Lump Sum. Members of the bargaining unit that are employed as of September 8, 2015 will receive a 1% lump sum payment as follows: • Permanent employees shall receive the equivalent of 1% of 2014-2015 wages/salary earned as a member of the applicable bargaining unit, provided they are actively at work, on statutory leave or an approved paid leave as at September 8, 2015. • Permanent employees on a statutory leave for any part of 2014-2015 will not be adversely affected. The lump sum equivalent to 1% of annualized 2014-2015 wage/salary will be adjusted as if they earned their normal salary/wage for the period of the time on statutory leave. • Casual or temporary employees shall be paid a lump sum payment equivalent to 1% of wages earned as a member of the applicable bargaining unit in the 2014- 2015 school year provided they worked at least 40 hours in the 2014-2015 school year.
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Related to Method of Payment for One Time Lump Sum

  • Method of Payment Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee:

  • Time and Method of Payment Except as otherwise provided in Section 4.02, all amounts payable to any Funding Agent or Investor hereunder or with respect to the Series 2020-1 Class A-1 Advance Notes shall be made to the Administrative Agent for the benefit of the applicable Person, by wire transfer of immediately available funds in Dollars not later than 1:00 p.m. (New York City time) on the date due. The Administrative Agent will promptly, and in any event by 5:00 p.m. (New York City time) on the same Business Day as its receipt or deemed receipt of the same, distribute to the applicable Funding Agent for the benefit of the applicable Person, or upon the order of the applicable Funding Agent for the benefit of the applicable Person, its pro rata share (or other applicable share as provided herein) of such payment by wire transfer in like funds as received. Except as otherwise provided in Section 2.07 and Section 4.02, all amounts payable to the Swingline Lender or the L/C Provider hereunder or with respect to the Swingline Loans and L/C Obligations shall be made to or upon the order of the Swingline Lender or the L/C Provider, respectively, by wire transfer of immediately available funds in Dollars not later than 1:00 p.m. (New York City time) on the date due. Any funds received after that time will be deemed to have been received on the next Business Day. The Issuer’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Issuer to the Administrative Agent as provided herein or by the Trustee or Paying Agent in accordance with Section 4.02 whether or not such funds are properly applied by the Administrative Agent or by the Trustee or Paying Agent. The Administrative Agent’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Administrative Agent to the applicable Funding Agent as provided herein whether or not such funds are properly applied by such Funding Agent.

  • Method of Payments Any amount due under this Guarantee shall be paid:

  • Method of Salary Payment (a) The HRIS pay frequency is bi-weekly for all Employees. Pay periods begin on Sunday and end on the Saturday of week 2. Pay will be made by direct deposit on the Friday following the pay period end date. If the pay date falls on a holiday, it will be moved forward to the business day immediately preceding the holiday.

  • Compensation and Method of Payment Subject to any limitations set forth below or elsewhere in this Agreement, District agrees to pay Consultant the amounts specified in Exhibit B “Compensation”. The total compensation shall not exceed Six Thousand Dollars ($6,000.00), unless additional compensation is approved in writing by the District.

  • Purchase Price and Method of Payment Buyer shall pay and Seller shall accept the purchase price for the Business as follows:

  • Determination of Service for Sick Leave with Pay Actual time worked and all leave with pay, except for educational leave, shall be included in determining the pro rata accrual of sick leave credits each month, provided that the employee works thirty-two (32) hours or more in that month.

  • Method of Compensation It is understood by the parties that, insofar as pay is concerned, employees temporarily filling a position in a higher broadband level shall be paid according to the same compensation method as promoted employees pursuant to the Rules of the State Personnel System.

  • Termination of Payment Fund Any portion of the Payment Fund that remains undistributed to the holders of Certificates and Book Entry Shares for twelve months after the Effective Time shall be delivered by the Paying Agent to the Parent, upon demand, and any holder of a Certificate or Book Entry Shares who has not theretofore complied with this Article II shall thereafter look only to the Parent for payment of the Merger Consideration, but shall have no greater rights against the Parent than may be accorded to general unsecured creditors of the Parent under applicable law.

  • Method of Exercise Payment Issuance of New Warrant;

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