OF PAYMENT. If any contractor shall default in remitting payments re- quired to be made pursuant to this Article within the time specified, and default shall continue for ten days or more, then in addition to any other remedy available to Local Union or to any employees, such defaulting Contrac- tor shall pay to the Trustees, as liquidated damages and not as a penalty, an amount equal to five percent of the arrears for each month or part thereof during which such default continues. The said damages shall become due and be payable upon the day of the month, follow- ing the month for which contributions were to be made. The five percent of the said arrears shall become due and be payable by such Contractor on the day of each successive month while default continues. For the pur- pose of calculating the five percent as "arrears" shall be deemed to include all accumulated damages re- maining unpaid. Where the Union has reasonable grounds to believe that proper payments or contributions have not been made under this Agreement, the Union or the Association shall have the right to inspect the employer's records.
OF PAYMENT. Unless otherwise agreed by the Parties in a Transaction, all invoices under this Master Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the twentieth (20th) day (the “Specified Payment Day”) of each month, or tenth (10th) day after receipt of the invoice or, if such day is not a Business Day, then on the next Business Day. Each Party shall make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any amounts not paid by the due date shall be deemed delinquent and shall accrue interest at the Interest Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.
OF PAYMENT. (The clause is to part-time A part-time employee who has completed less than hours of continuous service shall receive vacation pay plus two (2) weeks annual vacation off work. A part-time employee who has completed hours but less than hours of continuous service shall receive vacation pay plus three (3) weeks annual vacation off work. A part-time employee who has completed hours but less than hours of continuous service shall receive vacation pay plus four (4) weeks vacation off work. hours of continuous service shall receive vacation pay plus five (5) weeks vacation off work. A part-time employee who has completed hours of continuous service or more shall receive vacation pay plus six (6) weeks vacation off work. A part-time employee who has completed hours of continuous service shall receive an additional vacation pay in the year it is achieved plus days of vacation. A part-time employee who has completed hours of continuous service shall receive an additional vacation pay in the year it is achieved plus days of vacation. on Vacation Schedule (Part-Time) Part-time employees, including casual employees, shall accumulate service for the purpose of progression on the vacation scale, on the basis of one year for each hours worked. Work DuringVacation Should an employee who has commenced his scheduled vacation and agrees upon request by the Hospital to return to perform work during the vacation period, the employee shall be paid at the rate of one and one-half times his basic straight time rate for all hours so worked. To replace the originally scheduled days on which such work was performed, the employee will receive one (1) vacation lieu day off for each day on which he has so worked. I ILLNESSDURINGVACATION followincl clause is to full-time Where an employee's scheduled vacation is interrupted due to serious illness, which either commenced prior to or during the scheduled vacation period, the period of such illness shall be considered sick leave. Serious illness is defined as an illness which requires the employee to receive on-going medical care and/or treatments resulting in either hospitalization or which would confine the employee to their residence or to bed rest for more than three days. The portion of the employee's vacation which is deemed to be sick leave under the above provisions will not be counted against the employee's vacation credits. BEREAVEMENTDURINGVACATION Where an employee's scheduled vacation is interrupted due to a bereavement, the ...
OF PAYMENT. When a person entitled to benefits under the Plan is a minor, under legal disability, or is in any way incapacitated so as to be unable to manage his financial affairs, the Administrator may cause the benefits to be paid to such person’s guardian or legal representative. If no guardian or legal representative has been appointed, or if the Administrator so determines in its sole discretion, payment may be made to any person as custodian for such individual under any applicable state law, or to the legal representative of such person for such person’s benefit, or the Administrator may direct the application of such benefits for the benefit of such person. Any payment made in accordance with the preceding sentence shall be a full and complete discharge of any liability for such payment under the Plan.
OF PAYMENT. If a distribution is to be made to a minor, or to a person who is otherwise incompetent, then the Administrator may make such distribution: (i) to the legal guardian, or if none, to a parent of a minor payee with whom the payee maintains his or her residence; or (ii) to the conservator or administrator or, if none, to the person having custody of an incompetent payee. Any such distribution shall fully discharge the Employer and the Administrator from further liability on account thereof.
OF PAYMENT. Promptly upon request from the City, the Redevelopment Agency shall transfer to the City funds satisfying the Redevelopment Agency’s Reimbursement Obligation as the costs for Improvements Benefitting the Redevelopment Project are invoiced to the City by OCTA under the OCTA Cooperative Agreement. The City shall use such funds to satisfy the City’s Reimbursement Obligation under the OCTA Cooperative Agreement and for no other purpose. The Redevelopment Agency recognizes and agrees that its commitment to satisfy the Redevelopment Agency’s Reimbursement Obligation under this Agreement creates debt for which tax increment revenues may be allocated to the Redevelopment Agency. Such indebtedness shall be considered as an indebtedness of the Redevelopment Agency as the same is intended for purposes of the filing of a statement of indebtedness with the County of Orange pursuant to Health and Safety Code Section 33675. The payment obligation of the Redevelopment Agency hereunder shall be made, at the option of the Redevelopment Agency, from the tax increment revenues of the Project Area, bond proceeds from Anaheim’s Merged Redevelopment Project, inter-fund transfer, and/or any other funds of the Redevelopment Agency legally available therefor. The payment obligation of the Redevelopment Agency hereunder does not constitute a pledge of any particular funds and is and shall be subordinate to any pledge or other commitment of the Redevelopment Agency made in connection with any Redevelopment Agency bonds, now or hereafter issued.
OF PAYMENT. The payment of the Consideration will be in US Dollars, by way of wire transfer to a bank account designated by the Bank for such purpose. Immediately upon receipt of the Consideration, the Bank shall cause the Shares to be transferred to an account designated by the Purchaser for such purpose.
OF PAYMENT. Payment for services rendered by the Broker tic paid the Broker by the Company within thirty (30) days of Company of the Broker's invoice and such payment to Xxxxxx's account with the Company and by remitting net outstanding to the Broker's account, to any deductions in the provisions of this Agreement. Broker invoices be in possession of Company payroll Department by Monday noon of each week to in pay. US Broker pay schedule will coincide with the percentage of Broker the lag. The change to this system will be effective on (4) There will be a one week transition pay. During this only of the biweekly fuel costs will be deducted. The will on the During this transition week Brokers borrow up to holdback. This will be repayable at of net earnings pay to a maximum of per pay. Such borrowing will have no on interest determination for holdback amounts.
OF PAYMENT. Employees
OF PAYMENT. Custodian shall have a lien on the assets of the Fund in the amount of any outstanding overdraft.
