Other Economic Issues Sample Clauses

Other Economic Issues. Inflation Recognition Payment (IRP) The proposed Agreement protects Employees from greater-than-normal inflation. Employees are eligi- ble for an Inflation Recognition Payment (IRP) according to a formula that works on a calendar quarter basis. At the end of each quarter, the parties will look at the current consumer price index (CPI) and compare it to the CPI at the beginning of the contract. If inflation rises a full percentage point more than a three percent (3%) cumulative annual rate since the beginning of the Agreement, Employees will receive a bonus payment. The IRP payments remain based on all hours actually worked in the relevant quarter (including over- time hours) and do not “roll in” to any wage rate or other benefit. For example, if in a given quarter 3% annual inflation since January 2009 would have produced total inflation of 10% and the actual CPI indicates that inflation since the beginning of the contract has been 12% and an Employee had base earnings during the quarter of $15,000, then that Employee would receive a lump-sum payment of 2% (12% actual inflation minus a 10% CPI threshold) multiplied by $15,000, which equals $300. Bereavement Leave We have negotiated improvements to our existing bereavement leave. Under the proposed Agreement, the bereavement leave for the loss of a parent, sibling or grandchild who has lived with the member has been increased to five (5) days. Leaves of Absence Employees on a leave of absence for the purpose of accepting a temporary position with the International Union will receive health benefits for one month after the end of the month in which the leave begins. Vacation Pay Calculation for LU Officials Vacation pay calculations for Local Union officials shall include earnings from the Local Union which represent Company approved lost time from scheduled work for the Company.
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Other Economic Issues. Inflation Recognition Payment (IRP) The proposed Agreement protects Employees from greater-than-normal inflation. Employees are eligi- ble for an Inflation Recognition Payment (IRP) according to a formula that works on a calendar quarter basis. At the end of each quarter, the parties will look at the current consumer price index (CPI) and compare it to the CPI at the beginning of the contract. If inflation rises a full percentage point more than a three percent (3%) cumulative annual rate since the beginning of the Agreement, Employees will receive a bonus payment. The IRP payments remain based on all hours actually worked in the relevant quarter (including over- time hours) and do not “roll in” to any wage rate or other benefit. For example, if in a given quarter 3% annual inflation since January 2009 would have produced total inflation of 10% and the actual CPI indicates that inflation since the beginning of the contract has been 12% and an Employee had base earnings during the quarter of $15,000, then that Employee would receive a lump-sum payment of 2% (12% actual inflation minus a 10% CPI threshold) multiplied by $15,000, which equals $300. Bereavement Leave We have negotiated improvements to our existing bereavement leave. Under the proposed Agreement, the bereavement leave for the loss of a parent, sibling or grandchild who has lived with the member has been increased to five (5) days.
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Other Economic Issues. 4. The Parties agree to the following arrangements for: the disposition of government owned assets in Kosovo (including educational institutions and hospitals); the resolution of disputes over pension and social insurance contributions; and the resolution of any other matters relating to economic relations between the parties not covered by this Agreement.
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Other Economic Issues a) The Board will provide $700 to pay the added processing fee to the National Board of Professional Teaching Standards as indicated in Addendum E.
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Other Economic Issues a) The Board will continue to pay fingerprint retention fees for teachers, estimated to be $56,100 for the 2009- 2010 school year.
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Related to Other Economic Issues

  • Economic Sanctions None of the Company, the Sponsor, any non-independent director or officer or, to the knowledge of the Company, any independent director or director nominee, agent or affiliate of the Company is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

  • Economic Sanctions, Etc The Company will not, and will not permit any Controlled Entity to (a) become (including by virtue of being owned or controlled by a Blocked Person), own or control a Blocked Person or (b) directly or indirectly have any investment in or engage in any dealing or transaction (including any investment, dealing or transaction involving the proceeds of the Notes) with any Person if such investment, dealing or transaction (i) would cause any holder or any affiliate of such holder to be in violation of, or subject to sanctions under, any law or regulation applicable to such holder, or (ii) is prohibited by or subject to sanctions under any U.S. Economic Sanctions Laws.

  • Cooperation with Economic Studies If ICANN initiates or commissions an economic study on the impact or functioning of new generic top-­‐level domains on the Internet, the DNS or related matters, Registry Operator shall reasonably cooperate with such study, including by delivering to ICANN or its designee conducting such study all data related to the operation of the TLD reasonably necessary for the purposes of such study requested by ICANN or its designee, provided, that Registry Operator may withhold (a) any internal analyses or evaluations prepared by Registry Operator with respect to such data and (b) any data to the extent that the delivery of such data would be in violation of applicable law. Any data delivered to ICANN or its designee pursuant to this Section 2.15 that is appropriately marked as confidential (as required by Section 7.15) shall be treated as Confidential Information of Registry Operator in accordance with Section 7.15, provided that, if ICANN aggregates and makes anonymous such data, ICANN or its designee may disclose such data to any third party. Following completion of an economic study for which Registry Operator has provided data, ICANN will destroy all data provided by Registry Operator that has not been aggregated and made anonymous.

  • Economic Uniformity (A) At the election of the General Partner with respect to any taxable period ending upon, or after, the termination of the Subordination Period, all or a portion of the remaining items of Partnership income or gain for such taxable period, after taking into account allocations pursuant to Section 6.1(d)(iii), shall be allocated 100% to each Partner holding Subordinated Units that are Outstanding as of the termination of the Subordination Period (“Final Subordinated Units”) in the proportion of the number of Final Subordinated Units held by such Partner to the total number of Final Subordinated Units then Outstanding, until each such Partner has been allocated an amount of income or gain that increases the Capital Account maintained with respect to such Final Subordinated Units to an amount equal to the product of (A) the number of Final Subordinated Units held by such Partner and (B) the Per Unit Capital Amount for a Common Unit. The purpose of this allocation is to establish uniformity between the Capital Accounts underlying Final Subordinated Units and the Capital Accounts underlying Common Units held by Persons other than the General Partner and its Affiliates immediately prior to the conversion of such Final Subordinated Units into Common Units. This allocation method for establishing such economic uniformity will be available to the General Partner only if the method for allocating the Capital Account maintained with respect to the Subordinated Units between the transferred and retained Subordinated Units pursuant to Section 5.5(c)(ii) does not otherwise provide such economic uniformity to the Final Subordinated Units.

  • Purchaser Bears Economic Risk The Purchaser has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to the Company so that it is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. The Purchaser must bear the economic risk of this investment until the Securities are sold pursuant to: (i) an effective registration statement under the Securities Act; or (ii) an exemption from registration is available with respect to such sale.

  • Substantial Economic Effect It is the intent of the Partners that the allocations of Profit and Loss under this Agreement have substantial economic effect (or be consistent with the Partners’ interests in the Partnership in the case of the allocation of losses attributable to nonrecourse debt) within the meaning of Section 704(b) of the Code as interpreted by the Regulations promulgated pursuant thereto. Article 5 and other relevant provisions of this Agreement shall be interpreted in a manner consistent with such intent.

  • Sanctions Concerns and Anti Corruption Laws (a) No Loan Party, nor any Subsidiary, nor, to the knowledge of the Loan Parties, any director, officer, employee, agent, affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by any individual or entity that is (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated Nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction.

  • Entities that Boycott Israel Contractor represents and warrants that (1) it does not, and shall not for the duration of the Contract, boycott Israel or (2) the verification required by Section 2271.002 of the Texas Government Code does not apply to the Contract. If circumstances relevant to this provision change during the course of the Contract, Contractor shall promptly notify System Agency.

  • Green Economy/Carbon Footprint a) The Supplier/Service Provider has in its bid provided Transnet with an understanding of the Supplier’s/Service Provider’s position with regard to issues such as waste disposal, recycling and energy conservation.

  • Economic Equivalence (a) So long as any Exchangeable Shares not owned by Parent or its Subsidiaries are outstanding:

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