Parking Cash Out Sample Clauses

Parking Cash Out. Developer shall require all commercial tenants to meet the requirements of California Health and Safety Code Section 43845 (Parking Cash Out Program) by offering a parking cash-out if an employee eligible under such Section chooses not to accept a subsidized parking space; however, in no case shall such parking cash-out be less than the monthly cost of the subsidy to employees of a parking pass. Eligible employees may choose to have a portion of their parking cash-out applied towards the purchase of a monthly transit pass at their discretion and receive the remainder in cash. Where employees are also residents of the Project, only the higher of the parking cash-out/transportation allowance identified in this Section 2.7.8(e)(2)(vi) and Section 2.7.8(e)(2)(vii), as applicable, or the Transportation Allowance identified in Section 2.7.8(e)(3)(iii) shall be offered to the resident/employee. Developer shall write the requirements of the Parking Cash Out into any leases executed with commercial tenants of the Project. Commercial tenants of the project which would otherwise not be subject to California Health and Safety Code Section 43485 shall have ultimate responsibility for adherence to the Parking Cash Out requirements. Failure of such tenant to comply with the Parking Cash Out requirement shall not constitute a Default by Developer under this Agreement so long as such tenant’s lease requires such compliance and Developer is actively pursuing all necessary enforcement actions to bring such tenant into compliance with this lease provision.
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Parking Cash Out. Developer shall require all commercial tenants to meet the requirements of California Health and Safety Code Section 43845 (Parking Cash Out Program) by offering a parking cash-out if an employee eligible under such Section chooses not to accept a subsidized parking space; however, in no case shall such parking cash-out be less than the monthly cost of the subsidy to employees of a parking pass. Eligible employees may choose to have a portion of their parking cash-out applied towards the purchase of a monthly transit pass at their discretion and receive the remainder in cash. Where employees are also residents of the Project, only the higher of the parking cash-out/transportation allowance identified in this Section 2.8.6(e)(2)(vi) and Section 2.8.6(e)(2)(viii), as applicable, or the Transportation Allowance identified in Section 2.8.6(e)(3)(iii) shall be offered to the resident/employee.
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Parking Cash Out. MINI of Santa Xxxxxx shall include in any lease with a third party commercial tenant of all or any portion of the Project (“Commercial Tenant”) a provision that such commercial tenant meet the requirements of California Health and Safety Code Section 43845 (Parking Cash Out Program) by offering a parking cash-out if an employee eligible under such Section chooses not to accept a subsidized parking space; however, in no case shall such parking cash-out be less than the monthly cost of the subsidy to employees of a parking pass. For the purposes of this Agreement, the eligibility provisions of California Health and Safety Code Section 43845 referring to minimum employee size (i.e. 50 employee minimum) shall not apply. Eligible employees of the Commercial Tenant may choose to have a portion of their parking cash-out applied to purchase of a monthly transit pass at their discretion and receive the remainder in cash. Commercial Tenants which would otherwise not be subject to California Health and Safety Code Section 43485 shall have ultimate responsibility for adherence to the Parking Cash Out requirements. Failure of such Commercial Tenant to comply with the Parking Cash Out requirement shall not constitute a Default by MINI of Santa Xxxxxx under this Agreement so long as such tenant’s lease requires such compliance and MINI of Santa Xxxxxx is actively pursuing all necessary enforcement actions to bring such Commercial Tenant into compliance with this lease provision.
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Parking Cash Out. Each Developer shall require all Commercial Tenants in all Buildings owned by such Developer to meet the requirements of California Health and Safety Code Section 43845 (Parking Cash Out Program) by offering a parking cash-out if an employee eligible under such Section chooses not to accept a subsidized parking space; however, in no case shall such parking cash-out be less than the monthly cost of the subsidy to employees of a parking pass. For the purposes of this Agreement, the eligibility provisions of California Health and Safety Code Section 43845 referring to minimum employee size (i.e. 50 employee minimum) shall not apply. Eligible employees may choose to have a portion of their parking cash- out applied toward the purchase of a monthly transit pass at their discretion and receive the remainder in cash. Where employees are also residents of the Project, only the higher of the parking cash-out/transportation allowance identified in this Section 2.7.1(f)(1)(ix) and Section 2.7.1(f)(1)(x), as applicable, or the Transit Pass Subsidy identified in Section 2.7.1(f)(3)(vi) shall be offered to the resident/employee. Developer shall write the requirements of the Parking Cash Out into any leases executed with Commercial tenants of the Project. Commercial tenants of the Project which would otherwise not be subject to California Health and Safety Code Section 43485 shall have ultimate responsibility for adherence to the Parking Cash Out requirements. Failure of such tenant to comply with the Parking Cash Out requirement shall not constitute a Default by any Developer under this Agreement so long as such tenant’s lease requires such compliance and such Developer is actively pursuing all necessary enforcement actions to bring such tenant into compliance with this lease provision.
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Related to Parking Cash Out

  • PTO Cash Out Non-probationary employees who terminate shall be paid for all unused, accrued paid time off. Such cash out shall be made by the Employer at the time of the employee’s final paycheck.

  • Cash Out In the event of a Change in Control, the Committee may, in its discretion and upon at least ten (10) days’ advance notice to the Participant, cancel the Option and pay to the Participant the value of the Option based upon the price per Share of Common Stock received or to be received by other shareholders of the Company in the event. Notwithstanding the foregoing, if at the time of a Change in Control the Exercise Price of the Option equals or exceeds the price paid for a Share of Common Stock in connection with the Change in Control, the Committee may cancel the Option without the payment of consideration therefor.

  • Vacation Cash Out In each calendar year, an employee may make a one-time request to cash out and receive payment for up to forty (40) hours of vacation. In order to be eligible to cash out vacation hours, the employee must be a regular status employee and have a remaining vacation balance of sixty (60) hours or more. Vacation leave that has been pre-approved will be considered when the request is made in order to determine if they will maintain the minimum vacation balance requirement.

  • Compensatory Time Cash Out All compensatory time must be used by June 30th of each year. If compensatory time balances are not scheduled to be used by the employee by April of each year, the supervisor will contact the employee to review their schedule. The employee’s compensatory time balance will be cashed out every June 30th or when the employee:

  • Sick Leave Cash Out Eligible employees may elect to receive monetary compensation for accrued sick leave as follows: In January of each year an employee whose sick leave balance at the end of the previous year exceeds four hundred eighty (480) hours may elect to convert the sick leave hours earned in the previous calendar year, minus those hours used during the year, to monetary compensation. No sick leave hours may be converted which would reduce the calendar year end balance below four hundred eighty (480) hours. Monetary compensation shall be paid at the rate of twenty-five percent and shall be based on the employee’s current salary. All converted hours will be deducted from the sick leave balance. Employees who separate from University service due to retirement or death shall be compensated for the unused sick leave accumulation from the date of most recent hire in a leave eligible position with the State of Washington at the rate of 25%. Compensation shall be based upon the employee’s wage at the time of separation. For the purpose of this section, retirement shall not include vested out of service employees who leave funds on deposit with the retirement system. Former eligible employees who are re-employed within three (3) years of their separation from service shall be granted all unused sick leave credits, if any, to which they are entitled at time of separation.

  • Construction Cost Estimate At 50% completion of the contract documents, the design team will present and submit copies of the project plans and manual. The Construction Administrator will prepare and issue the fourth of five construction cost estimates. The estimate shall be derived from actual takeoffs, subcontractor and vendor input, and material and labor cost data. All quantitative systems information shall be provided in detail.

  • Sick Leave Annual Cash Out ‌ Each January, employees are eligible to receive cash on a one (1) hour for four (4) hours basis for ninety-six (96) hours or less of their accrued sick leave, if:

  • Step-Out The Authority may, at any time, terminate the Step-in Period by giving the Material Project Contractor at least 30 days' notice specifying the date on which the Step-in Period will terminate (the "Step-out Date").

  • Bidding Amount 8.1. The Auctioneer shall have discretion to determine the increase of bidding rate based on the total number of Registered E-Bidders and value of the property auctioned.

  • Transaction Costs Borrower shall have paid or reimbursed Lender for all title insurance premiums, recording and filing fees or taxes, costs of environmental reports, Physical Conditions Reports, appraisals and other reports, the fees and costs of Lender's counsel and all other third party out-of-pocket expenses incurred in connection with the origination of the Loan.

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