Pay Offs Sample Clauses

Pay Offs. Introduction The pay-offs allowed in the Programme can be divided into six main categories in function of the calculation and payment of Interest (periodic or not), the calculation methodology of the amount paid at redemption of the Notes (the “Redemption Amount”) (one calculation and payment at maturity, or a sum of periodic calculation paid at maturity) and the settlement of the Redemption Amount (cash or physical). These categories are:
Pay Offs. Introduction The pay-offs allowed in the Programme can be divided into six main categories in function of the calculation and payment of Interest (periodic or not), the calculation methodology of the amount paid at redemption of the Notes (the “Redemption Amount”) (one calculation and payment at maturity, or a sum of periodic calculation paid at maturity) and the settlement of the Redemption Amount (cash or physical). These categories are:  A. Structures with a periodic payment;  B. Structures with one payment at maturity with cap;  C. Structures with one payment at maturity without cap;  D. Structures with a sum of periodic calculations and payment at maturity;
Pay Offs 

Related to Pay Offs

  • Check-Off Payments The Employer shall deduct from every employee any dues, initiation fees, or assessments levied by the Union on its members.

  • Voluntary Contributions Effective for Plan Years beginning after the Plan Year in which this Plan is adopted by the Employer, Employee contributions shall not be permitted under this Plan. Employee contributions for Plan Years beginning after December 31, 1986 shall be limited so as to meet the nondiscrimination test of section 401(m) of the Code.

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

  • PAY AND ALLOWANCES 11.1 As of July 1, 2016, members of the bargaining unit covered by PERS will begin paying the employee portion of retirement benefits to the California Public Employee’s Retirement System (CalPERS).

  • Premium Payments All premium payments or other monies payable for the Policies and Contracts shall be paid or remitted in full by or on behalf of Policy owners directly to ETLIC or its designated servicing agent together with such applications, forms and other documentation as may be required by ETLIC. Checks or money orders in payment of premiums or other monies payable shall be drawn to the order of "EquiTrust Life Insurance Company." ETLIC will retain all such payments except to the extent such payments are allocated to the Accounts.

  • Holiday Premium Pay A Nurse working on a recognized Holiday is entitled to the following compensation for any hours worked on the calendar date of the recognized Holiday:

  • Rollover Contributions Subject to such terms and conditions as may from time to time be established by the Committee and the Trustee, an Employee, whether or not a Participant, may contribute a Rollover Contribution to the Trust Fund; provided, however, that such Employee shall submit a written certification, in form and substance satisfactory to the Committee, that the contribution qualifies as a Rollover Contribution. The Committee shall be entitled to rely on such certification and shall accept the contribution on behalf of the Trustee. Rollover Contributions shall be credited to an Employee's Rollover Contribution Account and shall be invested in accordance with Article VI of the Plan.

  • Other Allowances 5.11 (a) When an employee reports for work after having been scheduled or notified to report and work within his job description is not available for at least four (4) hours, he shall receive four (4) hours pay, at the standard hourly rate of the job for which he was scheduled or notified to report, plus any out-of-line differential that may apply, subject, however, to the provisions of Paragraph (b) and 5.12 below.

  • EMPLOYER CONTRIBUTIONS 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • VACATION WITH PAY Employees with less than one year of employment by June 30th of any year shall receive four percent of his total earnings (which excludes vacation pay) of the previous year and two weeks off. Employees who have between one year and six years employment by June 30th of any year shall receive four percent of his total earnings of the previous year and two weeks off. Employees who have between six years and twelve years of employment by June 30th of any year shall receive six percent of his total earnings of the previous year and three weeks off. Employees who have completed between twelve and twenty-five years of employment by June 30th of any year shall receive eight percent of his total earning of the previous year and four weeks off. Employees who have completed twenty-five years of employment by June 30th of any year shall receive ten percent of his total earnings of the previous year and five weeks off. An employee, who in any year xxxxxx or has severed his employment, shall receive at the time of his severance, or as soon as reasonably possible thereafter, vacation pay computed at the proper percentage in accordance with the length of employment with the Company as set out above. Any of the statutory holidays falling within an employee's annual vacation shall be paid for in accordance with article in addition to the employee's annual vacation pay, providing the employee is available for work on the normal shift preceding and following his annual vacation. The choice of vacation period shall normally be according to seniority; and it is agreed that employees, as much as possible, will choose vacation periods such that they fall within the slower periods of company operations. To encourage all members to utilize their full vacation entitlement, everyone must use all but one week of entitlement in each vacation year. The Company and the Union may agree to allow an exception to this article if applied for with a bona-fide reason. Vacation is to be taken and be paid in whole weeks. The amount paid at any one time will be based on the amount of time being taken off. That is to say if one week is taken will be paid at that time. For those choosing to take less than all their entitlement as outlined in this Article any remainingtime will be paid out in December. Brokers will be granted, on request, a leave of absence equal to the vacation entitlement of an employee with equal seniority in accordance with the rules of Article No employee shall take more than two consecutive weeks vacation at any one time. Any employee desiring to take more than two weeks vacation at one time must make a written request at least six weeks prior to the requested time to The Company. The request shall be considered by the Company and if felt necessary or advisable, the Union executive shall be consulted. In all cases, the employee making the request shall be given an answer to his request within fifteen days of the Company receiving the said request. A Broker who transfers to Company Driver status will have his service credited for vacation purposes. Vacation pay will only accrue after becoming a Company Driver. Any driver who has reach the fifty (50) factor, (which is determined by adding any combination of years of seniority and years of safe driving) will be granted a Recognition Bonus of one (1) additional week of paid vacation on a one-time basis. Such vacation shall be taken in the year the fifty factor is reached. No more than three (3) drivers may take the vacation bonus in any year. If more than three drivers are qualified for such vacation bonus in any year, only the three (3) senior most may take the vacation that year and the other qualified drivers will take the vacation bonus in seniority order in the following Drivers who reach the fifty (50) factor in subsequent years will be added to such waiting list in seniority order.