Payment of Penalty. The TSP shall pay a penalty on account of Availability being less than ninety five percent (95%) in any Contract Year in respect of the Element(s) having achieved COD or in case of the Project, after COD of the Project, to be computed in line with Clause 1.2.3 of Schedule 5 of this Agreement and paid on an annual basis. This penalty payable by the TSP shall be apportioned in favour of the Long Term Transmission Customer(s) in the ratio of the Transmission Charges paid or actually payable to the TSP by them existing at the end of the relevant Contract Year.
Payment of Penalty. If an individual with respect to whom a pen- alty is imposed by this section for any month—
Payment of Penalty. Penalty shall be assessed on amounts of overdue tax liabilities at rates established by the Tax Legislation in effect as of the due dates of payment of such amounts.
Payment of Penalty. At the meeting of organisations, the enterprise will be requested to pay the amount owing. In addition, the enterprise will be requested to pay a penalty which, if it is the first such penalty, will total 17% of the amount owing, however with a minimum of DKK 1000.
Payment of Penalty. The TSP shall pay a penalty on account of Availability being less than ……………… percent %) [To be inserted by the BPC ] in any Contract Year in respect of the Element(s) having achieved COD or in case of the Project, after COD of the Project, to be computed in line with Clause 1.2.2of Schedule 5 of this Agreement and paid on an annual basis. [The minimum Availability shall be indicated as 95% for AC system and 92% for HVDC system]. This penalty payable by the TSP shall be apportioned in favour of the Long Term Transmission Customer(s) in the ratio of the Transmission Charges paid or actually payable to the TSP by them existing at the end of the relevant Contract Year. If the availability of the Project is below the Target Availability for six consecutive months, the provisions of Article 8.2 shall apply.
Payment of Penalty. Any penalty amount occasioned by delay of the completion of construction shall be due and payable by NAANOVO on the last day of each calendar month.
Payment of Penalty. 4.1 If the High Court imposes the Agreed Recommended Penalty in the Penalty Judgment, Cigna will pay the amount of the Agreed Recommended Penalty in cleared funds into the bank account nominated by the FMA within 15 Working Days of the Penalty Judgment.
Payment of Penalty. Section 1. Payment of the penalty for not paying wages on time is the payment of double time for twenty-four (24) hours a day until the wages are paid.
Payment of Penalty. LPC shall have the right to elect to remit payment associated with the “Penalty” provision by having such payment deducted, either one-time or equally distributed, from its Property Management Fee for the year following the Penalty year. In the event that Penalty is incurred in the final year of the Term or final year of an Extension Option, LPC shall pay the Penalty, if any, within sixty (60) days of expiration of term/option.
Payment of Penalty. At the meeting of organisations, the enterprise will be requested to pay the amount owing. In addition, the enterprise will be requested to pay a penalty which, if it is the first such penalty, will total 17% of the amount owing, however with a minimum of DKK 1000. Annex 24. Organisation agreement on cooperation in enterprises of all sizes The parties recognise that enterprises will be facing dramatic changes in connection with the green transition, a changing labour market with new technologies ranging from self-driving trucks to automated warehouses and a job market characterised by later retirement. The many new challenges entail a greater need for cooperation at all levels between managers and employees and in all types of enterprises. The parties agree that it is best to involve employees in maintaining and developing enterprises’ adaptability and innovative abilities, one approach being to discuss the need for new skills and ongoing upskilling. The introduction of new technology requires increased focus on continuing education and training and on capacity for change. In future the role of health and safety representatives will become increasingly important in joint efforts to ensure high health and safety standards and productive enterprises. The parties agree that health and safety representatives must be at the centre of systematic health and safety work, including the determination of goals, workplace assessments and the prevention of accidents. One responsibility of health and safety representatives will be to raise the awareness of colleagues and management of health and safety at work. It is key that health and safety representatives in collaboration with management and shop stewards maintain a special focus on strategic assignments performed under the umbrella of the health and safety organisation, works councils or other collaborative forums. Later retirement from the labour market will increase the need to continuously create the best possible framework for high health and safety standards, which should be ensured by involving the health and safety representatives. The parties agree that good health and safety standards at work are conducive to high productivity and a sound economy. In order to prepare enterprises for tapping the potential provided by the green transition, including the potential offered by green transition in the global market, it is increasingly necessary for employees constantly to be abreast of health and safety challeng...
