Payment to A. E for the services established under this Work Authorization shall be made in accordance with the Agreement.
Payment to A. “Specified Employee”. To the extent any payment hereunder that is payable by reason of termination of the Employee’s employment constitutes “nonqualified deferred compensation” subject to Section 409A and would otherwise have been required to be paid during the six (6)-month period following such termination of employment, it shall instead (unless at the relevant time the Employee is no longer a Specified Employee) be delayed and paid, without interest, in a lump sum on the date that is six (6) months and one (1) day after the Employee’s termination (or, if earlier, the date of the Employee’s death).
Payment to A. E shall be within thirty (30) days of receipt and approval of the invoice by OCCR. A retention of ten percent (10%) shall be withheld each month from the cumulative amount due to A-E on each separate item of work. It is A-E’s responsibility to submit the retention release invoice request upon completion of project services. Payment of the remaining ten percent (10%) on each separate item of work shall be made upon acceptance and approval of said item of work by OCCR.
Payment to A regular employee who is part-time, or whose continuous employment includes full-time, part-time, temporary and/or casual employment, will be calculated by reducing his years of part-time, temporary and/or casual continuous employment pro rata to the difference between the scheduled weekly hours for his part-time, temporary and/or casual position and the scheduled weekly hours for a full-time position (i.e. 40 hours). An employee’s regular weekly salary shall be adjusted to the full-time regular weekly salary solely for the purpose of paying his pro rated continuous employment severance pay pursuant to this Clause.
Payment to A. G.A. In consideration for the services provided by A.G.A., the Fund shall pay A.G.A. at an annual rate of one-tenth of one percent (0.10%) of the Fund's average daily net asset value. The fee shall be paid monthly, within fifteen (15) calendar days after the end of the preceding month.
