Payroll Adjustment Sample Clauses

Payroll Adjustment. Payroll transition issues arose during the period from 2008 — 2013 which affected the compensation of certain bargaining unit members due to payroll “lag” and calendar issues. Those issues have been resolved by the parties through the payment of current and former employees in addition to a return by the District to the former payroll system. However, the return to hours worked = hours paid will require that guidelines remain in this Agreement to assure an appropriate compensation of bargaining unit members, as follows:
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Payroll Adjustment. Verification of coursework must be received by September 15 for the employee to receive a full twelve (12) month pay increase.
Sample 1Sample 2Sample 3
Payroll Adjustment. (a) The balance sheet attached to the Protocol as Exhibit I includes an estimated value of the payroll accruals and the prepaid accounts and receivables that correspond to such payroll accruals as described in Section 9.2(c). The amounts set forth on that balance sheet will be updated at Closing and calculated in accordance with Brazilian Generally Accepted Accounting Principles. As set forth in Section 9.2(c), Goodyear will pay to Buyer such net amount in the Payroll Payment at Closing. Schedule 4.3(a) sets forth the line items included in the Payroll Payment and provides an example of the amounts, calculated in accordance with Brazilian Generally Accepted Accounting Principles, as of September 30, 2010.
Sample 1
Payroll Adjustment. The Board shall provide an explanation of a payroll adjustment or change on the electronic paycheck by the effective date of the change. After being notified by the bargaining unit member of a payroll error, the Board shall correct the error immediately. The Board shall show step placement on each paycheck. Overtime
Sample 1
Payroll Adjustment. In accordance with Education Code Section 88166, whenever it is determined an error has been made in the calculation or reporting in any Bargaining Unit employee’s payroll or in the payment of any classified employee's salary the District shall, within five (5) workdays following such determination, provide the Bargaining Unit Member with a statement of the correction and a supplemental check, if applicable. The error determination process will include calculation of the over or underpayment and will conclude once consensus has been reached between CSEA and the District on the calculation of the error. There is a three (3)-year statute of limitation for the District to be reimbursed for compensation errors which result in the overpayment to an employee. The District shall notify CSEA to negotiate the terms of repayment. The District and CSEA shall meet to develop a procedure. There is a four (4) year statute of limitation for compensation errors which result in the underpayment of an employee.
Sample 1
Payroll Adjustment. In accordance with Education Code Section 88166, whenever it is determined an error has been made in the calculation or reporting in any Bargaining Unit employee’s payroll or in the payment of any classified employee's salary the College District shall, within five (5) workdays following such determination, provide the Bargaining Unit Member with a statement of the correction and a supplemental check, if applicable. The error determination process will include calculation of the over or underpayment and will conclude once consensus has been reached between CSEA and the College District on the calculation of the error. There is a three (3)-year statute of limitation for the College District to be reimbursed for compensation errors which result in the overpayment to an employee. The College District shall notify CSEA to negotiate the terms of repayment. The College District and CSEA shall meet to develop a procedure. There is a four (4) year statute of limitation for compensation errors which result in the underpayment of an employee.
Sample 1

Related to Payroll Adjustment

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • Additional Adjustment If, in Dealer’s commercially reasonable judgment, the actual cost to Dealer (or an affiliate of Dealer), over any 10 consecutive Scheduled Trading Day period, of borrowing a number of Shares equal to the Number of Shares to hedge in a commercially reasonable manner its exposure to the Transaction exceeds a weighted average rate equal to 25 basis points per annum, the Calculation Agent shall reduce the Forward Price to compensate Dealer for the amount by which such cost exceeded a weighted average rate equal to 25 basis points per annum during such period. The Calculation Agent shall notify Counterparty prior to making any such adjustment to the Forward Price. Extraordinary Events: In lieu of the applicable provisions contained in Article 12 of the Equity Definitions, the consequences of any Extraordinary Event (including, for the avoidance of doubt, any Merger Event, Tender Offer, Nationalization, Insolvency, Delisting, or Change In Law) shall be as specified below under the headings “Acceleration Events” and “Termination Settlement” in Paragraphs 7(f) and 7(g), respectively. Notwithstanding anything to the contrary herein or in the Equity Definitions, no Additional Disruption Event will be applicable except to the extent expressly referenced in Paragraph 7(f)(iv) below. The definition of “Tender Offer” in Section 12.1(d) of the Equity Definitions is hereby amended by replacing “10%” with “20%.” Dividends: No adjustment shall be made if, on any day occurring after the Trade Date, Counterparty declares a distribution, issue or dividend to existing holders of the Shares of (i) any cash dividend (other than an Extraordinary Dividend) to the extent all cash dividends having an ex-dividend date during the period from and including any Forward Price Reduction Date (with the Trade Date being a Forward Price Reduction Date for purposes of this clause (i) only) to but excluding the next subsequent Forward Price Reduction Date differs from, on a per Share basis, the Forward Price Reduction Amount set forth opposite the first date of any such period on Schedule I, (ii) share capital or securities of another issuer acquired or owned (directly or indirectly) by Counterparty as a result of a spin-off or other similar transaction or (iii) any other type of securities (other than Shares), rights or warrants or other assets, for payment (cash or other consideration) at less than the prevailing market price as determined by Dealer. Non-Reliance: Applicable Agreements and Acknowledgments: Regarding Hedging Activities: Applicable Additional Acknowledgments: Applicable Hedging Party: Dealer Transfer: Notwithstanding anything to the contrary herein or in the Agreement, Dealer may assign, transfer and set over all rights, title and interest, powers, obligations, privileges and remedies of Dealer under the Transaction, in whole or in part, to (A) a wholly-owned subsidiary of Dealer, whose obligations hereunder are fully and unconditionally guaranteed by Dealer, or (B) any other wholly-owned direct or indirect subsidiary of Dealer with a long-term issuer rating equal to or better than the credit rating of Dealer at the time of transfer after obtaining Counterparty’s consent (which shall not be unreasonably withheld or delayed); provided that, (i) at the time of such assignment or transfer, Counterparty would not, as a result of such assignment or transfer, designation or delegation, reasonably be expected at any time (A) to be required to pay (including a payment in kind) to Dealer or such transferee or assignee or designee an amount in respect of an Indemnifiable Tax greater than the amount Counterparty would have been required to pay to Dealer in the absence of such assignment, transfer, designation or delegation, or (B) to receive a payment (including a payment in kind) after such assignment or transfer that is less than the amount Counterparty would have received if the payment were made immediately prior to such assignment or transfer, (ii) prior to such assignment or transfer, Dealer shall have caused the assignee, transferee, or designee to make such Payee Tax Representations and to provide such tax documentation as may be reasonably requested by Counterparty to permit Counterparty to determine that the transfer complies with the requirements of clause (i) in this Paragraph, and (iii) at all times, Dealer or any transferee or assignee or other recipient of rights, title and interest, powers, obligations, privileges and remedies shall be eligible to provide a U.S. Internal Revenue Service Form W-9 or W-8ECI, or any successor thereto, with respect to any payments or deliveries under the Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.