Reimbursement of Abatement Savings Sample Clauses

Reimbursement of Abatement Savings thyssenkrupp further acknowledges and agrees that fulfillment of the Relocation Commitment is a material inducement and consideration for the City’s establishment of the ERA and approval of the Abatement. If thyssenkrupp fails to satisfy the Relocation Commitment, the City shall be entitled to reimbursement for any year during the Term which thyssenkrupp was not continuously compliant (whether determined by the City as a result of the CF-1, Employment Commitment Certification or Additional Compliance Information) in an amount calculated as follows: percentage of failure to comply multiplied by the total benefit received as a result of the Abatement during the year of non- compliance (“Reimbursement Amount”). For example, and without limitation, if thyssenkrupp employs only sixty (60) FTEs from the Fishers Site and thyssenkrupp has received a benefit from the Abatement in the amount of Fifty Thousand and no/Dollars ($50,000.00) during the year in which it was non-compliant with the Relocation Commitment, the City is entitled to reimbursement in an amount equal to the product of the following: (1 – (60/200)) x $50,000.00 = $35,000.00). If the City allows the Abatement to continue despite thyssenkrupp not fully and continuously complying with the Relocation, (a) it shall not be considered a waiver of the City’s right to seek the Reimbursement Amount; (b) the City shall be entitled to the Reimbursement Amount; and (c) the City shall provide (i) notice of its intent to seek the Reimbursement Amount (the “Abatement Notice”); and (ii) thyssenkrupp the opportunity to meet with the City within fifteen (15) days of such notice. Notwithstanding the foregoing or anything contained herein to the contrary, the City shall not seek to recover and thyssenkrupp shall not be liable for any Reimbursement Amount for a year during which thyssenkrupp was determined to be continuously compliant with the Relocation Commitment. After providing the Abatement Notice and, if requested, meeting with thyssenkrupp, if the City seeks the Reimbursement Amount pursuant to this Section 6.03, the City may submit an invoice to thyssenkrupp for any Reimbursement Amount (“Reimbursement Notice”), and within thirty (30) days of submitting the Reimbursement Notice, thyssenkrupp shall pay the Reimbursement Amount. If not paid in full by such due date, the Reimbursement Amount shall bear interest from the due date thereof to the date of payment at the prime rate of interest, as reported in the Wall S...
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Related to Reimbursement of Abatement Savings

  • Reimbursement Schedule Maximum reimbursement shall be as follows:

  • Expense Reimbursement The Executive shall be entitled to receive reimbursement for all appropriate business expenses incurred by him in connection with his duties under this Agreement in accordance with the policies of the Company as in effect from time to time.

  • DEPENDENT CARE REIMBURSEMENT ACCOUNT During the term of this MOU, Management agrees to maintain a Dependent Care Reimbursement Account (DCRA), qualified under Section 129 of the Internal Revenue Code, for active employees who are members of LACERS, provided that sufficient enrollment is maintained to continue to make the account available. Enrollment in the DCRA is at the discretion of each employee. All contributions into the DCRA and related administrative fees shall be paid by employees who are enrolled in the plan. As a qualified Section 129 Plan, the DCRA shall be administered according to the rules and regulations specified for such plans by the Internal Revenue Service.

  • PAYMENT ABATEMENT A. In the event that Concessionaire is unable to operate the Concession Premises as a direct result of the performance of, failure to perform or negligent performance by Department, its officers, agents, servants, and employees, of any act under the control or responsibility of Department, Concessionaire may be considered for an abatement of payment for the period that the Concession Premises cannot be operated. Circumstances for consideration of payment abatement shall include but not be limited to, disruption caused by Department construction activities in or around the Concession Premises and interruption of utility service as a result of actions by Department. Construction activities outside the control of Department and interruption of utility services by the utility service provider shall not be grounds for abatement. Suspension of Operations, as provided in Paragraph 9, shall not be grounds for abatement. Notwithstanding the circumstances, the decision whether or not to grant an abatement and the amount of any abatement lies completely within the discretion of Department.

  • Tuition Reimbursement Program 21.2.1 The District will fund $28,000 each fiscal year for incentive pay for employees pursuing their National Board Certification, a master’s degree, or an endorsement.

  • Mileage Reimbursement A. Subject to the current Vehicle Rules and Regulations established by the Board, an employee who is authorized to use a private automobile in the performance of duties shall be reimbursed for each mile driven in the performance of his or her duties during each monthly period as follows:

  • Tuition Reimbursement A. Agencies may approve full or partial tuition reimbursement, consistent with agency policy and within available resources.

  • Reimbursement of VAT Where under this contract one party is to reimburse or indemnify the other in respect of any payment made or cost incurred by the other, the first party shall also reimburse any VAT paid by the other which forms part of its payment made or cost incurred to the extent such VAT is not available for credit for the other party (or for any person with whom the indemnified party is treated as a member of a group for VAT purposes) under sections 25 and 26 of the Value Added Tax Xxx 0000.

  • Travel Expense Reimbursement Pricing for services provided under this Contract are exclusive of any travel expenses that may be incurred in the performance of those services. Travel expense reimbursement may include personal vehicle mileage or commercial coach transportation, hotel accommodations, parking and meals; provided, however, the amount of reimbursement by Customers shall not exceed the amounts authorized for state employees as adopted by each Customer; and provided, further, that all reimbursement rates shall not exceed the maximum rates established for state employees under the current State Travel Management Program (xxxx://xxx.xxxxxx.xxxxx.xx.xx/procurement/prog/stmp/). Travel time may not be included as part of the amounts payable by Customer for any services rendered under this Contract. The DIR administrative fee specified in Section 5 below is not applicable to travel expense reimbursement. Anticipated travel expenses must be pre-approved in writing by Customer.

  • Reimbursement Payments The Department shall, to the extent funds are available, reimburse the Grantee for eligible claims presented for payment if the Department determines the requirements for reimbursement have been met. Claims under this Contract can only be made for the period this Contract is in effect. Reimbursement programs include the following:

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