Role Based Allowance Clause Samples

The Role Based Allowance clause defines the allocation of specific allowances or benefits to individuals based on their designated roles within an organization or project. In practice, this means that employees or contractors may receive different types or amounts of allowances—such as travel stipends, meal allowances, or equipment budgets—depending on their job title or responsibilities. This clause ensures that compensation and resources are distributed fairly and transparently according to role, helping to clarify entitlements and prevent disputes over benefits.
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Role Based Allowance. As your role has been identified as a MRT role under the EBA rules, you will also receive a Role Based Allowance of $550,000 (the “Allowance”), less any applicable tax and other statutory deductions. For 2014, the Allowance will be prorated based on your start date and paid in equal instalments in accordance with the Company’s regular payroll cycle. Thereafter, any Allowance amount above $500,000 payable in a single calendar year will be paid as follows: a) the first $500,000 payable in equal instalments in accordance with the Company’s regular payroll cycle and b) the remainder payable in four equal quarterly instalments of CFG stock. You will not be eligible for the Allowance if your employment terminates before the Allowance payment date for that period. The use of Allowances will be reviewed annually and may be changed or removed at the sole discretion of the Company, or as required by regulation. In the event the Allowance is removed, an appropriate adjustment to Executive’s variable compensation shall be made to increase the discretionary variable incentive award opportunity from $1,100,000.00 referenced in Section 3(c) below to a discretionary variable incentive award opportunity of $1,650,000.00.
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Role Based Allowance. As your role has been identified as a MRT role under the EBA rules, you will also receive a Role Based Allowance of $517,500 (the “Allowance”), less any applicable tax and other statutory deductions. For 2014, the Allowance will be prorated based on your start date and paid in equal installments in accordance with the Company’s regular payroll cycle. Thereafter, any Allowance amount above $500,000 payable in a single calendar year will be paid as follows: (i) the first $500,000 payable in equal instalments in accordance with the Company’s regular payroll cycle and (ii) the remainder payable in CFG stock. You will not be eligible for the Allowance if your employment terminates before the Allowance payment date for that period. The use of Allowances will be reviewed annually and may be changed or removed at the sole discretion of the Company, or as required by regulation.
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Role Based Allowance. As your role has been identified as a MRT role under the EBA rules, you will also receive a Role Based Allowance of $800,000 (the “Allowance”), less any applicable tax and other statutory deductions. For 2015, the Allowance will be prorated based on your Commencement Date. The Allowance will be paid as follows: a) up to $500,000 will be payable in equal cash instalments in accordance with the Company’s regular payroll cycle; and b) the remainder will be delivered in shares of Company common stock, to be delivered in August and December of each applicable year. If your employment terminates, you will not be entitled to receive the Allowance for the period following your termination date. In the event of such termination, the next scheduled payment of the Allowance will be reduced pro-rata to reflect the Allowance accrued up to your termination date. The use of Allowances will be reviewed and may be removed by the Company when Executive ceases to serve in an MRT role, and may be changed or removed as required by regulation. In the event the Allowance is removed, diminished, altered, or otherwise, an appropriate adjustment will be made such that Executive’s total compensation opportunity in any non-prorated calendar year remains no less than $3,000,000.
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Related to Role Based Allowance

  • Aid Allowance An employee who has been appointed by the Employer and trained to render first aid and who is the current holder of appropriate first aid qualifications such as a certificate from the St. ▇▇▇▇'s Ambulance or similar body shall be paid weekly an allowance as detailed in Appendix A. The Employer will always appoint the appropriate number of First Aid Officers as required by relevant legislation and Code of Practice.

  • Performance Based Compensation During the Period of Employment and assuming Executive remains continuously employed by the Company through the end of the relevant fiscal year, Executive shall also be entitled to participate in an annual performance-based cash bonus program as set forth in Exhibit B.

  • First Aid Allowance An employee who has been trained to render first aid and who is the current holder of appropriate first aid qualifications such as a certificate from the St. John's Ambulance or similar body shall be paid a weekly allowance of $11.50 if appointed by their employer to perform first aid duty.

  • Annual Allowance The Corporation shall pay to the Executive, in cash, in a lump sum, on the Payment Date an amount equal to two times the annual allowance to which the Executive is entitled as of the date of the Date of Termination (or, if higher, as of immediately prior to the Effective Date).

  • Tool Allowance (a) A tool allowance as set in the relevant Wage Tables in Appendix A per week shall be paid for all purposes to:- (i) Electrical workers at Grade EW 5 and beyond; (ii) Electrical workers performing the duties of: (A) Television Antenna Installer/Erector; (B) Television/Radio/Electronic Equipment Servicemen; and (iii) Apprentices - Contained within the relevant Apprentice Wage Rates.