Salaries Payment and Stipends
Salaries Payment and Stipends Sample Clauses
Related to Salaries Payment and Stipends
Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.
SALARIES AND COMPENSATION 47 Section 17.1. Base Pay and Merit Increases……………………………………….. 47 Section 17.2. Employee's Contribution to OPERS……………………………….… 49 Section 17.3. Salary Deductions……………………………………………………... 50 Section 17.4. Working Out of Classification.......................................................... 50 Section 17.5. Shift Differential............................................................................... 51 Section 17.6. Service Credit................................................................................. 51 Section 17.7. Adoption Assistance Program......................................................... 52 Section 17.8. Pre-Tax Dependent Care Program................................................. 53 Section 17.9. Wage Rate Adjustment.................................................................. 53 Section 17.10. Individual Classification Pay Grade Assignment Change…………… 53 ARTICLE 18 – INSURANCE…………………………………………………………. 53 Section 18.1. Health and Hospitalization, Prescription Drug, Disability, Dental and Vision Coverage…………………………………………………………………… 53 Section 18.2. Cost……………………………………………………………………... 58 Section 18.3. Life Insurance………………………………………………………….. 59 Section 18.4. Continuation of Benefits while on Unpaid Leave…………………… 60 Section 18.5. Terms of Insurance Policies to Govern……………………………... 60 Section 18.6. IRC Section 125 Plan…………………………………………………. 60 Section 18.7. Disability Leave………………………………………………………… 60 Section 18.8. Benefits Booklet……………………………………………………….. 62 Section 18.9. Training…………………………………………………………………. 62
Progress Payments 5.1.1 Based upon Applications for Payment submitted to the Architect by the Contractor and Certificates for Payment issued by the Architect, the Owner shall make progress payments on account of the Contract Sum to the Contractor as provided below and elsewhere in the Contract Documents.
SALARIES AND WAGES Contractor and any subcontractors must pay all salaries and wages due all employees performing Services under this Contract unconditionally and at least once a month without deduction or rebate on any account, except only for those payroll deductions that are mandatory by law or are permitted under applicable law and regulations. If in the performance of this Contract Contractor underpays any such salaries or wages, the Comptroller for the City may withhold, out of payments due to Contractor, an amount sufficient to pay to employees underpaid the difference between the salaries or wages required to be paid under this Agreement and the salaries or wages actually paid these employees for the total number of hours worked. The amounts withheld may be disbursed by the Comptroller for and on account of Contractor to the respective employees to whom they are due. The parties acknowledge that this paragraph is solely for the benefit of the City and that it does not grant any third party beneficiary rights.
Bonus Payments In addition to Base Salary, Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted) of the Company; provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance).
Progress Payments; Retainage A. Owner shall make progress payments on account of the Contract Price on the basis of Contractor’s Applications for Payment on or about the first day of each month during performance of the Work as provided in Paragraph 6.02.A.1 below, provided that such Applications for Payment have been submitted in a timely manner and otherwise meet the requirements of the Contract. All such payments will be measured by the Schedule of Values established as provided in the General Conditions (and in the case of Unit Price Work based on the number of units completed) or, in the event there is no Schedule of Values, as provided elsewhere in the Contract.
Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.
Compensation Benefits and Expenses During the Term, Company shall compensate Employee for his services as follows:
Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.
Compensation; Payment of Fees and Expenses As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.
