First Pay definition

First Pay means THE FIRST PAY DIVISION of the Borrower as identified in the Borrower's internal financial statements.
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Examples of First Pay in a sentence

  • During First Pay Period Of The Month In the event an employee separates from Library Authority employment during the first pay period of the month, the health premium that would have been deducted from the second paycheck of the month shall instead be deducted from any remaining leave balance payment due to the employee upon separation.

  • Any installment payments that would have been made to Executive during the thirty (30) day period immediately following Executive’s Separation from Service but for the preceding sentence shall be paid to Executive on the First Pay Date and the remaining payments shall be made as provided in this Agreement.

  • Supplemental contracts for Head Maintenance, Head Grounds, Transportation Supervisor Assistant and Head Custodians to be paid in three increments on the following dates: First Pay in November, First Pay in March and Last Pay in May.

  • Any payments required to be made pursuant to this Section 5.b. prior to the thirtieth (30th) day following the Date of Termination (the “First Pay Date”) shall be paid in a single lump sum on the first regularly scheduled payroll date on or following the First Pay Date.” c.

  • First Pay Date – The Board shall begin the twenty-four (24) equal pays under this Contract on the 15th of September.

  • No agreements that affect the Purchased Assets, with the noted exception of the assignment, on May 10, 2010, by M2 Financial Ltd of its interests with SP Payments LTD to First Pay Ltd.

  • Thereafter, the Employer will post on the bulletin board the contemplated changes resulting from the submitted requests and such changes will go into effect on the date indicated by the following schedule: Effective February 15 through March 1 March 15 Start of First Pay Period in April.

  • Completion of Number of Years of Uninterrupted Service First Pay 1 to 10 $ 50.00 11 100.00 12 150.00 13 200.00 14 250.00 15 325.00 16 400.00 17 475.00 18 550.00 19 625.00 20 725.00 21 825.00 22 925.00 23 and thereafter 925.00 Name of Grievant.

  • It is understood and agreed that the obligations of the Seller set forth in this Section 3.3 to cure or repurchase a Mortgage Loan and to indemnify the Purchaser constitute the sole remedies of the Purchaser respecting a breach of the foregoing representations and warranties, or any First Pay Default Loans.

  • Payment for coaching a sport shall be made in equal installments per the following schedule: Payment 1 = First Pay in September Payment 2 = First Pay in October Payment 3 = First Pay in November Payment 1 = Second Pay in November Payment 2 = Second Pay in December Payment 3 = Second Pay in January Payment 4 = Second Pay in February In the event a sport season is shortened due to reasons beyond the school district's control, payment will be prorated on the basis of the season completed.

Related to First Pay

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Interest Payment Period means the period from and including an Interest Payment Date, or in the case of the first Interest Payment Period, the original date of issuance of the Debt Securities, to, but excluding, the next succeeding Interest Payment Date or, in the case of the last Interest Payment Period, the Redemption Date, Special Redemption Date or Maturity Date, as the case may be.

  • Compensating Interest Payment As defined in Section 6.06.

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Interest Payment Date when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.