Lumpsum definition

Lumpsum means an all-inclusive amount charged to client to include all fees and costs excluding launch hire
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Examples of Lumpsum in a sentence

  • Lump-sum payment will normally be processed at the end of the emergency assignment.

  • The Pricing Basis for Work performed on Work Order Packages or Requests which reference this Master Agreement, shall be Lump-sum, Unit Price, Crew Hour Rate, or Time, Material and Equipment as set forth in the bid applicable to a specific Work Order Package or Request.

  • The benefit under this Section 2.3 is the Disability Lump-sum Benefit set forth in Schedule A for the Plan Year ending immediately prior to the date on which the Disability is determined to have occurred (except during the first Plan Year, the benefit is the amount set forth for Plan Year 1), determined by vesting the Executive in 100 percent of the Accrual Balance.

  • The benefit under this Section 2.3 is the Disability Lump-sum Benefit set forth in Schedule A for the Plan Year ending immediately prior to the date in which the Termination of Employment occurs (except during the first Plan Year, the benefit is the amount set forth for Plan Year 1), determined by vesting the Executive in 100 percent of the Accrual Balance.

  • Lump-sum payment will be made on or before June 25 of each year, provided all contract obligations have been fulfilled and approved by the building principal or Superintendent and monies have been received from the state.

  • Lump-sum payment will be made on or before June 25 of each year, provided all contract obligations have been fulfilled and approved by the building principal or Superin- tendent and monies have been received from the state.

  • Lump-sum benefits from the Traditional Annuity accumulation will be paid first from any amounts remaining to be transferred under a Transfer Payout Annuity, then from any amounts under the interest payments option, if necessary, and then from the balance of the employee’s Traditional Annuity accumulation, if necessary.

  • Lump-sum vacation payments shall be made on the basis of the hourly equivalent rate for the employee's last regular assignment.

  • Lump-sum payments for terminal vacation do not represent time on pay status.

  • Lump-sum calculation will be revised to guarantee actuarial fairness.