TxDOT Compensation definition

TxDOT Compensation has the meaning set forth in Section 6(a).
View Source

Examples of TxDOT Compensation in a sentence

  • In addition to the TxDOT Compensation, Developer shall pay to TxDOT its demonstrated and actual additional administrative and processing costs and expenses, except those capable of being reasonably mitigated, incurred to perform services under this Tolling Services Agreement directly attributable to any failure or inability of Developer to meet the ETCS performance requirements set forth in Section 21.5 of the Technical Provisions.

  • In addition to the TxDOT Compensation, TxDOT shall have the right to impose on and collect from Users (separate from the toll charges referenced in Sections 7(a) and (b)), and retain as additional compensation, Incidental Charges consistent with TxDOT’s practices concerning customers of its own facilities; provided that Developer shall have no liability for TxDOT’s inability to collect the same from Users.

  • TxDOT shall have no duty to attempt to collect or enforce a toll, or to pay Developer for Transactions, respecting a vehicle traveling on the Facility where the vehicle is not a Candidate Vehicle; provided, however, that if TxDOT does collect a toll respecting any such vehicle, it shall pay Developer the toll collected and shall be entitled to TxDOT Compensation for such Transaction.

  • TxDOT shall have no duty to attempt to collect or enforce a toll, or to pay Developer for Transactions, respecting a vehicle traveling on the Project where the vehicle is not a Candidate Vehicle; provided, however, that if TxDOT does collect a toll respecting any such vehicle, it shall pay Developer the toll collected and shall be entitled to TxDOT Compensation for such Transaction.

  • TxDOT Compensation and other amounts payable in accordance with this Section 6(h) not paid when due (other than as a consequence of TxDOT’s failure to timely deduct payments owing to it when it has the right hereunder to make such deductions from toll payments to be made to Developer hereunder) shall bear interest and late charges as provided in Section 19(f).

  • In addition to the TxDOT Compensation, TxDOT shall have the right to impose on and collect from Users, and retain as additional compensation, Incidental Charges consistent with TxDOT’s practices concerning customers of its own facilities; provided that Developer shall have no liability for TxDOT’s inability to collect the same from Users.

Related to TxDOT Compensation

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Basic Compensation means Salary and Benefits.

  • Termination Compensation means a monthly cash amount equal to one-twelfth (1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.