Goods and Services Allowance Sample Clauses

Goods and Services Allowance. In order to compensate the Executive for the higher costs of goods and services in Brazil as compared to the United States, the Executive will receive an allowance for the purchase of goods and services (the "Allowance"). The differential will be based on tables prepared by Organization Resources Counselors, Inc. ("ORC"), which are calculated by multiplying a goods and services index by the amount that a person at the Executive's income level and family size would spend on goods and services in the United States. In the event ORC no longer prepares such tables, the Allowance will be determined by the Board of Directors based on data reasonably comparable to the data used by ORC to prepare its tables. At present, the ORC goods and services differential for an American at the Executive's salary level and family status assigned to Brazil is U.S. $28,212 per year. The Allowance may be adjusted by the Board of Directors quarterly or more frequently if economic conditions reasonably dictate. Payment of the Allowance shall commence when the Executive moves into permanent quarters in Brazil. The Allowance will be denominated in U.S. dollars and shall be paid at such time as the Salary is paid.
Sample 1
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Goods and Services Allowance. Employee to receive a Goods and Services Allowance to cover the difference in the cost of goods and services between the U.S. and the U.K. The initial Goods and Services allowance, based on a family of five, will be $5,499 per month. The Efficient Purchaser Index provided by Organizational Resource Counselors is used to determine the monthly amount that is allocated or not allocated due to a favorable exchange rate or market. The ORC index compares costs in the home country to costs in the assignment location. The Goods and Services allowance will be reviewed annually. If, upon review, the allowance is a difference of 5% or greater (either up or down), Company will notify Employeee of the change in allowance. This review may result in the increase of the allowance or the ceasing of the allowance depending upon the cost-of-living index.
Sample 1
Goods and Services Allowance. The Company agrees to pay the Employee $1388.11 bi-weekly as an offset for the higher costs of goods and services in London. Payments will be less any applicable deductions for taxes, etc., commencing with the Employee's move to London and concluding with his return to the United States or any change in location of assignment.
Sample 1
Goods and Services Allowance. The Goods and Services Allowance is intended to reimburse you for certain increased living costs (excluding housing and utilities), which may result when living costs in Host Country exceed those in the United States. The Goods and Services Allowance is determined using your base salary and may be adjusted up or down due to fluctuation in costs in the home and host countries and in the exchange rate. This allowance begins when you move into housing in Host Country and ends upon vacating said housing. The current Goods and Services allowance available to you is USD $97,567.58 net amount per year and will be paid monthly. Housing and Utilities Differential The Company will pay your actual monthly housing fee and utilities up to USD $8,800 dollars per month, plus any security deposit, excluding personal telephone expenses. The Company must approve housing and rental terms in advance. The deduction and payment of housing will begin when you move into the Host Country residence. You will not be entitled to a cash reimbursement should the actual costs incurred fall below USD $8,800 dollars per month. Additionally, should you determine to sell your existing home in the US, the Company will reimburse you for reasonable closing and brokerage costs associated with such sale. Education Support Cross Cultural Training Cross-cultural training will be provided to assist you and your Accompanying Family to settle quickly into the Host Country business and lifestyle.
Sample 1
Goods and Services Allowance. In addition to Assignee's base salary, the Company will pay to Assignee a Goods and Services Allowance. The allowance will be paid monthly with your base salary and is intended to contribute toward a variety of incidental expenses that may be incurred as a result of working in Switzerland, which may differ from one person to the other, and is in lieu of any other expatriation benefits unless expressly stated. The allowance will be reviewed every six months and will be adjusted, either upward or downward, to reflect changes in the economic tables or other events, such as changes in base salary or tax tables, unusual economic events, or changes in the number of dependents.
Sample 1
Goods and Services Allowance. A goods and services allowance may be provided to ensure that you have the equivalent purchasing power of goods and services in the host country as in the home country. This allowance covers the differences in all living costs except housing, automobile, taxes, and education, which are addressed separately in this policy. Eligibility for the goods and services allowance begins the day you move into permanent living quarters in the assignment location. Payment of the allowance will cease when you vacate your host country residence to assume a new global or domestic assignment. Walgreens' designated service provider will determine the data necessary to calculate the difference in the cost of a comparable market basket of goods and services between the home and host locations. You are responsible for the portion of costs that would have been used to purchase those goods and services in the home country. Walgreens will then provide an adjustment/allowance which represents the difference for goods and services between the host location and the home location, and is remitted to you on a monthly basis. The provider continuously monitors exchange rates and issues regular cost-of-living updates to Walgreens. The host country allowance will be reviewed every six months and will be adjusted, either upward or downward, to reflect changes in the economic tables. In addition, the host country adjustment is reviewed when any of the following events occur: · Change in base salary · Change in tax tables · Unusual economic circumstances · Change in number of dependents Differentials between home and host countries will vary by salary, family size, and work location. Therefore, it is unlikely that employees in the same assignment location will receive identical goods and services allowance.
Sample 1
Goods and Services Allowance. A goods and services allowance will be paid to compensate you for the higher cost of goods and services in Switzerland. Your goods and services allowance will, therefore, be USD 2,630 per month, and will commence once you have moved into your permanent housing. The monthly goods and services allowance will be reviewed annually so that changes in the cost of living when compared to your home country, as well as in the exchange rate, can be reflected. Payment will begin on the day you take up permanent accommodations in Switzerland and cease on the day you return at the end of your assignment. Housing and Utility Allowance Your budget for housing and related utilities in Switzerland will be up to USD 4,500 per month. If you elect housing in Switzerland that results in a cost in excess of this allowance, you agree reimburse VASCO for the difference. Furniture and Appliances You will receive a payment of USD 30,000 immediately prior to the start of your assignment to cover furniture whether leased or purchased and to include any shipping cost for purchased items. Relocation VASCO will reimburse your travel expenses to your new location. Your reimbursements will be in accordance with VASCO’s business travel policy. Excess baggage costs for an additional 50 kg will also be covered under this agreement. If your housing arrangements are not completed by the time you reach your location of assignment, VASCO will pay reasonable living costs up to 30 days. These reimbursements will cease when you move into permanent quarters and begin to receive the housing and utility allowance.
Sample 1
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Goods and Services Allowance. The Executive shall receive a local goods and services allowance in accordance with the Company’s expatriate relocation policy. AptarGroup, Inc. 200 Xxxxxxxx Xx., Xxxxx 000 Xxxxxxx Xxxx, XX 00000, U.S.A. axxxx.xxx
Sample 1
Goods and Services Allowance. Based upon cost of living data research by ---------------------------- Organizational Resource Counselors, Inc. you will be entitled to a "Goods and Services" allowance $4,802.14 (US$57,625.71 on an annualized basis). This allowance will be paid to you in a monthly increment to your base salary in the amount of $4,802.14. This Goods & Services allowance (G&S) is designed to provide sufficient local currency with which to buy goods and services comparable to those normally purchased in the U.S. Your G&S allowance will be reviewed periodically, updated when appropriate and may --- increase or decrease as conditions change. This allowance will be paid in ----------------------------------------- local currency monthly beginning on November 1, 1998. In situations where the G&S is negative, the Company will assume a zero G&S differential..
Sample 1

Related to Goods and Services Allowance

  • Car Allowance During the Employment Period, Executive shall be paid a monthly car allowance in the gross amount of $850.00.

  • Vehicle Allowance During the Employment Period, Executive shall be entitled to receive from the Company a vehicle allowance of $1,000 per month, subject to future increases as may be granted to senior executives.

  • Automobile Allowance The Company shall provide the Executive with an automobile allowance in the amount of $1,000.00 per month to be allocated at the Executive’s discretion, or such other monthly amount designated by the Board, and that allowance shall be payable in regular installments in accordance with the Company’s general payroll practices.

  • Construction Contract; Cost Budget Prior to execution of a construction contract, Tenant shal] submit a copy of the proposed contract with the Contractor for the construction of the Tenant Improvements, including the genera] conditions with Contractor (the “Contract”) to Landlord for its approval, which approval shall not be unreasonably withheld, conditioned or delayed. Following execution of the Contract and prior to commencement of construction, Tenant shall provide Landlord with a fully executed copy of the Contract for Landlord’s records. Prior to the commencement of the construction of the Tenant Improvements, and after Tenant has accepted all bids and proposals for the Tenant Improvements, Tenant shall provide Landlord with a detailed breakdown, by trade, for all of Tenant’s Agents, of the final estimated costs to be incurred or which have been incurred in connection with the design and construction of the Tenant Improvements to be performed by or at the direction of Tenant or the Contractor (the “Construction Budget”), which costs shall include, but not be limited to, the costs of the Architect’s and Engineers’ fees and the Landlord Coordination Fee. The amount, if any, by which the total costs set forth in the Construction Budget exceed the amount of the Tenant Improvement Allowance is referred to herein as the “Over Allowance Amount”. In the event that an Over-Allowance Amount exists, then prior to the commencement of construction of the Tenant Improvements, Tenant shall supply Landlord with cash in an amount equal to the Over- Allowance Amount. The Over-Allowance Amount shall be disbursed by Landlord prior to the disbursement of any of the then remaining portion of the Tenant Improvement Allowance, and such disbursement shall be pursuant to the same procedure as the Tenant Improvement Allowance. In the event that, after the total costs set forth in the Construction Budget have been delivered by Tenant to Landlord, the costs relating to the design and construction of the Tenant Improvements shall change, any additional costs for such design and construction in excess of the total costs set forth in the Construction Budget shall be added to the Over-Allowance Amount and the total costs set forth in the Construction Budget, and such additional costs shall be paid by Tenant to Landlord immediately as an addition to the Over-Allowance Amount or at Landlord’s option, Tenant shall make payments for such additional costs out of its own funds, but Tenant shall continue to provide Landlord with the documents described in items (1), (ii), (iii) and (iv) of Section 2.2.2.1 of this Tenant Work Letter, above, for Landlord’s approval, prior to Tenant paying such costs. All Tenant Improvements paid for by the Over-Allowance Amount shall be deemed Landlord’s property under the terms of the Lease. 4.2.2

  • Utility Services The Owner represents that, to the best of its knowledge, all utility services required to construct and operate the Project (including, without limitation, public water, sewer and electricity) are currently available to the Property in the capacities required to operate the Project. No work need be performed by or on behalf of the Developer to make such utilities available to the Property for the construction or operation of the Project, except for the matters, if any, set forth on Exhibit "D". Copies of letters from the providers of such utility services confirming such availability are annexed hereto as Exhibit "G".

  • Construction Allowance Landlord shall provide to Tenant a construction allowance not to exceed $45.00 per rentable square foot in the Premises (the “Construction Allowance”) to be applied toward the Total Construction Costs, as adjusted for any changes to the Tenant’s Work. No advance of the Construction Allowance shall be made by Landlord until Tenant has first paid to the contractor from its own funds (and provided reasonable evidence thereof to Landlord) the anticipated Excess Amount. Thereafter, Landlord shall pay to Tenant the Construction Allowance, to be applied solely toward the remaining Total Construction Costs and not in reimbursement of the Excess Amount paid by Tenant, in multiple disbursements (but not more than once in any calendar month) following the receipt by Landlord of the following items: (i) a request for payment, (ii) final, unconditional or partial lien waivers, as the case may be, from all persons performing work or supplying or fabricating materials for the Tenant’s Work, fully executed, acknowledged and in recordable form, (iii) copies of all invoices and proof of payment of same, and (iv) the Architect’s certification that the Tenant’s Work for which reimbursement has been requested has been finally completed, including (with respect to the last application for payment only) any punch-list items, on the appropriate AIA form or another form approved by Landlord, and, with respect to the disbursement of the last 10% of the Construction Allowance: (1) the permanent certificate of occupancy issued for the Premises, (2) Tenant’s occupancy of the Premises, (3) delivery of the “as-built” plans for the Tenant’s Work as constructed (and as set forth above) to Landlord’s construction representative (set forth below), and (4) an estoppel certificate confirming such factual matters as Landlord or Landlord’s Mortgagee may reasonably request (collectively, a “Completed Application for Payment”). Landlord shall pay the amount requested in the applicable Completed Application for Payment to Tenant within 30 days following Tenant’s submission of the Completed Application for Payment. If, however, the Completed Application for Payment is incomplete or incorrect, Landlord’s payment of such request shall be deferred until 30 days following Landlord’s receipt of the corrected Completed Application for Payment. Notwithstanding anything to the contrary contained in this Exhibit, Landlord shall not be obligated to make any disbursement of the Construction Allowance during the pendency of any of the following: (A) Landlord has received written notice of any unpaid claims relating to any portion of the Tenant’s Work or materials in connection therewith, other than claims which will be paid in full from such disbursement, (B) there is an unbonded lien outstanding against the Project or the Premises or Tenant’s interest therein by reason of work done, or claimed to have been done, or materials supplied or specifically fabricated, claimed to have been supplied or specifically fabricated, to or for Tenant or the Premises, (C) the conditions to the advance of the Construction Allowance are not satisfied, or (D) an Event of Default by Tenant exists. If the Total Construction Costs for the Premises are less than the Construction Allowance, then Tenant shall not be entitled to receive payment or credit for such difference and Landlord shall retain the same. The Construction Allowance must be used (that is, the Tenant’s Work must be fully complete and the Construction Allowance disbursed) within twenty-four (24) months following the Commencement Date or shall be deemed forfeited with no further obligation by Landlord with respect thereto, time being of the essence with respect thereto. The Construction Allowance may be used in Tenant’s discretion for Tenant’s Work with no stipulation from Landlord as to how much of the Construction Allowance is allocated within the various spaces in the Premises.

  • Auto Allowance Executive shall be entitled to an auto allowance for one vehicle for Executive’s use up to $1,000 per month.

  • Business Expenses and Final Compensation You acknowledge that you have been reimbursed by the Company for all business expenses incurred in conjunction with the performance of your employment and that no other reimbursements are owed to you. You further acknowledge that you have received payment in full for all services rendered in conjunction with your employment by the Company, including payment for all wages, bonuses and accrued, unused vacation time, and that no other compensation is owed to you except as provided herein.

  • Expense Allowance The Company shall reimburse the Executive for all reasonable and necessary expenses incurred by him from time to time in the performance of his duties hereunder, against receipts therefor in accordance with the then effective policies and requirements of the Company.

  • Support Services Other than the assistance provided in the Information, the BNPP Entities do not offer any support services in connection with the Software.

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