In-Lieu Payments. Certificated employees hired on or after July 1, 2003, or employees not currently receiving cash in lieu as of June 30, 2003, are not eligible for in lieu benefits. If an employee who was receiving cash in lieu as of June 30, 2003, can show evidence of comparable medical coverage, the District shall contribute the balance of the employee’s fringe benefit allowance [after dental benefits and Income Protection Insurance (if applicable) have been deducted from the cap] to a District sponsored 403b Retirement Plan (also called a TSA-Tax Sheltered Annuity). The District’s TSA eligible contributions shall be frozen at the level as of June 30, 2009. Any funds over the cap can be applied to other insurance benefits offered by the District as outlined in the respective bargaining agreements. In order for an eligible employee to qualify to receive medical Retiree Benefits from the District, they must re-enroll in one of the District-sponsored medical plans during the Open Enrollment period (enrollment to be effective October 1st) which occurs at least 21 months prior to the date of retirement.
In-Lieu Payments. Employees who are eligible to enroll in the City’s medical coverage and who deny coverage or elect to enroll in medical coverage through the employee’s spouse or registered domestic partner are eligible for in-lieu payments. In-lieu payments for medical coverage only shall be set by City Council resolution, which shall be adopted prior to open enrollment.
In-Lieu Payments. As part of the consideration for this Agreement and the 2013 SUP for Area F, Owner agrees that the then current Owner of any Resort Estates lot within Development Area F that is not used as a Hotel Key or otherwise used exclusively for the purpose of renting under agreements having an occupancy term of less than thirty (30) days (such lot constituting an “Obligated Unit”) shall make in lieu payments (each such payment being an “In Lieu Payment”) to the Town, as follows:
In-Lieu Payments. The combination of (1) the method used to determine payments under Section 34.23(b)(i) and (2) the method used to determine Rent due under this Lease shall be no less favorable to Tenant from a monetary perspective than the combination of such methods used to determine amounts payable as Rent and In Lieu Payments to Landlord by any other persons or entities that own or operate one or more Riverboat Casino/hotel operations located within the City of Shreveport. The agreed upon test to make such “no less favorable determination” is the application of the Rent and In Lieu Payment (or their equivalent) calculation methods applicable to other persons or entities that own or operate one or more Riverboat Casino/hotel operations located within the City of Shreveport to Tenant in order to determine the hypothetical Rent and In Lieu Payments that would be due Landlord from Tenant under such calculation methods; provided, however, Tenant agrees and acknowledges that its payment to Landlord of the amounts described in Section 34.23(b)(i) in an amount up to .025% greater than that paid by other persons or entities that own or operate one or more Riverboat Casino/hotel operations located within the City of Shreveport does not constitute a “less favorable determination” (the “Acceptable Payment Discrepancy”). If the application of such methods to Tenant results in a lower total dollar amount due Landlord from Tenant (other than solely as a result of the Acceptable Payment Discrepancy), then Landlord shall only be entitled to collect such lower total dollar amount from Tenant and Tenant shall only be obligated to pay such lower total dollar amount to Landlord. In the event a Riverboat Casino/hotel operator does not lease City-owned land for its operation, only In Lieu Payments shall be considered for purposes of the “no less favorable determination” related to such Riverboat Casino/hotel operator.
In-Lieu Payments. All Employees covered by health insurance from another source may, by option exercised in writing, elect to accept a cash alternative of $100 per pay period. To qualify for this option Employees must provide proof of another source of insurance and must not be covered as a dependent on a County-paid health plan. An employee who elects to accept in-lieu payments may, by option exercised in writing, elect to participate in dental and/or optical coverage, and the actual cost of such coverage shall be deducted from the in-lieu payments.
In-Lieu Payments. If you receive fractional shares as the result of a stock split or other corporate action, we, in our sole discretion, may either sell the shares on the open market or to the issuer or transfer agent, and you are entitled to receive your pro rata portion of the proceeds of such sale. If sold on the open market, the sale price may differ from that offered to certain registered owners by the issuer or transfer agent.
In-Lieu Payments a. The Parties hereby agree that, with respect to each year of operation of the Project, DVD shall make TOT in-lieu payments (“TOT in-lieu”) to the City in accordance with this Section 2(a). TOT in-lieu payments shall be calculated based on actual occupancy of the timeshare units (whether occupied by a transient (hotel) guest, a DVD Timeshare Owner, an occupant based on a timeshare exchange, or otherwise). In connection therewith, each night of the year will be assigned a point value specific to room type, season and day of the week (“Point Value”). Beginning the first year of operation and on an annual basis, and no more frequently than on an annual basis, DVD shall provide to the City a Point Value allocation for the Project. The Parties agree that while the Point Value allocation may change from year to year, the sum total Point Value for the Project shall remain static from year to year. For each night that a timeshare unit in the Project is occupied, DVD will collect from the occupant, at checkout, an amount based on the Point Value assigned to such night, times a dollar figure with respect to TOT in-lieu (“TOT Value Per Point”). For the first year of operation (the “first year of operation” being defined as the first full calendar year of operations of the Project plus any partial calendar year of operations (i.e., if the Project opens on a day other than January 1st)), the TOT Value Per Point shall be calculated as follows: (i) the highest of (1) the actual TOT paid by Disneyland Hotel (DLH) for the twelve (12) full calendar months immediately preceding the opening of the Project for operations or (2) the actual TOT paid by DLH for any of the full calendar years preceding the opening of the Project for operations, starting with and inclusive of the full calendar year 2019, such amount to be multiplied by (ii) a fraction equal to (y) the number of timeshare units in the Project divided by (z) the number of DLH rooms (973), such amount to be divided by (iii) 95% of the total Point Value for the Project; such amount will then be increased by 3.2% for the first year of operation to reflect the fact that the romanette (i) above was based on a prior year’s TOT paid by DLH. After the first year of operation, the TOT Value Per Point will be escalated by 3.2% (i.e., as compared to the immediately preceding calendar year). For sake of clarity, this percentage increase shall be applied to the most recent calendar year’s TOT Value Per Point to determine the nex...
In-Lieu Payments. If for any reason the Property, the Project, the improvements or any portions thereof are not subject to real estate taxation Owner shall pay to City annually an amount equal to the real estate taxes of general applicability that would be required to be paid if the Property, the Project, the improvements or any portions thereof were subject to such real estate taxation of general applicability at the then-current tax rates without any exemptions, credits, or other provisions that would reduce the amount of real estate taxes due and paid to the City.
In-Lieu Payments. In lieu of payment of some or all of the above-established Right-of-Way Attachment or Conduit Access Fees and other charges, the City may agree to accept in-kind consideration to be valued as at least roughly comparable to said fees/charges.
In-Lieu Payments. Employees who are eligible to enroll in the City’s medical coverage and who present proof of qualifying alternative health care coverage, and who deny coverage or elect to enroll in medical coverage through another employer such as the employee’s spouse, registered domestic partner, or parent are eligible for medical in- lieu payments. In-lieu payments for medical coverage only shall be $300 per pay period.
