Penalty definition

Penalty means the amount payable by the Transport Supplier in the event of breach of contract as stated in clause 1.14 of Annexure-A which shall be at a rate of the pro-rata fixed charge per day. Penalty shall be levied irrespective of whether such breach resulted in a shut down or otherwise.

Penalty means a fee assessed for canceling a reservation. For airline tickets, the cancellation penalty is usually collected by refunding only a portion of the ticket price. For hotel reservations, the cancellation penalty is charged to the credit card or deposit used to secure the reservation.

Penalty means a judgment, penalty or fine awarded or imposed in, or an amount paid in settlement of, an eligible proceeding; and

Examples of Penalty in a sentence

• The Company and the Fraud Section and the Office agree that the Total Criminal Monetary Amount to be paid by the Company pursuant to this Agreement is $920,203,609, which is comprised of the following components set forth below: (i) a Criminal Monetary Penalty of $436,431,811; (ii) a Criminal Disgorgement Amount of $172,034,790; and (iii) a Victim Compensation Payment Amount of $311,737,008.

• This indemnification and hold harmless obligation includes, but is not limited to, any failure or alleged failure by Developer to comply with any law and/or provision of the Contract Documents in strict accordance with their terms, and without limitation, any failure or alleged failure of Developers obligations regarding any stop payment notice actions or liens, including Civil Wage and Penalty Assessments and/or Orders by the DIR.

• Teacher Types Administrative Fees PreK-12 FICA* Exempt Exchange Teachers 20% PreK-12 FICA* Non-Exempt Exchange Teachers 16% Delayed Payment Penalty Rate Paid any time 60 days after issuance +12% Invoices outstanding for over 60 days are subject to an added fee of 12% annually calculated daily.

• Setting Penalty Thresholds To the extent possible, Xxxxxx Permanente sets their penalty thresholds (i.e., the performance level they guarantee and below which they pay a penalty) in alignment with industry standards.

• Penalty payments are determined after the end of the year and are based on total non-Medicare plan premium for the calendar year.

More Definitions of Penalty

Penalty means any civil or criminal penalty (including any interest thereon), fine, levy, lien, assessment, charge, monetary sanction or payment, or any payment in the nature thereof, of any kind, required to be made to any Government under any Law.

Penalty means and includes all penalties and sanctions, including but not limited to a monetary or non-monetary penalty; a limitation on an activity, function, operation or other appropriate sanction; or the addition of the Registered Entity or Respondent to a reliability watch list composed of major violators. Penalties must be within the range set forth in the NERC Sanction Guidelines approved by FERC pursuant to 18 C.F.R. Section 39.7(g)(2), and shall bear a reasonable relation to the seriousness of a Registered Entity’s or Respondent’s violation and take into consideration any timely efforts made by the Registered Entity or Respondent to remedy the violation.

Penalty means an amount imposed for noncompliance that is not fraudulent, willful, or intentional which is in addition to the correct amount of sales or use tax and interest.

Penalty has the meaning specified in Section 3.5.

Penalty means an amount imposed for noncompliance that is not fraudulent, willful, or intentional and that is in addition to the correct amount of tax imposed under this act and in addition to interest.

Penalty means any monetary amount assessed against an employer and payable to an employee.

Penalty means a statutorily authorized civil fine levied or imposed for a violation of this Act, any mineral leasing law, or a term or provision of a lease administered by the Secretary;