, at that time they gets handicapped from inside the meaning of s. (4), of the workplace during the whoever implement the brand new burns off taken place or perhaps the condition try contracted. Overtime pay may possibly not be felt element of an employee’s monthly salary except if the fresh employee acquired it towards a consistent and you will http://swoonbrides.net/no/hotteste-russiske-kvinner/ trustworthy foundation.
If there is an excellent Participant’s Old age, Impairment (in the event the deferrals cease according to Point 8.1), passing or a cancellation away from A job ahead of the end out-of an agenda Year, such year’s Annual Deferral Amount might be the real count withheld ahead of such event.
Director Fees function the full settlement (including yearly retainer and appointment costs, or no) paid off by the Firm to help you a movie director in a twelve months to have services to your Board;
Annual Deferral Count implies that portion of a Participant’s Feet Yearly Paycheck and Yearly Bonus that an associate elects getting, and that’s deferred, prior to Article step three, for your that Plan Season
Break Commission mode an amount to compensate a Proponent for almost all of costs new Proponent got sustained in development and you may submitting a proposal if the fresh RFP Techniques try terminated, just like the dependent on the Sponsors according to RFP Section ten.3.3;
Control Fees setting all techniques, essentially relevant City-wider charge required by the city to have running applications and you will it permits along with, yet not limited by, charge to possess house fool around with apps, strengthening programs, building it permits, and you can permits away from occupancy.
Monthly Charge mode, with each other, [Enter To have HFS: new Monthly Food and Drink Percentage,] the Monthly System Percentage additionally the Monthly Royalty Payment, every one of that is established about Addendum. [Enter To have HFS: “Month-to-month As well as Drink Payment” mode the cost we need from you within the Subsection 8.2, which is set forth on the Addendum.]
Month-to-month Paycheck Price setting the amount agreed to because of the Holder one can be used into Applications having Percentage on the Build Phase so you’re able to take into account brand new monthly paycheck can cost you of Contractor’s salaried professionals assigned to your panels. A monthly Paycheck Price have to be established for each and every salaried individual and ought to getting recognized written down because of the Holder ahead of any Software to own Payment for the person. The latest Monthly Salary Speed is actually for convenience just and you can people costs designed for Contractor’s personnel are at the mercy of audit to select the actual price of the income and you will allowable employer contributions obtain by Builder to own qualities did.
Foot Compensation form the total amount equivalent to the sum of (i) the greater amount of from Executive’s upcoming-newest Yearly Foot Salary otherwise Executive’s Yearly Foot Paycheck as of the fresh new day one-day ahead of the Improvement in Manage, and you may (ii) the common Bonus Incentive.
The initial Month-to-month Salary Rate is roofed from inside the Showcase “G” linked to it Arrangement
Payment Payment means a fees, if or not inside the monetary setting or perhaps in the type of a benefit otherwise services, because of the or on the part of an enthusiastic insurer so you can good complainant so you can make up brand new complainant getting a proven otherwise projected monetary losses obtain due to the insurer’s contravention, non-compliance, action, failure to do something, otherwise unfair therapy forming the cornerstone of one’s grievance, where in fact the insurance carrier allows accountability for having was the cause of losses concerned, but excludes any –
Month-to-month Base Salary form 1/12th of deeper out of (i) Executive’s annual base paycheck (excluding added bonus pay, advanced shell out, income, overtime, bonuses or other different changeable compensation) as in affect the fresh new go out off a general change in Handle Termination otherwise a covered Termination, as applicable, or (ii) in the example of a modification of Control Cancellation, Executive’s annual foot paycheck (excluding extra pay, advanced shell out, earnings, overtime, bonuses and other different changeable payment) as with impact on the newest time away from a general change in Control.