Month-to-month income mode the new disgusting number paid back so you can a participant and also make a state below s

, at the time he/she will get handicapped inside the meaning from s. (4), because of the workplace inside the whoever employ the fresh injury occurred and/or situation was developed. Overtime spend may possibly not be thought section of a keen employee’s month-to-month salary until the new personnel gotten they for the a normal and you can dependable foundation.

In the event of a great Participant’s Retirement, Impairment (when the deferrals quit according to Part 8.1), death or a termination away from A job prior to the avoid of a plan 12 months, such as for instance year’s Yearly Deferral Matter are the actual matter withheld before such enjoy.

Manager Charges setting the complete payment (as well as annual retainer and you may meeting fees, or no) paid down because of the Enterprise to a movie director inside a season to own service for the Panel;

Annual Deferral Count means portion of a good Participant’s Base Annual Income and Annual Incentive that a participant elects to have, in fact it is deferred, relative https://swoonbrides.net/fi/filter/venajan-kieli/ to Post step three, when it comes to you to Bundle Year

Break Fee function an amount to compensate a beneficial Proponent for some of your own will set you back the new Proponent had sustained for the development and submission an offer if the new RFP Techniques is actually terminated, as determined by the latest Sponsors prior to RFP Section 10.step three.3;

Running Costs mode all of the techniques, essentially relevant Urban area-wide fees necessary for the town for processing apps and you may permits together with, although not restricted to, costs to possess property use software, strengthening software, strengthening it permits, and you will licenses regarding occupancy.

Monthly Fees form, along, [Insert To own HFS: this new Month-to-month Food and Beverage Payment,] the latest Monthly System Commission plus the Month-to-month Royalty Payment, every one of which is established regarding the Addendum. [Insert Having HFS: “Monthly Food and Drink Commission” setting the price tag we need away from you within the Subsection 8.2, that’s set forth regarding Addendum.]

Monthly Paycheck Speed form the quantity offered to because of the Holder one to may be used toward Programs to own Commission in the Construction Phase so you can account fully for new month-to-month salary will cost you from Contractor’s salaried teams assigned to your panels. A monthly Income Rates have to be mainly based for each salaried people and should become recognized in writing because of the Proprietor prior to one Software to own Percentage for the people. This new Month-to-month Salary Speed is actually for convenience merely and you may people payments created for Contractor’s workers are subject to audit to choose the actual cost of the wages and allowable manager benefits sustained of the Builder getting services performed.

Base Settlement form the total amount equivalent to the sum of (i) the greater number of from Executive’s following-most recent Yearly Base Income or Executive’s Annual Base Salary since brand new date one day prior to the Improvement in Control, and you may (ii) the common Bonus Added bonus.

The original Month-to-month Salary Speed is roofed from inside the Showcase “G” connected with it Agreement

Settlement Payment function a repayment, whether from inside the financial function or even in the type of an advantage or services, because of the otherwise with respect to an enthusiastic insurance company to a good complainant so you’re able to make up the brand new complainant for a verified otherwise estimated financial losings sustained as a result of the insurer’s contravention, non-conformity, step, failure to act, or unjust treatment forming the cornerstone of the ailment, the spot where the insurance provider accepts liability for having was the cause of loss worried, however, excludes one –

Monthly Ft Paycheck mode 1/twelfth of better out of (i) Executive’s annual foot paycheck (leaving out extra pay, superior pay, profits, overtime, incentives or any other different varying payment) such as impact on new date from a change in Control Cancellation or a safeguarded Termination, because the appropriate, otherwise (ii) in the case of a general change in Control Cancellation, Executive’s yearly foot salary (leaving out incentive spend, premium shell out, profits, overtime, bonuses or other different adjustable compensation) like in affect the latest date out-of a change in Control.