, at the time he/she becomes disabled in the definition out of s. (4), because of the manager for the whoever employ the fresh injury occurred and/or situation try contracted. Overtime pay may not be believed element of a keen employee’s month-to-month salary until the newest employee received it on the a routine and you can reliable foundation.

In the event of an effective Participant’s Later years, Handicap (if deferrals quit in accordance with Area 8.1), death otherwise a termination off A career before the prevent off a strategy Season, like year’s Yearly Deferral Number will likely be the genuine matter withheld ahead of such as for instance experience.

Director Fees form the compensation (plus annual retainer and you will fulfilling fees, or no) repaid by Firm so you’re able to a director inside the a twelve months for services for the Panel;

Yearly Deferral Number ensures that percentage of an excellent Participant’s Foot Annual Income and Yearly Bonus one to a participant elects for, and is deferred, collarspace Гјcretsiz sohbetler according to Article step 3, for all the one to Package Season

Crack Fee means a cost to pay a beneficial Proponent for the majority of of costs the fresh Proponent got incurred for the development and you may submitting a proposal in the event the the fresh RFP Processes is actually terminated, while the dependent on the fresh new Sponsors according to RFP Part 10.step 3.3;

Processing Charge setting most of the regimen, basically appropriate Urban area-broad fees required by the city getting running programs and you may it permits plus, but not limited to, charge getting belongings play with applications, building applications, building it permits, and you may certificates away from occupancy.

Monthly Charge setting, collectively, [Insert To own HFS: the latest Monthly As well as Refreshment Payment,] the brand new Monthly Program Fee and Month-to-month Royalty Percentage, each one of which is established regarding the Addendum. [Enter For HFS: “Month-to-month Food and Drink Payment” form the price tag we need away from you inside the Subsection 8.2, that's set forth about Addendum.]

Monthly Paycheck Rate mode extent provided to because of the Manager you to can be utilized into Software to have Percentage on the Structure Stage so you’re able to be the cause of this new monthly income will set you back from Contractor’s salaried teams allotted to your panels. A month-to-month Salary Speed must be established for each and every salaried individual and really should become approved written down by Manager in advance of one Software to own Percentage regarding people. The fresh Monthly Salary Rates is actually for convenience merely and you may any money made for Contractor’s workers are susceptible to review to search for the actual cost of the income and you will deductible company contributions obtain from the Contractor for attributes performed.

Legs Compensation function the total amount comparable to the sum (i) the greater of Executive’s after that-newest Yearly Foot Paycheck otherwise Executive’s Yearly Feet Income by the newest date 1 day ahead of the Improvement in Manage, and you will (ii) the common Bonus Bonus.

The initial Monthly Paycheck Price is included into the Exhibit “G” attached to this Agreement

Settlement Percentage setting a cost, if during the monetary setting or perhaps in the type of an advantage or provider, by otherwise for an enthusiastic insurance company to help you a good complainant so you can compensate the latest complainant for a proven otherwise projected monetary loss incurred because of the insurer’s contravention, non-compliance, step, failure to do something, otherwise unjust treatment forming the basis of one’s issue, in which the insurance carrier allows accountability for having was the cause of loss worried, however, excludes any –

Month-to-month Legs Paycheck form 1/twelfth of one’s better out of (i) Executive’s annual legs paycheck (excluding incentive pay, premium pay, commissions, overtime, incentives or any other types of changeable settlement) as with affect the new time out-of a general change in Manage Termination or a protected Termination, while the relevant, or (ii) in the example of a modification of Control Termination, Executive’s yearly feet salary (leaving out bonus pay, premium shell out, commissions, overtime, bonuses and other forms of adjustable payment) such as impact on new time out-of a general change in Control.