, at that time he/she gets handicapped for the meaning away from s. (4), because of the workplace for the whoever utilize this new injury happened or the problem are contracted. Overtime pay might not be felt section of an enthusiastic employee’s monthly salary unless of course the fresh employee acquired it into a frequent and you can trustworthy base.

If there is an effective Participant’s Senior years, Impairment (if the deferrals quit in line with Part 8.1), dying or a cancellation away from A job prior to the avoid of a plan Seasons, for example year’s Annual Deferral Amount are going to be the actual amount withheld in advance of such as experience.

Director Costs mode the complete payment (and additionally annual retainer and you will fulfilling costs, or no) repaid by Business so you can a director inside the a calendar year having services into Board;

Yearly Deferral Matter means that percentage of an excellent Participant’s Feet Annual Paycheck and you will Yearly Bonus one to an associate elects for, which can be deferred, relative to Blog post step three, your you to Bundle Year

Break Percentage setting a cost to pay an excellent Proponent for many of your own will cost you this new Proponent had incurred from inside the developing and you may submitting a proposition in the event the the RFP Processes is cancelled, while the dependent on this new Sponsors in line with RFP Point 10.step 3.3;

Running Charges setting the program, basically relevant Town-broad costs necessary for the town to own control applications https://kissbrides.com/sri-lanka-women/kandy/ and you can permits together with, however limited to, costs to have home have fun with programs, strengthening applications, building permits, and you will certificates off occupancy.

Month-to-month Charges form, together, [Type Having HFS: the newest Monthly Food and Drink Fee,] brand new Month-to-month System Percentage while the Month-to-month Royalty Commission, every one of that is set forth on Addendum. [Type For HFS: “Monthly Food and Refreshment Payment” means the cost we truly need away from you for the Subsection 8.dos, which is set forth throughout the Addendum.]

Monthly Paycheck Speed function the quantity offered to of the Manager one to can be used towards Apps having Percentage in the Construction Phase in order to account for the latest month-to-month income can cost you out-of Contractor’s salaried personnel allotted to your panels. A monthly Salary Rates have to be centered per salaried people and may feel recognized in writing by Holder prior to any Software to have Fee for this person. This new Month-to-month Salary Rate is actually for benefits merely and you will any costs made for Contractor’s personnel are at the mercy of audit to determine the real cost of the wages and you can allowable manager benefits obtain by the Builder getting services performed.

Feet Compensation function the total amount comparable to the sum of the (i) the more regarding Executive’s next-latest Yearly Base Paycheck otherwise Executive’s Annual Legs Salary by brand new go out someday before the Improvement in Manage, and you can (ii) an average Bonus Extra.

The original Monthly Income Speed is roofed from inside the Showcase “G” connected to so it Agreement

Settlement Fee mode a fees, whether or not from inside the monetary form or perhaps in the form of good results or provider, of the otherwise on the behalf of an insurer in order to a good complainant in order to make up the fresh complainant to possess a verified otherwise projected financial loss incurred due to the insurer’s contravention, non-compliance, action, failure to do something, otherwise unfair cures forming the cornerstone of one’s problem, the spot where the insurance carrier accepts liability in order to have caused the loss worried, but excludes any –

Monthly Ft Salary mode step 1/12th of one’s higher of (i) Executive’s yearly foot paycheck (excluding added bonus shell out, premium spend, income, overtime, bonuses or other different adjustable settlement) as in effect on this new day of a modification of Control Cancellation or a safeguarded Termination, due to the fact applicable, or (ii) regarding a general change in Handle Termination, Executive’s yearly feet salary (leaving out incentive spend, superior pay, profits, overtime, bonuses or any other types of adjustable payment) as with influence on the newest time away from a general change in Handle.