, at the time he/she will get disabled when you look at the definition from s. (4), by company when you look at the whoever employ the fresh burns taken place or perhaps the condition was developed. Overtime spend may not be felt element of a keen employee’s monthly income except if brand new staff member gotten it with the a frequent and you may reliable base.
In case there is an excellent Participant’s Old age, Handicap (if deferrals cease according to Section 8.1), dying or a termination away from Work before the stop regarding a plan Seasons, such as for example year’s Yearly Deferral Count are the true count withheld in advance of including skills.
Director Charge function the full settlement (as well as yearly retainer and you will appointment charge, if any) paid off because of the Company to a movie director inside a twelve months for services toward Board;
Annual Deferral Number means percentage of an excellent Participant’s Legs Yearly Paycheck and you can Yearly Incentive that a person elects to possess, that is deferred, in line with Blog post step 3, your one Bundle Seasons
Crack Payment setting a price to pay a beneficial Proponent for almost all of your own costs brand new Proponent had sustained during the developing and you can distribution an offer in the event that the latest RFP Procedure was cancelled, as determined by this new Sponsors in line with RFP Part ten.step three.3;
Operating Charges mode most of the routine, fundamentally appropriate Town-large fees necessary for the town for running applications and it permits as well as, although not limited by, fees to own land have fun with apps, strengthening software, building it permits, and certificates away from occupancy.
Monthly Fees form, collectively, [Enter For HFS: the Month-to-month Food and Drink Payment,] this new Month-to-month Program Percentage and the Monthly Royalty Percentage, each of which is set forth on Addendum. [Input To possess HFS: “Month-to-month As well as Refreshment Percentage” setting the fee we want away from you during the Subsection 8.dos, that’s set forth regarding Addendum.]
Month-to-month Income Rates mode the total amount provided to from the Holder you to may be used to the Applications having Payment from the Build Stage so you can make up the monthly salary can cost you of Contractor’s salaried group assigned to your panels. A monthly Income Rate need to be mainly based per salaried individual and may feel recognized written down by Proprietor prior to people Software to have Percentage for the people. The Monthly Paycheck Price is for convenience merely and you will any repayments made for Contractor’s personnel are susceptible to review to choose the actual price of the income and you can allowable boss efforts obtain because of the Contractor for services performed.
Ft Settlement mode extent comparable to the sum of the (i) the greater number of from Executive’s after that-newest Yearly Base Paycheck or Executive’s Yearly Ft Salary since the newest go out one-day before the Improvement in Handle, and you may (ii) the typical Incentive Incentive.
The initial Month-to-month Salary Rate is included during the Showcase “G” linked to it Agreement
Compensation Commission means a repayment, if or not inside monetary form or perhaps in the form of an advantage or solution, because of the or on the part of an insurance company so you can a complainant to compensate the complainant to possess a proven or estimated economic losses sustained as a result of the insurer’s contravention, non-compliance, action, failure to behave, or unjust cures creating the foundation of grievance, where in fact the insurance company welcomes responsibility in order to have was the cause of losses worried, but excludes people –
Monthly Legs Income form step 1/twelfth of one’s better away from (i) Executive’s annual base income (excluding bonus pay, superior spend, commissions, overtime, bonuses and other different varying payment) as with influence on this new go out from a change in Handle Cancellation otherwise a protected Cancellation, once the appropriate, or (ii) in the case of a modification of Manage Termination, Executive’s yearly legs income (excluding bonus shell out, advanced pay, income, overtime, incentives or other kinds of varying compensation) such as effect on the fresh new date off a modification of Manage.