Amount of Deductions Clause Samples

The "Amount of Deductions" clause defines the specific sums or percentages that may be subtracted from payments due under a contract. It typically outlines the circumstances under which deductions can be made, such as for late delivery, defective work, or other breaches of contract, and may specify calculation methods or maximum allowable amounts. This clause ensures transparency and predictability in financial transactions by clearly stating how and when deductions will be applied, thereby helping to prevent disputes over payment adjustments.
Amount of Deductions. The Union shall inform the Employer in writing of the amount to be deducted from each employee. The Union shall advise the Employer in writing sixty (60) calendar days in advance of any change in the amount to be deducted.
View SourceView Similar (5)
Amount of Deductions. The City shall withhold dues and other lawfully permitted deductions in such amounts as are officially prescribed by the Union or are otherwise established by the terms of this Memorandum of Understanding.
View Source
Amount of Deductions. The Union shall withhold dues and other lawfully permitted deductions in such amounts as are officially prescribed by the Union or are otherwise established by the terms of this MOU.
View Source
Amount of Deductions. Participants may contribute to the Plan only through Payroll Deductions in such amount or amounts as elected by the Participants in accordance with the provisions of Section 4.2 hereof. The amount of Payroll Deductions shall be stated as a percentage of the Participant’s Salary, and may be in any whole or fractional (up to two decimal places) percentage of Salary, with a minimum deduction of Two Dollars ($2.00) and a maximum deduction of ten percent (10%) of Salary per pay period. In no event shall a Participant’s aggregate Payroll Deductions during any Plan Year exceed ten percent (10%) of his total Salary for such Plan Year.
View Source

Related to Amount of Deductions

  • Amount of Rs (. ) (not exceeding 95% of the total consideration) to be paid to the Promoter on completion of the lifts, water pumps, electrical fittings, electro, mechanical and environment requirements, entrance lobby/s, plinth protection, paving of areas appertain and all other requirements as may be prescribed in the Agreement of sale of the building or wing in which the said Apartment is located.

  • Amount of Fee The Website Hosting and TSR Delivery Fee shall be based on the number of Funds invested in by Contract Owners.

  • Amount of Purchase Price The purchase price (“Purchase Price”) per Share for each Share which Optionee is entitled to purchase under the Options shall be $2.25 per Share.

  • Amount of facility Subject to the other provisions of this Agreement, the Lenders shall make available to the Borrowers, a senior secured post-delivery term loan facility, in two Advances, in an aggregate amount of up to $164,000,000.

  • Amount Owing If an indemnifying Interconnection Party is obligated to indemnify and hold any Indemnified Person harmless under this Section 14, the amount owing to the Indemnified Person shall be the amount of such Indemnified Person’s actual Loss, net of any insurance or other recovery.