Compensation, Allowance, and Fees Sample Clauses

The 'Compensation, Allowance, and Fees' clause defines the financial terms under which one party will be paid for their services or work. It typically outlines the specific amounts, payment schedules, and any additional allowances or reimbursable expenses that may be covered, such as travel costs or materials. This clause ensures both parties have a clear understanding of the payment structure, reducing the risk of disputes over compensation and clarifying financial obligations.
Compensation, Allowance, and Fees. A. Compensation Pursuant to the Fair Labor Standards Act (FLSA)‌ 1. FLSA Section 7(b)(2) It is desired by the parties that certain rural letter ▇▇▇▇▇- ers shall be employed on an annual basis at a
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Compensation, Allowance, and Fees. A. Compensation Pursuant to the Fair Labor Standards Act (FLSA)
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Compensation, Allowance, and Fees. A. Compensation Pursuant to the Fair Labor Standards Act (FLSA) 1. FLSA Section 7(b)(2) It is desired by the parties that certain rural letter ▇▇▇▇▇- ers shall be employed on an annual basis at a ▇▇▇▇▇▇- ▇▇▇▇ annual wage and that such rural carriers shall not be required to actually work more than 2,240 hours during the guarantee period of fifty-two (52) consec- utive weeks as specified below, pursuant to Section 7(b)(2) of the Fair Labor Standards Act, as amended. Therefore, the parties agree as follows: a. Regular rural carriers receiving evaluated com- pensation assigned to routes having the number of evaluated hours of required service per week shall be guaranteed an annual wage equal to the corresponding amount for their attained step, for 2,080 hours of actual work during the guarantee period of fifty-two (52) consecutive weeks as set forth in paragraph h. below. b. Consistent with past pay practices, evaluated carriers assigned to routes having evaluated hours in excess of forty (40) per week shall receive compensation for such hours in addition to their guaranteed annual wage. However, the Employer may, at any time, reduce or increase such carrier’s total compensation by adjusting the number of evaluated hours of their routes down- ▇▇▇▇ or upward, but not to a salary level below the guarantee set forth at the beginning of the guarantee period. Therefore, compensation paid to evaluated rural carriers in excess of the amount of compensation annually guaranteed for 2,080 hours of actual work shall not be considered guar- anteed annual wages. c. The Employer may, at any time, increase the total compensation paid evaluated carriers assigned to routes having evaluated hours of forty (40) per week or less by adjusting the number of evaluated hours of their routes upward. However, compen- sation paid to such evaluated carriers in excess of the amount of compensation annually guaranteed for 2,080 hours of actual work shall not be con- sidered guaranteed annual wages. d. Regular rural carriers receiving non-evaluated compensation assigned to routes having a number of paid miles shall be guaranteed an annual wage not less than the corresponding amount for their attained step for 2,080 hours of actual work during the fifty-two (52) con- secutive week period as set forth in paragraph h. below. e. Consistent with past pay practices, non-evaluated carriers assigned to routes having forty-three (43) or more paid miles shall receive compensation for such paid miles...
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Compensation, Allowance, and Fees. A. Compensation Pursuant to the Fair Labor Standards Act (FLSA) 1. FLSA Section 7(b)(2) It is desired by the parties that certain rural letter carriers shall be employed on an annual basis at a guaranteed annual wage and that such rural carriers shall not be required to actually work more than 2,240 hours during the guarantee period of fifty-two (52) consecutive weeks as specified below, pursuant to Section 7(b)(2) of the Fair Labor Standards Act, as amended. Therefore, the parties agree as follows: a. Regular rural carriers receiving evaluated compensation assigned to routes having the number of evaluated hours of required service per week shall be guaranteed an annual wage equal to the corresponding amount for their attained step, for 2,080 hours of actual work during the guarantee period of fifty-two (52) consecutive weeks as set forth in paragraph h. below. b. Consistent with past pay practices, evaluated carriers as- signed to routes having evaluated hours in excess of forty
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Compensation, Allowance, and Fees. A. Compensation Pursuant to the Fair Labor Standards Act (FLSA) 1. FLSA Section 7(b)(2) It is desired by the parties that certain rural letter ▇▇▇▇▇- ers shall be employed on an annual basis at a ▇▇▇▇▇▇- ▇▇▇▇ annual wage and that such rural carriers shall not be required to actually work more than 2,240 hours during the guarantee period of fifty-two (52) consecu- tive weeks as specified below, pursuant to Section 7(b)(2) of the Fair Labor Standards Act, as amended. Therefore, the parties agree as follows: a. Regular rural carriers receiving evaluated com- pensation assigned to routes having the number of evaluated hours of required service per week shall be guaranteed an annual wage equal to the corresponding amount for their attained step, for 2,080 hours of actual work during the guarantee period of fifty-two (52) consecutive weeks as set forth in paragraph h. below. b. Consistent with past pay practices, evaluated car- riers assigned to routes having evaluated hours in excess of forty (40) per week shall receive com- pensation for such hours in addition to their guar- anteed annual wage. However, the Employer may, at any time, reduce or increase such car- rier’s total compensation by adjusting the number of evaluated hours of their routes downward or upward, but not to a salary level below the guar- ▇▇▇▇▇ set forth at the beginning of the guarantee period. Therefore, compensation paid to evalu- ated rural carriers in excess of the amount of compensation annually guaranteed for 2,080 hours of actual work shall not be considered guaranteed annual wages c. The Employer may, at any time, increase the total compensation paid evaluated carriers assigned to routes having evaluated hours of forty (40) per week or less by adjusting the number of evaluated hours of their routes upward. However, compen- sation paid to such evaluated carriers in excess of the amount of compensation annually guaranteed for 2,080 hours of actual work shall not be consid- ered guaranteed annual wages. d. Regular rural carriers receiving non-evaluated compensation assigned to routes having a num- ber of paid miles shall be guaranteed an annual wage not less than the corresponding amount for their attained step for 2,080 hours of actual work during the fifty-two (52) consecutive week period as set forth in paragraph h. below. e. Consistent with past pay practices, non-evalu- ated carriers assigned to routes having forty-three
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Compensation, Allowance, and Fees. A. Compensation Pursuant to the Fair Labor Standards Act (FLSA) 1. FLSA Section 7(b)(2). It is desired by the parties that certain rural letter carriers shall be employed on an annual basis at a guaranteed annual wage and that such rural carriers shall not be required to actually work more than 2,240 hours during the guarantee period of fifty-two (52) consecutive weeks as specified below, pursuant to
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Related to Compensation, Allowance, and Fees

  • Compensation; Reimbursement At the closing of each Offering (each, a “Closing”), the Company shall compensate ▇▇▇▇▇▇▇▇▇▇ as follows:

  • Education Allowance Provisions in existing Collective Agreements providing for educational allowances shall be continued in effect.

  • - Separation Allowances (a) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 9.08(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of twelve (12) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (b) Where an employee resigns later than 30 days after receiving notice pursuant to Article 9.08(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of four (4) weeks' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars."

  • Compensation and Expense Reimbursement A. Client will pay the Company, as compensation for the services provided for in this Agreement and as reimbursement for expenses incurred by Company on Client's behalf, in the manner set forth in Schedule A annexed to this Agreement which Schedule is incorporated herein by reference. B. In addition to the compensation and expense reimbursement referred to in Section 2(A) above, Company shall be entitled to receive from Client a "Transaction Fee", as a result of any Transaction (as described below) between Client and any other company, entity, person, group or persons or other party which is introduced to, or put in contact with, Client by Company, or by which Client has been introduced to, or has been put in contact with, by Company. A "Transaction" shall mean merger, sale of stock, sale of assets, consolidation or other similar transaction or series or combination of transactions whereby Client or such other party transfer to the other, or both transfer to a third entity or person, stock, assets, or any interest in its business in exchange for stock, assets, securities, cash or other valuable property or rights, or wherein they make a contribution of capital or services to a joint venture, commonly owned enterprise or business opportunity with the other for purposes of future business operations and opportunities. To be a Transaction covered by this section, the transaction must occur during the term of this Agreement or the one year period following the expiration of this Agreement. The calculation of a Transaction Fee shall be based upon the total value of the consideration, securities, property, business, assets or other value given, paid, transferred or contributed by, or to, the Client and shall equal 5% of the dollar value of the Transaction. Such fee shall be paid by certified funds at the closing of the Transaction.

  • Vacation Allowance Employees in permanent positions are entitled to vacation with pay. Accrual is based upon straight time hours of working time per calendar month of service and begins on the date of appointment to a permanent position. Increased accruals begin on the first of the month following the month in which the employee qualifies. Accrual for portions of a month shall be in minimum amounts of one (1) hour calculated on the same basis as for partial month compensation pursuant to Section 5.8 (Salary Reallocation and Salary Reallocation) of this MOU. Vacation credits may be taken in one (1) minute increments but may not be taken during the first six (6) months of employment (not necessarily synonymous with probationary status) except where sick leave has been exhausted; and none shall be allowed in excess of actual accrual at the time vacation is taken.