Compensation Procedure Clause Samples
The Compensation Procedure clause outlines the process by which payments or reimbursements are calculated and disbursed between parties under a contract. It typically details the timing, method, and documentation required for submitting compensation claims, such as invoices or expense reports, and may specify approval steps or dispute resolution mechanisms. This clause ensures that both parties have a clear, agreed-upon framework for handling financial transactions, reducing the risk of misunderstandings or payment delays.
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Compensation Procedure. Any Lender notifying the Borrower of the incurrence of Additional Costs under this Section 5.01 shall in such notice to the Borrower and the Administrative Agent set forth in reasonable detail the basis and amount of its request for compensation. Determinations and allocations by each Lender for purposes of this Section 5.01 of the effect of any Regulatory Change pursuant to Section 5.01(a) or (b), or of the effect of capital maintained pursuant to Section 5.01(c), on its costs or rate of return of maintaining Loans or its obligation to make Loans or issue Letters of Credit, or on amounts receivable by it in respect of Loans or Letters of Credit, and of the amounts required to compensate such Lender under this Section 5.01, shall be conclusive and binding for all purposes, provided that such determinations and allocations are made on a reasonable basis. Any request for additional compensation under this Section 5.01 shall be paid by the Borrower within thirty (30) days of the receipt by the Borrower of the notice described in this Section 5.01(d).
Compensation Procedure. Any Lender notifying the Borrower of the incurrence of additional costs under this Section 5.01 shall in such notice to the Borrower and the Agent set forth in reasonable detail the basis and amount of its request for compensation. Determinations and allocations by each Lender for purposes of this Section 5.01 of the effect of any Regulatory Change pursuant to Section 5.01(a), or of the effect of capital maintained pursuant to Section 5.01(b), on its costs or rate of return of maintaining Loans or its obligation to make Loans or issue Letters of Credit, or on amounts receivable by it in respect of Loans or Letters of Credit, and of the amounts required to compensate such Lender under this Section 5.01, shall be conclusive and binding for all purposes, provided that such determinations and allocations are made on a reasonable basis. Any request for additional compensation under this Section 5.01 shall be paid by the Borrower within 30 days of the receipt by the Borrower of the notice described in this Section 5.01(c).
Compensation Procedure. 24.5.1 All of the conditions of Article 28: (Compensation) of this Agreement will continue to apply to a Member on a reduced work program.
24.5.2 The Member may opt to receive salary payments only during the actual time worked or have them spread over the entire work reduction period, and will advise the Human Resources Department of their intention, in writing.
Compensation Procedure. Any Lender notifying the Borrower of the incurrence of Additional Costs under this SECTION 5.01 shall in such notice to the Borrower and the Administrative Agent set forth in reasonable detail the basis and amount of its request for compensation. Determinations and allocations by each Lender for purposes of this SECTION 5.01 of the effect of any Regulatory Change pursuant to SECTION 5.01(a) or (b), or of the effect of capital maintained pursuant to SECTION 5.01(c), on its costs or rate of return of maintaining Loans or its obligation to make Loans or issue Letters of Credit, or on amounts receivable by it in respect of Loans or Letters of Credit, and of the amounts required to compensate such Lender under this SECTION 5.01, shall be conclusive and binding for all purposes, provided that such determinations and allocations are made on a reasonable basis. Any request for additional compensation under this SECTION 5.01 shall be paid by the Borrower within thirty (30) days of the receipt by the Borrower of the notice described in this SECTION 5.01(d).
Compensation Procedure. In order to receive compensation while absent on sick leave, the EMPLOYEE shall notify his/her immediate supervisor or the Department Head one hour prior to the time set for beginning their daily duties.
Compensation Procedure. Any Lender notifying the Borrower of the incurrence of Additional Costs under this Section 5.01 shall in such notice to the Borrower and the Administrative Agent set forth in reasonable detail the basis and amount of its request for compensation. Determinations and allocations by each Lender for purposes of this Section 5.01 of the effect of any Regulatory Change pursuant to Section 5.01(a) or (b), or of the effect of capital maintained pursuant to Section 5.01(c), on its costs or rate of return of maintaining Loans or its obligation to make Loans or issue Letters of Credit or the Direct Pay Letter of Credit, or on amounts receivable by it in respect of Loans or Letters of Credit or the Direct Pay Letter of Credit, and of the amounts required to compensate such Lender under this Section 5.01, shall be conclusive and binding for all purposes, provided that such determinations and allocations are made on a reasonable basis. Any request for additional compensation under this Section 5.01 shall be paid by the Borrower within 30 days of the receipt by the Borrower of the notice described in this Section 5.01(d).
Compensation Procedure. Any Lender notifying the Borrower of the incurrence of additional costs under this Section 5.01 shall deliver such notice to the Borrower as soon as practicable and in any event within ninety (90) days after the change or other event giving rise to the incurrence of such additional costs and shall in such notice to the Borrower and the Agent set forth in reasonable detail the basis and amount of its request for compensation. Determinations and allocations by each Lender for purposes of this Section 5.01 of the effect of any Regulatory Change pursuant to Section 5.01(a) or (b), or of the effect of capital maintained pursuant to Section 5.01(c), on its costs or rate of return of maintaining Loans or its obligation to make Loans or issue Letters of Credit, or on amounts receivable by it in respect of Loans or Letters of Credit, and of the amounts required to compensate such Lender under this Section 5.01, shall be conclusive and binding for all purposes, provided that such determinations and allocations are made on a reasonable basis. Any request for additional compensation under this Section 5.01 shall be paid by the Borrower within thirty (30) days of the receipt by the Borrower of the notice described in this Section 5.01(d).
Compensation Procedure. If the apartment cannot be used, or if its condition is not what was agreed, or what can reasonably be required, and if the tenant has fulfilled his or her reporting obligation under paragraph 7, the tenant is entitled to request an exemption from his or her liability to pay rent, or to request a rent reduction for the period during which the apartment cannot be used, or during which it is not in the condition agreed, or in a condition that can reasonably be requested. However, a precondition for the tenant’s rights in such situations is that the apartment’s deficient or inadequate condition does not result from negligence or other carelessness on the part of the tenant, or that the reason for repairs or changes is not damage for which the tenant is liable. A written report shall be made immediately, after which the contracting parties shall agree on a possible reduction of or exemption from the rent. Any due and unpaid rent instalments shall be taken into account in case of reduction of or exemption from rent. The landlord or the housing company shall be entitled, in the course of the rental period, to undertake customary maintenance works in the premises or in rented apartments without any right of reduction of or exemption from the rent for the duration of such works. Suppliers of heat, water, electricity, tele- and internet services shall be liable for the functioning of these services in accordance with the delivery terms of the supplier concerned. That rule shall apply irrespective whether the fees for such services are included in the rent, or whether separate fees are levied for the services. The landlord shall not be liable in relation to the tenant, if such services are deficient or inadequate.
Compensation Procedure. The compensation of all support employees covered by this contract is set forth in Section VIII, attached hereto and made a part hereof.
A. All payroll will be done through direct deposit.37
B. Paychecks will be dispersed on the last working day of each month from the administration building.38
C. Support employees who are not exempt under FLSA and who are called in to work during their off duty hours shall be paid a minimum of one hour work time. Any support employee extending their contracted hours by working as a substitute for another support employee in a same or like job description shall receive their own regular rate of pay.
Compensation Procedure. Upon notifying the Company of the incurrence of additional costs under this Section 5.01, the affected Holder shall in such notice to the Company set forth in reasonable detail the basis and amount of its request for compensation. Determinations and allocations by such Holder for purposes of this Section 5.01 of the amounts required to compensate such Holder under this Section 5.01, shall be conclusive and binding for all purposes, provided that such determinations and allocations are made on a reasonable basis. Any request for additional compensation under this Section 5.01 shall be paid by the Company within thirty (30) days of the receipt by the Company of the notice described in this Section 5.01(b).