Deduction of Monies Sample Clauses

Deduction of Monies. The Company is hereby authorised by the Employee to deduct (to the fullest extent permitted by law) from any final payment on termination of the Employment, any monies owed by the Employee to the Company or any Related Entity of the Company including to recover any previous over-payment of remuneration to the Employee.
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Deduction of Monies. 21.5.1 Wages will be paid subject to the On-Hire Employee’s authorised deductions as agreed with the Company. The On-Hire Employee authorises the Company to deduct from their Wages (including leave and termination payments): a. All taxes, payable by law; b. All identified and justified overpayments in accordance with any process under this Agreement.
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Deduction of Monies a) Wages will be paid subject to the FTMs authorised deductions as agreed with the Company. The FTM authorises the Company to deduct from their Wages (including leave and termination payments): i. all taxes, payable by law; ii. all identified and justified overpayments; iii. any amount attributable to unauthorised absences, approved unpaid leave or monies owing to the Company; iv. any other deductions authorised by the FTM and agreed by the Company or as required or permitted by law. b) In the first instance the Company and the FTM will enter into communication to reach a mutual agreement on how and when identified overpayments should be paid back. c) However, in the case that mutual agreement is not reached, FTMs authorise the Company to deduct from any wages or entitlements payable or owing to the FTM, any overpayments made in error by the Company to the FTM upon the Company abiding by the following procedure: i. The Company will provide written notification to the FTMs last known home address and email address detailing the overpayment including how, when and by how much the overpayment was made; ii. The Company will call the FTM to provide verbal explanation of the overpayment; iii. The Company will allow the FTM to keep 1% of any identified overpaid amount; iv. The FTM will be provided 14 days to provide a response to the written notification of the identified overpayment. d) Upon the company abiding by the above procedures the over payments will be deducted via reasonable amounts over a maximum period of 12 weeks unless agreed otherwise. For the avoidance of doubt on the Company abiding by the above procedure does not require agreement from the FTM before commencing deduction. e) The dispute resolution provisions of this Agreement apply to any disputes under this clause. f) If an FTM commences a dispute pursuant to this Agreement regarding the implementation of this clause the Employer will cease until that dispute is resolved through the dispute resolution procedure.
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Related to Deduction of Monies

  • Collection of Monies Except as otherwise expressly provided in this Agreement, the Trustee may demand payment or delivery of, and shall receive and collect, all money and other property payable to or receivable by the Trustee pursuant to this Agreement. The Trustee shall hold all such money and property received by it as part of the Trust Fund and shall distribute it as provided in this Agreement. If the Trustee shall not have timely received amounts to be remitted with respect to the Mortgage Loans from the Master Servicer, the Trustee shall request the Master Servicer to make such distribution as promptly as practicable or legally permitted. If the Trustee shall subsequently receive any such amount, it may withdraw such request.

  • Application of Monies In the event that, during the continuance of any Default, the Administrative Agent or any Bank, as the case may be, receives any monies in connection with the enforcement of rights under the Loan Documents, such monies shall be distributed for application as follows: (a) First, to the payment of, or (as the case may be) the reimbursement of the Administrative Agent and the Banks for or in respect of all costs, expenses, disbursements, and losses that shall have been incurred or sustained by the Administrative Agent and the Banks in connection with the collection of such monies by the Administrative Agent or any such Banks, for the exercise, protection, or enforcement by the Administrative Agent or any such Banks of all or any of the rights, remedies, powers, and privileges of the Administrative Agent or any such Banks under this Credit Agreement or any of the other Loan Documents, or in support of any provision of adequate indemnity to the Administrative Agent or any such Banks against any taxes or Liens that by Government Mandate shall have, or may have, priority over the rights of the Administrative Agent or any such Banks to such monies; (b) Second, to all other Obligations in such order or preference as the Majority Banks may determine; provided, however, that distributions among Obligations owing to the Banks and the Administrative Agent with respect to each type of Obligation such as interest, principal, fees, and expenses, shall be made among the Banks and the Administrative Agent pro rata according to the respective amounts thereof; and provided, further, that the Administrative Agent may in its discretion make proper allowance to take into account any Obligations not then due and payable; and (c) Third, the excess, if any, shall be returned to the applicable Borrower or to such other Persons as are entitled thereto.

  • Collection of Moneys Except as otherwise expressly provided in this Agreement, the Trustee and the Paying Agent may demand payment or delivery of, and shall receive and collect, all money and other property payable to or receivable by the Trustee or the Paying Agent, as the case may be, pursuant to this Agreement. The Trustee or the Paying Agent, as the case may be, shall hold all such money and property received by it as part of the Trust and shall distribute it as provided in this Agreement. If the Trustee or the Paying Agent, as the case may be, shall not have timely received amounts to be remitted with respect to the Mortgage Loans from the Master Servicer, the Trustee or the Paying Agent, as the case may be, shall request the Master Servicer to make such distribution as promptly as practicable or legally permitted. If the Trustee or the Paying Agent, as the case may be, shall subsequently receive any such amount, it may withdraw such request.

  • Payment of Monies The parties acknowledge and agree that any payment of monies required to be made hereunder shall be made in Canadian funds and that any tender of monies or documents hereunder may be made upon the solicitors acting for the party upon whom the tender is desired and it shall be sufficient that a negotiable bank draft is tendered instead of cash.

  • Application of Moneys Collected Any moneys collected by the Trustee pursuant to this Article with respect to a particular series of Securities shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal (or premium, if any) or interest, upon presentation of the Securities of that series, and notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid: