Excess Miles Sample Clauses

The Excess Miles clause defines the terms and consequences when a lessee exceeds the mileage limit specified in a vehicle lease agreement. Typically, this clause outlines the maximum number of miles allowed during the lease period and stipulates a per-mile fee for any additional miles driven beyond that limit. For example, if a lease allows 12,000 miles per year and the lessee drives 13,000 miles, they would owe a fee for the extra 1,000 miles. The core function of this clause is to protect the lessor from the increased depreciation and wear associated with higher mileage, while providing clear guidelines and costs for the lessee if they exceed the agreed-upon mileage.
Excess Miles. To the extent Car Provider is responsible for excess mileage charges on the Cars, Car User shall be responsible, and shall promptly pay to Car Provider, these charges on a prorated basis. For example, if Car Provider is obligated to pay $0.03 per mile for each mile over 30,000 in a calendar year, which equates to 2,500 miles per month, and if Car User has the Cars for one month and the Cars travel 3,200 miles that month, Car User shall pay Car Provider for each Car (700 x $0.03) which travelled this distance. The Parties will, in good faith, share information about their contractual mileage obligations. *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
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Excess Miles. Trainmen making excess mileage will carryover to the next checking period, twice the excess miles so
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Excess Miles. Locomotive Engineers and Conductors making excess mileage will carry over double the mileage in properly earned to the next checking period where no vacation is allotted.
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Related to Excess Miles

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.05(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long-term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or via the Government Employees Compensation Act prevents the employee from receiving Employment Insurance or Québec Parental Insurance Plan benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.05(a), other than those specified in sections (A) and (B) of subparagraph 17.05(a)(iii), shall be paid, in respect of each week of benefits under the parental allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of the employee's rate of pay and the gross amount of his or her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.05 for a combined period of no more than the number of weeks during which the employee would have been eligible for parental, paternity or adoption benefits under the Employment Insurance or Québec Parental Insurance Plan, had the employee not been disqualified from Employment Insurance or Québec Parental Insurance Plan benefits for the reasons described in subparagraph (a)(i).

  • Death During Benefit Period If the Executive dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

  • Interconnection Customer Compensation for Actions During Emergency Condition The CAISO shall compensate the Interconnection Customer in accordance with the CAISO Tariff for its provision of real and reactive power and other Emergency Condition services that the Interconnection Customer provides to support the CAISO Controlled Grid during an Emergency Condition in accordance with Article 11.6.

  • How Do I Correct an Excess Contribution? If you make a contribution in excess of your allowable maximum, you may correct the excess contribution and avoid the 6% penalty tax under Section 4973 of the Internal Revenue Code for that year by withdrawing the excess contribution and its earnings on or before the due date, including extensions, of the tax return for the tax year for which the contribution was made (generally October 15th). Any earnings on the withdrawn excess contribution may be subject to a 10% early distribution penalty tax if you are under age 59½. In addition, in certain cases an excess contribution may be withdrawn after the time for filing your tax return. Finally, excess contributions for one year may be carried forward and applied against the contribution limitation in succeeding years.

  • Retirement Age It is assumed that an employee terminates employment at the end of the school year in which the employee attains age 58 or at the end of the current year, if the individual is already 58 or older.