In Lieu Payment Clause Samples

In Lieu Payment. If possible, the District shall establish a payment of $400 per month for employees who do not take health insurance from the District. The employee must demonstrate to the District that they have medical coverage through their spouse’s health care provider. An employee will be allowed to request medical coverage at the next open enrollment; however, if the employee experiences a qualifying event they may be able to request medical coverage prior to the next open enrollment.

In Lieu Payment. In lieu of a restricted stock award related to your employment during Fiscal 2016, the Company will pay you the sum of $1,750,000, payable in six equal annual installments commencing January 5, 2018 and continuing on January 5 (or the first business day thereafter) of each of the next succeeding five years.

In Lieu Payment. The Parties agree to a payment in-lieu of an in-kind value received by the City for a portion of the annual fee. As such, in consideration for WANRack to use public ROW granted in this Agreement, and in lieu of the annual fee payment to the public for use of such ROW, WANRack grants the City an indefeasible right to use six the Municipal Fibers for the Term. WANRack and the City agree the consideration in this Section 21.1 for the annual fee payment applies only to the fees that otherwise would have been due from the segments of fiber optic cables that contain fibers installed for the Agua Fria Union High School District #216; the annual fees described in Section 20 above still apply for third party leasing.

In Lieu Payment. Notwithstanding the provisions of Section 2.1 above, if any Tax Welfare Exemption is awarded for the Property for tax year 2013-2014 or any preceding tax year, and if the Agency is then in compliance with its material obligations under this Agreement, the Amended OPA and the Payment Agreement, then the Owner agrees to pay to the Agency an amount equal to the property taxes attributable to the Property that otherwise would have been collected and deposited into the Redevelopment Property Tax Trust Fund for that applicable period pursuant to Assembly ▇▇▇▇ x1 26 (the “In Lieu Payment”). The Owner shall deliver written notice to the Agency concerning the award of any Tax Welfare Exemption within five (5) business days after the Owner first receives notice of the award. Promptly after receipt of the Owner’s written notice, the Agency shall calculate the exact amount of the In Lieu Payment and shall deliver written notice to the Owner identifying the exact amount. The Owner shall make the In Lieu Payment (if applicable) to the Agency with respect to each pertinent tax year within fifteen (15) calendar days after the Owner’s receipt of the Agency’s written notice identifying the exact amount of the In Lieu Payment. If the In Lieu Payment is not made in a timely manner, the Parties agree that interest shall accrue on the In Lieu Payment commencing on the first tardy date, at the annual rate of eight percent (8%), compounded monthly, and the amount of the In Lieu Payment plus all accrued interest thereon shall be deemed a lien against the Property in the Agency’s favor.

In Lieu Payment. In lieu of payment of the foregoing Agreement Deposit or any further payments from SHP per Section 2(D), if SHP releases and quitclaims all rights and interests in that certain approximately 3 acre parcel known as the police station property (the “Police Station Property”) as legally described herein in the “Legal Description of Police Station Property” attached herein and incorporated herein as Exhibit “D”, prior to the making of such Deposit, then SHP’s only responsibility under the foregoing provision shall be to pay for compliance with the California Environmental Quality Act pursuant to Section 2(c), nor shall SHP have any responsibility to pay for the leasable value of the SA Property.

In Lieu Payment. 17.01 Employees shall receive thirty-five cents (35¢) per hour premium in addition to the wage rates outlined in Schedule “A”. This premium shall serve as compensation in lieu of any Health & Welfare Benefits and sick leave benefits.

In Lieu Payment. All employees represented by AFSCME will be requested to provide information on similar health insurance provided to or available to the employee and/or the employee's dependents through the employee's spouse or otherwise, to enable the City to determine the effect of such available double coverage on the City's total health care costs. Any employee who provides to the City evidence of insurance under a separate policy and requests to be deleted from the City's coverage shall receive $250 per month for the duration of this MOU, as an in lieu payment. Should such other coverage subsequently be unavailable to the employee, the employee shall have the right to seek reinstatement to coverage under the City's policy upon written request. In such a case, the City shall reinstate the employee's coverage and cancel the in lieu payment if reinstatement is permitted under this MOU and under the provisions for reinstatement then in effect with the City's then-current health insurance provider.

In Lieu Payment. 13.03.1 Except for married couples employed by the District, full-time bargaining unit members and part-time members on a prorated basis who opt out of a school district hospitalization/major medical insurance plan for a contract year shall be paid $1,100 on or before February 1. Any person covered by the Board plan shall not be eligible for this payment.