ISTRF Compensation Sample Clauses

The ISTRF Compensation clause establishes the terms under which compensation is provided in relation to the International Swaps and Derivatives Association (ISDA) Standard Terms for Rate Fixing (ISTRF). It typically outlines how parties will calculate and settle amounts owed when certain events, such as early termination or market disruptions, occur under the agreement. For example, it may specify the method for determining the value of outstanding transactions and the timing of payments. The core function of this clause is to ensure that both parties are fairly compensated for their positions, thereby reducing disputes and providing a clear mechanism for financial settlement in complex derivatives transactions.
ISTRF Compensation. It is intended that the Base Amount, the Salary Reduction Payments, and the SRA Amount, which are described above, shall be: (i) included in Superintendent’s “annual compensation” as defined in Indiana Code 5-10.2-4-3(c),
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ISTRF Compensation. It is intended that the Base Amount and the SRA ▇▇▇▇▇▇, as described above, shall be: (i) included in Assistant Director’s “annual compensation” as defined in Indiana Code 5-10.2-4-3; (ii) used to determine the “average of the annual compensation” as defined in Indiana Code 5-10.2-4-3; and (iii) otherwise reported to the Indiana State Teachers Retirement Fund (“ISTRF”) as compensation for purposes of calculating Assistant Director’s retirement benefit.
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ISTRF Compensation. It is intended that the Base Amount, Elective Contributions, ABS Amount, Continuation Pay, and Stipend, all as described above, as well as the taxable portion of the automobile allowance, described below, shall be: (i) included in Superintendent’s “annual compensation” as defined in Indiana Code 5-10.2-4-3(c), (ii) used to determine the “average of annual compensation” as defined in Indiana Code 5-10.2-4-3(c), and (iii) otherwise reported to the Indiana State Teachers Retirement Fund as compensation for purposes of calculating Superintendent’s retirement benefit.
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Related to ISTRF Compensation

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • Full Compensation Subrecipient agrees to accept the specified compensation as set forth in this Contract as full remuneration for performing all services and furnishing all staffing and materials required, for any reasonably unforeseen difficulties which may arise or be encountered in the execution of the services until acceptance, for risks connected with the services, and for performance by the Subrecipient of all its duties and obligations hereunder.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.