Maximum Pay Sample Clauses
The Maximum Pay clause sets an upper limit on the total amount that can be paid under a contract or agreement. In practice, this means that regardless of the number of hours worked, services rendered, or expenses incurred, payments to the contractor or service provider cannot exceed the specified cap. For example, even if additional work is requested, the total compensation remains fixed at the agreed maximum. This clause serves to control costs and prevent budget overruns, ensuring financial predictability for the party responsible for payment.
Maximum Pay. In no event shall the additional compensation paid to the employee by virtue of sick leave or vacation pay result in the payment of a total daily, weekly or monthly compensation that exceeds the normal compensation of the employee.
Maximum Pay. Maximum funeral pay shall be two (2) days immediately preceding and/or including the funeral day if the funeral is within two hundred and fifty (250) miles of Minneapolis and not more than three (3) days for time lost if the funeral services are more than two hundred and fifty (250) miles from Minneapolis. Employees shall be paid within these limits only for time actually lost at employee's regular hourly rate.
Maximum Pay. However, no employee shall receive more than the above specified rates for hours worked on any holiday.
Maximum Pay. In no case shall an employee receive a pay increase that would result in the employee’s pay exceeding the maximum pay for the grade of the position to which the employee is assigned.