Common use of Order of Payment Clause in Contracts

Order of Payment. The amount determined in Section 6, which the Exporting Authority pays to the Importing Authority, is recognized firstly as the person's contributions plus interest as determined by the provisions of the Exporting Plan. The balance is recognized as the employer's contributions.

Appears in 7 contracts

Sources: Reciprocal Transfer Agreement, Reciprocal Transfer Agreement, Reciprocal Transfer Agreement

Order of Payment. The amount determined in Section 67, which the Exporting Authority pays to the Importing Authority, is recognized firstly as the person's contributions plus interest as determined by the provisions of the Exporting Plan. The balance is recognized as the employer's contributions.

Appears in 1 contract

Sources: National Public Service Pension Transfer Agreement

Order of Payment. The amount determined in Section 65, which the Exporting Authority pays to the Importing Authority, is recognized firstly as the person's contributions plus interest as determined by the provisions of the Exporting Plan. The balance is recognized as the employer's contributions.

Appears in 1 contract

Sources: Reciprocal Transfer Agreement