Over Payments Sample Clauses

The Over Payments clause defines the procedures and obligations when a party has paid more than what is actually owed under an agreement. Typically, this clause requires the recipient of the excess funds to promptly notify the payer and return the overpaid amount, sometimes with interest or within a specified timeframe. Its core practical function is to ensure financial accuracy and fairness by providing a clear mechanism for correcting payment errors and preventing unjust enrichment.
Over Payments. To avoid forfeiture, any payment made by the Licensee in excess of the Final Invoice amount must be requested for refund in writing by Licensee no later than September 1st of the same calendar year. Overpayments cannot be reserved and will not be applied to a future reservation made by the Licensee. Unless the First and Second Payments are both received by University on or before the due dates, as set forth in the Reservation Confirmation, GW will not be obligated to provide the Licensed Space to the Licensee, to any Group Participant, and this Agreement may be administratively canceled by GW. Payment of the Final Invoice as well as any late fees, not timely received may be referred to an attorney or outside agency for collection. The Licensee shall be solely responsible for all fees plus any collection costs, including attorney fees that the University incurs in collecting payments. The University also reserves the right to apply any outstanding debt of an individual Group Participant of a sponsoring organization, onto the sponsoring organization, should attempts by GW to collect directly from the individual be ignored.
View SourceView Similar (5)
Over Payments. If an employee is overpaid, he/she will be provided with an accounting of the overpayment at least one (1) month prior to the State commencing repayment. Over payments of greater than one hundred dollars ($100.00) but less than three hundred dollars ($300.00) shall be recovered from the employee in two (2) monthly deductions from the employee’s pay warrant. Overpayments of three hundred dollars ($300.00) or over shall be recovered in not less than three (3) monthly deductions and not more than six (6) monthly deductions from the employee’s pay warrant. Overpayments discovered after twelve months or later from the time the overpayment was made shall be forgiven by the Employer, unless the overpayment was the result of fraud, deception or member’s negligence.
View SourceView Similar (4)
Over Payments. Any payment above and over the Final Invoice amount must be requested for refund no later than September 1, 2019 to avoid forfeiture. Overpayments from one year will not be applied to a future reservation.
View SourceView Similar (4)
Over Payments. Due to the impact of FRS benefits and Workers' Compensation benefits on the determination of the SLTD benefit, SLTD recipients shall promptly notify the County of any changes in Workers' Compensation or FRS benefits, other than COLAs. At the time employees apply to receive SLTD benefits, they shall be required to acknowledge the obligation to notify the County of any changes in Workers' Compensation or FRS benefits. Failure to notify the County of these changes shall obligate the recipient to repay any resulting overpayments. Overpayments resulting from retroactive FRS and Workers' Compensation lump sum payments shall be immediately paid to Palm Beach County. In the event of an overpayment the county will recoup said overpayment if the overpayment resulted from the individual's failure to notify the County of a retroaction payment from FRS or Workers' Compensation, or if the employee knew or should have known about the overpayment. With the exception of lump sum payments, unless a recipient agrees otherwise, recipients who repay through a reduction in SLTD benefits shall not have their benefit reduced by more than $250 per pay period or thirty-five (35%) percent of their SLTD benefit, whichever is less
View SourceView Similar (3)
Over Payments. In the event that an employee receives wages or benefits from the City to which the employee is not entitled, regardless of whether the employee knew or should have known of the over payment, the City shall notify the employee in writing of the overpayment. Such notice will include information supporting that an overpayment exists and the amount of wages and/or benefits to be repaid. For purposes of recovering overpayments by payroll deduction, the following shall apply: (1) The City shall limit the overpayment calculation to a maximum period of three (3) years before the notification. (2) The employee and the City shall meet and attempt to reach mutual agreement on a repayment schedule within thirty (30) calendar days following written notification. (3) If there is no mutual agreement at the end of the thirty (30) calendar day period, the City shall implement the repayment schedule stated in subsection (4) below. (4) If the overpayment amount to be repaid is more than five percent (5%) of the employee’s regular biweekly base pay (gross amount of bi-weekly pay not including shift differential and over time earned in that pay period), the overpayment shall be recovered in biweekly amounts not to exceed five percent (5%) of the employee’s regular biweekly base salary. If an overpayment is less than five percent (5%) of the employee’s regular biweekly base salary, the overpayment shall be recovered in a lump sum deduction from the employee’s paycheck. If an employee leaves City service before the City fully recovers the overpayment, the remaining amount will be deducted from the employee’s final check(s). (5) An employee who disagrees with the City’s determination that the overpayment has been made to the employee may grieve the determination through the grievance procedure. (6) This Article does not waive the City’s right to pursue other legal procedures and processes to recoup an overpayment made to an employee at any time.
View SourceView Similar (2)
Over Payments. If an employee is overpaid, he/she will be provided with an accounting of the overpayment at least one (1) month prior to the State commencing repayment. Over payments of greater than one hundred dollars ($100.00) but less than three hundred dollars ($300.00) shall be recovered from the employee in two (2) monthly deductions from the employee’s pay warrant. Overpayments of three hundred dollars ($300.00) or over shall be recovered in not less than three (3) monthly deductions and not more than six (6) monthly deductions from the employee’s pay warrant.
View SourceView Similar (2)
Over Payments. In the event that an employee receives wages or benefits from the City to which the employee is not entitled, regardless of whether the employee knew or should have known of the overpayment, the City shall notify the employee in writing of the overpayment. Such notice will include information supporting that an overpayment exists and the amount of wages and/or benefits to be repaid. For purposes of recovering overpayments by payroll deduction, the following shall apply: (1) The City shall limit the overpayment calculation to a maximum period of three
View SourceView Similar (2)
Over Payments. These can occur for a variety of reasons. When a child has to leave suddenly, overpayment for a day will be waived, but overpayments for longer periods will be reclaimed. Carers should notify the Finance Department promptly if you continue to receive allowances when, due to changes in circumstances, payments should have been terminated.
View Source

Related to Over Payments

  • Other Payments You must give your correct TIN, but you do not have to sign the certification unless you have been notified that you have previously given an incorrect TIN. “Other payments” include payments made in the course of the requester’s trade or business for rents, royalties, goods (other than bills for merchandise), medical and health care services (including payments to corporations), payments to a nonemployee for services, payments made in settlement of payment card and third party network transactions, payments to certain fishing boat crew members and fishermen, and gross proceeds paid to attorneys (including payments to corporations).

  • ▇▇▇▇▇▇▇▇▇ Payments The Company shall pay Executive cash benefits equal to: (1) two times Executive's Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. of the attached Presidents' Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on the Termination Date.

  • – PREMIUM & OTHER PAYMENT 16.01 Overtime shall be paid for all paid hours over seven and one-half (7½) hours on a shift or seventy-five (75) hours bi-weekly at the rate of one and one-half (1½) times the employee's regular straight time hourly rate of pay. Overtime is subject to authorization by the Director of Nursing or designate. Authorization shall not be unreasonably withheld. In the event of an emergency, authorization may not be required. 16.02 When an employee is required to work on a paid holiday or on a day for which she is entitled to receive time and one-half (1½) her regular straight time hourly rate and she is required to work additional hours in excess of her normal seven and one-half (7½) hour shift on that day, she shall receive two (2) times her regular straight time hourly rate for such additional hours worked. 16.03 If an employee reports for work at the regularly scheduled time and no work is available, such employee will be paid a minimum of four (4) hours pay at her regular straight time hourly rate, provided the employee has not previously received notification orally or in writing not to report. 16.04 Where call-in is requested within one-half (½) hour of the starting time of the shift and the employee commences work within one (1) hour of the call, then the employee will be paid as if the entire shift had been worked, provided she completes the shift for which she was called in. 16.05 It shall be the responsibility of the employee to consult the posted work schedule. Changes to the posted schedule required by the Employer shall be brought to the attention of the employee. Where less than twenty-four (24) hours' notice is given to the employee personally, the employee will be paid four (4) hours’ straight time wages or six (6) hours’ straight time wages if an extended tour. It is understood that call-ins or call-backs are not covered by this provision. 16.06 If an employee works two consecutive shifts she shall be provided a meal by the Employer, or if a meal cannot be provided she shall receive a meal allowance of five dollars ($5.00).

  • Payments; Fees Agent may, in its discretion, receive and retain any amounts payable to a Defaulting Lender under the Loan Documents, and a Defaulting Lender shall be deemed to have assigned to Agent such amounts until all Obligations owing to Agent, non-Defaulting Lenders and other Secured Parties have been paid in full. Agent may apply such amounts to the Defaulting Lender’s defaulted obligations, use the funds to Cash Collateralize such Lender’s Fronting Exposure, or readvance the amounts to Borrowers hereunder. A Lender shall not be entitled to receive any fees accruing hereunder during the period in which it is a Defaulting Lender, and the unfunded portion of its Commitment shall be disregarded for purposes of calculating the unused line fee under Section 3.2.1. If any LC Obligations owing to a Defaulted Lender are reallocated to other Lenders, fees attributable to such LC Obligations under Section 3.2.2 shall be paid to such Lenders. Agent shall be paid all fees attributable to LC Obligations that are not reallocated.

  • Quarterly Payments The quarterly payment cannot be increased in cases of target over-achievement. The payments are given on cumulative outputs, in arrears, and therefore the maximum payment available will be given by the end of the Contract if the agreed (target) number of outputs is reached or exceeded.