Part F – Remuneration and other payments Sample Clauses

Part F – Remuneration and other payments sets out the terms governing how and when payments are made under the agreement. It typically details the calculation of fees, payment schedules, invoicing procedures, and any additional expenses or reimbursements that may be owed. By clearly outlining the financial obligations of the parties, this clause ensures transparency and helps prevent disputes over compensation or payment timing.
Part F – Remuneration and other payments. 6.1 Pay – increases (a) A pay increase of 2.04% is payable from the first full pay period on or after 1 July 2021 in accordance with Schedule 2. 6.2 Pay – performance and eligibility for progress pay and bonus (a) Employee performance will be managed in accordance with WaterNSW policy to: (i) create an environment for continuous improvement in employee performance; (ii) determine the level of employee performance; (iii) recognise and reward performance improvement; and (iv) enable under performance to be addressed. (b) Eligible employees who are recognised as meeting or exceeding performance expectations will (in addition to general pay increases 6.1 (a)) receive: (i) Progress Pay Increases determined in accordance with the Pay Matrices in Schedule 2 effective 1 July in each year; and (ii) Bonus payment in accordance with clause 6.3 - bonus. (c) The parties agree that during the life of this Agreement the Peak Consultative Group will oversee a review of the remuneration structure for employees of ▇▇▇▇▇▇▇▇ covered by this Agreement to reward employees for the value of work and promote career progression. In particular the joint working group will: (i) Review Schedule 1 - Base rates of pay for a 36 hour week and Schedule 2 – Pay Matrices (ii) Review Schedule 4 - Bonus Payment Matrices (d) Employees will be ineligible for a progress pay increase or bonus in accordance WaterNSW policy and the following: (i) The employee has been determined as underperforming during the financial year; and (ii) A Performance Improvement Plan has been put in place to support performance improvement; and (iii) Performance has been determined by the relevant manager as not improving by: (A) 30 June in relation to a progress pay increase; (B) 31 August in relation to a bonus payment. (e) Any disagreement about a Performance Improvement Plan in relation to clause 6.2 will be resolved using the consultation process, including employee representation where requested, and if necessary, the dispute resolution process outlined in this Agreement. (f) An employee must still be employed with WaterNSW at the time the bonus is paid to be eligible to receive the payment. (g) An employee must have completed their probation period at the time the pay increase and bonus is paid to be eligible to receive the increase and a bonus pro-rated to the portion of the year completed. (h) An ineligible employee’s performance will be excluded from the calculation of their teams team performance where possib...
View SourceView Similar (4)
Part F – Remuneration and other payments. 6.1 Pay – increases (a) A pay increase of 2.53% is payable from the first full pay period on or after 1 July 2022 in accordance with Schedule 1. 6.2 Pay – performance and eligibility for Progress Pay and Performance Pay (a) Employee performance will be managed in accordance with WaterNSW policy to: (i) create an environment for continuous improvement in employee performance; (ii) determine the level of employee performance; (iii) recognise and reward performance improvement; and (iv) enable underperformance to be addressed. (b) Eligible employees who are recognised as meeting or exceeding performance expectations will (in addition to general pay increases 6.1(a)) receive: (i) Progress Pay increases determined in accordance with the Pay Matrices in Schedule 2 effective 1 July in each year; and (ii) Performance Pay in accordance with clause 6.3 – Performance Pay. (c) Progress Pay for Grades 1 to 7 will be 2% each year, except where the final Progress Pay increase may be less than 2% to reach to the maximum pay for the Grade. (d) Progress Pay for Grades 8 to 10 will be: (i) 2% each year until the employee’s pay is more than the pay rate halfway between the minimum and maximum for the Grade; then (ii) 1% each year except where the final Progress Pay increase may be less than 1% to reach the maximum pay for the Grade. (e) Employees will be ineligible for a Progress Pay increase or Performance Pay in accordance with WaterNSW policy and the following: (i) the employee has been determined as underperforming during the financial year; and (ii) a Performance Improvement Plan has been put in place to support performance improvement; and (iii) performance has been determined by the relevant manager as not improving by:
View SourceView Similar (2)
Part F – Remuneration and other payments. 43 Allowances
View Source
Part F – Remuneration and other payments. 6.1 Allowances (a) Allowances are set out in Schedule 3. (b) All other allowances previously paid prior to the implementation of this Agreement have either been removed or absorbed into the base pay rates set out in Schedule 1.
View Source

Related to Part F – Remuneration and other payments

  • COMPENSATION AND OTHER FEES As compensation for the services provided by B▇▇▇▇▇▇ hereunder, the Company agrees to pay to B▇▇▇▇▇▇: (A) The fees set forth below with respect to the Placement: 1. A cash fee payable immediately upon the closing of the Placement and equal to 7% of the aggregate gross proceeds raised in the Placement. B▇▇▇▇▇▇ may allocate up to 35% of the cash fee to co-placement agents or advisors. 2. Such number of warrants (the “B▇▇▇▇▇▇ Warrants”) to B▇▇▇▇▇▇ or its designees at the Closing to purchase shares of Common Stock equal to 7% of the aggregate number of Shares sold in the Placement, The B▇▇▇▇▇▇ Warrants shall have the same terms as the longer-dated warrants (if any) issued to the Purchasers in the Placement except that the exercise price shall be 125% of the public offering price per share and the expiration date shall be five years from the effective date of the registration statement referred to in Section 2(A) below. The B▇▇▇▇▇▇ Warrants shall not have antidilution protections and shall not be transferable for six months from the date of the Placement, except as permitted by FINRA Rule 5110, and further, the number of Shares underlying the B▇▇▇▇▇▇ Warrants shall be reduced if necessary to comply with FINRA rules or regulations. The issuance of the shares underlying the B▇▇▇▇▇▇ Warrants will be registered on the Registration Statement. (B) The Company also agrees to pay to B▇▇▇▇▇▇ a non-accountable expense allowance equal to 1% of the aggregate gross proceeds raised in the Placement (provided, however, that such expense cap in no way limits or impairs the indemnification and contribution provisions of this Agreement). Such non-accountable expense allowance shall be payable immediately upon (but only in the event of) the closing of the Placement. The Company shall advance B▇▇▇▇▇▇ the sum of $30,000 as an advance against B▇▇▇▇▇▇’▇ actual outside legal expenses upon execution hereof, provided however, pursuant to Rule 5110(f)(2)(C), B▇▇▇▇▇▇ shall reimburse the Company for any amount of the advance not actually incurred as an expense.

  • Fees, Expenses and Other Payments (a) Except as otherwise provided in this Agreement, all costs and expenses, including, without limitation, fees and disbursements of counsel, financial advisors and accountants, incurred by the parties hereto shall be borne solely and entirely by the party which has incurred such costs and expenses (with respect to such party, its "Expenses"); provided that, except in the event that the payment provided in Section 8.5(b) becomes payable, if DOCP breaches any material term of this Agreement or if the Merger is not consummated, and this Agreement is thereafter terminated, and within one year of the date of such termination DOCP enters into an agreement respecting an Alternative Transaction, DOCP shall pay the reasonable fees and expenses of one firm of legal counsel advising the Management Investor, up to $50,000, plus 50% of any such fees in excess of $50,000, for the benefit of the Management Investor in connection with the transactions contemplated hereby. (b) If (i) this Agreement shall be terminated by Buyer pursuant to Section 8.1(e) or by Buyer or DOCP pursuant to Section 8.1(f), or (ii) (A) after the date of this Agreement any person or "group" (within the meaning of Section 13(d)(3) of the Exchange Act) shall have publicly made a proposal with respect to an Alternative Transaction, (B) the Offer shall have remained open until at least the scheduled expiration date immediately following the date such proposal is made, (C) the Minimum Condition shall not have been satisfied at the expiration of the Offer and (D) this Agreement shall thereafter be terminated pursuant to Section 8.1(d), then DOCP shall pay to Buyer $3,000,000 plus all Expenses of Buyer, CSX, NSC and the Management Investor as promptly as practicable but not later than two business days after termination of this Agreement (unless required simultaneously with termination under Section 8.1(f)) by wire transfer of immediately available funds to an account designated by Buyer.

  • Collection of Income and Other Payments (A) collect and receive for the account of each Portfolio, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise each Portfolio of such receipt and credit such income to each Portfolio's custodian account; (B) endorse and deposit for collection, in the name of the Fund, checks, drafts, or other orders for the payment of money; (C) receive and hold for the account of each Portfolio all securities received as a distribution on the Portfolio's securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any securities belonging to a Portfolio and held by PFPC Trust hereunder; (D) present for payment and collect the amount payable upon all securities which may mature or be called, redeemed, retired or otherwise become payable (on a mandatory basis) on the date such securities become payable; and (E) take any action which may be necessary and proper in connection with the collection and receipt of such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.

  • Rent and Other Payments This paragraph contains detailed commercial terms. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • Administrative and Other Fees The Borrower agrees to pay the administrative and other fees of the Administrative Agent as provided in the Fee Letter and as may be otherwise agreed to in writing from time to time by the Borrower and the Administrative Agent.