Payment Practices Sample Clauses
The Payment Practices clause defines the rules and procedures governing how and when payments are to be made between parties under a contract. It typically outlines the timing of invoices, acceptable payment methods, and any penalties for late payments, ensuring both parties understand their financial obligations. By establishing clear expectations for payment, this clause helps prevent disputes over money, promotes timely transactions, and supports smooth business operations.
Payment Practices. With the exception of Superannuation payments, redundant employees will receive all termination payments by way of EFT payment on the employee’s final day of employment.
Payment Practices. With the exception of Superannuation payments, redundant employees will receive all termination payments by way of EFT or by agreement with the employee/s concerned by way of direct debit, on the employee's final day of employment.
Payment Practices. A. Provider will be reimbursed for services in accordance with the approved rate (the lesser of the provider’s actual rate or the state maximum rate for each care level), less any parent co-payment.
1. The approved rate is documented on the Child Care Certificate for each eligible child.
2. If the provider charges more than the state maximum reimbursement rate, this overage is the sole responsibility of the parent and is in addition to their co-payment.
B. Payment will occur within 30 business days after timely timesheet submittal in accordance with Section I.E.
C. Reimbursement for child care services is based on actual attendance of child(ren) on the Subsidy Program and is only authorized for the schedule on the Child Care Certificate.
1. The provider is responsible for ensuring that the certificate is current, and covers the schedule utilized by the subsidy participant.
2. The Early Childhood Connection is not responsible for payment of days and hours not covered on the Child Care Certificate; this is the responsibility of the parent.
D. Providers agree to get payment issues resolved within 60 days of receiving payment for services. Submittals outside this timeline are subject to non-payment.
E. Child Care Attendance and Provider Timesheet submitted after the last day of the month following the service period (e.g., timesheets submitted August 1 or later for the month of June) are subject to non-payment.
F. Reimbursement checks for the Early Childhood Connection’s portion of child care services are paid directly to providers only.
G. Subsidy clients are responsible for maintaining current co-payments with providers.
H. Once providers receive a Child Care Certificate, subsidy clients are not required to provide the full cost of tuition up-front and in full prior to attendance.
I. DWSS, the Early Childhood Connection and/or other fiscal agent for the Child Care Subsidy Program will not deduct taxes, insurance, or other coverage for providers from their Subsidy Program reimbursements (also see Employment in section IX.C). It is the provider’s sole responsibility to pay these taxes or premiums in accordance with law.
Payment Practices. 1.1 THE CUSTOMER AGREES TO THE FOLLOWING PAYMENT DUE DATES: Additionally, both the provider and the customer agree to the following terms and conditions.
Payment Practices. The Company will make payment to all employees made redundant all benefits under Clause 43 of this Agreement, together with all accrued payments for which they are eligible, by way of direct transfer into the employee’s nominated bank, or like, account on the final day of the employee’s employment.
Payment Practices. The Turnkey Contractor shall be responsible for administering all contracting, procurement, and payments relating to the Work. The MEP Participants’ payments to the Turnkey Contractor under this Agreement as well as the Turnkey Contractor’s payments to all Subcontractors under its Subcontracts shall comply with customary and reasonable disbursement and security requirements of the Lenders and Insurers.
Payment Practices. The Borrower shall and shall cause each of its Subsidiaries to conduct its business operations with respect to accounts and expenses payable in accordance with ordinary course business practices.
Payment Practices. With the exception of superannuation payments, all redundancy payments will be made to employees either prior to or on the final day of employment either by cheque or directly into the employee’s account, as agreed. A statement detailing the make-up of such payment will also be provided.
Payment Practices. The Company shall electronically remit payment to the bank account specified by you. Payment shall be made each week via direct deposit. You will receive a detailed invoice every week for the trips completed during each payment cycle.
Payment Practices. Termination payments will be made at the employee’s ordinary hourly rate of pay (including over award payments but excluding attendance bonuses and shift penalty rates) on date of termination With the exception of Superannuation payments, redundant employees shall receive all termination payments by way of cheque payment or EFT on or before the employee's final day of employment.