PAYMENTS FROM OTHER SOURCES Sample Clauses

The "Payments from Other Sources" clause defines how payments received from third parties, such as insurance companies or government programs, are handled in relation to the obligations under the contract. Typically, this clause specifies whether such external payments will reduce the amount owed by one party to another, or if they must be disclosed and potentially offset against contractual payments. Its core function is to prevent double recovery and ensure that the party receiving funds does not collect more than the total amount due by combining payments from multiple sources.
PAYMENTS FROM OTHER SOURCES. In the event a team member qualifies for Holiday Pay under part (d) or (e) above, but receives payments for the day of a holiday from other sources because of employment with CAMI, Holiday Pay for such holiday will be reduced by the amount of such monies.
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PAYMENTS FROM OTHER SOURCES. In the event a team member qualifies for Holiday Pay under part
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PAYMENTS FROM OTHER SOURCES. In the event a team member qualifies for Holiday Pay under part or (e) above, but receives payments for the day of a holiday from other sources because of employment with CAMI, Holiday Pay for such holiday will be reduced by the amount of such monies. Notwithstanding part above, for team members on a CAMI approved modified hours program, the hours a team member is required to work on qualifying days in order to for Holiday Pay, shall be their established hours for the day in question. Such team members who so shall receive Holiday pay calculated only on the basis of the number of CAM-paid daily hours the team member is scheduled to work during the week in which the Holiday falls.
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PAYMENTS FROM OTHER SOURCES. In the event an employee qualifies for Holiday Pay under part or (e) above, but receives payments for the day of a holiday from other sources because of employment with Holiday Pay for such holiday will be reduced by the amount of such monies. MODIFIED HOURS PROGRAM Notwithstanding part above, for employees on a approved modified hours program, the hours an employee is required to work on qualifying days in order to qualify for Holiday Pay, shall be their established hours for the day in question. Such employees who so qualify shall receive Holiday pay calculated only on the basis of the number of daily hours the employee is scheduled to work during the week in which the Holiday falls. VACATION WITH PAY All employees will be encouraged to take their full vacation entitlement during the calendar year. is committed to scheduling a minimum two (2) week plant shut-down during the months of July Purine the Summer Vac Shutdown the rotation e will be for scheduled D will advise by January the tentative shutdown dates, confirmed on or before March of the calendar year. Employeesmay be required to scheduleall or part of their vacation to coincidewith such shut-down. Any entitlement not coinciding with shutdown or with the of s listed below will be scheduled at the mutual convenienceof the employee and in four (4)hour blocks,singledays or fullweeks, dependent upon the amountof notice provided and the staffing requirements during the requested time. The vacation year shall be July through June An employee’s entitlement to vacation with pay in any vacation year will be dependent upon length of service as of July of that year and the number of hours which have been paid to each employee in the preceding vacation year. For employees who have worked one thousand (1,000) hours or more in the year, earned hours of vacation and supplemental vacation with pay entitlement will be: For employees whose completed years of service as of July are: Supplemental Vacation Vacation but less than but less than but less than The vacation would be effective and would be as follows: Sixteen hours of vacation would be added to the hours of supplemental vacation and each would be scheduled for hours paid time off For each fifty (50) hours or part thereof by which an employee fails to work the specified qualifying hours, Hours of Vacation with Pay entitlement and the vacation will be reduced by five (5%) per cent. “Hours worked” for the one thousand (1,000) hour qualification provision speci...
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PAYMENTS FROM OTHER SOURCES. In the event that subsequent to his adherence to this Agreement any Foreign Bank Creditor shall in relation to any existing indebtedness owed by a debtor in the territory comprised in the German State on 31 December 1937, accept payment of any sum of money from a source other than such debtor, which sum he is required by operation of law or otherwise or elects to apply against short-term credits covered by this Agreement, then such Foreign Bank Creditor shall apply such moneys in permanent repayment of indebtedness in respect of the short-term credit or credits (if any) in relation to which such sum was received; provided that if such sum was not received in relation to any particular short-term credit or credits then, unless the Foreign Bank Creditor has other indebtedness of the nature aforesaid (not being short-term credits) owing to him against which he can legally apply and elects to apply such moneys, the same shall be applied by the Foreign Bank Creditor against such short-term credit or credits as he may select. Promptly upon application of such moneys in reduction of any short-term credit or credits the Foreign Bank Creditor shall notify the relative debtor or debtors and the German Committee and his own Foreign Bankers' Committee of such application and the indebtedness in respect of the short-term credit or credits against which such moneys are so applied shall thereafter be permanently repaid accordingly.
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Related to PAYMENTS FROM OTHER SOURCES

  • Transfers From Other Plans We can receive amounts transferred to this ▇▇▇▇ ▇▇▇ from the trustee or custodian of another ▇▇▇▇ ▇▇▇ as permitted by the Code. In addition, we can accept rollovers of eligible rollover distributions from employer-sponsored retirement plans as permitted by the Code. We reserve the right not to accept any transfer.

  • Payments from Available Funds Only All payments to be made by the Borrower under this Agreement shall be made only from the amounts that constitute Scheduled Payments, Special Payments and other payments under the Operative Agreements, including payment under Section 4.02 of the Participation Agreements and payments under Section 2.14 of the Indentures, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it will look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement, the Intercreditor Agreement or any Participation Agreement. Amounts on deposit in the Class A Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.05(f) of the Intercreditor Agreement.

  • Payments Pro Rata Treatment Computations Etc 28 Section 4.01 Payments..............................................................................28 Section 4.02 Pro Rata Treatment....................................................................28 Section 4.03 Computations..........................................................................29 Section 4.04 Non-receipt of Funds by the Administrative Agent......................................29 Section 4.05 Set-off, Sharing of Payments, Etc.....................................................29 Section 4.06 Taxes.................................................................................30

  • When Must Distributions from a ▇▇▇▇ ▇▇▇ Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • Can I Roll Over or Transfer Amounts from Other IRAs You are allowed to “roll over” a distribution or transfer your assets from one ▇▇▇▇ ▇▇▇ to another without any tax liability. Rollovers between ▇▇▇▇ IRAs are permitted every 12 months and must be accomplished within 60 days after the distribution. Beginning in 2015, just one 60 day rollover is allowed in any 12 month period, inclusive of all Traditional, ▇▇▇▇, SEP, and SIMPLE IRAs owned. If you are single, head of household or married filing jointly, you may convert amounts from another individual retirement plan (such as a Traditional IRA) to a ▇▇▇▇ ▇▇▇, there are no AGI restrictions. Mandatory required minimum distributions from Traditional IRAs, must be removed from the Traditional IRA prior to conversion. Rollover amounts (except to the extent they represent non-deductible contributions) are includable in your income and subject to tax in the year of the conversion, but such amounts are not subject to the 10% penalty tax. However, if an amount rolled over from a Traditional IRA is distributed from the ▇▇▇▇ ▇▇▇ before the end of the five-tax-year period that begins with the first day of the tax year in which the rollover is made, a 10% penalty tax will apply. Effective in the tax year 2008, assets may be directly rolled over (converted) from a 401(k) Plan, 403(b) Plan or a governmental 457 Plan to a ▇▇▇▇ ▇▇▇. Subject to the foregoing limits, you may also directly convert a Traditional IRA to a ▇▇▇▇ ▇▇▇ with similar tax results. Furthermore, if you have made contributions to a Traditional IRA during the year in excess of the deductible limit, you may convert those non- deductible IRA contributions to contributions to a ▇▇▇▇ ▇▇▇ (assuming that you otherwise qualify to make a ▇▇▇▇ ▇▇▇ contribution for the year and subject to the contribution limit for a ▇▇▇▇ ▇▇▇). You must report a rollover or conversion from a Traditional IRA to a ▇▇▇▇ ▇▇▇ by filing Form 8606 as an attachment to your federal income tax return. Beginning in 2006, you may roll over amounts from a “designated ▇▇▇▇ ▇▇▇ account” established under a qualified retirement plan. ▇▇▇▇ ▇▇▇, ▇▇▇▇ 401(k) or ▇▇▇▇ 403(b) assets may only be rolled over either to another designated ▇▇▇▇ Qualified account or to a ▇▇▇▇ ▇▇▇. Upon distribution of employer sponsored plans the participant may roll designated ▇▇▇▇ assets into a ▇▇▇▇ ▇▇▇ but not into a Traditional IRA. In addition, ▇▇▇▇ assets cannot be rolled into a Profit-Sharing-only plan or pretax deferral-only 401(k) plan. In the event of your death, the designated beneficiary of your ▇▇▇▇ 401(k) or ▇▇▇▇ 403(b) Plan may have the opportunity to rollover proceeds from that Plan into a Beneficiary ▇▇▇▇ ▇▇▇ account. Strict limitations apply to rollovers, and you should seek competent advice in order to comply with all of the rules governing any type of rollover.