PERIODS IN EXCESS OF Clause Samples

The "PERIODS IN EXCESS OF" clause defines the rules or limitations that apply when a specified period of time is exceeded in the context of a contract or agreement. Typically, this clause outlines what happens if a party takes longer than the agreed-upon timeframe to perform an obligation, such as delivering goods, completing services, or making payments. For example, it may specify additional charges, penalties, or changes in terms if deadlines are not met. The core function of this clause is to manage expectations and consequences related to delays, thereby encouraging timely performance and providing a clear remedy if time limits are not respected.
PERIODS IN EXCESS OF. 24 HOURS (Aca&Gen) The following expenses shall be paid when travelling in New Zealand on University business for periods in excess of 24 hours: (a) Accommodation: Reimbursement of costs of accommodation on an actual and reasonable basis on presentation of original receipts. (b) Living Costs (including meals): For each 24 hour period a living cost of $67.00 will be paid. For each further period of 12 hours up through to 24 hours, a living allowance of $33.50 will be paid. Where the employer pays for the cost of any meals either directly or by way of reimbursement, the amount of those meals will be deducted from the living costs to be paid to the Employee.
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PERIODS IN EXCESS OF. 24 HOURS (Aca&Gen) The following expenses shall be paid when travelling in New Zealand on University business for periods in excess of 24 hours: (a) Accommodation: Reimbursement of costs of accommodation on an actual and reasonable basis on presentation of original receipts. (b) Living Costs (including meals): For each 24 hour period a living cost of $70.91 (effective 6 January 2014) and from 5 January 2015 $71.97 will be paid. For each further period of 12 hours up through to 24 hours, a living allowance of $35.00 will be paid. Where the employer pays for the cost of any meals either directly or indirectly by way of reimbursement (e.g. paid on ▇▇▇▇▇▇ credit card, charged back to Orbit Travel or as part of event registration fees), the amount of those meals will be deducted from the living costs to be paid to the Employee.
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PERIODS IN EXCESS OF. 24 HOURS (Aca&Gen) The following expenses shall be paid when travelling in New Zealand on University business for periods in excess of 24 hours: (a) Accommodation: Reimbursement of costs of accommodation on an actual and reasonable basis on presentation of original receipts. (b) Living Costs (including meals): For each 24 hour period a living cost of $84.33 effective 9 January 2023 and $86.86 effective 8 January 2024 will be paid. For each further period of 12 hours up through to 24 hours, a living allowance of $42.16 effective 9 January 2023 and $43.42 effective 8 January 2024 will be paid. Where the employer pays for the cost of any meals either directly or indirectly by way of reimbursement (e.g. paid on ▇▇▇▇▇▇ credit card, charged back to Orbit Travel or as part of event registration fees), the amount of those meals will be deducted from the living costs to be paid to the Employee.
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Related to PERIODS IN EXCESS OF

  • Losses in Excess of the Stated Threshold In the event that the sum of the Cumulative Loss Amount under this Single Family Shared-Loss Agreement and the Stated Loss Amount under the Commercial Shared-Loss Agreement meets or exceeds the Stated Threshold, the loss/recovery sharing percentages set forth herein shall change from 80/20 to 95/5 and thereafter the Receiver shall pay to the Assuming Bank, in immediately available funds, an amount equal to ninety-five percent (95%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate. If the Monthly Shared-Loss Amount reported on the Monthly Certificate is a negative number, the Assuming Bank shall pay to the Receiver in immediately available funds ninety-five percent (95%) of that amount.

  • How Do I Correct an Excess Contribution? If you make a contribution in excess of your allowable maximum, you may correct the excess contribution and avoid the 6% penalty tax under Section 4973 of the Internal Revenue Code for that year by withdrawing the excess contribution and its earnings on or before the due date, including extensions, of the tax return for the tax year for which the contribution was made (generally October 15th). Any earnings on the withdrawn excess contribution may be subject to a 10% early distribution penalty tax if you are under age 59½. In addition, in certain cases an excess contribution may be withdrawn after the time for filing your tax return. Finally, excess contributions for one year may be carried forward and applied against the contribution limitation in succeeding years.

  • No Payment Shall Exceed Lawful Rate Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement or otherwise in respect of the Obligations in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a ▇▇▇▇ ▇▇▇ (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your ▇▇▇▇ IRAs. Your total annual contribution to all Traditional IRAs and ▇▇▇▇ IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Minimum Interest Coverage The Borrower will not permit the ratio of EBITDA to Consolidated Interest Expense as at any fiscal quarter end for the four fiscal quarters then ending to be less than 3.00 to 1.0.