Remuneration Payment Procedure Clause Samples

Remuneration Payment Procedure. ‌ 5.3.1. If the Challenge Organizer wishes to hold the Challenge with Remuneration, the Organizer shall contribute Remuneration amount as a security for his/her obligations. 5.3.2. The Platform redirects the Challenge Organizer to the Connected Bank payment page where the Challenge Organizer shall specify his/her bank card details and issue an order for Remuneration transfer to the Connected Bank where it will be reserved until the Challenge Winner is selected and such Remuneration is paid to him/her. 5.3.3. By confirming the transfer of the Remuneration amount to the Connected Bank, the Challenge Organizer shall thereby confirm the payment of the Remuneration amount to the Challenge Winner after such Challenge Winner is selected. 5.3.4. The Challenge Organizer understands that after the Challenge Winner is selected and the Challenge Duration expires, the Platform will send to the Connected Bank the Challenge Organizer’s order to transfer the Remuneration amount to the Challenge Winner within three (3) business days after the Challenge Duration expires, and such transfer shall be deemed as accepted by the Challenge
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Remuneration Payment Procedure. 5.3.1. Organizer shall contribute the Remuneration amount as a security for his/her obligations. 5.3.2. The Platform redirects the Challenge Organizer to the Connected Bank payment page where the Challenge Organizer shall specify his/her bank card details and issue an order for the Remuneration transfer to the Connected Bank where it will be reserved until the Challenge Winner is selected and such Remuneration is paid to him/her. 5.3.3. By confirming the transfer of the Remuneration amount to the Connected Bank, the Challenge Organizer shall thereby confirm the payment of the Remuneration amount to the Challenge Winner after such Challenge Winner is selected. 5.3.4. The Challenge Organizer understands that after the Challenge Winner is selected and the Challenge Duration expires, the Platform will send to the Connected Bank the Challenge Organizer’s order to transfer the Remuneration amount to the Challenge Winner within three (3) business days after the Challenge Duration expires, and such transfer shall be deemed as accepted by the Challenge Organizer in full.
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Remuneration Payment Procedure. 5.3.1. If the Challenge Organizer wishes to hold the Challenge with Remuneration, the Organizer shall contribute Remuneration amount as a security for his/her obligations.‌ 5.3.2. The Platform redirects the Challenge Organizer to the Connected Bank payment page where the Challenge Organizer shall specify his/her bank card details and issue an order for Remuneration transfer to the Connected Bank where it will be reserved until the Challenge Winner is selected and such Remuneration is paid to him/her. 5.3.3. By confirming the transfer of the Remuneration amount to the Connected Bank, the Challenge Organizer shall thereby confirm the payment of the Remuneration amount to the Challenge Winner after such Challenge Winner is selected.
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Related to Remuneration Payment Procedure

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account. 8.4.2. Compensation shall not compensate the profit not received by the Client in the event that the Client had an intention to perform some action but has not performed it for some reason. 8.4.3. The Company shall not compensate non-pecuniary damage to the Client. 8.4.4. The Company adds a compensation payment to the Client trading account within one working day since the moment of making a positive decision on the dispute situation.

  • Separation Payment An ASF Member shall be compensated at the final rate of pay for all unused, accumulated vacation, leave time upon separation from state service, or movement to a vacation ineligible position. An employee on an unpaid leave of absence of more than one (1) year for a purpose other than accepting an unclassified position in state civil service, or an employee on layoff that results in separation from service, may elect to be compensated at the final rate of pay for unused accumulated vacation leave. This accumulated vacation payout shall not exceed two hundred and seventy-five (275) hours, except in the case of the ASF Member's death. Calculation of an ASF Member's hourly rate for purposes of computing vacation separation payment shall be based upon a base of two thousand eighty-eight (2,088) working hours per year. Appointment periods of less than one (1) year in duration shall be prorated on this basis. Except as provided in Article 16, Section C, Subdivision 4 which pertains to the separation payment to retirees, the separation payment will be made in cash.

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  • Lump Sum Severance Payment Payment of a lump sum amount equal to twelve (12) months of Executive’s then-current Base Salary plus the Pro Rated Bonus, less all customary and required taxes and employment-related deductions, paid on the first payroll date following the date on which the Release required by Paragraph 4(g) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employment.

  • Variable Compensation In addition to any interim award that the Company owes to the Executive under the Variable Compensation Plan (or any similar provisions in a successor to the Variable Compensation Plan), the Executive shall be paid a lump sum cash amount equal to 2.0 times the target annual award under the Variable Compensation Plan for the Executive’s job for the calendar year during which the Change in Control occurs. In order to be entitled to a payment pursuant to this Section 4(b), the Executive must have been a participant in the Company’s Variable Compensation Plan at some time during the calendar year in which the Change in Control occurred or the calendar year immediately preceding the calendar year in which the Change in Control occurred.