Settlement Allowance Sample Clauses
A Settlement Allowance clause defines a specific amount or method of compensation to be paid to a party in the event of an early settlement or resolution of a contract or dispute. Typically, this clause outlines the conditions under which the allowance is triggered, such as the termination of a contract before its natural expiration, and details how the amount is calculated—whether as a fixed sum, a percentage of the contract value, or based on incurred costs. The core function of this clause is to provide financial certainty and fairness to the affected party, compensating them for potential losses or inconveniences resulting from the early conclusion of the agreement.
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Settlement Allowance. 44.01 This allowance is an equalizing subsidy to assist in offsetting the high economic costs of living in Gjoa Haven.
44.02 Settlement Allowance shall be paid to every employee.
44.03 Part-time employees, including casuals, shall be paid Settlement Allowance prorated to an hourly rate, up to the maximum of the normal weekly hours of work for their classification group.
44.04 The Settlement Allowance shall be Ten Thousand One Hundred and Fifty Dollars ($10,150) per year and shall be paid on an hourly basis.
Settlement Allowance. 49.01 The Employer agrees to pay to each employee a settlement allowance of $1,492.
49.02 Settlement Allowance will be paid to all employees.
49.03 Full time employees will receive a settlement allowance in equal amounts on a biweekly basis. Casual, part-time, and seasonal employees may be paid the settlement allowance prorated to an hourly rate.
49.04 The amount of settlement allowance shall be clearly identified on the employees pay stub.
Settlement Allowance. Settlement allowance shall be based on ten thousand one hundred dollars ($10,100) per year. This allowance shall be divided by 2080 for employees whose normal hours of work are eight (8) per day; and by 1950 for employees whose normal hours of work are seven and one-half (7½) per day. This allowance shall be paid on an hourly basis for all regular hours worked. It shall be paid bi-weekly.
Settlement Allowance. A Settlement Allowance will be paid to all employees. The amount of Settlement Allowance paid will be six thousand and four hundred dollars ($6,400).
Settlement Allowance. Settlement Allowances were rolled into wages on April Each permanent employee who does not live in subsidized social housing shall be paid a housing allowance at the rate of per hour up to the maximum of their scheduled weekly hours of work for their classification group. Eligible employees must complete a housing allowance application to be processed and approved in a manner prescribed by the Employer.
Settlement Allowance. Effective April 1, 1997 Settlement Allowances were rolled into wages to the extent that funding considerations allowed.
Settlement Allowance. Settlement Allowances were rolled into wages on April 1, 1997.
Settlement Allowance a) The Board agrees to pay a settlement allowance of up to $1,200.00 for teachers commencing employment with this board who remain with the Board for two (2) full years of consecutive teaching.
b) Allowable expenses will be those expenses reasonably incurred in moving and would include traveling, meals and accommodation in transit to new residence, crating, loading, shipping and delivery of personal effects.
c) To be eligible for reimbursement the teacher must file original receipts in the Board office, within sixty (60) days of settlement, or within such further time as may be mutually agreed.
d) If any teacher receives a settlement allowance payment and leaves the employ of the Board before one (1) full year of teaching, then the monies advanced in payment of any settlement allowance will be recovered by the Board from the final salary or other payment due the teacher. If any teacher receives a settlement payment and leaves the employ of the Board before two (2) full years of consecutive teaching, then half of the monies advanced in payment of any settlement allowance will be recovered by the Board from the final salary or other payment due the teacher. Prior to receiving the settlement allowance the teacher will sign an authorization to permit the Board to deduct the repayment from the teacher’s final pay, if the same should be necessary.
Settlement Allowance. 48.01 The Employer agrees to pay each employee a settlement allowance of three thousand seven hundred dollars ($3,700.00) annually, payable in three installments in the last pay of: June, 25% December, 50% March, 25%. Apprentices shall not be entitled to the above allowance.
Settlement Allowance. 54.01 Effective May 26, 2016 each employee shall receive a Settlement Allowance of $6198 per year. Settlement Allowance shall be paid on an hourly basis for all regular hours earned defined as hours worked, paid leave and time in lieu. Effective April 1, 2017 the Settlement Allowance shall increase to $6322 per year. Effective April 1, 2018 the Settlement Allowance shall increase to $6448 per year. Effective April 1, 2019 the Settlement Allowance shall increase to $6577 per year. Effective May 26, 2016 the hourly rate payable as Settlement Allowance shall be $3.01 for employees whose regular hours of work are eight (8) hours per day, and $3.17 for employees whose regular hours of work are seven and one-half (7½) hours per day. Effective April 1, 2017 the hourly rate payable as Settlement Allowance shall be $3.07 for employees whose regular hours of work are eight (8) hours per day, and $3.23 for employees whose regular hours of work are seven and one-half (7½) hours per day. Effective April 1, 2018 the hourly rate payable as Settlement Allowance shall be $3.14 for employees whose regular hours of work are eight (8) hours per day, and $3.30 for employees whose regular hours of work are seven and one-half (7½) hours per day. Effective April 1, 2019 the hourly rate payable as Settlement Allowance shall be $3.20 for employees whose regular hours of work are eight (8) hours per day, and $3.36 for employees whose regular hours of work are seven and one-half (7½) hours per day.
54.02 All employees presently receiving an amount more than stated above shall continue to receive that amount until such time that the benefit in this Agreement exceeds the amount presently received. At that time the employee shall receive the amount stated in the Agreement.