Sharing of Net Benefits Associated with NOx Allowances Clause Samples

The "Sharing of Net Benefits Associated with NOx Allowances" clause defines how the financial or operational gains resulting from nitrogen oxide (NOx) emission allowances are distributed between the parties to an agreement. Typically, this clause outlines the method for calculating net benefits, such as proceeds from the sale or trading of NOx allowances, and specifies the proportion or mechanism by which these benefits are shared. Its core practical function is to ensure that both parties receive a fair allocation of value derived from NOx allowances, thereby promoting transparency and reducing potential disputes over environmental asset management.
Sharing of Net Benefits Associated with NOx Allowances. The purpose of including the Incremental NOx Savings in the COP is to assure economic Dispatch of the MC-Facility on a comparable basis with other Resources and to recognize those savings in the calculation of Net Benefits that result from Mitigated Dispatch. The savings to be included in Net Benefits, however, are limited to the savings deemed to be obtained from allocated Zero-Cost NOx Allowances (as defined below) made available for sale as a result of Mitigated Dispatch and, therefore, Net Benefits may be adjusted as provided in this Section 2 of RCP Procedure 3. The Parties recognize that the future allocation of Zero-Cost NOx Allowances may be reduced as the emission of NOx is reduced as a result of the RCA and RDA or otherwise.
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Related to Sharing of Net Benefits Associated with NOx Allowances

  • Compensation for Loss of Employee Tools The Employer will replace all Employee tools lost or stolen in accordance with the Award.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Transition to Retirement 24.1 An Employee may advise their Employer in writing of their intention to retire within the next five years and participate in a retirement transition arrangement. 24.2 Transition to retirement arrangements may be proposed and, where agreed, implemented as: (a) a flexible working arrangement (see clause 16 (Flexible Working Arrangements)); (b) in writing between the parties; or (c) any combination of the above. 24.3 A transition to retirement arrangement may include but is not limited to: (a) a reduction in their EFT; (b) a job share arrangement; or (c) working in a position at a lower classification or rate of pay. 24.4 The Employer will consider, and not unreasonably refuse, a request by an Employee who wishes to transition to retirement: (a) to use accrued Long Service Leave (LSL) or Annual Leave for the purpose of reducing the number of days worked per week while retaining their previous employment status; or (b) to be appointed to a role which that has a lower hourly rate of pay or hours (post transition role), in which case: (i) the Employer will preserve the accrual of LSL at the time of reduction in salary or hours; and (ii) where LSL is taken or paid out in lieu on termination, the Employee will be paid LSL hours at the applicable classification and grade, and at the preserved hours, prior to the post transition role until the preserved LSL hours are exhausted.

  • Benefits Upon Plan Termination In the event this Long-Term Disability Plan is terminated, the benefit payments shall continue to be paid in accordance with the provisions of this Plan to disabled employees who became disabled while covered by this Plan prior to its termination.