Wage Subsidy Clause Samples

A Wage Subsidy clause outlines the terms under which an employer receives financial assistance to help cover employee wages. Typically, this clause specifies eligibility criteria, the amount or percentage of wages subsidized, and the duration of the subsidy. For example, it may apply during periods of economic hardship or as part of a government support program. The core function of this clause is to provide financial relief to employers, enabling them to retain staff and maintain operations during challenging times.
Wage Subsidy. The Provider may pay a Wage Subsidy to an Employer with respect to a Participant (other than a Work Assist Participant), where the Participant is eligible for the Wage Subsidy, in accordance with any Guidelines. If the Provider pays a Wage Subsidy in accordance with clause 101.1, the Provider must: ensure that the payment is in accordance with any Guidelines, including any limitations on payments; arrange for payment, from its own funds, of the Wage Subsidy to the Employer for that Participant; and submit a claim for Reimbursement of the Wage Subsidy through the Department’s IT Systems. The Provider must not pay a Wage Subsidy to the Provider’s Own Organisation or a Related Entity, unless where specified in any Guidelines. The Department will Reimburse the Wage Subsidy to the Provider in accordance with, and subject to, the requirements for payment under the Guidelines.
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Wage Subsidy. The Provider may pay a Wage Subsidy to an Employer with respect to a Participant (other than a Work Assist Participant), where the Participant is eligible for the Wage Subsidy, in accordance with any Guidelines.
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Wage Subsidy. On or before the ninetieth (90th) day after the Closing Date, Seller shall pay to Buyer the sum of Ninety Thousand Dollars ($90,000), to be applied by Buyer against the then current and future wage and benefit costs for the Transferred Business Employees. (d) Section 6.1 of the Purchase Agreement is deleted in its entirety, and replaced with the following:
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Related to Wage Subsidy

  • Asset Coverage The Borrower will not at any time permit the aggregate amount of Total Liabilities that are Senior Securities Representing Indebtedness to exceed 33 1/3% of its Adjusted Net Assets.

  • Wage Scale The wages shown in Appendix A will be part of this Agreement.

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Long Term Care Insurance The University offers full-time faculty the opportunity to purchase Long-Term Care Insurance through a voluntary Long-Term Care Insurance policy. Faculty members are responsible for 100% of the premium, which may be remitted through payroll deduction.

  • Health Care Insurance While a faculty member is on an approved leave of this type, the faculty member will be advised regarding the right to continue health care benefits in accordance with COBRA during the period of unpaid absence.