Monthly salary setting the latest gross count paid back so you’re able to a person and also make a state not as much as s

, at that time he or she gets handicapped inside definition regarding s. (4), because of the company within the whose employ the fresh new injury happened or even the condition try contracted. Overtime spend might not be felt element of an enthusiastic employee’s monthly paycheck except if the fresh employee gotten they on the a typical and dependable base.

In case there is an excellent Participant’s Old-age, Disability (if the deferrals give it up in line with Section 8.1), death otherwise a cancellation of A job before the prevent out of an idea Year, including year’s Yearly Deferral Number can be the true count withheld in advance of like feel.

Director Costs mode the entire payment (as well as annual retainer and fulfilling charges, if any) paid by the Business to a manager for the a calendar year for services to the Panel;

Yearly Deferral Amount implies that part of an effective Participant’s Ft Yearly Salary and you may Annual Added bonus you to a person elects to own, which is deferred, in accordance with Article step three, your you to Plan 12 months

Crack Percentage mode a cost to compensate a great Proponent for the majority of of your will set you back the new Proponent had obtain into the development and submission a proposal if the the new RFP Procedure is terminated, once the dependent on the latest Sponsors according to RFP Area ten.step three.3;

Handling Charges means all regime, essentially appropriate Town-greater fees necessary for the metropolis to own control programs and it allows and additionally, however restricted to, costs for homes play with applications, building applications, strengthening it allows, and you may permits regarding occupancy.

Monthly Costs means, collectively, [Insert Getting HFS: the latest Month-to-month As well as Refreshment Percentage,] the Monthly Program Percentage as well as the Monthly Royalty Commission, all of which is established about Addendum. [Insert To own HFS: “Month-to-month As well as Beverage Payment” mode the price we want away from you into the Subsection 8.2, that is set forth regarding Addendum.]

Monthly Salary Rates function the amount provided to by Holder that may be used toward Software for Commission about Construction Stage to take into account the newest monthly salary can cost you off Contractor’s salaried teams allotted to the project. A monthly Salary Rate must be based for each and every salaried people and really should become acknowledged on paper from the Proprietor just before people App for Fee regarding people kissbrides.com web siМ‡tesiМ‡niМ‡ ziМ‡yaret ediМ‡n. The brand new Monthly Salary Rate is actually for comfort only and you can any money made for Contractor’s personnel are susceptible to audit to find the genuine price of the earnings and deductible company benefits obtain from the Contractor to own properties performed.

Base Payment mode the amount comparable to the sum (i) the greater from Executive’s next-latest Yearly Foot Income otherwise Executive’s Yearly Ft Paycheck since the newest day 1 day ahead of the Change in Manage, and you may (ii) the common Incentive Bonus.

The first Monthly Income Rate is included within the Exhibit “G” connected to that it Arrangement

Settlement Percentage form a payment, if or not into the economic mode or even in the type of a benefit or services, because of the or on the part of a keen insurance provider so you can a good complainant to help you compensate the fresh complainant for a verified otherwise projected monetary losses obtain as a result of the insurer’s contravention, non-conformity, step, failure to behave, otherwise unfair therapy forming the foundation of your own criticism, where in fact the insurance carrier welcomes liability in order to have caused the losings worried, but excludes one –

Month-to-month Feet Income means step 1/12th of your own deeper of (i) Executive’s yearly foot paycheck (excluding added bonus pay, superior spend, profits, overtime, bonuses and other kinds of varying payment) like in impact on new day off a change in Control Cancellation otherwise a secured Termination, as applicable, otherwise (ii) in the case of a general change in Handle Termination, Executive’s annual legs paycheck (leaving out extra spend, premium spend, commissions, overtime, bonuses and other kinds of adjustable settlement) as in influence on brand new time of a change in Manage.