, at that time he/she will get handicapped inside the definition regarding s. (4), by the manager from inside the whoever apply the fresh injury happened and/or condition is actually developed. Overtime pay may possibly not be sensed part of an employee’s monthly income until the latest staff member obtained it on a routine and dependable base.

In the event of an excellent Participant’s Later years, Impairment (if deferrals quit prior to Section 8.1), dying or a termination off A position ahead of the stop out-of an agenda Season, such year’s Annual Deferral Number will likely be the true number withheld prior to for example knowledge.

Movie director Charge mode the full payment (and additionally annual retainer and you will fulfilling charge, or no) repaid because of the Corporation so you can a manager from inside the a calendar year for provider to the Panel;

Annual Deferral Number ensures that percentage of a Participant’s Base Annual Paycheck and you can Annual Incentive you to definitely an associate elects for, and that is deferred, in accordance with Post 3, for any you to definitely Package Year

Break Commission form a cost to compensate good Proponent for some of your will set you back this new Proponent had sustained in developing and distribution a proposition in the event that the fresh new RFP Procedure are cancelled, just like the dependent on the latest Sponsors in line with RFP Section 10.step 3.3;

Control Fees form all regimen, basically applicable Urban area-wider fees required by the city getting control software and permits plus, yet not limited to, costs to possess homes use software, building software, building it permits, and you will licenses of occupancy.

Monthly Fees setting, collectively, [Submit For HFS: the fresh new Month-to-month As well as Refreshment Payment,] new Monthly System Payment in addition to Month-to-month Royalty Commission, every one of that is established regarding Addendum. [Submit Getting HFS: “Month-to-month As well as Refreshment Payment” mode the fee we want away from you in the Subsection 8.2, which is established on the Addendum.]

Monthly Paycheck Rate mode extent provided to from the Holder that can be utilized with the Applications to have Fee on Construction Stage so you’re able to account fully for the fresh new month-to-month income will set you back of Contractor’s salaried teams assigned to the project. A month-to-month Income Price must be built each salaried people and may getting acknowledged on paper by Owner prior to any Software getting Commission for the person. The newest Month-to-month Salary Rates is for benefits merely and you may any money created for Contractor’s workers are susceptible to audit to select the genuine cost of the income and you can allowable boss benefits sustained from the Builder to have qualities did.

Feet Compensation means the quantity equivalent to the sum of the (i) the greater number of out of Executive’s then-most recent Annual Foot Salary or Executive’s Annual Ft Paycheck since the brand new time one day prior to the Improvement in Control, and you can (ii) an average Extra Incentive.

The first Monthly Income Speed is included within the Display “G” attached to so it Agreement

Payment Commission setting a repayment, whether into the financial function or in the type of good results or service, from the otherwise on behalf of a keen insurance carrier in order to a complainant to compensate the latest complainant to possess a verified or estimated economic losings incurred as a result of the insurer’s contravention, non-conformity, action, inability to do something, or unfair treatment creating the cornerstone of one’s issue, where in actuality the insurer allows accountability in order to have was the cause of loss alarmed, but excludes people –

Month-to-month Legs Income function step one/twelfth of your own greater from (i) Executive’s yearly foot income (excluding bonus spend, premium pay, profits, overtime, bonuses or other types of adjustable compensation) such as effect on this new big date out-of a general change in Control Cancellation otherwise a safeguarded Cancellation, because the applicable, or (ii) in the case of a general change in Handle Termination, Executive’s annual base salary (excluding extra shell out, superior shell out, earnings, overtime, bonuses and other different adjustable payment) such as influence on the fresh big date out-of a change in Handle.