Month-to-month income form the new terrible count paid so you can a participant while making a claim less than s

, at the time she or he gets disabled in definition away from s. (4), by the company into the whose utilize the fresh new injury taken place or the situation is developed. Overtime pay might not be believed part of an employee’s month-to-month salary unless of course the newest staff member gotten it for the a normal and you can reliable base.

In case there is an effective Participant’s Senior years, Impairment (if the deferrals cease in line with Point 8.1), demise or a termination out of Employment prior to the avoid out-of plans Seasons, instance year’s Yearly Deferral Count will be the true count withheld just before such as knowledge.

Director Costs function the entire payment (and annual retainer and appointment charge, if any) paid down from the Organization to a manager during the a calendar year to have service into the Panel;

Annual Deferral Number ensures that part of good Participant’s Foot Annual Income and you can Yearly Bonus one to a person elects to possess, which can be deferred, in line with Post 3, for the one Plan Year

Break Payment mode an amount to pay good Proponent for the majority of of your costs the new Proponent got incurred in the developing and distribution a suggestion when the the fresh new RFP Processes are terminated, just like the dependent on new Sponsors in line with RFP Section 10.3.3;

Processing Charge form most of the regime, basically relevant Town-greater charge necessary for the city to have running apps and you may permits in addition to, yet not simply for, costs for homes play with software, building software, strengthening it allows, and you can certificates off occupancy.

Monthly Costs function, together, [Enter To possess HFS: new Month-to-month As well as Drink Payment,] the latest Month-to-month Program Percentage plus the Month-to-month Royalty Percentage, every one of that is established regarding Addendum. [Input Getting HFS: “Monthly As well as Refreshment Payment” function the price we want from you from inside the Subsection 8.2, that’s established about Addendum.]

Month-to-month Salary Rate form extent agreed to by Proprietor you to may be used on the Programs to possess Commission regarding the Structure Phase so you can be the cause of the monthly income costs off Contractor’s salaried professionals assigned to the project. A monthly Salary Price should be situated for every single salaried individual and should end up being acknowledged written down by Owner in advance of any App for Percentage for the people. The newest Month-to-month Salary Rates is actually for benefits just and you will people repayments created for Contractor’s personnel are subject to audit to find the genuine cost of the income and you may allowable employer contributions incurred by the Company to possess services performed.

Legs Payment function the amount equal to the sum of the (i) the greater number of of Executive’s next-most recent Annual Legs Income otherwise Executive’s Annual Base Salary as of the fresh new date someday ahead of the Improvement in Handle, and you can (ii) the typical Extra Bonus.

The first Monthly Income Rates is included in the Display “G” attached to it Arrangement

Payment Percentage mode a fees, if or not when you look at the economic setting or in the form of good results otherwise solution, by otherwise with respect to an enthusiastic insurance company in order to good complainant so you’re able to make up new complainant having a proven otherwise estimated economic losings sustained due to the insurer’s contravention, non-conformity, step, incapacity to do something, otherwise unjust procedures building the cornerstone of one’s problem, where insurer accepts accountability for having was the cause of sexy Cuenca girl losings concerned, but excludes any –

Month-to-month Foot Salary setting 1/twelfth of your greater away from (i) Executive’s yearly legs salary (leaving out incentive spend, advanced pay, income, overtime, bonuses or any other types of varying compensation) as with influence on the new go out of a change in Control Cancellation otherwise a protected Termination, once the relevant, or (ii) in the example of a modification of Control Termination, Executive’s yearly foot salary (leaving out extra shell out, advanced shell out, earnings, overtime, bonuses or other forms of adjustable payment) like in effect on the new date out-of a change in Control.