, at the time he/she gets disabled into the meaning regarding s. (4), from the manager during the whoever use the brand new burns off took place or perhaps the problem was developed. Overtime pay may possibly not be experienced part of an enthusiastic employee’s monthly salary except if the fresh new employee obtained it towards the a routine and you may reliable basis.

In case there are good Participant’s Advancing years, Handicap (if the deferrals give it up in accordance with Section 8.1), passing or a termination off Work ahead of the prevent regarding plans Season, such year’s Yearly Deferral Number can be the actual number withheld just before including knowledge.

Manager Fees means the entire payment (and additionally annual retainer and you can meeting fees, or no) Alta girls cute paid off by Corporation so you can a movie director from inside the a twelve months getting solution on the Board;

Yearly Deferral Number ensures that part of a good Participant’s Legs Annual Paycheck and you will Annual Added bonus one an associate elects getting, that will be deferred, in accordance with Post 3, for the one Plan Season

Split Percentage setting an amount to compensate an effective Proponent for almost all of your own costs the fresh Proponent had obtain in developing and submission a suggestion in the event the the RFP Processes try cancelled, since the influenced by the latest Sponsors in accordance with RFP Point 10.step 3.3;

Running Charge setting all of the techniques, fundamentally appropriate City-wide charges required by the town having handling applications and you may it allows along with, yet not limited to, fees to have land use apps, building programs, building permits, and you will licenses out-of occupancy.

Month-to-month Charges function, collectively, [Submit To have HFS: new Monthly Food and Beverage Percentage,] new Monthly System Payment while the Month-to-month Royalty Fee, all of which is set forth on Addendum. [Type To have HFS: “Monthly As well as Beverage Payment” form the fee we require away from you inside Subsection 8.2, that is set forth from the Addendum.]

Month-to-month Income Speed setting the amount offered to by the Holder you to may be used with the Apps to have Fee on the Structure Stage to help you take into account the latest monthly salary will set you back out-of Contractor’s salaried employees allotted to the project. A month-to-month Income Rates should be mainly based per salaried person and should become recognized in writing by the Holder in advance of any App to have Percentage for this people. The fresh Monthly Income Speed is actually for comfort simply and you can any costs designed for Contractor’s personnel are at the mercy of review to determine the actual price of the wages and you may allowable workplace contributions sustained from the Builder to possess attributes performed.

Foot Compensation means the amount equivalent to the sum (i) the more out of Executive’s next-newest Yearly Base Paycheck or Executive’s Annual Base Salary at the time of the latest big date 1 day ahead of the Change in Manage, and (ii) the average Extra Bonus.

The first Monthly Salary Price is roofed when you look at the Display “G” attached to that it Contract

Compensation Payment form an installment, if within the monetary mode or perhaps in the type of good results or service, by otherwise on the part of an enthusiastic insurance carrier so you’re able to good complainant to compensate brand new complainant getting a verified otherwise projected financial loss incurred considering the insurer’s contravention, non-compliance, step, failure to act, otherwise unfair procedures creating the basis of the issue, the spot where the insurance company allows responsibility for having caused the losings concerned, however, excludes people –

Monthly Base Salary mode 1/12th of your better out of (i) Executive’s yearly ft salary (excluding added bonus shell out, superior spend, income, overtime, bonuses and other types of varying compensation) such as influence on this new day regarding a modification of Control Termination otherwise a shielded Termination, as appropriate, or (ii) in the case of a modification of Control Termination, Executive’s yearly ft income (excluding bonus pay, advanced spend, earnings, overtime, bonuses or any other forms of adjustable payment) like in effect on brand new go out from a general change in Manage.