Calculation of Earnings Sample Clauses

Calculation of Earnings. 14.04.10 Subject to Articles 14.04.20 and 14.04.30, for the purposes of this article an employee's total wages for a calendar year means the amount reported by the Company to the Income Tax Branch of the Department of National Revenue as the earnings of such employee for such year less any amount paid to him as a vacation bonus in accordance with Article 14.03. Total wages shall not include any taxable allowances considered as earnings for taxation purposes.
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Calculation of Earnings. (a) Within forty-five (45) days following the end of each Future Earnings Period, the General Partner shall prepare and deliver to Seller a statement of Future Annual Earnings with respect to such Future Earnings Period (the "Earnings Statement"). During the 30 days immediately following receipt of the Earnings Statement by Seller, the Seller and his accountants shall be entitled to review the Earnings Statement and any working papers, trial balances and similar materials relating to the Earnings Statement prepared by the General Partner or its accountants, and the General Partner shall provide Seller and his accountants with reasonable access, during the General Partner's normal business hours, to the Partnership's personnel, properties, books and records for the sole purpose of verifying the Earnings Statement.
Calculation of Earnings. An employee’s vacation pay for each week of entitlement shall be at the rate of 2% of gross annual earnings, or current annual rate, whichever is greater. Calculation of vacation for all permanent employees shall be based on a fifty‐two week working year.
Calculation of Earnings. As soon as reasonably practicable following March 31, 2011, and in any event within ten (10) Business Days after the date that Enson closes their books with respect to March 31, 2011, Buyer shall cause Enson to commission the Auditor to prepare audited consolidated financial statements of Enson for the year ending and as of March 31, 2011 in accordance with the Company Earnings Principles (the “Audited Accounts”) and a calculation of the Company Earnings for the year ended March 31, 2011 based upon the Audited Accounts and adjusted in accordance with the agreed adjustment as set out in Annex C within forty five (45) calendar days of confirmation and acknowledgement of its appointment in connection herewith and in any event not later than June 30, 2011. Enson and Seller shall have ten (10) Business Days from receipt thereof to submit a Dispute Notice to the other and to Auditor setting forth any adjustments that either, in good faith, makes to such Audited Accounts and Company Earnings, and Enson, Buyer and Seller shall, in good faith, work to promptly resolve all issues set forth in such Dispute Notice.
Calculation of Earnings. All Casual Employee shall be entitled to an increment on the completion of 2190 hours of work and a further increment on the completion of each period of 2190 hours thereafter to the maximum increment granted to Full-Time Employees.
Calculation of Earnings. Subject to and for the purposes of this article an employee’s total wages for a calendar year means the amount reported by the Company to the lncome Tax Branch of the Department of National Revenue as the earnings of such employee for such year less, any amount paid to him as a vacation bonus in accordance with Article 14.03. Total wages shall not include any taxable allowances considered as earnings for taxation purposes. If during a calendar year an employee with one or more vacation service years who has worked at least 150 hours but less than 2080 hours during the year is absent from work for a period clue to illness, accident or disability of a non-occupational nature for which benefits are payable (or would be payable if the employee were eligible) under the Welfare Plan currently in effect, that employee’s total wages for such calendar year shall, for the purpose of this article, be deemed to include the estimated amount he would have earned during such period (projected from his actual earnings for the time worked during the calendar year) up to the following maximums.
Calculation of Earnings. All Casual Employee shall be entitled to an increment on the completion of 1825 hours of work and a further increment on the completion of each period of 1825 hours thereafter to the maximum increment granted to Full-Time Employees. However, after any three (3) consecutive calendar years of uninterrupted service and the completion of a minimum of six hundred (600) worked hours, an Employee will be granted an increment. After the increment is granted, the Employee’s hours of service will recommence at zero (0) for purposes of increment entitlement.
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Calculation of Earnings. A Regular Casual Employee shall be entitled to an increment on the completion of one thousand eight hundred and twenty five (1825) hours of work (tour and active duty) and a further increment on the completion of each period of one thousand eight hundred and twenty five (1825) hours thereafter to the maximum increment granted to full-time employees. However, after any three (3) consecutive calendar years of uninterrupted service and the completion of a minimum of nine hundred 900 worked hours, an employee will be granted an increment. After the increment is granted, the employee’s hours of service will recommence at zero (0) for purposes of increment entitlement.

Related to Calculation of Earnings

  • Application of Earnings The Borrower undertakes with the Lenders to procure that money from time to time credited to, or for the time being standing to the credit of, an Earnings Account shall, unless and until an Event of Default or Potential Event of Default shall have occurred (whereupon the provisions of Clause 17.1 shall be and become applicable), be available for application in the following manner:

  • Payment of Earnings The Borrower undertakes with each Creditor Party to ensure that throughout the Security Period (subject only to provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship.

  • Sharing of Earnings The Borrower shall procure that no Owner shall:

  • Availability of Earnings Statements The Company shall make generally available to holders of its securities as soon as may be practicable but in no event later than the last day of the fifteenth (15th) full calendar month following the calendar quarter in which the most recent effective date occurs in accordance with Rule 158 of the Rules and Regulations, an earnings statement (which need not be audited but shall be in reasonable detail) for a period of twelve (12) months ended commencing after the effective date, and satisfying the provisions of Section 11(a) of the Act (including Rule 158 of the Rules and Regulations).

  • Apportionment of Earnings and Profits and Tax Attributes (a) Tax Attributes arising in a Pre-Distribution Period will be allocated to (and the benefits and burdens of such Tax Attributes will inure to) the members of the Parent Group and the members of the SpinCo Group in accordance with the Code, Treasury regulations and any other Applicable Tax Law, and, in the absence of controlling legal authority or unless otherwise provided under this Agreement, Tax Attributes shall be allocated to the legal entity that created such Tax Attributes.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Consolidated Adjusted EBITDA The Borrower will maintain, as of the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2003, a minimum Consolidated Adjusted EBITDA of no less than (i) $0 for the Fiscal Quarter ending June 30, 2003, (ii) $1,000,000 for the Fiscal Quarter ending September 30, 2003 and (iii) $2,500,000 for each Fiscal Quarter thereafter.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

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