Adjusted Rate. An employee’s total rate, resulting from the sum of his or her Standard Rate and any applicable Wage Protection Allowance. Such Adjusted Rate shall be used to calculate overtime payments, percentage payments for tour bonuses, paid absences, termination payments, and basic pay for group insurance and Savings and Security Plan allotments.
Adjusted Rate. Any change in the interest rate resulting from a change in the Base Rate shall be effective as of the opening of business on the day on which such change in the Base Rate becomes effective.
Adjusted Rate. Effective on the first day of each Contract Year after the first Contract Year, the Transportation Fee shall be adjusted, upward or downward. Computations to determine such adjustments shall be made utilizing $0.16/Mcf as the base rate. The adjustment shall be based upon the change in the annual average of the Producers Price Index, "PPI," All Commodities, 1982 = 100, as published by the United States Department of Labor, Bureau of Labor Statistics. To determine the adjusted rate for each subsequent Contract Year, the following formula shall be used: Adjusted rate = Base rate x (0.10 + 0.90 x PPI current/PPI base) or the initial rate, whichever is greater. Thus, by way of illustration, should the average PPI for the year 2002 be 125, and the average PPI for the year 2003 be 130, the adjusted price for the subsequent Contract Year, 2004, commencing on the anniversary of the Contract Year, would be computed as follows: $0.16 x (0.10 + 0.90 x 130/125) = $0.16576
Adjusted Rate. An employee’s total rate, resulting from the sum of his or her standard rate and any applicable wage protection allowance and base rate supplements (Notes).
Adjusted Rate. On each Adjustment Date the Interest Rate will be set at a per annum rate of interest equal to three hundred (300) Basis Points plus the One Month LIBOR Rate, on such Adjustment Date or, if any such Adjustment Date is not a Business Day, on the immediately preceding Business Day. At no time shall the Adjusted Rate be less than 5.75% per annum or if the Default Rate applies, as provided below, less than 9.75% per annum.
