Average Pay Sample Clauses

Average Pay. Average pay is your rolling six (6) week average pay, including your base wage plus incentive.
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Average Pay. Average pay, will be calculated as follows: At the end of each tax year the Pay Office will calculate the average weekly pay for that twelve months or part of it in the case of employees joining part way through the year - call that Figure A. When the leave is taken, the year to date amount appearing on the computer payroll will be divided by the number of complete weeks worked at the time annual leave is to commence, giving the average weekly pay for the period from the beginning of that current tax year to the point when leave begins. Call that Figure B. The figures A and B are added and averaged, to give "average pay".
Sample 1
Average Pay. Subject to overtime or other irregular events, MFANZ will average the pay of an Associate over the period of the roster, taking into account the shift allowances and penalty rates an Associate would receive, so that the pay the Associate receives does not vary from week to week. An additional 10 minutes at overtime rates in recognition of a period of handover at the end of each shift will be included in this calculation of average pay. Associates will be entitled to payment for overtime in accordance with paragraph 5 in respect of handover periods only if the Associate has been required to remain at his or her work station for more than 10 minutes at the end of his or her shift.
Sample 1
Average Pay. (a) Average Pay Employees are eligible to be rostered either in accordance with locally agreed rosters, or according to the parameters set out in sub-clause 141.3. (b) The provisions of this sub-clause apply to Employees who have already elected, or who elect to accept average pay status and to any new Employee classified as an infrastructure worker. A Non Average Pay Employee who is an infrastructure worker can make themselves available for rostered work in accordance with Clause 141 (Rostering Work). Any other Employees are excluded from the provisions of this sub-clause. (c) Average Pay Employees required to work overtime will be paid for such overtime at the rate of double time.
Sample 1
Average Pay. For the purposes of this clause; * "work group" includes those employees engaged in the civil, signalling, electrical and mechanical engineering disciplines. * "reconciliation period" means the period over which the hours worked and hours paid are reconciled to ensure employees receive all remuneration due. * "infrastructure maintenance" includes the performance of routine maintenance, periodic maintenance, capital works, or enhancements, to railway infrastructure. 15.1.1 Averaged pay is the method of providing an employee the amount of base pay due together with an amount of pay for pre-determined additional hours an employee may be required to work during any one (1) year. The total of the two (2) amounts is known as averaged pay and is the guaranteed minimum yearly earnings of an employee, paid in equal fortnightly amounts. For the purposes of this clause, 'year' means 1 July to 30 June. 15.1.2 The amount of pay due to an employee for the payment of predetermined additional hours an employee may be required to work during each year is calculated as follows: * RIC management will determine the annual additional hours of a work group required to perform the scope of works, in consultation with the work group. Any dispute concerning the additional hours will be resolved in accordance with the Dispute Settlement Procedures of this Agreement. * the annual additional hours will be divided by 48 to achieve a weekly average. The weekly average of additional hours will be increased by time and one half for the first two (2) additional hours and double time for all other additional hours in excess of two (2). * where an employee is required to work an additional 96 hours or less on an annual basis, such hours will be multiplied by 1.5 to obtain the total additional hours to be paid. To obtain the total additional hours to be paid to an employee where the additional hours to be worked total more than 96 hours on an annual basis, the following formula will be applied: 15.1.3 Determination of additional hours may be the same for employees within a given work group or groups, but may be different from one work group to another. 15.1.4 The total minimum hours an employee may be required to work over any one (1) year will be reconciled on a three (3) -monthly basis. 15.1.5 If an employee is not required to work the minimum average hours over the three (3) month reconciliation period, there will be no reduction in pay. 15.1.6 If an employee is required to work additiona...
Sample 1
Average Pay. Unless otherwise stipulated in the respective matters of the present Collective Agreement, for the calculation of the average pay, the average pay used for work-law purposes is used.
Sample 1
Average Pay. Subject to overtime or other irregular events, the parties agree that Venjo will average the pays of 12 hour truck drivers over a twelve month period. This averaging will take into account the shift allowances and penalty rates an employee will be entitled to receive over the period, so that the employee’s pay does not vary from week to week.
Sample 1
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Related to Average Pay

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Credited Service In addition to Current Credited Service the Adopting Employer may include as Credited Service the following types of service:

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Benefit Level The primary care clinics available through each plan administrator are assigned a Benefit Level. The Benefit Levels are outlined in the benefit chart below. Primary care clinics may be in different Benefit Levels for different plan administrators. Family members may be enrolled in clinics that are in different Benefits Levels. Employees and their dependents may change to clinics in different Benefit Levels during the annual open enrollment. Employees and their dependents may also elect to move to a clinic in a different Benefit Level within the same plan administrator up to two (2) additional times during the plan year. Unless the individual has a referral from his/her primary care clinic, there are no benefits for services received from providers in Benefit Levels that are different from that of the primary care clinic in which the individual has enrolled.

  • Retirement Date If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

  • Starting Salary All bargaining-unit positions will be hired at a starting salary commensurate with their experience. It is expected that those salaries will typically be within 20% of employees within that unit at a similar rank and/or experience level. In exceptional cases, bargaining-unit positions may be hired at a salary above that range contingent on extraordinary experience and extramural funding.

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • Pay Period The term “pay period” denotes compensation earned during the first (1st) day through the fifteenth (15th) day of each calendar month, or compensation earned during the sixteenth (16th) day through the last day of each calendar month. There shall be twenty four (24) pay periods in each calendar year.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid If you hold Plan accounts in an omnibus account (i.e., multiple Plans in one account on the books of the Funds), Plans that are added to the omnibus account after May 15, 2002 may invest only in R shares, and you must execute an Omnibus Addendum to the Selling Group Agreement, which you can obtain by calling our Home Office Service Team at 800/421-5475, extension 8.

  • Benefit Period Following the Qualifying Period you will receive a monthly income until the earlier of: (i) Attainment of age 65 (ii) Cessation of total disability (iii) Attainment of date of retirement

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