Average wage Sample Clauses

Average wage. The Business shall pay an average starting wage for the Project Jobs, as shown in Master Contract Exhibit D.
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Average wage essentially, the Employer uses two types of average wage calculations - namely the average wage per hour, and the average wage per day. Whilst the former is used for labor law purposes, and the latter for sick pay purposes. For bonuses payable as per CA, and for other forms of wage settle- ments, granted once a year, the pro-rata proportion (of earnings) applied to determine the Employee´s average wage per quarter, equals one-fourth of the total settlement amount. This pro-rata proportion is then divided by the number of calendar fund hours available in the given Quarter. The thus calculated amount per hour is then added to the average wage per hour of the current qualifying period, calculated from wage settlements pursued within the respective period.
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Average wage. (a) For the purpose of calculating or increasing a wage that is linked, by law or agreement, to the Average Wage, the following shall not be taken into account: changes in the Average Wage that derived from a difference between the Minimum Wage as on the 2 Nissan 5747 (1 April 1987) and the Minimum Wage paid to the majority of Employees immediately prior to the inception of this Law, or which arose from a change effected in the Minimum Wage due to the updating thereof.
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Average wage. 10. (a) For the purpose of calculating or increasing a wage linked, by law or agreement, to the average wage, there shall not be brought into account changes on the average wage which arise from a difference between the minimum wage, as on the 2nd Nisan 5747 (1st April, 1987) and the minimum wage which was paid to most employees immediately before the coming into force of this Law or which arose from a change in the minimum wage due to its updating.
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Average wage. 30.5.1. During the determination and application of the average wage, the procedure pursuant to the Act on Wages is followed, with the following clarification:
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Related to Average wage

  • 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.

  • Determination of Treasury Rate Unless otherwise specified in the applicable Pricing Supplement if the Base Rate specified on the face hereof is the Treasury Rate, the “Treasury Rate” means, with respect to any Treasury Rate Determination Date (as defined below), the rate for the auction held on such Treasury Rate Determination Date of direct obligations of the United States (“Treasury bills”) having the Index Maturity specified on the face hereof, as published in H.15(519) under the heading “U.S. Government Securities-Treasury bills-auction average (investment)” or, if not so published by 3:00 P.M., New York City time, on the Calculation Date pertaining to such Treasury Rate Determination Date, the auction average rate (expressed as a bond equivalent on the basis of a year of 365 or 366 days, as applicable, and applied on a daily basis) as otherwise announced by the United States Department of the Treasury for Treasury bills on such Treasury Rate Determination Date having the Index Maturity specified on the face hereof. In the event that the results of the auction of Treasury bills having the Index Maturity specified on the face hereof are not published or reported as provided above by 3:00 P.M., New York City time, on such Calculation Date, or if no such auction is held on such Treasury Rate Determination Date, then the Treasury Rate shall be calculated by the Calculation Agent and shall be a yield to maturity (expressed as a bond equivalent on the basis of a year of 365 or 366 days, as applicable, and applied on a daily basis) of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 P.M., New York City time, on such Treasury Rate Determination Date, of three leading primary United States government securities dealers selected by the Calculation Agent for the issue of Treasury bills with a remaining maturity closest to the Index Maturity specified on the face hereof; provided, however, that if the dealers selected as aforesaid by the Calculation Agent are not quoting bid rates as mentioned in this sentence, the rate of interest for the applicable period will be the rate of interest in effect on such Treasury Rate Determination Date. The “Treasury Rate Determination Date” will be the day of the week in which the related Interest Reset Date falls on which Treasury bills would normally be auctioned. Treasury bills are normally sold at auction on Monday of each week, unless that day is a legal holiday, in which case the auction is normally held on the following Tuesday, except that such auction may be held on the preceding Friday. If, as the result of a legal holiday, an auction is so held on the preceding Friday, such Friday will be the Treasury Date Determination Date pertaining to the Interest Reset Date occurring in the next succeeding week. If an auction date shall fall on any Interest Reset Date for a Note whose Base Rate is the Treasury Rate, then such Interest Reset Date shall instead be the first Business Day immediately following such auction date. The interest rate for each such Interest Reset Date shall be the Treasury Rate plus or minus the Spread or multiplied by the Spread Multiplier, if any, as indicated on the face hereof.

  • Determination of Fair Market Value For purposes of this Section 10.2, “fair market value” of a share of Common Stock as of a particular date (the “Determination Date”) shall mean:

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

  • Valuation Date The value of the Collateral shall be determined on the date of the Buy-In (or the payment made pursuant to Section 6.2 below).

  • Determination Date The Business Day immediately preceding the related Remittance Date.

  • VALUE OF PARTICIPANT'S ACCRUED BENEFIT If a distribution (other than a distribution from a segregated Account) occurs more than 90 days after the most recent valuation date, the distribution will include interest at: (Choose (a), (b) or (c))

  • Measurement Period (b) In this Agreement, unless the contrary intention appears, a reference to:

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