Basic earnings Sample Clauses

Basic earnings. The amount of money earned by an employee at the basic hourly rate (exclusive of overtime, premiums, differentials, lump sum payments, variable payments, performance bonus and any incentive or like payments to which an employee is entitled).
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Basic earnings. For a commissioned salesperson: during the initial year of Employment, base salary plus quota as the Employer at the date of hire. during the second year of Employment, base salary plus actual commissions earned during the most recent month fiscal period. during subsequent years, base salary plus average annual commissions on most recent fiscal years commissions earned. For any other Employee, the salary or wage from the Employer, excluding any bonus, commission, overtime or incentive pay. Class It does not include a nursing home, rest home, home for the aged, a convalescent hospital or a place for the care and treatment of drug addicts or alcoholics. Convalescent Hospital an institution designated as such by law for the convalescent care and treatment, on an in-patient basis, of sick and injured persons, which is entitled to a per diem allowance under the hospital plan of the province where it is located. It does not include a nursing home, rest home, home for the aged, or a place for the care and treatment of drug addicts or alcoholics. Totally Disabled For the Weekly Indemnity Insurance You are Totally Disabled if you are prevented by Illness from performing the duties of your own occupation and do not engage in any occupation or employment for wage or profit. For other benefits You are Totally Disabled if you are in a state of incapacity due to Illness which while it continues during the Elimination Period and the following months, prevents you from performing the essential duties of your own occupation at the onset of disability, and while it continues after such prevents you from earning at least of your Earnings at the beginning of your Elimination Period. A Dependent is Totally Disabled if he is prevented by Illness from performing his normal duties. Deemed Date of Retirement If you become Totally Disabled, your date of retirement is deemed to be on your 65th birthday unless you actually retire earlier. Waiting Period months of continuous Employment. Page Class
Basic earnings. The hours payable at may be reduced dependent upon the employee's total cumulative absent hours as defined within the Income Protection Benefit Plan (1 over the three calendar years immediately preceding the year in which each claim is submitted, as per the following: (hours reduced paid (hours reduced paid (hours reduced paid This applies to those employees who are eligible for basic income protection benefits from the: first day of accident first day of hospitalization third day of illness for a total of weeks (1,040 hours) The two-day waiting period does not affect the 26-week period of full income disability or short-term disability. The eligibility period applies to each separate occur- rence of a health-related absence or new claim in a calendar year, the exception of an unbroken absence, which occurs in one calendar year and continues into the following calendar year. This applies to those employees who have earned and are eligible for benefits from the first day of disability absence by having had the equivalent of less than three shifts absence due to non-compensable injury or illness in the previous calendar year. Benefits are payable from: first day of accident first day of hospitalization first day of illness for a total of weeks (1,040 hours) Disability periods involving hospitalization at any time during the absence shall be paid from the first day and shall not impact the following year's eligibility for An employee who is eligible for benefits shall revert to benefits in the year of their entitlement if they have had the equivalent of three shifts or more of absence due to non-compensable illness or injury. A new claim shall occur when an employee has returned to regular employment for a period of calendar days should the subsequent absence be as a result of a continuation of the same disability. When the original injury or illness results in ongoing physio- therapy, radiation treatment, chemotherapy, dialysis (or other similar ongoing treatments) being prescribed by a physician, the employee shall be paid as though hospitalized, providing that all appropriate waiting periods have been fulfilled. When an employee is admitted to a hospital overnight or when he has undergone general anaesthesia and requires monitoring by medical personnel during the period of recov- ery in the hospital or clinic, he shall be deemed to have been hospitalized.

Related to Basic earnings

  • Tax-Deferred Earnings The investment earnings of your Xxxx XXX are not subject to federal income tax as they accumulate in your Xxxx XXX. In addition, distributions of your Xxxx XXX earnings will be free from federal income tax if you take a qualified distribution, as described below.

  • Sharing of Earnings The Borrower shall procure that no Owner shall: (a) enter into any agreement or arrangement for the sharing of any Earnings; (b) enter into any agreement or arrangement for the postponement of any date on which any Earnings are due; the reduction of the amount of any Earnings or otherwise for the release or adverse alteration of any right of that Owner to any Earnings; or (c) enter into any agreement or arrangement for the release of, or adverse alteration to, any guarantee or Security Interest relating to any Earnings.

  • 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.

  • Vacation Earnings for Partial Years (1) During the first partial year of service a new employee will earn vacation at the rate of three and two-thirds (32/3) days for each month for which the employee earns ten (10) days pay. (2) Subject to Clause 17.8, any unused vacation earned during the first (1st) partial year will be paid to the employee at December 31st of that year. (b) During the first (1st) and subsequent vacation years an employee will earn one-twelfth (1/12) of the annual entitlement for each month in which the employee has received at least ten (10) days' pay at straight-time rates. Where an employee has taken more vacation than earned, the unearned portion taken shall be charged against future earned credits or recovered upon termination whichever occurs first.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Basic Salary For all your services rendered under this Agreement, UO shall pay you a salary at an annual rate of no less than $450,000, or at such higher salary as may be determined by your performance review and the Executive Vice President, Human Resources, Legal & Business Affairs, UPR. Such higher salary shall subsequently be deemed the annual rate, commencing on such date as the Executive Vice President, Human Resources, Legal & Business Affairs, UPR may determine, for purposes of this Agreement.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Annual Compensation The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

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