Common use of Calculation of Payments Clause in Contracts

Calculation of Payments. (a) Payments made pursuant to this clause to a Teacher whose hours have varied shall be calculated in accordance with the following formula: Where: P is the payment due. s is the total salary paid in respect of term weeks, or part thereof, since the anniversary of employment [or date of employment in circumstances where a Teacher has been employed by the School for less than one year]. b is the number of term weeks, or part thereof, in the year. c is the number of non-term weeks, or part thereof, in the year. d is the salary paid in respect of non-term weeks, or part thereof, that have occurred since the anniversary of employment [or date of employment in circumstances where a Teacher has been employed by the School for less than one year]. Payments made otherwise pursuant to this clause shall be calculated in accordance with the following formula: t x c - d b Where: P is the payment due. S is an amount equivalent to a week's salary including allowances of the Teacher at the date of application of the formula. b is the number of term weeks, or part thereof, in the year. c is the number of non-term weeks, or part thereof, in the year. d is the number of non-term weeks, or part thereof, worked by the Teacher since the School Service Date.

Appears in 4 contracts

Samples: Multi Enterprise Agreement, Multi Enterprise Agreement, Multi Enterprise Agreement

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