Charter Pay Sample Clauses

Charter Pay. All charters will be paid at a single charter rate. Pay begins at the time an operator reports for an assignment. Pay continues until the bus is dropped at the conclusion of the assignment or at the start of the period when the operator is released to obtain rest at a room provided by the Company or charter party. Pay will commence again when the operator is required to report back on duty. If a charter of less than 36 hours requires an operator to secure rest (nine hours or more), away from his/her home location, the operator will be paid a minimum of eight hours of pay at the charter rate each day. No minimum pay is due on charters less than 36 hours when an operator is not required to secure their rest to continue the charter. On charters of 36 hours or more, operators will receive a guarantee of eight hours at the charter rate in each 24-hour period completed. If the last day of the charter is less than 24 hours, operators will be paid for actual work performed. The 24-hour period commences at the time of assignment of the charter. If a charter of 36 hours or more or a charter that requires an operator to secure their rest away from home is canceled through no fault of the operator and the operator reaches the pick-up point, the operator will be paid a minimum of eight hours at the charter rate and placed on the bottom of the board. Meal allowance will only be paid on charters of 36 hours or more when away from home as provided in the Meal Allowance section. If regular operators are assigned a charter they will be guaranteed an amount equal to their regular earnings for the duration of the charter. If a regular operator is assigned on their day off, they will be paid at time and one-half for the charter. If a regular operator is requested by the chartering party, there will be no guarantee or overtime due to the operator. Operators accepting request charters from a city other than their home location must position themselves at no cost to the Company.
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Charter Pay. Operators will be paid the charter driving rate for all time spent driving and the protection rate for all non-driving time, including hours logged off duty, except when securing required DOT rest. Pay begins at the time an operator reports for an assignment. Pay continues until the bus is dropped at the conclusion of the assignment or at the start of the period when the operator is released to obtain rest at a room provided by the Company or charter party. Pay will commence again when the operator is required to report back on duty. If a charter of less than 36 hours requires an operator to secure rest (nine hours or more), away from his home location, the operator will be paid a minimum of eight hours of pay at the charter driving rate. On charters of 36 hours or more, operators will receive a guarantee of eight hours at the driving rate in each complete 24-hour period. The 24-hour period commences at the time of assignment of the charter. If such charter is canceled through no fault of the operator, after the operator reaches the pick-up point, the operator will be paid a minimum of eight hours at the charter driving rate and placed on the bottom of the board. Meal allowance will only be paid on charters of 36 hours or more as provided in the Meal Allowance section. If regular operators are assigned a charter they will be guaranteed an amount equal to their regular earnings for the duration of the charter, unless requested; in which case, there is no guarantee. Operators accepting request charters from a city other than their home location must position themselves at no cost to the Company.
Charter Pay. All charters will be paid at a single charter rate. Pay begins at the time an operator reports for an assignment. Pay continues until the bus is dropped at the conclusion of the as- signment or at the start of the period when the operator is released to obtain rest at a room provided by the Company or charter party. Pay will commence again when the operator is required to report back on duty. If a charter of less than 36 hours requires an operator to secure rest (nine hours or more), away from his/her home location, the op- erator will be paid a minimum of eight hours of pay at the charter rate each day. No minimum pay is due on charters less than 36 hours when an operator is not required to secure their rest to continue the charter. On charters of 36 hours or more, operators will receive a guarantee of eight hours at the charter rate in each 24-hour period completed. If the last day of the charter is less than 24 hours, op- erators will be paid for actual work performed. The 24-hour period commences at the time of assignment of the charter. If a charter of 36 hours or more or a charter that requires an operator to secure their rest away from home is canceled through no fault of the opera- tor and the operator reaches the pick-up point, the operator will be paid a minimum of eight hours at the charter rate and placed on the bottom of the board. Meal allowance will only be paid on charters of 36 hours or more when away from home as provided in the Meal Allowance sec- tion. If regular operators are assigned a charter they will be xxxxxx- xxxx an amount equal to their regular earnings for the duration of the charter. If a regular operator is assigned on their day off, they will be paid at time and one-half for the charter. If a regular operator is requested by the chartering party, there will be no guarantee or overtime due to the operator. Operators accepting request charters from a city other than their home location must position themselves at no cost to the Com- pany.
Charter Pay. All charters will be paid at a single char- ter rate. Pay begins at the time an operator reports for an assign- ment. Pay continues until the bus is dropped at the conclusion of the assignment or at the start of the period when the operator is released to obtain rest at a room provided by the Company or char- ter party. Pay will commence again when the operator is required to report back on duty. If a charter of less than 36 hours requires an operator to secure rest (nine hours or more), away from his/her home location, the operator will be paid a minimum of eight hours of pay at the charter rate each day. No minimum pay is due on charters less than 36 hours when an operator is not required to secure their rest to continue the charter. On charters of 36 hours or more, operators will receive a guar- xxxxx of eight hours at the charter rate in each 24-hour period com- pleted. If the last day of the charter is less than 24 hours, operators will be paid for actual work performed. The 24-hour period com- mences at the time of assignment of the charter. If a charter of 36 hours or more or a charter that requires an operator to secure their rest away from home is canceled through no fault of the operator and the operator reaches the pick-up point, the operator will be paid a minimum of eight hours at the charter rate and placed on the bottom of the board. Meal allowance will only be paid on charters of 36 hours or more when away from home as provided in the Meal Allowance section. If regular operators are assigned a charter they will be xxxxxx- xxxx an amount equal to their regular earnings for the duration of the charter. If a regular operator is assigned on their day off, they will be paid at time and one-half for the charter. If a regular opera- tor is requested by the chartering party, there will be no guarantee or overtime due to the operator. Operators accepting request charters from a city other than their home location must position themselves at no cost to the Company.

Related to Charter Pay

  • Charter The terms of this Lease shall be governed by and subject to the budget and fiscal provisions of the Charter of the City and County of San Francisco.

  • Charter Provisions Each Seller Entity shall take all necessary action to ensure that the entering into of this Agreement and the consummation of the Merger and the other transactions contemplated hereby do not and will not result in the grant of any rights to any Person under the Articles of Incorporation, Bylaws, or other governing instruments of any Seller Entity or restrict or impair the ability of Buyer or any of its Subsidiaries to vote, or otherwise to exercise the rights of a shareholder with respect to, shares of any Seller Entity that may be directly or indirectly acquired or controlled by them.

  • Charter Documents Cause or permit any amendments to its Certificate of Incorporation or Bylaws;

  • Charters Each Vessel Owner shall be entitled to let its Collateral Vessels, pursuant to an Eligible Charter or other Charter, provided always that each Vessel Owner complies with the terms of this Agreement and the other Loan Documents (including the Concentration Limit Requirements) and: (a) if a Vessel Owner enters into a Charter in respect of a Collateral Vessel, it promptly notifies the Administrative Agent thereof; (b) such Vessel Owner shall either promptly obtain the consent (if required) of the Charterer to the assignment of that Charter pursuant to the General Assignment or ensure that the terms of such Charter permit assignment of that Charter without consent; (c) such Vessel Owner serves a notice of assignment upon the Charterer pursuant to the terms of the General Assignment and, if such Vessel Owner is party to a Charter with a term that exceeds twelve (12) months (including any extension options) such Vessel Owner shall obtain an acknowledgement from the Charterer (and such Vessel Owner shall use reasonable endeavors to obtain such acknowledgement in a signed writing as opposed to by email, which shall otherwise be acceptable if such Charterer refuses to provide such acknowledgement in a signed writing); (d) Vessel Owners may only enter into bareboat or demise charters with Eligible Bareboat Charterers, as such term is defined in Schedule 2.02, and, prior to entering into any such bareboat or demise charter, the Borrower shall procure that a Charterer’s Undertaking is provided by the applicable Charterer (unless, after using commercially reasonable efforts to procure such Charterer’s Undertaking, the Borrower is unable to reach agreement with the relevant Charterer for the provision of such Charterer’s Undertaking and the Administrative Agent consents to the foregoing). In addition, the Borrower shall procure that any such bareboat or demise charter includes an undertaking from the Charterer to the effect that such Charterer will not permit the use or operation of the applicable Collateral Vessel (i) in any country or territory that at such time is the subject of Sanctions, or (ii) in any other manner that will result in a violation by any Person, the Finance Parties or any other person participating in the Program Debt (whether as underwriter, advisor, investor or otherwise) of Sanctions; (e) Vessel Owners shall procure the prior written consent of the Administrative Agent for any charter where more than six (6) months charterhire is paid in advance; (f) Vessel Owners shall procure the prior written consent of the Administrative Agent for any arrangement under which Earnings of any Collateral Vessel may be shared with anyone else; and (g) Vessel Owners shall procure the prior written consent of the Administrative Agent for any charter with any Affiliate of the Guarantor or which is otherwise than on arm’s length terms.

  • Off-Balance Sheet Arrangements There is no transaction, arrangement, or other relationship between the Company or any of its Subsidiaries and an unconsolidated or other off balance sheet entity that is required to be disclosed by the Company in its 1934 Act filings and is not so disclosed or that otherwise could be reasonably likely to have a Material Adverse Effect.

  • Maximum Contractual Obligation 13 The maximum obligation of COUNTY under this Agreement shall be 14 $220,000, or actual allowable costs, whichever is less.

  • EXTRA CONTRACTUAL OBLIGATIONS In the event Retrocedant or Retrocessionaire is held liable to pay any punitive, exemplary, compensatory or consequential damages because of alleged or actual bad faith or negligence related to the handling of any claim under any Reinsurance Contract or otherwise in respect of such Reinsurance Contract, the parties shall be liable for such damages in proportion to their responsibility for the conduct giving rise to the damages. Such determination shall be made by Retrocedant and Retrocessionaire, acting jointly and in good faith, and in the event the parties are unable to reach agreement as to such determination, recourse shall be had to Article XV hereof.

  • Capitalization; Governing Documents As of the date of this Agreement, the authorized capital stock of the Company consists of: 10,000,000,000 shares of Common Stock, of which 4,005,718,437 shares are issued and outstanding; and 10,000,000 shares of preferred stock, of which 1,000 shares of Series A Preferred Stock are issued and outstanding, 100,000 shares of Series B Preferred Stock are issued and outstanding and 100,000 shares of Series D Preferred Stock are issued and outstanding. All of such outstanding shares of capital stock of the Company, the Commitment Shares and the Conversion Shares are, or upon issuance will be, duly authorized, validly issued, fully paid and non-assessable. No shares of capital stock of the Company are subject to preemptive rights or any other similar rights of the shareholders of the Company or any liens or encumbrances imposed through the actions or failure to act of the Company. As of the effective date of this Agreement, other than as publicly announced prior to such date and reflected in the Disclosure Documents (defined below) of the Company (i) there are no outstanding options, warrants, scrip, rights to subscribe for, puts, calls, rights of first refusal, agreements, understandings, claims or other commitments or rights of any character whatsoever relating to, or securities or rights convertible into or exchangeable for any shares of capital stock of the Company or any of its Subsidiaries, or arrangements by which the Company or any of its Subsidiaries is or may become bound to issue additional shares of capital stock of the Company or any of its Subsidiaries, (ii) there are no agreements or arrangements under which the Company or any of its Subsidiaries is obligated to register the sale of any of its or their securities under the 1933 Act and (iii) there are no anti-dilution or price adjustment provisions contained in any security issued by the Company (or in any agreement providing rights to security holders) that will be triggered by the issuance of any of the Securities. The Company has furnished to the Buyer true and correct copies of the Company’s Articles of Incorporation as in effect on the date hereof (“Articles of Incorporation”), the Company’s Bylaws, as in effect on the date hereof (the “Bylaws”), and the terms of all securities convertible into or exercisable for Common Stock of the Company and the material rights of the holders thereof in respect thereto.

  • Amendments to Charter Documents The Company covenants and agrees, that prior to its initial Business Combination it will not seek to amend or modify its Charter Documents, except as set forth therein. The Company acknowledges that the purchasers of the Public Securities in the Offering shall be deemed to be third party beneficiaries of this Agreement and specifically this Section 3.22.

  • No Off Balance Sheet Arrangements There is no transaction, arrangement, or other relationship between the Company or any of its Subsidiaries and an unconsolidated or other off balance sheet entity that is required to be disclosed by the Company in its 1934 Act filings and is not so disclosed or that otherwise could be reasonably likely to have a Material Adverse Effect.

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