Computation of Holiday Pay Sample Clauses

Computation of Holiday Pay. Employees shall have their choice of pay or compensatory time for work performed on a holiday resulting in premium pay.
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Computation of Holiday Pay. A day of holiday pay for full-time full-year or full-time academic year employees shall be equal to eight (8) hours multiplied by the employee’s regular straight-time hourly rate. A day of holiday pay for part-time full-year employees or part-time academic year employees shall be equal to one-fifth (1/5) of the number of hours per week which the employee regularly works (rounded to the nearest hour) multiplied by the employee’s regular straight-time hourly rate.
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Computation of Holiday Pay. Regular full-time employees shall receive eight (8) hours of straight time pay for any of the above mentioned days. Regular part-time employees shall receive holiday pay based upon the average hours worked during the four (4) week period preceding the holidays. Average Hours Worked Per Week
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Computation of Holiday Pay. A. Full-time: A regular full-time employee shall be paid eight (8) hours at straight-time rate for each of the listed holidays. B. Part-time: A regular part-time employee shall be compensated four (4) hours pay at his/her regular rate for the six (6) calendar holidays set forth in SECTION 4.1.
Sample 1
Computation of Holiday Pay. If a full-time Host works one of the above designated paid holidays, and it falls either on his designated 6th day or his designated 7th, the Host shall receive premium pay as follows: on the Hosts designated 6th day, or the 7th day if the 6th day is not worked, two and one-half (2- 1/2) times his straight time hourly rate shall be paid; on the Host's designated 7th day if the 6th day worked - three (3) times his regular straight time hourly rate shall be paid.
Sample 1
Computation of Holiday Pay. Employees eligible for holiday pay for a holiday not worked shall receive eight (8) hours pay at their regular straight-time rate computed as follows: (a) Holiday pay for an employee who is regularly scheduled on the night shift at the time a holiday is observed shall be paid his night shift differential in addition to his regular holiday pay. (b) Holiday pay for a daywork employee shall be computed on the basis of his regular day work hourly rate in effect at the time the holiday is observed, excluding night shift differential and premium pay for overtime worked. (c) Holiday pay for a piecework employee shall be computed on the basis of his average hourly earnings calculated in accordance with Section 11.12, 8 (a), Payment of Average Earnings.
Sample 1
Computation of Holiday Pay. A. FULL-TIME: Regular full-time employees shall be paid eight (8) hours times their straight-time rate of pay for each of the above holidays except Christmas Eve which shall be paid on the basis of time lost because of the short work day in relationship to the normal quitting time for employees on that day. Qn- ployees shall not be rescheduled for the purpose of avoiding payment for time that would otherwise be lost. B. PART-TIME: Part-time employees (thirty-two (32) hours or less), after ninety (90) days of employment, will receive four (4) hours of pay at their regular rate for the above named calendar holidays irrespective of scheduled work days and also for the above named floating .holiday. Part-time employees’will not receive pay for any other holidays. C. BAGGER/CARRYOUT: Bagger/Carryout employees shall not be entitled to such holiday pay.
Sample 1
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Related to Computation of Holiday Pay

  • Number of Holidays (The following clause is applicable to full-time employees only)

  • List of Holidays The Employer recognizes the following paid holidays: New Year’s Day Labour Day Family Day Thanksgiving Day Good Friday Christmas Day Easter Monday Boxing Day Victoria Day Civic Holiday (deferred to Christmas Shutdown) Canada Day Plus, any other day(s) declared or proclaimed as a Statutory Holiday by the Federal or Provincial Government. The Employer shall post a list no later than December 15th of each year stating on which day the Civic Holiday and any other deferred holiday will be observed.

  • Holiday Coinciding with a Day of Vacation Where an employee is on vacation leave and a day of paid holiday falls within that period, the paid holiday shall not count as a day of vacation.

  • Computation of Overtime In computing overtime a period of thirty (30) minutes or less shall be counted as one-half (½) hour and a period of more than thirty (30) minutes but less than sixty (60) minutes shall be counted as one (1) hour.

  • Calculation of Overtime If the overtime work has been carried out before as well as after the regular working hours during a certain day, the overtime periods shall be added together. Only full half hours are included in the calculation.

  • Interest Computation In computing interest on the Obligations, all checks, wire transfers and other items of payment received by Silicon (including proceeds of Receivables and payment of the Obligations in full) shall be deemed applied by Silicon on account of the Obligations three Business Days after receipt by Silicon of immediately available funds, and, for purposes of the foregoing, any such funds received after 12:00 Noon on any day shall be deemed received on the next Business Day. Silicon shall not, however, be required to credit Borrower's account for the amount of any item of payment which is unsatisfactory to Silicon in its sole discretion, and Silicon may charge Borrower's loan account for the amount of any item of payment which is returned to Silicon unpaid.

  • Daily Computation The Investment Manager shall determine on each business day whether the aggregate Term to date Fund Operating Expenses for any class of a Fund exceed the Operating Expense Limit, as such Operating Expense Limit has been pro-rated to the date of such determination (the “Pro-Rated Expense Cap”). If, on any business day, the aggregate Term to date Fund Operating Expenses for any class of a Fund do not equal the Pro-Rated Expense Cap for that class, the amount of such difference shall be netted against the previous day’s accrued amount for Excess Amounts or Recoupment Amounts (as defined below), and the difference shall be accrued for that day as an Excess Amount or Recoupment Amount as applicable.

  • Computation of Amounts For purposes of computing the amount of any item of income, gain, loss, deduction or expense to be reflected in Capital Accounts, the determination, recognition and classification of each such item shall be the same as its determination, recognition and classification for federal income tax purposes; provided that: (i) any income that is exempt from Federal income tax shall be added to such taxable income or losses; (ii) any expenditures of the Company described in Section 705(a)(2)(B) of the Code or treated as Code Section 705(a)(2)(B) expenditures pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(i), shall be subtracted from such taxable income or losses; (iii) if the Book Value of any Company property is adjusted pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(e) (in connection with a distribution of such property) or (f) (in connection with a revaluation of Capital Accounts), the amount of such adjustment shall be taken into account as gain or loss from the disposition of such property; (iv) if property that is reflected on the books of the Company has a Book Value that differs from the adjusted tax basis of such property, depreciation, amortization and gain or loss with respect to such property shall be determined by reference to such Book Value; and (v) the computation of all items of income, gain, loss, deduction and expense shall be made without regard to any election pursuant to Section 754 of the Code that may be made by the Company, unless the adjustment to basis of Company property pursuant to such election is reflected in Capital Accounts pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(m).

  • Observance of Holidays The Board of Trustees may establish calendars that observe holidays on dates other than those listed above, or as modified by current institutional practices.

  • Monday to Saturday Time and a-half for the first three hours and double time thereafter.

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