Daily Rate Computation Sample Clauses

Daily Rate Computation. In applying these provisions, a teacher's daily rate of pay for unused sick leave shall be equal to the basic daily rate of pay at the time of retirement, exclusive of extra-curricular pay and/or extended employment. (Base Salary/185)
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Daily Rate Computation in applying these provisions, the Superintendent of School’s daily rate of pay for severance shall be the basic daily rate at the time of retirement.
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Daily Rate Computation. In applying these provisions, an administrator's daily rate of pay for unused sick leave shall be the basic daily rate at the time of retirement.
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Related to Daily Rate Computation

  • Base Rate The greater of (a) the fluctuating annual rate of interest announced from time to time by the Agent at the Agent’s Head Office as its “prime rate” or (b) one half of one percent (0.5%) above the Federal Funds Effective Rate. The Base Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Any change in the rate of interest payable hereunder resulting from a change in the Base Rate shall become effective as of the opening of business on the day on which such change in the Base Rate becomes effective, without notice or demand of any kind.

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