Derivation of Bi-Weekly and Monthly Rates Sample Clauses

Derivation of Bi-Weekly and Monthly Rates. The hourly rates set forth in Schedule "A" shall be the basis for application of any general salary increases. The formula for converting the hourly rates to bi-weekly and monthly rates is as follows: hourly x bi-weekly = bi-weekly rate (taken rate hours to 2 decimal places) bi-weekly rate x 26.089 = monthly rate (taken to 12 the nearest dollar)
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Derivation of Bi-Weekly and Monthly Rates. The hourly rates set forth in Schedule "A" shall be the basis for application of any general salary increases. The formula for converting the hourly rates to bi- weekly and monthly rates is as follows: hourly x bi-weekly = bi-weekly rate (taken rate hours to 2 decimal places) bi-weekly rate x 26.089 = monthly rate (taken to 12 the nearest dollar) The resultant hourly and bi-weekly rates are the pay rates to which salaried employees are entitled. The monthly salaries shall be calculated to the nearest dollar. (e.g. 50¢ or more shall be increased to the next highest dollar and less than 50¢ shall not be counted.)
Sample 1Sample 2See All (5)
Derivation of Bi-Weekly and Monthly Rates a) The hourly rates set forth in Schedules A, B & C will be the basis for application of any general salary increases. The formula for converting the hourly rates to bi-weekly and monthly rates is as follows: hourly rate x bi-weekly hours = bi-weekly rate (taken to two (2) decimal places) bi-weekly rate x 26.089 = monthly rate (taken to the nearest dollar) b) Where Inside employees have a normal work week that is different than thirty- five (35) hours per week, they will be paid their hourly rate multiplied by the number of hours worked.
Sample 1
Derivation of Bi-Weekly and Monthly Rates. The hourly rates set out above shall be the basis for application of any general salary increases. The formula for converting the hourly rates to bi-weekly and monthly rates is as follows: nt.] y grades - Pay grade adjustments when Temporary Employees were reduced from 16% in lieu of benefits to 12% in lieu of benefits [adjustments made in 1994 January 01 to 1996 December 31 Collective Agreeme - Step 6 to be created for the following individuals in the following occupations and subsequent pa only: − The following people were eligible for a Step 6 because of the elimination of pay grades 10 and 11: SCHEDULE “B” TO THE 2001 - 2003 COLLECTIVE AGREEMENT BETWEEN THE MUNICIPALITY AND THE ASSOCIATION SCHEDULE “B” TO THE 2001 - 2003 COLLECTIVE AGREEMENT BETWEEN THE MUNICIPALITY AND THE ASSOCIATION SCHEDULE “B” TO THE 2001 - 2003 COLLECTIVE AGREEMENT BETWEEN THE MUNICIPALITY AND THE ASSOCIATION SCHEDULE “B” TO THE 2001 - 2003 COLLECTIVE AGREEMENT BETWEEN THE MUNICIPALITY AND THE ASSOCIATION SCHEDULE “B” TO THE 2001 - 2003 COLLECTIVE AGREEMENT BETWEEN THE MUNICIPALITY AND THE ASSOCIATION
Sample 1

Related to Derivation of Bi-Weekly and Monthly Rates

  • Calculation of Charges Contractor shall provide an invoice to the City on a monthly basis for goods delivered and/or Services completed in the immediate preceding month, unless a different schedule is set out in Appendix B, “Calculation of Charges.” Compensation shall be made for goods and/or Services identified in the invoice that the City, in his or her sole discretion, concludes has been satisfactorily performed. In no event shall the amount of this Agreement exceed [insert whole dollar amount in numbers and words -- no pennies and no “.00”]. The breakdown of charges associated with this Agreement appears in Appendix B, “Calculation of Charges.” A portion of payment may be withheld until conclusion of the Agreement if agreed to by both Parties as retainage, described in Appendix B. In no event shall City be liable for interest or late charges for any late payments. City will not honor minimum service order charges for any services covered by this Agreement.

  • Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment Whether or not any Loans are outstanding, extend the Expiration Date or the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Commitment Fee or any other fee payable to any Lender, or reduce the principal amount of or the rate of interest borne by any Loan or reduce the Commitment Fee or any other fee payable to any Lender, without the consent of each Lender directly affected thereby;

  • FIXED RATES If a fixed rate is in this Agreement, it is based on an estimate of the costs for the period covered by the rate. When the actual costs for this period are determined, an adjustment will be made to a rate of a future year(s) to compensate for the difference between the costs used to establish the fixed rate and actual costs.

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