DOWN TIME COMPENSATION Sample Clauses

DOWN TIME COMPENSATION. 11.1. If the Service (excluding any third party services used in conjunction with the Service) will not be operational and available to You at least 99.9% of the time in any calendar month, You will be eligible to receive the Service Credits as described below.
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DOWN TIME COMPENSATION. 1. The Service Provider shall depute their Service Engineer to the Service Receiver premise Immediately but not later than 48 [Forty-Eight] Hours on receipt of the call from the Focal Point.
DOWN TIME COMPENSATION. In case the maintenance/breakdown is not attended in time, down‐time compensation at the rate of 0.5% of the order value per week shall be recovered from the contractor. The reasons for non-attending the maintenance calls in time shall be informed to the division within 12 hours and if the reasons are genuine and convincing, the Engineer in-charge of AMC and Facility In-charge of crane/crane custodian shall mutually certify service report condoning the delay with the approval of Division Head. The total amount of compensation for delay to be paid under this condition shall not exceed 10% of the maintenance value of the particular crane. ie., In case the break-down calls are not attended in time, i.e., within 24 hours of our intimation, down-time compensation at the rate of 0.5% of the Annual Maintenance Charges per day shall be recovered from you subject to a maximum of 5%.

Related to DOWN TIME COMPENSATION

  • Overtime Compensation (a) Overtime worked shall be compensated at the following rates:

  • Overtime/Compensatory Time Overtime shall be paid for all hours worked in excess of the regularly scheduled workday. Compensatory time may be earned, in lieu of overtime, with prior mutual agreement between the employee and employer, for overtime hours or hours earned under 18.7 or 18.8 of this article. In no case will compensatory time be allowed, in lieu of overtime once the employee has reached the compensatory time limit in 18.10. Upon separation from employment, employees will be paid for any unused compensatory time.

  • Monthly Salary The words “monthly salary” when used in this Agreement shall mean: (Bi-weekly pay at regular rate of pay times 26.1) divided by 12 = monthly salary

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

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