Entitlement and Calculation of Payment Full Sample Clauses

Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of the end of the vacation year shall be entitled to three (3) weeks annual vacation. Payment for such vacation shall be prorated in accordance with his service. An employee who has completed one (1) year but less than three (3) years of continuous service as of the end of the vacation year shall be entitled to three (3) weeks’ annual vacation with pay. An employee who has completed three (3) years but less than thirteen (13) years of continuous service as of the end of the vacation year shall be entitled to four
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of the end of the vacation year shall be entitled to two (2) weeks annual vacation. Payment for such vacation shall be prorated in accordance with his service. An employee who has completed one (1) year but less than two (2) years of continuous service as of the end of the vacation year shall be entitled to two (2) weeks annual vacation with pay. An employee who has completed two (2) years but less than five (5) years of continuous service as of the end of the vacation year shall be entitled to three (3) weeks of annual vacation with pay. An employee who has completed five (5) years but less than thirteen (13) years of continuous service as of the end of the vacation year shall be entitled to four (4) weeks of annual vacation with pay. An employee who has completed thirteen (13) years but less than twenty-one (21) years of continuous service as of the end of the vacation year shall be entitled to five (5) weeks of annual vacation with pay. An employee who has completed twenty-one (21) years but less than twenty-eight (28) years of continuous service as of the end of the vacation year shall be entitled to six (6) weeks annual vacation with pay. An employee who has completed twenty-eight (28) years of continuous service as of the end of the vacation year shall receive seven (7) weeks annual vacation with pay. Vacation pay shall be calculated on the basis of the employee’s regular straight time rate of pay times their normal weekly hours or work, subject to the application of the Effect of Absence provision. Part-Time A part-time employee who has completed less than 3,450 hours of continuous service as of December 31st shall receive 4% of gross earnings. A part-time employee who has completed 3,450 hours but less than 8,625 hours of continuous service as of December 31st shall receive 6% of gross earnings. A part-time employee who has completed 8,625 hours but less than 22,425 hours of continuous service as of December 31st shall receive 8% of gross earnings. A part-time employee who has completed 22,425 hours but less than 36,225 hours of continuous service as of December 31st shall receive 10% of gross earnings. An employee who has completed 36,225 hours but less than 48,300 hours of continuous service as of December 31st shall receive 12% of gross earnings. An employee who has completed 48,300 hours of continuous service as of December 31st shall receive 14% of gross earning...
Sample 1Sample 2See All (6)
Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of the end of the vacation year shall be entitled to two (2) weeks annual vacation. Payment for such vacation shall be prorated in accordance with his service. An employee who has completed one (1) year but less than two (2) years of continuous service as of the end of the vacation year shall be entitled to two (2) weeks annual vacation with pay. An employee who has completed two (2) years but less than five (5) years of continuous service as of the end of the vacation year shall be entitled to three (3) weeks of annual vacation with pay. An employee who has completed five (5) years but less than thirteen (13) years of continuous service as of the end of the vacation year shall be entitled to four
Sample 1See All (4)
Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of the anniversary date of hire shall be entitled to weeks' annual vacation. Payment for such vacation shall be pro-rated in accordance with service. employee who has completed one year but less than two (2) years of continuous service as of the anniversary date of hire shall be entitled two (2) weeks' annual vacation with pay. An employee who has completed two (2) years but less than five years of continuous service as of the anniversary date of hire shall be entitled to three (3) annual vacation with pay. An employee who has completed five years but less than fourteen (14) years of continuous service as of the anniversary date of hire shall be entitled to four weeks' annual vacation with pay. employee who has completed fourteen (14) years but less than twenty-two (22) years of continuous service as of the anniversary date of hire shall be entitled to five (5) weeks' annual vacation with pay. Note: Effective October an employee who has completed thirteen
Sample 1
Entitlement and Calculation of Payment Full. Time An employee who has completed less than one (1) year of continuous service as of April shall be entitled to two (2) weeks’ annual vacation. Payment for such vacation shall be prorated in accordance with service. An employee who has completed one (1) year but less than two (2) years of continuous services as of April shall be entitled to two (2) weeks’ annual vacation with pay. An employee who has completed two (2) years but less than (5) years of continuous service as of April shall be entitled to three (3) weeks’ annual vacation with pay. An employee who has completed five (5) years but less than years of continuous service as of April shall be entitled to four (4) weeks’ annual vacation with pay. Vacation pay shall be calculated on the basis of the employees’ regular straight rate of pay times their normal weekly hours of work, subject to the application of the Effect of Absence provision. Part-Time A part-time employee who has completed less than hours of continuous services as of May shall receive of gross earnings. A part-time employee who has completed hours but less than hours of continuous service as of May shall receive of gross earnings. A part-time employee who has completed hours but less than hours of continuous service as of May shall receive of gross earnings. For the purpose of this Article, gross earnings include, in part, percentage in lieu of benefits and exclude vacation pay. Employees hired prior to October IO, will be credited with the service they held under the Agreement expiring November Leave of Absence Vacation I-Time Where an employee's scheduled vacation is interrupted due to serious illness, which either commenced prior to or during the scheduled vacation period, the period of such illness shall be considered sick leave. Serious illness is defined as an illness that requires the employee to receive on- going medical care and/or treatments resulting in either hospitalization or which would confine the employee to their residence or to bed rest for more than three days. The portion of the employee's vacation that is deemed to be sick leave under the above provision will not be counted against the employee's vacation credits. Vacation See the Local Provisions Appendix
Sample 1

Related to Entitlement and Calculation of Payment Full

  • Entitlement and Calculation of Payment Subject to maintaining any superior conditions concerning entitlement, vacation entitlement shall be as follows: An employee who has completed less than one year of continuous service as of his anniversary date of hire shall be entitled to two annual vacation. Payment for such vacation shall be prorated in accordance with his/her service. An employee who has completed one year but less than three years of continuous service as of his anniversary date of hire shall be entitled to two weeks' annual vacation with pay. An employee who has completed three years but less than eight years of continuous service as of his anniversary date of hire shall be entitled to three weeks' annual vacation with Effective in the vacation year where the date for determining vacation entitlement in the individual Hospital falls on or after January the service requirement for three weeks vacation shall be two or more years of full-time continuous service. An employee who has completed eight years but less than fifteen years of continuous service as of his anniversary date of hire shall be entitled to four annual vacation with Effective in the vacation year where the date for determining vacation entitlement in the individual Hospital falls on or after January the service requirement for four weeks vacation shall be six or more years of full-time continuous service. Effective in the vacation year where the date for determining vacation entitlement falls on or after January the service requirement for four weeks vacation shall be five or more years of full-time continuous service. An employee who has completed fifteen years but less than twenty-five years of continuous service as of his anniversary date of hire shall be entitled to five annual vacation with pay. An employee who has completed twenty-five or more years of continuous service as of his anniversary date of hire shall be entitled to six weeks annual vacation with pay. Vacation pay shall be calculated on the basis of the employees' regular straight time rate of pay times their normal weekly hours of work, subject to the application of the Effect of Absence provision.

  • Calculation of Payments The State shall use the fee schedule set forth in Attachment E to the contract (Fee Schedule) in determining the value of the work performed up to the time of termination. In the case of partially completed engineering services, eligible costs will be calculated as set forth in Attachment E, Fee Schedule. The sum of the provisional overhead percentage rate for payroll additives and for general and administrative overhead costs during the years in which work was performed shall be used to calculate partial payments. Any portion of the fixed fee not previously paid in the partial payments shall not be included in the final payment.

  • Termination of Payments Notwithstanding section 2.2, no payments shall be due to Purchaser afler Purchaser has received an aggregate amount under this Note, including payments made by the Company pursuant to section 2.3, equal to (i) the Principal Amount (as defined in the Investor Information Sheet above), multiplied by (ii) the Maximum Payment Multiple. We refer to the result of this multiplication as the “Maximum Payment Amount.”

  • Netting of Payments Subparagraph (ii) of Section 2(c) of this Agreement will apply to Transactions entered into under this Agreement unless otherwise specified in a Confirmation.

  • Calculation of Pay Each institution will review its division of annual pay into pay periods to ensure that employees receive the full or pro-rated (as applicable) gross annual salary in the Provincial Salary Scale in Appendix A.

  • Verification of payment claims Project promoters shall submit interim and final project reports containing information on project progress and incurred expenditure. In line with point i) of Article 5.6.2 of the Regulation incurred expenditure reported shall be subject to administrative verifications before the report is approved. Verifications to be carried out shall cover administrative, financial, technical and physical aspects of projects, as appropriate, and be in accordance with the principle of proportionality. Examination of proof of expenditure related to the administrative verifications may be carried out on a sample basis. Additionally, in line with point ii) of Article 5.6.2 of the Regulation on–the-spot verifications of projects, which may be carried out on a sample basis, shall be carried out. The detailed procedure for verification will be further detailed in the description of the Programme Operator’s management and control systems.

  • ALLOCATION OF PAYMENTS The Assignor and the Assignee agree that (i) the Assignor shall be entitled to any payments of principal with respect to the Assigned Interest made prior to the Assignment Date, together with any interest and fees with respect to the Assigned Interest accrued prior to the Assignment Date, (ii) the Assignee shall be entitled to any payments of principal with respect to the Assigned Interest made from and after the Assignment Date, together with any and all interest and fees with respect to the Assigned Interest accruing from and after the Assignment Date, and (iii) the Agent is authorized and instructed to allocate payments received by it for account of the Assignor and the Assignee as provided in the foregoing clauses. Each party hereto agrees that it will hold any interest, fees or other amounts that it may receive to which the other party hereto shall be entitled pursuant to the preceding sentence for account of such other party and pay, in like money and funds, any such amounts that it may receive to such other party promptly upon receipt.

  • Condition of Payment All services provided by the Contractor under this Contract must be performed to the State’s reasonable satisfaction, as determined at the discretion of the undersigned State representative and in accordance with all applicable federal, state, local laws, ordinances, rules and regulations. The State shall not be required to pay for work found to be unsatisfactory, inconsistent with this Contract or performed in violation of any federal, state or local statute, ordinance, rule or regulation.

  • Notice of Payment of Termination Payment As soon as practicable after a liquidation, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten (10) Business Days after such Notice is effective.

  • Calculation of Termination Payment If an Early Termination Date has been declared, the Non-Defaulting Party shall calculate, in a commercially reasonable manner, the Termination Payment in accordance with this Section 10.3.

Time is Money Join Law Insider Premium to draft better contracts faster.