FREE TIME AND DEMURRAGE Sample Clauses

FREE TIME AND DEMURRAGE. Except as otherwise provided, as to all interchanged Equipment, the day of interchange and the first two days after the day of interchange will be free time during which no charge will be made for the use of the Equipment. In computing free time, Saturdays, Sundays and legal holidays will be excluded. When use charges are caused by the acts of a Customer, the appropriate delay, demurrage, detention or storage charges as outlined in this Agreement in ITL’s published rules will be assessed. These charges will be billed by ITL direct to the Customer separate from the normal freight handling charges. The Carrier shall not be responsible to ITL for any demurrage charges caused by the Customer and not within the reasonable control of the Carrier. Demurrage on Equipment shall be computed, applied, and paid, in accordance with ITL’s tariffs in ef- fect from time to time as of the date of loss or theft or disappearance of the Equipment. In any event, and whether a current tariff is in effect, Carrier will be charged demurrage by ITL for the period of time that ITL is deprived of the use of Equipment during the Carrier Period of Responsibility, and after the Equipment is lost or stolen or disappears during the Carrier Period of Responsibility, Carrier will also be charged demurrage by ITL for the period of time, after the loss or theft or disappearance of Equipment is reported to ITL, while ITL is awaiting settlement of its claim for loss or damage, and demurrage, from the Carrier or its insurance underwriters. Current demurrage charges per 24-hour period or fraction thereof are as follows: Days delayed by Carrier – all containers and trailers $100 Days delayed by Carrier – all chassis $15 Over 30 days – Stipulated Loss Value is due A) Ordinary Maintenance & Service Adjustment. Any ordinary maintenance and other service ad- justment to Equipment occasioned by ordinary use during the Carrier Period of Responsibility shall be absorbed by the Carrier when cost thereof does not exceed $50.00. When estimated cost thereof exceeds $50.00, authorization by the Maintenance Manager of ITL must be obtained prior to com- mencement of repairs. Authorized repair costs will be billed to ITL within 30 days from the date repairs were completed. Unauthorized bills will not be paid. All xxxxxxxx to ITL must be accompanied by original vendor invoices, repair invoices or approved documentation. B) Damages
Sample 1
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Related to FREE TIME AND DEMURRAGE

  • Paid Release Time Union stewards and officers will be granted a reasonable amount of time during their normal working hours to investigate and process grievances in accordance with Article 30,

  • One-Time Payment Tenant shall pay to Landlord a one-time payment in the amount of Fifty Thousand and No/100 Dollars ($50,000.00), payable within thirty (30) days of the Effective Date and subject to the following conditions precedent: (a) Tenant’s receipt of this Amendment executed by Landlord, on or before October 29, 2017; (b) Tenant’s confirmation that Landlord’s statements as further set forth in this Amendment are true, accurate, and complete, including verification of Landlord’s ownership; (c) Tenant’s receipt of any documents and other items reasonably requested by Tenant in order to effectuate the transaction and payment contemplated herein; and (d) receipt by Tenant of an original Memorandum (as defined herein) executed by Landlord.

  • Travel time allowance All employees shall be paid an allowance (See Appendix A) for each day on which they present themselves for work. The allowance shall also be paid for rostered days off.

  • Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.

  • Leisure Time Protected It is the intention of the parties that excessive overtime will not be worked. To this end the general standard of weekly hours will usually not be more than 56 per week (Monday to Saturday), provided that the aforesaid ‘usual weekly hours’ may, by agreement between the parties to this Agreement (such agreement to not be unreasonably withheld), be exceeded from time to time to meet the needs of the project, or a specific task on a project. In the absence of agreement at the site level, the parties agree that the matter will be subject to urgent and early review by senior company management, and the Union Secretary/s or deputy, with a view to ensuring compliance with the intentions of this provision. The intentions of the parties in this matter are: ⮚ The company is not restricted as to the setting of daily hours within the 56 hour standard;

  • Vacation; Paid Time Off During the Employment Term, the Executive shall be entitled to paid vacation in accordance with the Company’s vacation policies, as in effect from time to time. The Executive shall receive other paid time-off in accordance with applicable law and the Company’s policies for executive officers as such policies may exist from time to time.

  • Paid Time Off (PTO) During the Term, Executive shall be entitled to paid time off in accordance with Company’s policy in place from time to time; provided, however, that Executive shall be eligible to accrue no less than twenty (20) days per calendar year (with such amount prorated for the balance of 2017).

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  • Work Day and Work Week The normal work day shall consist of up to 8 hours of work within a 24-hour period. The normal work week shall consist of up to 40 hours of work within a 7-day period. The Employer may define the work week on an individual, department, shift or facility basis in accordance with Federal and State law.

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