General Formula Sample Clauses

General Formula. Upon a Participant's termination of employment with the Company and all Affiliates on or after his Normal Retirement Date for any reason other than Cause or death, the Participant shall be entitled to an Annual Retirement Benefit in an amount equal to the difference between the amount determined under subsection (a)(i) and the amount determined under subsection (a)(ii), as follows: (i) 60% of the Participant's Average Annual Compensation; and (ii) the Participant's Pension Plan Benefit.
AutoNDA by SimpleDocs
General Formula. 9.1 For Traineeships not covered by Schedule 2 the following formula for the calculation of wage rates shall apply: (a) The wage rate shall be pro rata of the full-time rates based on variation in the amount of training and/or the amount of work over the period of the traineeship which may also be varied on the basis of the following formula: Full-time Wage Rate x Trainee hours - average weekly training time (b) 28 in the above formula represents 35 ordinary full-time hours less the average training time for full-time employees (i.e. 20%) (c) Full-time wage rate means the appropriate rate as set out in Schedule 2 of this Agreement. (d) Trainee hours shall be the hours worked per week including the time spent in approved training (e) Average weekly training time is based upon the length of the traineeship specified in the traineeship agreement or training agreement as follows:
General Formula. For Traineeships not covered above the following formula for calculation of wage rates shall apply: The wage rate shall be pro-rata the full-time rates based on variation in the amount of training and/or the amount of work over the period of the Traineeship, which may also be varied on the basis of the following formula: Full-time wage rate x Trainee hours - average weekly training time 30.4* * Note: 30.4 in the above formula represents 38 ordinary full-time hours less the average training time for full-time Trainees (ie 20%). A pro-rata adjustment will need to be made in the case where the Award specifies different ordinary full-time hours: for example where the ordinary weekly hours are 40, 30.4 will be replaced by 32.
General Formula. 11.4.1 For Traineeships not covered by clause 11.2.1, the following formula for calculation of wage rates shall apply: (a) The wage rate shall be pro-rata the full-time rates based on variation in the amount of training and/or the amount of work over the period of the Traineeship which may also be varied on the basis of the following formula : *Note: 30.4 in the above formula represents 38 ordinary full-time hours less the average training time for full-time Trainees (i.e. 20%). A pro-rata adjustment will need to be made in the case where the Agreement specifies different ordinary full-time hours: for example where the ordinary weekly hours are 40, 30.4 will be replaced by 32. (i) Full-time wage rate means the appropriate rate as set out in clause 9.4, 9.5, 9.6 and 9.7 of this Appendix. (ii) Trainee hours shall be the hours worked per week including the time spent in Approved Training. (iii) Average weekly training time is based upon the length of the Traineeship specified in the Traineeship Agreement or Training Agreement as follows:
General Formula. 9.1 For Traineeships not covered by this Schedule the following formula for the calculation of wage rates shall apply: (a) The wage rate shall be pro rata of the full-time rates based on variation in the amount of training and/or the amount of work over the period of the traineeship which may also be varied on the basis of the following formula: Full-time Wage Rate x Trainee hours - average weekly training time (b) 28 in the above formula represents 35 ordinary full-time hours less the average training time for full-time Employees (i.e. 20%). (c) Full-time wage rate means the appropriate rate as set out in Schedule 3 of this Agreement. (d) Trainee hours shall be the hours worked per week including the time spent in approved training. (e) Average weekly training time is based upon the length of the traineeship specified in the traineeship agreement or training agreement as follows:
General Formula. 11.4.1 For traineeships not covered by S6. 11.2.1 the following formula for calculation of wage rates shall apply:
General Formula. 11.4.1 For traineeships not covered by S6. 11.2.1 the following formula for calculation of wage rates shall apply: The wage rate shall be pro-rata the full-time rates based on variation in the amount of training and/or the amount of work over the period of the traineeship, which may also be varied on the basis of the following formula: Full-time wage rate x Trainee hours - average weekly training time 30.4* * Note: 30.4 in the above formula represents 38 ordinary full-time hours less the average training time for full-time trainees (i.e. 20%). A pro-rata adjustment will need to be made in the case where the Agreement specifies different ordinary full-time hours: for example where the ordinary weekly hours are 40, 30.4 will be replaced by 32.
AutoNDA by SimpleDocs

Related to General Formula

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Definition of Regular Straight Time Rate of Pay The regular straight time rate of pay is that prescribed in wage schedule of the Collective Agreement.

  • Xxxxxx Limitation The Service reserves the right to refuse to pay any Xxxxxx to whom you may direct a payment. As required by applicable law, the Service will notify you promptly if it decides to refuse to pay a Xxxxxx designated by you. as set forth in Section 13 of the General Terms (Prohibited Payments) or an Exception Payment under this Agreement.

  • Contribution Formula Dental Coverage Faculty Member Coverage. For faculty member dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the faculty member premium of the State Dental Plan, or the actual faculty member premium of the dental plan chosen by the faculty member. However, for calendar years beginning January 1, 2006, and January 1, 2007, the minimum employee contribution shall be five dollars ($5.00) per month.

  • Rates Applicable After Default Notwithstanding anything to the contrary contained in Section 2.9 or 2.10, during the continuance of a Default or Unmatured Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring consent of affected Lenders to changes in interest rates), declare that no Advance may be made as, converted into or continued as a LIBOR Rate Advance. During the continuance of a Default the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.2 requiring consent of affected Lenders to changes in interest rates), declare that (i) each LIBOR Rate Advance shall bear interest for the remainder of the applicable Interest Period at the LIBOR Rate otherwise applicable to such LIBOR Rate Advance for such Interest Period plus 4% per annum and (ii) each Floating Rate Advance shall bear interest at a rate per annum equal to the Floating Rate otherwise applicable to the Floating Rate Advance plus 4% per annum; provided, however, that the Default Rate shall become applicable automatically if a Default occurs under Section 7.1 or 7.2, unless waived by the Required Lenders.

  • Force Xxxxxx The Escrow Agent shall not be responsible for any failure or delay in the performance of its obligations under this Agreement arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including without limitation, acts of God, earthquakes, fires, floods, wars, civil or military disturbances, sabotage, epidemics, riots, interruptions, loss or malfunctions of utilities, computer (hardware or software) or communication service, accidents, labor disputes, acts of civil or military authority, or governmental actions.

  • When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • Measuring EPP parameters Every 5 minutes, EPP probes will select one “IP address” of the EPP servers of the TLD being monitored and make an “EPP test”; every time they should alternate between the 3 different types of commands and between the commands inside each category. If an “EPP test” result is undefined/unanswered, the EPP service will be considered as unavailable from that probe until it is time to make a new test.

  • Commercial Price List Reductions Where NYS Net Prices are based on a discount from Contractor’s list prices, price decreases shall take effect automatically during the Contract term and apply to Purchase Orders submitted on or after the date Contractor lowers its pricing to its customers generally or to similarly situated government customers during the Contract term; or

  • Determination of One-Month LIBOR Pursuant to the terms of the Global Agency Agreement, the Global Agent shall calculate the Class Coupons for the applicable Classes of Notes (including MAC Notes on which the Exchange Administrator has directed the Global Agent to make payments) for each Accrual Period (after the first Accrual Period) on the applicable LIBOR Adjustment Date. U.S. dollar deposits with a maturity of one month set by ICE Benchmark Administration Limited (“ICE”) as of 11:00 a.m. (London time) on the LIBOR Adjustment Date (the “ICE Method”). ICE’s Interest Settlement Rates are currently displayed on Bloomberg L.P.’s page “BBAM.” That page, or any other page that may replace page BBAM on that service or any other service that ICE nominates as the information vendor to display the ICE’s Interest Settlement Rates for deposits in U.S. dollars, is a “Designated Page.” ICE’s Interest Settlement Rates currently are rounded to five decimal places. If ICE’s Interest Settlement Rate does not appear on the Designated Page as of 11:00 a.m. (London time) on a LIBOR Adjustment Date, or if the Designated Page is not then available, One-Month LIBOR for that date will be the most recently published Interest Settlement Rate. If ICE no longer sets an Interest Settlement Rate, Xxxxxxx Mac will designate an alternative index that has performed, or that Xxxxxxx Mac (or its agent) expects to perform, in a manner substantially similar to ICE’s Interest Settlement Rate.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!