Hire Rate. As full compensation for the performance by Owner of its obligations under this Charter, Hire shall accrue in accordance with this Article 8 commencing on the date and at the hour (GMT) *****. Hire shall continue to accrue until the date and hour (GMT) when the Vessel is redelivered to Owner under the terms of this Charter. Hire shall be paid at the rate (the “Hire Rate”) and in the manner provided for herein and in Schedule III.
Hire Rate. New hires will be paid on the applicable scale in Appendix B, provided that a worker is not paid more than other workers with the same or equivalent experience. After one year of service, and for each year thereafter up to the maximum number of steps, the worker shall move to the next step in the scale, except that there shall be no such step movement during the period from the effective date of this Agreement as set forth in Section 30.1 through September 30, 2001.
Hire Rate. All new employees in the bargaining unit shall be paid at the Hire Rate. Employees will move from the Hire Rate to the Job Rate upon completion of two (2) years of service. Job Rate All employees who are currently in the Job Rate or move into the Job Rate from the Hire Rate will remain at the Job Rate for the duration of this Agreement. Effective on the date set forth below, employees shall receive the following increases to their base rates of pay: Effective Date C03 Hire Rate C03 Job Rate C04 Hire Rate C04 Job Rate C05 Hire Rate C05 Job Rate 4/1/18 $25.04 $26.49 $28.39 $30.03 $32.49 $33.70 4/1/19 $25.67 $27.15 $29.10 $30.78 $33.30 $34.54 4/1/20 $26.31 $27.83 $29.83 $31.55 $34.13 $35.40 4/1/21 $26.97 $28.53 $30.58 $32.34 $34.98 $36.28 4/1/22 $27.64 $29.24 $31.34 $33.15 $35.85 $37.19 Longevity Pay Current employees who reach their anniversary date as outlined below will receive a one-time longevity payment, which shall be applied to their base pay. Such longevity payment will be paid at the beginning of the pay period following their anniversary date. No employee shall receive more than one longevity adjustment during the life of this Agreement. Employees hired after the ratification date of this Agreement will be eligible for longevity payments beginning with their 10-year anniversary date, which shall be applied to their base pay. Such longevity payments will be paid at the beginning of the pay period following their anniversary date. No employees shall receive more than one longevity adjustment during the life of this Agreement. Five (5) Years of Service $700.00 Ten (10) Years of Service $950.00 Fifteen (15) Years of Service $1200.00 Twenty (20) Years of Service $1450.00 Twenty-Five (25) Years of Service $1700.00 Any employee receiving a longevity adjustment as of the date of ratification in accordance with the terms of the prior Agreement shall have his/her rate adjusted to the rates herein as of the date of ratification. After twenty-five (25) years of service, and each fifth (5th) year of service following the twenty-fifth (25th) year, employees will receive the 25th year longevity.
Hire Rate. The hire rate is the cost of hire per unit detailed on the Order Conformation/Tax Invoice, calculated at a daily / weekly / monthly charge.
Hire Rate. The PLB is hired in week-long (7 day) blocks at a rate of $40 per week (eg. 1 week or less $40); (8-14 days $80). If GST is imposed on the hire fee then the Hirer must pay the amount of GST at the same time as paying the hire fee.
