Holiday Pay Computation Sample Clauses

Holiday Pay Computation. (a) For a full-time employee, a holiday shall be paid on the basis of an eight (8) hour work day and at the rate of pay in effect at the time of the holiday.
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Holiday Pay Computation. Full‐time employees shall receive sixty (60) hours (pro‐rated for part‐time employees) holiday pay per calendar year. For part‐time employees, the proration will be based on their existing scheduled part‐time status. Effective 06/19/22, Full‐time employees shall receive sixty‐seven and one‐half (67.5) hours (pro‐rated for part‐time employees) holiday pay per calendar year. For part‐time employees, the proration will be based on their existing scheduled part‐time status. A holiday calendar will be distributed at the beginning of each calendar year. If an employee’s health center is not scheduled to be open on a holiday (usually a Monday holiday), or if the employee is not scheduled to work on a day that is a holiday, they will be paid for that holiday based on their employment status. Maximum holiday pay per year is sixty (60) hours for full‐ time employees.
Sample 1
Holiday Pay Computation. A. Holiday pay for a hourly employee shall be computed by multiplying his applicable hourly rate by eight (8); provided, that in the case of employees assigned to an alternative work week under Article V, Section 1, Paragraph B, of this Agreement, the hourly rate shall be multiplied by the number of regularly- scheduled daily hours worked by such employees if the holiday falls on one of their regularly-scheduled work days.
Sample 1
Holiday Pay Computation. If employees work one of the above holidays, they will be paid their regular straight-time rate of pay for each hour of work performed and in addition, will receive the holiday pay. Holiday pay will not be used in computing overtime. An employee must work if scheduled or else forfeit holiday pay, unless absent for the reasons described in (a) above.
Sample 1
Holiday Pay Computation 
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Related to Holiday Pay Computation

  • Interest Computation In computing interest on the Obligations, all checks, wire transfers and other items of payment received by Silicon (including proceeds of Receivables and payment of the Obligations in full) shall be deemed applied by Silicon on account of the Obligations three Business Days after receipt by Silicon of immediately available funds, and, for purposes of the foregoing, any such funds received after 12:00 Noon on any day shall be deemed received on the next Business Day. Silicon shall not, however, be required to credit Borrower's account for the amount of any item of payment which is unsatisfactory to Silicon in its sole discretion, and Silicon may charge Borrower's loan account for the amount of any item of payment which is returned to Silicon unpaid.

  • Payments, Computations, etc (a) Except as otherwise specifically provided herein, all payments hereunder shall be made to the Administrative Agent in dollars in immediately available funds, without offset, deduction, counterclaim or withholding of any kind, at the Administrative Agent’s office specified in Schedule 10.1 not later than 4:00 P.M. on the date when due. Payments received after such time shall be deemed to have been received on the next succeeding Business Day. The Administrative Agent may (but shall not be obligated to) debit the amount of any such payment which is not made by such time to any ordinary deposit account of the Borrower maintained with the Administrative Agent (with notice to the Borrower). The Borrower shall, at the time it makes any payment under this Credit Agreement, specify to the Administrative Agent the Loans, Fees, interest or other amounts payable by the Borrower hereunder to which such payment is to be applied (and in the event that it fails so to specify, or if such application would be inconsistent with the terms hereof, the Administrative Agent shall distribute such payment to the Lenders in such manner as the Administrative Agent may determine to be appropriate in respect of obligations owing by the Borrower hereunder, subject to the terms of Section 3.12(a)). The Administrative Agent will distribute such payments to such Lenders, if any such payment is received prior to 12:00 Noon on a Business Day in like funds as received prior to the end of such Business Day and otherwise the Administrative Agent will distribute such payment to such Lenders on the next succeeding Business Day. Whenever any payment hereunder shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day (subject to accrual of interest and Fees for the period of such extension), except that in the case of Eurodollar Loans, if the extension would cause the payment to be made in the next following calendar month, then such payment shall instead be made on the next preceding Business Day. Except as expressly provided otherwise herein, all computations of interest and fees shall be made on the basis of actual number of days elapsed over a year of 360 days, except with respect to computation of interest on Base Rate Loans which shall be calculated based on a year of 365 or 366 days, as appropriate. Interest shall accrue from and include the date of borrowing, but exclude the date of payment.

  • Payment; Interest Computation Interest is payable monthly on the first calendar day of each month and shall be computed on the basis of a 360-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

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