Index and indexed compensation Sample Clauses

Index and indexed compensation. Insurance amounts are according to the consumer price index for indexation, which is in force from 1 May 2015 (426.4 points) and which changes on the first day of each month in direct proportion to changes in the index. Compensation amounts are calculated on the basis of insurance amounts on the day of the accident, but they change with the consumer price index for indexation as follows: Compensation amounts change in direct proportion to changes in the index from the day of the accident until the day of settlement.
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Related to Index and indexed compensation

  • Extra Compensation 1. CTSO Advisors will be paid twenty-five ($25) per hour (capped at eight (8) hours per day) for non-discretionary CTSO activities (e.g., conferences, conventions, and competitions) involving students on days not scheduled as part of the regular school year calendar.

  • Holiday Compensation 1. Those employees working a five-day per week schedule with Saturdays and Sundays as normal days off shall receive cash payment for eight (8) hours per holiday subject to the conditions of this article.

  • SALARY RATES Section 12.1 The following shall apply to full-time employees:

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