Interpretation and the Application of the Biweekly Pay System Sample Clauses

Interpretation and the Application of the Biweekly Pay System. To assure consistent application of terms and conditions contained in the Collective Agreement which are affected by the operation of biweekly pay the following conversion formula will apply, without limiting in any way existing entitlements (effective January 1, 1988).
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Interpretation and the Application of the Biweekly Pay System. The formula for paying biweekly or hourly rates is as follows: Annual Rate = biweekly rate 26.0892857 Monthly Rate x 12 Months = biweekly rate 26.0892857 Biweekly Rate = hourly rate 60/70 as applicable The daily rate shall be determined by multiplying the number of regular scheduled hours in the Employee's daily shift by the hourly rate. For the purposes of converting a biweekly rate to a monthly rate, the formula will be as follows: Biweekly rate x 26.0892857 When an article has a reference to payments at the "end of the month following the month" in which an event occurs, payment will be "at the end of the second pay period following the pay period" in which the event occurs. Similarly, a reference to payments on specified dates will mean payment on the closest pay period payday to the specified date.
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Related to Interpretation and the Application of the Biweekly Pay System

  • Interpretation of the Agreement The laws of the Commonwealth of Pennsylvania shall govern this Agreement.

  • Interpretation of Contract Documents The Contract Documents shall be construed neither against nor in favor of either party, but shall be construed in a neutral manner.

  • Construction and Interpretation Should any provision of this Agreement require judicial interpretation, the parties hereto agree that the court interpreting or construing the same shall not apply a presumption that the terms hereof shall be more strictly construed against one party by reason of the rule of construction that a document is to be more strictly construed against the party that itself, or through its agent, prepared the same, and it is expressly agreed and acknowledged that Company and Executive and each of his and its representatives, legal and otherwise, have participated in the preparation hereof.

  • Interpretation of Contract In the event of a conflict or question involving the provisions of any part of this Contract, interpretation and clarification as necessary shall be determined by the County’s assigned buyer. If disagreement exists between the Contractor and the County’s assigned buyer in interpreting the provision(s), final interpretation and clarification shall be determined by the County’s Purchasing Agent or his designee.

  • Interpretation of Agreement It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification to Indemnitee to the fullest extent now or hereafter permitted by law.

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