Lead Premium Sample Clauses
The Lead Premium clause defines the additional compensation paid to the lead insurer or underwriter in an insurance arrangement. This premium is typically calculated as a percentage of the total premium and is paid in recognition of the lead insurer's role in coordinating the policy, managing claims, and representing the interests of all participating insurers. By specifying the terms and amount of the lead premium, this clause ensures that the lead insurer is properly incentivized and compensated for their extra responsibilities, thereby promoting effective policy administration and risk management.
Lead Premium. Personnel who have been designated as a lead employee by their immediate supervisor, and who have functional responsibility for three (3) or more employees for a substantial portion of a shift, shall be paid an additional one dollar and eighty cents ($1.80) per hour for each hour spent in such capacity.
Lead Premium. Employees appointed to a Lead position by the Company shall receive a $1.75 per hour premium.
Lead Premium. A premium shall be paid to an employee who has been assigned to perform lead duties. Such duties may include assigning work, answering telephones, doing routine paperwork or directing the work force in the performance of normal duties. If such assignment is made, the District shall determine the appropriate classification needed for the lead duty. The assignment shall be made to the senior-most employee in that classification on the shift. The lead premium shall be ten (10) percent of the employee’s regular hourly rate and shall be paid for a minimum of two hours or the duration of the assignment, whichever is longer.
Lead Premium. The Employer in its sole discretion may: (1) establish lead position(s) for any job classification; (2) select employee(s) who will fill such lead position(s) after posting the lead position(s) pursuant to Article 15 (Job Posting and Promotions); (3) remove any employee from a lead position; and (4) discontinue the use of any lead position. Employees assigned to a lead position will receive a lead premium of seventy-five cents ($0.75) per hour above their base wage rate.
Lead Premium. An employee assigned as a lead under Article 5.5 shall receive one hundred thirty dollars ($130.00) per month in addition to their monthly rate of pay. Effective January 1, 2012, leads shall receive four hundred fifty dollars ($450.00) per quarter, prorated by FTE. The premium will be paid on the first payroll period that occurs after March 31, June 30, September 30 and December 31.
Lead Premium. (a) Ramp Lead agents will receive $2.75 per hour. All Ramp Leads shall be properly licensed and qualified to perform the towing of aircraft (does not require a “D” license) by January 1, 2015.
(b) All other Lead agents will receive $2.50 per hour
(c) Lead Premium will be paid at overtime rates when the Lead works overtime in that capacity;
(d) Ramp Leads will be eligible for ramp attendant overtime and Groomer Leads will be eligible for Groomer overtime at regular wages and will be offered in accordance with the overtime Article.
(e) Leads must successfully undergo the company’s Leadership program.
Lead Premium. Bargaining-unit employees who are designated by the Employer will receive a one (1) dollar premium for all hours worked as “team leaders” or “leads.”
Lead Premium. Leads shall receive a premium of fifty cents ($0.50) per hour.
Lead Premium. A temporary assignment to a lead position for 2 or more hours shall be compensated with the lead premium for all hours worked in that position. The lead premium shall be $1.25 per hour. Management reserves the right to make judgments about appropriate times and situations for lead premiums (i.e., the need for lead assignments) as well as the appropriate individual(s) to assign the lead duties to. The lead premium will contribute towards the regular rate of pay calculation for overtime.
Lead Premium. An assignment to a lead position for two (2) or more hours shall be compensated with a lead premium of three (3%) percent per hour, for all hours worked in that position. The Medical Center has discretion to determine who will be placed in a Lead position and/or will be eligible for the Lead assignment premium. The lead premium will contribute towards the regular rate of pay calculation for overtime. Employees who are permanently assigned to a lead role will receive the lead premium when taking PTO. Lead positions that are in a higher grade than non-lead positions in the same job family will not be eligible for lead premium assignment pay since compensation for lead duties are incorporated in employees’ base wage rate.