Leave Rate Sample Clauses

Leave Rate. Unless otherwise specified, the leave rate for operators will be calculated as 1/6 of 1/52 of their earnings during the previous 12 calendar months. Any operator off for 30 consecutive days or more without pay because of illness, workers’ compensation injury, furlough, or any new operator with less than one year of service will have their leave rate calculated on a prorated basis, based only on actual weeks worked in the previous 12 calendar months. Missed earnings will mean the amount of earnings that an employee would have normally earned on a regularly scheduled workday. Employees are not entitled to missed earnings for any scheduled day off. The leave rate for maintenance employees is calculated as eight hours’ pay at the applicable hourly rate.
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Leave Rate. The leave described under all sections of Item 17 will be paid under Appendix 3Rates Of Pay
Leave Rate. Unless otherwise specified, the leave rate for operators will be calculated as 1/6 of 1/52 of their earn- ings during the previous 12 calendar months. Any operator off for 30 consecutive days or more without pay because of illness, workers’ compensation injury, furlough, or any new operator with less than one year of service will have their leave rate calculated on a prorated basis, based only on actual weeks worked in the previous 12 calendar months. Missed earnings will mean the amount of earnings that an em- ployee would have normally earned on a regularly scheduled work- day. For regular operators, missed earnings will include all pay items applicable to the run (signon/signoff, fueling, garage, minimum day guarantee, etc.) Employees are not entitled to missed earnings for any scheduled day off. The leave rate for maintenance employees is calculated as eight or ten hours’ pay, according to the bid schedule, at the applicable hourly rate. Maintenance employees who are currently on leave and have been on leave for 180 days or more will have a Leave Rate of $0.00.

Related to Leave Rate

  • Base Rate The greater of (a) the variable annual rate of interest announced from time to time by Agent at Agent's Head Office as its "prime rate" or (b) one-half of one percent (0.5%) above the Federal Funds Effective Rate (rounded upwards, if necessary, to the next one-eighth of one percent). The Base Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Any change in the rate of interest payable hereunder resulting from a change in the Base Rate shall become effective as of the opening of business on the day on which such change in the Base Rate becomes effective, without notice or demand of any kind.

  • Alternate Rate of Interest If prior to the commencement of any Interest Period for a Eurodollar Borrowing:

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