License Premium Sample Clauses

License Premium. Employees assigned to a job classification which requires a license as a condition of employment, shall receive an hourly premium for the required license in accordance with the following: 7/1/2024 Chief's License $1.50 1st Class License $1.35 2nd Class License $1.20 Certified Pool Operators License $0.90 Special License at Liberty Ridge Site 2 $0.50 Employees of record on July 24, 1986, shall not lose license pay as a result of the foregoing unless they voluntarily bid for and are awarded a job requiring a lower license.
Sample 1
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License Premium. (1) Employees in the Maintenance Control Technician classification will receive the following license premium for holding both FAA Airframe and FAA Power Plant Licenses: (a) Effective March 01, 2003, the employee will receive $5.00 per hour. (2) Effective March 01, 2001 License premium pay will be compounded in the computation of overtime rates and for those employees retiring, license premium pay will be included in the pensionable earnings of those employees.
Sample 1
License Premium. A license premium shall be paid to eligible employees in the Utilities Department. The premiums shall be paid for the highest license held by the employee: S-4 $400 S-3 $700 S-2 & Above $1,100 The License Premium shall be paid annually during the month of December. It will be prorated for the months worked while holding the license in the Utilities Department for the calendar year. If an employee is on layoff or leave of absence for thirty (30) days or more, the license premium will be prorated. Any employee having a license who is no longer in the classification on December 1st of the calendar year, or who is no longer an employee on the date the premium is paid, shall not receive any part of the year. An employee qualifying for and receiving the initial license during the year shall have the license premium prorated from the date of examination based on 1/12th of the premium for each month from the date the employee earned the license. Any employee holding the classification of Field Tech II, or higher, must have a S-4 license within eighteen (18) months from the date of becoming a Field Tech II, or the date of this agreement, whichever is later.
Sample 1
License Premium. Effective August 1, 1999: $1.00 per license. Effective August 1, 2000: $1.50 per license.
Sample 1
License Premium. License premiums shall be as follows: S-3 / X-0 / X $0000 X-0 / X-0 / X $1250 S-1 / F-1 / A $1500 (a) The license premium shall be paid annually the first pay day in December as a part of their regular payroll check. It is understood that the license premiums for the Water Plant (i.e. F1, 2, 3, or 4) apply to Water Plant employees only, Waste-Water Plant licenses (i.e. A, B, C, or D) apply to Waste-Water employees only, and O & M licenses (i.e. S1, 2, 3, or 4) apply to O & M employees only. License premiums will be paid based upon the license held on the first pay day in December. Employees passing their exam in November will be paid the difference between the previous license held and the new license during the earliest possible payroll period after being notified of passing the exam. All licenses for the above-named departments must be obtained within 3 test cycles after qualifying to take the exam (i.e. Employees will only be afforded 3 opportunities to pass the exam). Failure to obtain such license within 3 test cycles will result in loss of employment. (b) Any employee having a license(s) who leaves during the year, including leaving the classification, and is not a regular employee as of the first pay period in December shall not receive any part of the premium pay. (c) A retiring employee shall not be under provisions of Section 3(b) of License Premiums and shall receive any earned License Premium pro-rated to the date of his retirement on a calendar year basis. (d) It is understood that the license premium only applies while the employee with the license is working in the classification of plant operator, Mechanic relief operator, Plant Mechanic, or O & M Operator III & IV.
Sample 1
License Premium. It is the understanding by both Parties that a Provincial Class 3Q Driver’s License (which includes an airbrake endorsement) is no longer a requirement by the Company, however any employee that was receiving the twenty- five cents ($0.25) per hour 3Q license premium prior to May 3rd, 2022 will continue to receive said premium, which will be added to the base rate throughout the life of this Agreement. SIGNED THIS DAY OF 2022
Sample 1
License Premium. ‌ In the event an employee receives a Marriage Family Therapist (MFT) or Licensed Clinical Social Worker (LCSW) license, the employee will receive two (2) dollars an hour more on an hourly basis. This increase will take effect upon ratification of the Agreement, and will be available for all unlicensed staff currently employed or newly hired unlicensed staff.
Sample 1
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Related to License Premium

  • Overtime Premium a) Time and one-half (1/2) shall be paid as follows: 1) For all hours worked over 8 (eight) hours per day. 2) For all hours worked over 40 (forty) hours per week. 3) For all hours worked on Sunday, unless part of the employees regularly scheduled workweek. b) Double time plus holiday pay shall be paid for all hours worked on holidays that are defined in this Agreement.

  • Personal Property Reimbursement Employees shall, in proper cases, be reimbursed for the repair or replacement of personal property damaged in the line of duty without fault of the employee. The amount of reimbursement for articles of clothing shall be the depreciated value based on the age and condition of the article. Reimbursement for a watch shall be limited to the functional value of the watch.

  • Shift Premium Effective July 1, 2020, an employee shall be paid a shift premium of ninety-five cents (95c/ ) per hour for each hour worked between 1500 hours and 0700 hours provided that such hours exceed two (2) hours if worked in conjunction with the day shift.

  • Reimbursement Premium (a) If the Company writes Covered Policies before June 1 of the Contract Year, the Company shall pay the FHCF its Reimbursement Premium in installments due on or before August 1, October 1, and December 1 of the Contract Year in amounts to be determined by the FHCF. However, if the Company’s Reimbursement Premium for the prior Contract Year was less than $5,000, the Company’s full provisional Reimbursement Premium, in an amount equal to the Reimbursement Premium paid in the prior year, shall be due in full on or before August 1 of the Contract Year. the Company will be invoiced for amounts due, if any, beyond the provisional Reimbursement Premium payment, on or before December 1 of the Contract Year. (b) If the Company is under administrative supervision, or if any control or oversight of the Company has been transferred through any legal or regulatory action to a state regulator or court appointed receiver or rehabilitator (referred to in the aggregate as “state action”): 1. The full annual provisional Reimbursement Premium as billed and any outstanding balances will be due and payable on August 1, or the date that such State action occurs after August 1 of the Contract Year. 2. Failure by such Company to pay the full annual provisional Reimbursement Premium as specified in subparagraph 1. by the applicable due date shall result in the 45% Coverage Level being deemed for the complete Contract Year regardless of the level selected for the Company through the execution of this Contract and regardless of whether a Covered Event occurred or triggered coverage. 3. Subparagraphs 1. and 2. do not apply if the state regulator, receiver, or rehabilitator provides a letter of assurance to the FHCF stating that the Company will have the resources and will pay the full Reimbursement Premium for the Coverage Level selected through the execution of this Contract. 4. When control or oversight has been transferred, in whole or in part, through a legal or regulatory action, the controlling management of the Company shall specify by August 1 or as soon thereafter as possible (but not to exceed two weeks after any regulatory or legal action) in a letter to the FHCF as to the Company’s intentions to either pay the full FHCF Reimbursement Premium as specified in subparagraph 1., to default to the 45% Coverage Level being deemed as specified in subparagraph 2., or to provide the assurances as specified in subparagraph 3. (c) A New Participant that first begins writing Covered Policies on or after June 1 but prior to December 1 of the Contract Year shall pay the FHCF a provisional Reimbursement Premium of $1,000 no later than 30 days from the date the New Participant began writing Covered Policies. The Administrator shall calculate the Company's actual Reimbursement Premium for the period based on its actual exposure as of November 30 of the Contract Year, as reported on or before February 1 of the Contract Year. To recognize that New Participants have limited exposure during this period, the actual Reimbursement Premium as determined by processing the Company's exposure data shall then be divided in half, the provisional Reimbursement Premium shall be credited, and the resulting amount shall be the total Reimbursement Premium due for the Company for the remainder of the Contract Year. However, if that amount is less than $1,000, then the Company shall pay $1,000. The Reimbursement Premium payment is due no later than April 1 of the Contract Year. The Company’s Retention and coverage will be determined based on the total Reimbursement Premium due as calculated above. (d) A New Participant that first begins writing Covered Policies on or after December 1 through and including May 31 of the Contract Year shall pay the FHCF a Reimbursement Premium of $1,000 no later than 30 days from the date the New Participant began writing Covered Policies. (e) The requirement that the Reimbursement Premium is due on a certain date means that the Reimbursement Premium shall be remitted by wire transfer or ACH and shall have been credited to the FHCF’s account, as set out on the invoice sent to the Company, on the due date applicable to the particular installment. (f) Except as required by Section 215.555(7)(c), Florida Statutes, or as described in the following sentence, Reimbursement Premiums, together with earnings thereon, received in a given Contract Year will be used only to pay for Losses attributable to Covered Events occurring in that Contract Year or for Losses attributable to Covered Events in subsequent Contract Years and will not be used to pay for past Losses or for debt service on post-event revenue bonds issued pursuant to Section 215.555(6)(a)1., Florida Statutes. Reimbursement Premiums and earnings thereon may be used for payments relating to such revenue bonds in the event emergency assessments are insufficient. If Reimbursement Premiums or earnings thereon are used for debt service on post- event revenue bonds, then the amount of the Reimbursement Premiums or earnings thereon so used shall be returned, without interest, to the Fund when emergency assessments or other legally available funds remain available after making payment relating to the post-event revenue bonds and any other purposes for which emergency assessments were levied.

  • Short Changeover Premium (a) If shifts are scheduled so that there are not 24 hours between the start of an employee's shift and the start of their next shift, a premium calculated at the overtime rates will be paid for hours worked on the succeeding shift within the 24-hour period. (b) Where an employee exercises seniority rights to work shifts, one of which falls within the 24-hour period from the start of the previous shift, the employee shall not be entitled to claim the premium rate referred to in (a) above.

  • REINSURANCE PREMIUM The YRT Reinsurance Premium for each coverage shall equal (i) x (ii) x (iii) / 1,000, where:

  • Night Premium For all time worked by employees, after 7 p.m. and before 7 a.m., by employees hired on or before August 5, 2005, a premium of twenty-five cents (25¢) per hour shall be paid.

  • Interest Subsidy and Special Allowance Payments and Rebate Fees The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Additional Loan or Substituted Loan accruing up to but not including the related Subsequent Cutoff Date and shall be responsible for the payment of any rebate fees applicable to such Purchased Loans subject to the related Xxxx of Sale accruing up to but not including the related Subsequent Cutoff Date. The Purchaser and the Eligible Lender Trustee on behalf of the Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the related Subsequent Cutoff Date with respect to the Additional Loans or Substituted Loans, and shall be responsible for the payment of any rebate fees applicable to the Additional Loans accruing from the date of the related Subsequent Cutoff Date.

  • Health insurance premiums If you are unemployed and have received unemployment compensation for 12 consecutive weeks under a federal or state program, you may take payments from your IRA to pay for health insurance premiums without incurring the 10 percent early distribution penalty tax.

  • BUYER’S PREMIUM A Buyer’s Premium fee of 10% of the Bid Price or $1,000 Auction Service Fee, whichever amount is greater, will be added to the High Bid amount. The High Bid amount plus the Buyer’s Premium equals the Total Purchase Price. SETTLEMENT to occur within 30 days from contract ratification date. PRE-BID OFFERS ACCEPTED via PHONE (000) 000-0000 or FAX (000) 000-0000

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