Loyalty Premium Sample Clauses

Loyalty Premium. 1 When awarding a loyalty premium the employer shall determine the period during which the employee is expected to continue in employment with the UMC in order to qualify for payment of the loyalty premium.
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Loyalty Premium. If a Grower is entitled to a Loyalty Premium in accordance with the Enduring Funding Agreement and Three Year Rolling Grower Contract, the Grower acknowledges that such Loyalty Premium has been assigned to the Registered Supplier and that Loyalty Premium payments received by the Registered Supplier will be 100% pooled and disbursed to qualifying growers as soon as practical after being received.
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Loyalty Premium. 6.04.01 Loyalty Premium – shall be payable for all hours worked in the workplace including those hours worked in the performance of Union duties. The Loyalty Premium is not subject to an OT premium and will be paid out, or banked at two and one-half percent (2.5%) of the normal wage rate including those hours worked on an employee’s day off. Employees can bid vacation from their Loyalty vacation bank as per Article 7.09, such that a negative Loyalty vacation bank may accrue to a maximum of negative forty-two point eight (-42.8) or negative eighty-five point six (-85.6) hours for employees that have completed twelve (12) years’ service at the start of the year vacation is to be bid for. The Loyalty vacation bank will be reconciled at year end to zero (0) by using time bank hours to reduce the negative to zero (0). 6.04.02 The hours to be paid out at the employees request at a minimum of one hundred (100) hours, and subject to the terms of Article 6.04 and the completion of Appendix 6 (attached). 6.04.03 The loyalty premium hours will be calculated and paid according to the corresponding Loyalty Premium rate in Article 6.04 appropriate to the employee’s pay scale at the time the payout is requested. 6.04.04 The definition of hours worked as provided for in Article 6.04 includes regular hours worked on shifts, actual hours worked on overtime (not at time and a half but at straight time), straight time hours due to training and travel for training, hours due to Union release, and that the premium will be paid on shift trades to the employee who actually works the shift; but that the Loyalty Premium would not apply to vacation time, sick time, time bank off or overtime (except as previously identified).
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Loyalty Premium. 6.04.01 Loyalty Premium – shall be payable for all hours worked in the workplace including those hours worked in the performance of Union duties. The Loyalty Premium is not subject to an OT premium and will be paid out, or banked at 2.5% of the normal wage rate including those hours worked on an employee’s day off. Employees can “pre-purchase” vacation from their time bank as per Article 7.09, such that a negative time bank may accrue to a maximum of -64 hours. 6.04.02 The hours to be paid out at the employees request at a minimum of one hundred (100) hours, and subject to the terms of Article 5.07.02 and the completion of Appendix 6 (attached). 6.04.03 The loyalty premium hours will be calculated and paid according to the corresponding loyalty premium rate in Article 5.07 appropriate to the employee’s pay scale at the time the payout is requested. 6.04.04 The definition of hours worked as provided for in Article 5.07 includes regular hours worked on shifts, actual hours worked on overtime (not at time and a half but at straight time), straight time hours due to training and travel for training, hours due to Union release, and that the premium will be paid on shift trades to the employee who actually works the shift; but that the loyalty premium would not apply to vacation time, sick time, time bank off or overtime (except as previously identified).
Sample 1
Loyalty Premium. 6.04.01 Loyalty Premium – shall be payable for all hours worked in the workplace including those hours worked in the performance of Union duties. The Loyalty Premium is not subject to an Overtime Premium and will be paid out, or banked at two and one-half percent (2.5%) of the normal wage rate including those hours worked on an employee’s day off. Employees can “pre-purchase” vacation from their Time Bank as per Article 7.09, such that a negative Time Bank may accrue to a maximum of negative sixty-four (- 64) hours. 6.04.02 The hours to be paid out at the employees request at a minimum of one hundred (100) hours, and subject to the terms of Article 6.04 and the completion of Appendix 6 (attached). 6.04.03 The loyalty premium hours will be calculated and paid according to the corresponding Loyalty Premium rate in Article 6.04 appropriate to the employee’s pay scale at the time the payout is requested. 6.
Sample 1
Loyalty Premium. If you meet your commitments, Zespri will pay you the Loyalty Premium of 25 cents plus GST per Tray of Class 1 Kiwifruit supplied to Zespri at FOBS in the relevant season, and if after paying the Loyalty Premium, the NZ Supply EBIT (post-Loyalty) would be more than 1.00% of Net Sales (excess EBIT), an additional amount per Tray equal to half the excess EBIT, divided by Total Trays supplied to Zespri at FOBS by all Growers that have signed a Three Year Rolling Grower Contract with Zespri, plus GST.
Sample 1

Related to Loyalty Premium

  • Weekend Premium An employee shall be paid a weekend premium of one dollar and forty-five cents ($1.45) per hour for each hour worked between 2400 hours Friday to 2400 hours Sunday or such other 48 hour period that the Hospital may establish. If an employee is in receipt of premium payment pursuant to a local scheduling regulation with respect to consecutive weekends worked, he will not receive weekend premium under this provision. Effective June 28, 2005, the weekend premium shall be increased to $1.55 per hour.

  • Shift and Weekend Premium (a) An employee shall be paid a shift premium of eighty-five cents (85¢) per hour for each hour worked between the hours of 1500-0700 hours. (b) Effective July 1, 2013, an employee shall be paid a weekend premium of one dollar ($1.00) per hour for each hour worked between 2300 hours Friday and 2300 hours Sunday, or such other forty-eight (48) hour period as the local parties may agree upon or as defined in the Collective Agreement. If an employee is receiving premium pay pursuant to a local scheduling regulation with respect to consecutive weekends worked, the employee will not receive weekend premium under this provision.

  • Overtime and Premium Pay A nurse shall be paid at the rate of one and one- half (1½) times the nurse’s regular hourly rate of pay for all hours worked in any one category listed below, including statutory overtime pay under 9.4.1 or premium pay under 9.4.2 through

  • Holiday Premium Pay A Nurse working on a recognized Holiday is entitled to the following compensation for any hours worked on the calendar date of the recognized Holiday: A. A Full-Time or Part-Time Nurse who is regularly scheduled to work on a recognized Holiday shall be paid at the rate of one and one-half times (1.5 x) the Nurse’s regular rate of pay; or B. A Nurse who works overtime (as defined in Article 7.07) on a recognized Holiday shall be paid at the rate of two times (2 x) the Nurse’s regular rate of pay for the overtime worked.

  • Accrued 100% sick leave The use of sick leave under this subsection is at the employee's discretion.

  • Shift Premium Full-Time and Part-Time Employees shall be paid a shift premium of one dollar ($1.00) per hour for all hours worked where the majority of their scheduled hours fall between 1500 and 0700 hours.

  • 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.

  • Weekend Differential Employees assigned to State institutions other than Maine State Prison shall be eligible for a weekend differential of fifty cents ($.50) per hour to the base for shifts beginning between 10:00 p.m. Friday and 9:59 p.m.

  • 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.

  • Sunday Premium Any employee who is required to work at any time on a Sunday shall be paid a Sunday premium in addition to their regular hourly rate of pay in the amount of seventy-five (75¢) cents per hour, for each such hour and portion of an hour worked. Sunday premium pay shall not be added to an employee's hourly rate of pay for the purpose of computing overtime. The provisions of this Article shall not apply to the “in charge” employees referred to in sub-articles 23.03 and 23.04 of this Agreement.

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