Minimum Expectancy Benchmark Sample Clauses

Minimum Expectancy Benchmark. (a) The Minimum Expectancy Benchmark is defined as the amount that it is expected the Driver / Xxxxxx / Biker will make for providing their services on a full working day basis. A full working day is defined by all appropriate statutes as applicable to employees and owner-operators: Vehicle Type Daily Commission Levels Effective Date Dec. 5/12 Year 3 Year 5 (b) The company agrees to provide the Union on a monthly basis with a listing of those employees / owner-operators who have not achieved the minimum expectancy benchmark over the previous month. An employee / owner-operator who has completed 3 months or more of employment / engagement shall have the right to request a review of their revenues or earnings where such fall below the applicable minimum expectancy benchmark. For greater certainty, the parties agree that the minimum expectancy benchmark reviews will not take place prior to the first review of fleet reconfigurations under Clause 20.02. (c) The Union and the Company shall determine the reasons and causes behind an instance where an individual’s revenues or earnings fall below the monthly expectancy benchmark based on a calculation of the per diem rate multiplied by complete days worked. Calculations are based on the employee / owner- operators being available to work on each business day of the month measured and applied against the resulting monthly total. However, employees / owner- operators on leave approved for under this collective agreement or absent not more than 2 days during the month will receive a pro-rated minimum expectancy benchmark. Corrective action including revenue or wage adjustments will be implemented as required and it is agreed that disputes concerning same may be the subject of a grievance in accordance with this collective agreement. (d) Revenue or wage adjustment calculations will based on the following example: Car Minimum Expectancy Benchmark = $105.00/Day
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Minimum Expectancy Benchmark. (a) The Minimum Expectancy Benchmark is defined as the amount that it is expected the Driver / Xxxxxx / Biker will make for providing their services on a full working day basis. A full working day is defined by all appropriate statutes as applicable to employees and owner-operators: Vehicle Type 1-Feb-2017 2-May-2019 1-Mar-2020 1-Mar-2021 5.25% 2.00% 2.00% (b) It is understood that the minimum expectancy benchmarks are designed to compensate Owner Operators for their fixed costs in the event there is a shortage of commissionable revenue to meet these requirements. Should an Owner Operator refuse work that does not fall under the provision of Article 12.02, that particular day will be deemed ineligible for benchmarking and the bi-monthly settlement period earnings will be prorated.

Related to Minimum Expectancy Benchmark

  • Life Expectancy Life expectancy as computed by use of the Single Life Table in Section 1.401(a)(9)-9 of the Treasury regulations.

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • Venue Limitation for TIPS Sales Vendor agrees that if any "Venue" provision is included in any TIPS Sale Agreement/contract between Vendor and a TIPS Member, that clause must provide that the "Venue" for any litigation or alternative dispute resolution shall be in the state and county where the TIPS Member operates unless the TIPS Member expressly agrees otherwise. Any TIPS Sale Supplemental Agreement containing a “Venue” clause that conflicts with these terms is rendered void and unenforceable.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Measurement method An isolation resistance test instrument is connected between the live parts and the electrical chassis. The isolation resistance is subsequently measured by applying a DC voltage at least half of the working voltage of the high voltage bus. If the system has several voltage ranges (e.g. because of boost converter) in conductively connected circuit and some of the components cannot withstand the working voltage of the entire circuit, the isolation resistance between those components and the electrical chassis can be measured separately by applying at least half of their own working voltage with those components disconnected.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Years of Service A Participant’s Years of Service shall include all service performed for the Employer and ¨ Shall ¨ Shall Not include service performed for the Related Employer.

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