OFFSETTING HOLIDAY SUPPLEMENT Sample Clauses

OFFSETTING HOLIDAY SUPPLEMENT. The holiday supplement stipulated in the Danish Holiday Act shall be paid at the same time as the corresponding holiday begins, or the holiday supplement for the period from 1 September to 31 May shall be paid together with the wages for May, while the holiday supplement for the remainder of the holiday year shall be paid together with the wages for August. If the holiday supplement has been paid before the holiday begins, offsetting can be performed when the employee leaves. ENTRY INTO FORCE AND TERMINATION OF COLLECTIVE AGREEMENT, ETC. WHEN MUST THE RULE BE MET? The calculation to determine whether the 50 per cent rule is met is based on the employment conditions in the week in which the request for a collective agree- ment is received by Dansk Erhverv Arbejdsgiver. WHICH EMPLOYEES ARE INCLUDED?
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OFFSETTING HOLIDAY SUPPLEMENT. Holiday supplement specified in the Danish Holiday Act is paid out no later than at the same time as the corresponding holiday begins, or the holiday supplement for the period from 1 September to 31 May is paid out with the salary for May, whereas the holiday supplement for the remainder of the holiday year is paid out with the salary for August. If the holiday supplement has been paid before the holiday starts, offsetting can be performed when the employee leaves. Time off to perform the duties of union representative The parties agree that the Dansk Erhverv Arbejdsgiver is to recommend to its member companies that members of the HK Privat's Industry Board, the Trade Union Committee and HK’s Executive Committee are given the necessary time off for performing these duties. HK Privat shall notify Dansk Erhverv Arbejdsgiv- er of the elections made. ENTRY INTO FORCE AND TERMINATION OF COLLECTIVE AGREEMENTS Agreement on the delimitation of the IT collective agreement The parties agree that an company’s adoption of the collective agreement is demarcated on the basis of the legal entity. A company's acceptance of the IT collective agreement does not therefore mean that its subsidiaries or other asso- ciates will be covered by the collective agreement. LOCAL AGREEMENTS It may be appropriate for both companies and employees to consider the oppor- tunities for entering into local agreements that are adapted to the local condi- tions at the individual company or in the individual department of a company. Where a union representative has not been elected, local agreements can be entered into with a colleague (spokesperson) who is a member of HK Privat and who has a power of attorney from at least half of the employees who form the collective agreement basis for the company, department, or work function, where the local agreement applies. Where a spokesperson has not been appointed, local agreements can be entered into between the company and an employee majority and may be terminated on the same basis. A local agreement entered into by an employee majority may also be terminated by a subsequently appointed spokesperson or elected union representative, in accordance with the above rules. Local agreements can thus be an opportunity for the individual company to enter into decentralised agreements (in addition to the individual agreement options between company and employee, which the agreement allows for). Local agree- ments can provide an opportunity to take into acco...
OFFSETTING HOLIDAY SUPPLEMENT. Holiday supplement specified in the Danish Holiday Act is paid out no later than at the same time as the corresponding holiday begins, or the holiday supplement for the period from 1 September to 31 May is paid out with the salary for May, whereas the holiday supplement for the remainder of the holiday year is paid out with the salary for August. If the holiday supplement has been paid before the holiday starts, offsetting can be performed when the employee leaves. ENTRY INTO FORCE AND TERMINATION OF COLLECTIVE AGREEMENTS 1. WHEN MUST THE RULE BE MET?

Related to OFFSETTING HOLIDAY SUPPLEMENT

  • Scheduled Holidays Holidays for certain employees, typically 24/7 facilities, are pre-scheduled on days other than the holidays mentioned in Section 1. This schedule is determined in advance. If employees who have their holiday pre-scheduled are required to work on that pre-scheduled holiday day, they are compensated as follows: a.) Cash overtime employees are paid for the number of holiday hours pre-scheduled plus payment at the rate of time and one-half for the number of hours actually worked. b.) Compensatory leave eligible employees are paid for the number of hours prescheduled plus credited with holiday compensatory time for the number of hours actually worked, which must be used within one (1) year after having accrued this time. This provision does not apply to an employee who is on leave without pay during the same pay period as the assigned holiday.

  • Holiday Falling on a Scheduled Workday An Employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double time and one-half (2½) for hours worked, plus a day off subject to this Agreement.

  • Payment on non-Business Day If any payment by the Borrower under a Finance Document would otherwise fall due on a day which is not a Business Day: (a) the due date shall be extended to the next succeeding Business Day; or (b) if the next succeeding Business Day falls in the next calendar month, the due date shall be brought forward to the immediately preceding Business Day, and interest shall be payable during any extension under paragraph (a) at the rate payable on the original due date.

  • Closing Date Balance Sheet a. Not later than sixty (60) days after the Closing, Seller shall prepare a balance sheet of the Company as of the close of business on the Closing Date (the "Closing Date Balance Sheet"), in accordance with United States generally accepted accounting principles ("GAAP") applied in a manner consistent with the accounting principles and practices applied in the preparation of the Financial Statements (as defined herein). Seller agrees to use reasonable efforts to cause the Closing Date Balance Sheet to be prepared and delivered to Purchaser within sixty (60) days after the Closing, unless such inability to deliver the Closing Date Balance Sheet is as a result of Purchaser's failure to give Seller reasonable access to the necessary books, records and/or personnel, in which event the requirement to deliver the Closing Date Balance Sheet shall be tolled until Seller is given reasonable access to the necessary documentation or personnel. The date of delivery of the Closing Date Balance Sheet to Purchaser is referred to herein as the "Delivery Date". b. Without charge by Purchaser, Purchaser shall cause its and the Company's employees to cooperate reasonably and on a timely basis and to assist Seller with the preparation of the Closing Date Balance Sheet, and shall make reasonably available to Seller and its authorized representatives the books, records, and personnel of the Company which Seller reasonably requires in order to prepare and deliver the Closing Date Balance Sheet. Purchaser and Seller shall, throughout the entire period from the date of this Agreement to the Delivery Date, meet and discuss any and all financial and business matters relating to such process and the preparation of the Closing Date Balance Sheet, and Seller shall make available its work papers for confidential inspection and review by Purchaser and Purchaser's accountants; provided, however, that Seller may omit or redact information that contains competitively sensitive information concerning Seller's or any of Seller's Affiliate's unrelated operations, contracts, customers, pricing, costs, or related matters.

  • Non-Business Day If any payment of principal or interest on any Loan or of any other Obligation shall fall due on a day which is not a Business Day, interest or fees (as applicable) at the rate, if any, such Loan or other Obligation bears for the period prior to maturity shall continue to accrue on such Obligation from the stated due date thereof to and including the next succeeding Business Day, on which the same shall be payable.

  • Remittance Date The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of any month.

  • Additional Holidays Every day declared by the President or Governor of this State as a public fast, mourning, thanksgiving, or holiday, or any day declared a holiday by the Governing Board under current Education Code or its successors shall be paid holidays for all employees in the bargaining unit. Holidays will coincide with the Academic Calendar for each year.

  • Pro Forma Balance Sheet The Administrative Agent shall have received the Pro Forma Balance Sheet in form and substance satisfactory to the Administrative Agent and the Required Lenders;

  • Contractual Settlement Date Accounting (a) Bank shall effect book entries on a "contractual settlement date accounting" basis as described below with respect to the settlement of trades in those markets where Bank generally offers contractual settlement day accounting and shall notify Customer of these markets from time to time.

  • Payment for Unused Sick Leave (a) An employee with less than ten (10) years of FIU service who separates from FIU shall not be paid for any unused sick leave. (b) An employee who has completed ten (10) or more years of FIU service, has not been found guilty or has not admitted to being guilty of committing, aiding, or abetting any embezzlement, theft, or bribery in connection with State government, or has not been found guilty by a court of competent jurisdiction of having violated any State law against or prohibiting strikes by public employees, and separates from FIU because of retirement for other than disability reasons, termination, or death, shall be compensated at the employee's current regular hourly rate of pay for one-eighth of all unused sick leave accrued prior to October 1, 1973, plus one- fourth of all unused sick leave accrued on or after October 1, 1973; provided that one-fourth of the unused sick leave since 1973 does not exceed 480 hours. The compensation in this paragraph 8(4)(b) shall not be given to an employee who starts employment at FIU on or after July 1, 2006. (c) Upon layoff, an employee with ten (10) or more years of FIU service shall be paid for unused sick leave as described in paragraph b., above, unless the employee requests in writing that unused sick leave be retained pending re-employment. For an employee who is re-employed by the University within twelve (12) calendar months following layoff, all unused sick leave shall be restored to the employee, provided the employee requests such action in writing and repays the full amount of any lump sum leave payments received at the time of layoff. An employee who is not re- employed within twelve (12) calendar months following layoff shall be paid for sick leave in accordance with this Policy. (d) All payments for unused sick leave shall be made in lump sum and shall not be used in determining the average final compensation of an employee in any State administered retirement system. An employee shall not be carried on the payroll beyond the last official day of employment, except that an employee who is unable to perform duties because of a disability may be continued on the payroll until all sick leave is exhausted. (e) If an employee has received a lump sum payment for accrued sick leave, the employee may elect in writing, upon re-employment within 100 days, to restore the employee's accrued sick leave. Restoration will be effective upon the repayment of the full lump sum leave payment. (f) In the event of the death of an employee, payment for unused sick leave at the time of death shall be made to the employee's beneficiary, estate, or as provided by law.

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