Pay Averaging Sample Clauses

Pay Averaging. 5.2.1 Pay averaging within TIO occurs when an employee reduces their base annual salary in order to purchase additional annual leave, while retaining regular income over the year. 5.2.2 An example of pay averaging: The effect of a 51/52 pay averaging arrangement is: (a) The employee has an entitlement to 6 weeks leave each year (one additional week), accrued progressively, according to ordinary hours worked. (b) The employee's salary would be set at the pro rata rate of 51 weeks' salary, rather than 52. (c) The employee receives the pro rata salary in equal fortnightly instalments over the year. (d) If an employee has accrued but untaken annual leave at the commencement of a pay averaging arrangement, the employee will be paid at the original salary for the amount of days equivalent of the already accrued annual leave at the time of commencement of the arrangement. At completion of this period the salary will revert to the agreed pay averaging salary at outlined in 5.2.2 (c). 5.2.3 Access to Pay Averaging (a) Pay averaging is only available to employees with greater than 12 months service with TIO.
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Pay Averaging. The Employer shall average an Employee’s wages over the roster cycle for continuous shift Employees. Average pay shall, where applicable, include: (a) Rostered ordinary hours; (b) First aid allowance;
Pay Averaging. Employees engaged on the roster prescribed in Clause 2.2 shall have their pays averaged at thirty-eight (38) hours per week. The parties accept that due to this requirement, where leave is taken in four (4) day blocks, this will result in a debit against their relevant leave accruals of thirty-eight (38) hours. Where leave is taken in less than a four (4) day block, leave shall be debited based on actual hours and there will no be no further claims for additional leave or payment where payments have been based on averaging.
Pay Averaging. Wages of full time employees shall be paid so that the difference in pays arising from differing ordinary hours from week to week are minimized, to the extent reasonably practicable.
Pay Averaging. Eligible Employees: Employees scheduled to work more than 3.5 hours per day and Average Pay: For those eligible employees who elect pay averaging, average biweekly pay will be determined as follows:

Related to Pay Averaging

  • Settlement Averaging Period For any Option and regardless of the Settlement Method applicable to such Option:

  • Rounding of Calculations; Minimum Adjustments All calculations under this Section 13 shall be made to the nearest one-tenth (1/10th) of a cent or to the nearest one- hundredth (1/100th) of a share, as the case may be. Any provision of this Section 13 to the contrary notwithstanding, no adjustment in the Exercise Price or the number of Shares into which this Warrant is exercisable shall be made if the amount of such adjustment would be less than $0.01 or one-tenth (1/10th) of a share of Common Stock, but any such amount shall be carried forward and an adjustment with respect thereto shall be made at the time of and together with any subsequent adjustment which, together with such amount and any other amount or amounts so carried forward, shall aggregate $0.01 or 1/10th of a share of Common Stock, or more.

  • Method of Calculation All calculations under this Section 4 shall be made to the nearest one hundredth of a share.

  • Payment Methodology The Contractor shall be compensated based on the Service Rates in Attachment for units of service authorized by the Institution in a total amount not to exceed the Contract Maximum Liability established in Section C. 1. The Contractor’s compensation shall be contingent upon the satisfactory completion of units of service or project milestones identified in Attachment B. The Contractor shall submit invoices, in form and substance acceptable to the Institution with all of the necessary supporting documentation, prior to any payment. Such invoices shall be submitted for completed units of service or project milestones for the amount stipulated.

  • NET INVESTMENT FACTOR The Net Investment Factor for any Subaccount as of the end of any Valuation Period is determined by dividing (1) by (2) and subtracting (3) from the result, where:

  • ADJUSTMENT FACTORS The Contractor will perform any or all Tasks in the Construction Task Catalog for the Unit Price appearing therein multiplied by the following Adjustment Factors. See the General Terms and Conditions for additional information.

  • Enhanced Optional Daily Usage File (EODUF) 12.1 The Enhanced Optional Daily Usage File (EODUF) service Agreement with terms and conditions is included in this Attachment as Exhibit D. Rates for EODUF are as set forth in Exhibit E of this Attachment. 12.2 BellSouth will provide EODUF service upon written request to its Account Manager stating a requested activation date. Resale Discount Resale Discount Resale Discount Resale Discount Resale Discount Resale Discount Resale Discount Resale Discount Resale Discount 1 Grandfathered Services (Note 1) Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes 8 Mobile Services Yes No Yes No Yes No Yes No Yes No Yes No Yes No Yes No Yes No 9 Federal Subscriber Line Charges Yes No Yes No Yes No Yes No Yes No Yes No Yes No Yes No Yes No 11 End User Line Chg- Number Portability Yes No Yes No Yes No Yes No Yes No Yes No Yes No Yes No Yes No 12 Public Telephone Access Svc(PTAS) Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No Yes Yes 13 Inside Wire Maint Service Plan Yes No Yes No Yes No Yes No Yes No Yes No Yes No Yes No Yes No Applicable Notes: 1. Grandfathered services can be resold only to existing subscribers of the grandfathered service. 2. Where available for resale, promotions will be made available only to End Users who would have qualified for the promotion had it been provided by BellSouth directly. 3. In Tennessee, long-term promotions (offered for more than ninety (90) days) may be obtained at one of the following rates: (a) the stated tariff rate, less the wholesale discount; (b) the promotional rate (the promotional rate offered by BellSouth will not be discounted further by the wholesale discount rate)

  • METHODS OF CALCULATION 224. Bi-Weekly. An employee whose compensation is fixed on a bi-weekly basis shall be paid the bi-weekly salary for his/her position for work performed during the bi-weekly payroll period. There shall be no compensation for time not worked unless such time off is authorized time off with pay.

  • FIXED AMOUNTS The fixed amounts contained in Section I of this agreement are based on an estimate of the costs that will be incurred during the period to which the amounts apply. When the actual costs for this period are determined, any differences between the fixed costs used as an estimate and the actual costs will be considered in a subsequent agreement.

  • Calculation Dates The interest rate applicable to each Interest Reset Period will be determined by the Calculation Agent on or prior to the Calculation Date (as defined below), except with respect to LIBOR, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the Calculation Agent will disclose the interest rate then in effect and, if determined, the interest rate that will become effective as a result of a determination made for the next succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable, pertaining to any Interest Determination Date will be the earlier of: (1) the tenth calendar day after the particular Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business Day immediately preceding the applicable Interest Payment Date or the Maturity Date, as the case may be.

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