Per Diem Calculation Sample Clauses

The Per Diem Calculation clause defines how daily rates or allowances are determined and applied within a contract. Typically, this clause outlines the method for calculating per diem payments, such as specifying a fixed daily amount or referencing government or industry-standard rates, and clarifies which expenses are covered, like meals, lodging, or incidental costs. Its core function is to ensure transparency and consistency in reimbursing daily expenses, thereby preventing disputes over allowable costs and simplifying expense management for both parties.
Per Diem Calculation. Per diems will be based on duty time commencing one hour prior to the scheduled departure time to the final landing time plus fifteen minutes (as per log sheets). The duty time calculation for per diem for a rotational base assignment will be based on the start time and end time of the rotation period and will run continuous through the period, similar to the example for “overnight trips”. Overnight trips will be based on total time away from base for that trip.
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Per Diem Calculation. When a teacher has used all accumulated leaves available, he/she will be docked one (1) divided by (days agreed to work) for each day of continued absences.
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Per Diem Calculation. For the purposes of this Agreement, ‘true’ per diem pay is defined by dividing annual base salary (as defined on the annual salary work sheet) by 217 stipulated workdays for employees on year-round contracts.
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Per Diem Calculation. Members from time to time, as provided elsewhere in this agreement, may choose to surrender unused vacation and sick days for payment. The calculation of the per diem is determined in the manner specified below. A. Members employed as administrators prior to July 1, 2001. 1. Per Diem for vacation pay will be calculated by dividing the member’s annual salary by 240. 2. Per Diem for sick days, at the time of termination of employment with the District, will be calculated by dividing the member’s annual salary by 180. B. Members employed as administrators after June 30. 2001. 1. Per Diem for vacation pay will be calculated by dividing the member's annual salary by 240. 2. Per Diem for sick days, at the lime of termination of employment with the District, will be calculated by dividing the member’s annual salary by 260.
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Per Diem Calculation. The bargaining unit member’s per diem rate shall be determined by taking the amount of member’s regular, annual salary, as set forth in the schedule, divided by the number of days in the member’s regular work schedule.
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Related to Per Diem Calculation

  • Payment Calculation District shall pay Contractor at a rate of $ per . District shall pay Contractor as described in attached Exhibit A

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • INTEREST CALCULATION COSTS 10.1 As set forth in 31 CFR 205.27, interest calculation costs are defined as those costs necessary for the actual calculation of interest, including the cost of developing and maintaining clearance patterns in support of the interest calculations. Interest calculation costs do not include expenses for normal disbursing services, such as processing of checks or maintaining records for accounting and reconciliation of cash balances, or expenses for upgrading or modernizing accounting systems. Interest calculation costs in excess of $50,000 in any year are not eligible for reimbursement, unless the State provides justification with the annual report. 10.2 The State expects to incur the following types of interest calculation costs: Costs of calculating interest, including the cost of developing and maintaining clearance patterns in support of interest calculations. 10.3 The State shall submit all claims for reimbursement of interest calculation costs with its Annual Report in accordance with 31 CFR 205.

  • Calculation Any figure or percentage referred to in this Agreement shall be carried to seven decimal places.

  • Interest Calculations Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods, and shall accrue daily commencing on the Original Issue Date until payment in full of the outstanding principal, together with all accrued and unpaid interest, liquidated damages and other amounts which may become due hereunder, has been made. Interest hereunder will be paid to the Person in whose name this Note is registered on the records of the Company regarding registration and transfers of this Note (the “Note Register”).