Periodic Payroll Periods Sample Clauses

Periodic Payroll Periods. The Plan Manager, in its sole discretion, may require that Hours of Service credited be determined on the basis of periodic payroll periods. The Plan Manager's determination shall be made on a nondiscriminatory basis and shall be uniformly and consistently applied to all Employees and Participants of each classification covered under the Plan; provided, however, that such classifications shall themselves be reasonable and consistently determined and applied. In such event, if an Employee is compensated on the basis of one of the following periodic payroll periods he shall be credited with the Hours of Service for such period during which he would be credited with at least one Hour of Service in accordance with Section 2.1, determined as follows: If the Employee's Periodic Payroll Period Is He Shall Be Credited With ----------------- ------------------------- Day of employment 10 Hours of Service Week of employment 45 Hours of Service Semi-monthly employment period 95 Hours of Service Monthly employment period 190 Hours of Service If an Employee is not compensated on one of the above periodic payroll periods, he shall be credited with 10 Hours of Service for each day of employment during which he would be credited with at least one Hour of Service in accordance with Section 2.1.
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Related to Periodic Payroll Periods

  • Periodic Payments GLAIC will pay the Policyholder the amounts specified in the Accumulation Fund Schedule as Periodic Payouts, including the Maturity Payout, on the dates specified (subject to Section 4.7). Such payment amounts are adjusted to reflect any other payment payable under this Section of the Policy. The interest factor used in making such adjustments is the Guaranteed Rate.

  • Meal Periods (a) Meal periods shall be scheduled as close as possible to the middle of the scheduled hours of work. The length of the meal period shall be agreed to at the local level and shall be not less than 30 minutes nor more than 60 minutes. (b) An employee shall be entitled to take their meal period away from the workstation. Where this cannot be done, the meal period shall be considered as time worked.

  • Fiscal Periods Change its fiscal year-end to a date other than December 31, or its fiscal quarters to a date other than March 31, June 30, September 30 and December 31.

  • Break Periods There will be no rest periods, organized coffee breaks or other non-working time established during working hours. Individual coffee containers will be permitted at the employee’s work location.

  • Directions Regarding Periodic Payments As registered owner of the Funding Agreement and the Guarantee as collateral securing payments on the Notes, the Indenture Trustee will receive payments on the Funding Agreement and the Guarantee on behalf of the Trust. The Trust hereby directs the Indenture Trustee to use such funds to make payments on behalf of the Trust pursuant to the Trust Agreement and the Indenture.

  • Pay Periods The Employer shall provide for biweekly pay periods. Each employee shall be provided with an itemized statement of his or her earnings and all deductions made for any purpose.

  • Vacation Periods Vacation schedules will be set by the employee’s immediate supervisor(s) and sent to the Office of Human Resources for approval. Employees may request a particular period for vacation. Vacation days may not be taken in advance of their accrual. Those employees who are on a 12-month teacher contract are paid during Spring Break and Winter Recess, however, are not expected to be in attendance or perform duties during those breaks.

  • Retention periods Documentation which serves as evidence of orderly and proper data processing must be retained by ATOSS in accordance with the applicable statutory retention periods beyond the end of the contract. To relieve itself of this obligation, ATOSS may turn said documentation over to the Customer at the end of the contract.

  • Trial Periods Where you take a product or service on a trial basis for a reduced or zero charge for a fixed period, unless otherwise advised to you in writing, you need to give us notice in writing if you wish to cancel the product or service at the end of the trial. If you fail to give us notice then we will automatically invoice you for the product or service at the end of the trial for the remainder of the agreed contract term.

  • Rest and Meal Periods Employees shall be entitled to relief periods during the shift on the basis of fifteen

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