Prorating Factor Sample Clauses

Prorating Factor. In prorating a leave under Articles 33:02 and 33:03, the factor used shall be determined by totalling the number of regularly scheduled hours the employee has worked in the preceding eight (8) weeks and dividing by three hundred twenty (320) (two hundred ninety [290]), i.e. eight (8) hours x eight (8) weeks x five (5) days: Prorating factor = Number of regularly scheduled hours the employee worked in the preceding eight (8) weeks 320 (290)
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Prorating Factor. 41.01 Where the term prorating factor is used in this Collective Agreement, it shall be calculated as follows: (a) Any hours in the preceding two (2) full biweekly pay periods ÷ 160 (e.g. holiday calculation): (i) holiday shall be deemed to fall in the third full biweekly pay period; (ii) calculate any hours worked in the preceding two (2) full biweekly pay periods; (iii) divide number arrived at in (ii) by one hundred and sixty (160); (iv) multiply eight (8) hours times the prorating factor arrived at in (iii) to determine the employee’s entitlement. (b) For the purpose of this article, any hours worked shall be regular hours exclusive of overtime hours worked.
Prorating Factor. The Prorating Factor is the proportion of the Segment Term that has passed and is calculated using the following formula: Number of days elapsed in the Segment Term Total number of days in the Segment Term The Index Credit is the Index Change after application of the Cap Rate or Buffer. The Index Credit can be negative. If the Index Change is greater than or equal to zero, then the Index Credit is equal to the lesser of the Index Change and the Cap Rate. If the Index Change is less than zero, then the Index Credit is equal to the lesser of zero and the Index Change offset by the Buffer. The Index Credit for the Segment Term is recalculated daily based on the Index Change, Prorating Factor, Cap Rate, and Buffer. Each Indexed Segment will have an associated value which will be calculated as follows:

Related to Prorating Factor

  • Non pre-priced Adjustment Factor To be applied to Work determined not to be included in the CTC but within the general scope of the work: 1.1900.

  • Adjustment Factor The Bidder’s competitively bid price adjustment to the unit prices published in the Construction Task Catalog®.

  • 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.

  • Economic Price Adjustment is the adjustment to the Aircraft Basic Price (Base Airframe, Engine and Special Features) as calculated pursuant to Exhibit D.

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

  • Annual Performance Evaluation On either a fiscal year or calendar year basis, (consistently applied from year to year), the Bank shall conduct an annual evaluation of Executive’s performance. The annual performance evaluation proceedings shall be included in the minutes of the Board meeting that next follows such annual performance review.

  • Interest Factor With respect to this Floating Rate Note, accrued interest is calculated by multiplying the principal amount of such Note by an accrued interest factor. The accrued interest factor is computed by adding the interest factor calculated for each day in the particular Interest Reset Period. The interest factor for each day will be computed by dividing the interest rate applicable to such day by 360, in the case of a Floating Rate Note as to which the CD Rate, the Commercial Paper Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR or the Prime Rate is an applicable Interest Rate Basis, or by the actual number of days in the year, in the case of a Floating Rate Note as to which the CMT Rate or the Treasury Rate is an applicable Interest Rate Basis. In the case of a series of Notes that bear interest at floating rates as to which the Constant Maturity Swap Rate is the Interest Rate Basis, the interest factor for each day will be computed by dividing the number of days in the interest period by 360 (the number of days to be calculated on the base is of a year of 360 days with twelve 30-day months (unless (i) the last day of the interest period is the 31st day of a month but the first day of the interest period is a day other than the 30th or 31st day of a month, in which case the month that includes that last day shall not be considered to be shortened to a 30-day month, or (ii) the last day of the interest period is the last day of the month of February, in which case the month of February shall not be considered to be lengthened to a 30-day month)). The interest factor for a Floating Rate Note as to which the interest rate is calculated with reference to two or more Interest Rate Bases will be calculated in each period in the same manner as if only the applicable Interest Rate Basis specified above applied.

  • Performance Factors (a) Each party will notify the other party of the existence of a Performance Factor, as soon as reasonably possible after the party becomes aware of the Performance Factor. The Notice will: describe the Performance Factor and its actual or anticipated impact; include a description of any action the party is undertaking, or plans to undertake, to remedy or mitigate the Performance Factor; indicate whether the party is requesting a meeting to discuss the Performance Factor; and address any other issue or matter the party wishes to raise with the other party. (b) The recipient party will provide a written acknowledgment of receipt of the Notice within 7 Days of the date on which the Notice was received (“Date of the Notice”). (c) Where a meeting has been requested under paragraph 7.2(a)(3), the parties agree to meet and discuss the Performance Factors within 14 Days of the Date of the Notice, in accordance with the provisions of section 7.3.

  • Supervisory Differential Adjustment The Appointing Officer shall adjust the compensation of a supervisory employee whose compensation grade is set herein subject to the following conditions:

  • Bilingual Differential When formally assigned in the employee’s position description, an employee assigned to interpret to or from another language to English will receive a differential of five percent (5%) of base pay.

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