QUALIFICATIONS AND MULTIPLE CURRENCY BONUS PAY Sample Clauses

QUALIFICATIONS AND MULTIPLE CURRENCY BONUS PAY. Employees assigned to the Maintenance Test Pilot classification maintaining basic aircraft currency in accordance with AR 95-20 in two or more series of same Mission/Design aircraft (i.e.UH-60 A/L & M, CH-47 D & F), or two or more aircraft of different Mission, Design, and Series (i.e. AH-64 and OH-58 D), shall be paid the Multiple Currency Bonus Pay of $100.00 per month. Employees in the Maintenance Test Pilot classification who become qualified for the Multiple Currency Bonus Pay will receive the bonus pay in the month following the effective date of qualification. The Company will establish the number of dual aircraft qualifications required by location and shift. Training and assignment shall be offered by seniority. When enough qualified volunteers are not available, assignment will be given to the least senior qualified Maintenance Test Pilot.
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QUALIFICATIONS AND MULTIPLE CURRENCY BONUS PAY. Maintenance Test Pilots must have aircraft qualifications and currency for two or more aircraft during the fourth weekly pay cycle of the month for each month they are to receive the bonus. For the purpose of this section, two or more aircraft will be considered separate aircraft if each requires an independent and separate check ride to remain current. To receive the bonus, a pilot must conduct flights in both aircraft. When Maintenance Test Pilots maintain currency and are performing maintenance test flights in more than one aircraft mission, type, design, and series, they shall be compensated an additional $100 per month. The Company will establish the number of dual aircraft qualifications required by location and shift. Training and assignment shall be offered by seniority. When enough qualified volunteers are not available, assignment will be given to the least senior qualified Maintenance Test Pilot.

Related to QUALIFICATIONS AND MULTIPLE CURRENCY BONUS PAY

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

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  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid If you hold Plan accounts in an omnibus account (i.e., multiple Plans in one account on the books of the Funds), Plans that are added to the omnibus account after May 15, 2002 may invest only in R shares, and you must execute an Omnibus Addendum to the Selling Group Agreement, which you can obtain by calling our Home Office Service Team at 800/421-5475, extension 8.

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  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

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