Red Circled Rates Sample Clauses

Red Circled Rates. 1. Members whose salary or pay rate for a position as of the date of ratification of this Agreement is higher than that provided in this Agreement shall continue to receive the higher rate for the work in that position until the expiration of this Agreement or until this Agreement would provide for a higher rate, whichever occurs first.
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Red Circled Rates a) The amount of a job rate that is in excess of the evaluated worth will be red circled at the time of evaluation. It is intended that the red circled amount never increase. Therefore, it must be subtracted from a rate prior to the application of a percentage wage increase and then added back. A red circle amount will be reduced as the evaluated worth of the increases.
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Red Circled Rates. Effective the first pay period after ratification, employees paid above their classification rate listed above shall be red-circled and shall continue to receive their red-circled rate above the listed classification rates until their respective classification exceeds their red-circled rate. Employees with a red-circled rate above their classification job rate shall receive a lump sum payment of the annual increase to their classification rate in lieu of an increase to their rate of pay. Employees with a red-circled rate less than their classification rate shall be increased to the new job rate. However, if such increase is less than the annual increase to their classification rate, then the employee will receive the difference between their actual increase and the annual increase to their classification rate in a lump sum payment. EXHIBIT “B”‌ I, , an employee of THE QUEEN’S MEDICAL CENTER, voluntarily agree to have the Employer take out of my wages monthly dues as certified to you in writing by the Union and to turn over to the Union signatory to the existing collective bargaining agreement any and all such monies. This authorization shall become effective upon the date set forth below and cannot be canceled for a period of one (1) year from this date or until the termination of the existing collective bargaining agreement between the Employer and the Union, whichever occurs sooner. I agree and direct that this authorization shall be irrevocable for successive periods of one (1) year each, or for the period of each succeeding applicable collective bargaining agreement between the Employer and the Union, whichever shall be shorter, unless
Sample 1
Red Circled Rates. In the event that implementation of any of the wage rates in Section 1 above would result in the lowering of an employee's rate of pay, that employee's rate of pay shall be "Red Circled" for as long as the employee remains on his/her job. For these purposes "Red Circled" shall mean such an employee's wage rate will not be reduced to the wage rate for the "red circled" job.
Sample 1
Red Circled Rates. It is agreed that where red-circled rates exist they will continue to exist and, in addition will receive the negotiated wage increases.
Sample 1
Red Circled Rates. Upon date of ratification of the Agreement, employees whose wage rates are higher than those listed in schedule “A” will have their current rate red-circled. These red-circled rates and classifications will be reviewed at the next scheduled wage review. CLASSIFICATION DESCRIPTIONS
Sample 1

Related to Red Circled Rates

  • Billing Rates The Contractor shall be reimbursed for the services performed by its employees under the terms of this Agreement at the lesser of employee’s billing rate set forth in the Budget or the employee’s billing rate applicable at the time the Work is performed. Such billing rates shall be inclusive of actual Cash-based Expenses in the form of wages paid the employee, fringe benefits, overhead, general and administrative (G&A), and other indirect costs. Contractor hereby warrants and guarantees that the billing rates charged herein are Contractor’s customary billing rates for performance of work of the type described in the Statement of Work attached hereto.

  • FIXED RATES If a fixed rate is in this Agreement, it is based on an estimate of the costs for the period covered by the rate. When the actual costs for this period are determined, an adjustment will be made to a rate of a future year(s) to compensate for the difference between the costs used to establish the fixed rate and actual costs.

  • Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

  • Service Rates A. Seller will bill Buyer for Services furnished under this Order at the mark-up rates set forth in the Order. Shift Differential by site, if any, will be indicated in the Order.

  • PERIODIC RATES The periodic rates applicable to purchases, cash advances, and balance transfers are disclosed on the Disclosure that accompanies this Agreement. Any penalty rate that may be imposed for failing to make a payment by the payment due date is also disclosed on the Disclosure. Any rate change will be made pursuant to applicable law. If the rate for your account is variable, as indicated on the accompanying Disclosure, the rate charged on purchases, cash advances, balance transfers and any penalty rate will vary periodically as disclosed in the Disclosure accompanying this Agreement. The initial rate on your account for certain types of transactions may be an introductory discounted rate (Introductory Rate) that is lower than the rate that would ordinarily apply for that type of transaction. If an Introductory Rate applies to your account, the rates and the period of time it will be effective is shown on the Disclosure accompanying this Agreement. After the Introductory Rate period expires, the periodic rate will automatically increase to the rates that would ordinarily apply for that type of transaction based on the terms of this Agreement.

  • Pay Rates Unit members must have been on an active status for a minimum of six

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