SALARY RATES (Continued Sample Clauses

SALARY RATES (Continued. The below additional amounts, will form part of the member’s base salary for determining all entitlements under the collective agreement that are calculated on the basis of a member's hourly or regular annual salary. i) In the year a member completes eight (8) years of service, on his or her anniversary date, an additional three (3%) per cent of a 1st Class Constable's salary; ii) In the year a member completes sixteen (16) years of service, on his or her anniversary date, an additional six (6%) per cent of a 1st Class Constable's salary;

SALARY RATES (Continued. 6) The member must receive satisfactory yearly performance appraisals. 7) If the Chief deems that the member has not maintained the required level of policing expertise, the Chief shall submit the outlining reasons to the Professional Standards Committee, which is comprised of both Management and Association Representatives, who shall review the member's performance appraisal. The Professional Standards Committee's decision shall be final. 8) The minimum ten (10) years policing service are those as a police constable. (ii) A Senior Sergeant is a Sergeant who has held such rank for five 6:10 Where a member is required to work day shifts and night shifts during the year, the member will be entitled to one (1) payment of one hundred and seventy ($170.00) dollars. Payment shall be made on the first regular pay day in the month of December. 6:11 Where a member is required to work day shifts and afternoon shifts, the member will be entitled to one (1) payment of eighty-five ($85.00) dollars. Payment shall be made on the first regular pay day in the month of December.

SALARY RATES (Continued. 14.5 Employees in the classification Fleet Mechanic and Equipment Service Worker shall receive a lump sum tool allowance paid annually with the first full pay period of the year as follows: Eight hundred sixty-five ($865.00) dollars effective 1/1/2021. 14.6 The Highway Maintenance Laborer classification will be retained as a trainee classification. Persons hired as Highway Maintenance Laborer or as an Equipment Service Worker will be required to obtain their CDL permit within 30 days of their first day of employment and will be required to obtain their CDL license within their one year probationary period, or be terminated. Highway Maintenance Laborers who obtain their CDL license will be promoted to Heavy Equipment Operator 1 upon completion of probation. Highway Maintenance Laborers who obtain their CDL license before the end of their probationary period will be eligible for daily upgrade to Heavy Equipment Operator 1, until they are promoted to Heavy Equipment Operator 1 upon completion of probation. This upgrade does not apply if the employee is training. 14.7 The provisions of Article 14.6 will continue to apply to employees hired before January 1, 2001, allowing employees who fail to secure or maintain the required license to be reduced to the next lowest classification, including Highway Maintenance Laborer, for which they qualify. Employees hired on or after January 1, 2001, will be allowed to reduce to Highway Maintenance Laborer only if they lose their license temporarily. Such reduction will be for a maximum of one year per occurrence. 14.8 The County will provide a vehicle, a driver and compensation to any employee to take examinations for a required commercial driver's license and/or endorsements. Any employee who fails to secure or maintain the required license, endorsements, and/or certifications for their classification shall be reduced to the next lower classification for which they qualify. Any employee who loses or fails to maintain their license, endorsements, and/or certifications required by their classification must immediately notify the County. 14.9 a) Effective January 1, 2018, employees operating an excavator weighing 40,000 pounds or more will receive the Heavy Equipment Operator 2 rate, plus $1.00 add to base wage.

SALARY RATES (Continued. (ii) Each member who has performed Scenes of Crime Officer duties for a period great than three (3) months in a calendar year or, is an active member of the Containment Team for a period greater than three (3) months in a calendar year; shall receive three hundred ($300.00) dollars per year for each specialty. The member must have utilized his/her skill within the calendar year. Payment shall be made to the member on the first regular pay day in the month of December.

SALARY RATES (Continued. If a civilian member applies for and is transferred to a posted civilian job opening that is at a higher salary level than his/her current job, such member shall be classified and paid at the next highest salary level of the new job classification as compared to the salary level he/she receives in his/her job classification.

SALARY RATES (Continued. 6:06 If a civilian member applies for and is transferred to a posted civilian job opening that is at a higher salary level than his/her current job, such member shall be classified and paid at the next highest salary level of the new job classification as compared to the salary level he/she receives in his/her job classification. 6:07 Each member who is bilingual in Portuguese, Italian, French or any other language, specifically required by the Board, shall receive a payment of two hundred and fifty ($250.00) dollars per year. Payment shall be made to the member on the first regular pay day in the month of December. (i) Each member who is qualified by the Solicitor General of the Province of Ontario in the operation of the intoxilizer and Drug Recognition Expert on an annual basis shall receive three hundred ($300.00) dollars per year. Payment shall be made to the member on the first regular pay day in the month of December. (ii) Each member who is performing Scenes of Crime Officer duties; is trained in Level I or II Accident Reconstruction; or, is an active member of the Containment Team; shall receive three hundred ($300.00) dollars per year for each specialty. The member must have utilized his/her skill within the calendar year. Payment shall be made to the member on the first regular pay day in the month of December. 6:09 A Senior Sergeant is a Sergeant who has held such rank for five (5) years, and has passed the Staff Sergeant Promotional Examination (70%). The member shall receive the said salary increase noted in Article 6:01 effective the date that the promotional examination was written, or when the officer reaches his/her fifth (5th) year of service as a Sergeant. This Article does not apply to a Sergeant receiving the differential noted in Article 6:04. 6:10 Where a member is required to work day shifts and night shifts during the year, the member will be entitled to one (1) payment of two hundred ($200.00) dollars. Payment shall be made on the first regular pay day in the month of December. 6:11 Where a member is required to work day shifts and afternoon shifts, the member will be entitled to one (1) payment of one hundred ($100.00) dollars. Payment shall be made on the first regular pay day in the month of December.

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SALARY RATES Section 12.1 The following shall apply to full-time employees including so called TPL A and B: A. Effective the first full pay period of July, 2017, employees who meet the eligibility criteria provided in Section 2 of this Article shall receive a one percent (1%) increase in salary rate. B. Effective the first full pay period of July, 2017, employees who meet the eligibility criteria provided in Section 2 of this Article shall receive an additional one percent (1%) increase in salary rate due to the realization of the FY’18 tax revenue trigger threshold. C. Effective the first full pay period of July, 2018, employees who meet the eligibility criteria provided in Section 2 of this Article shall receive a two percent (2%) increase in salary rate. D. Effective the first full pay period of July, 2019, employees who meet the eligibility criteria provided in Section 2 of this Article shall receive a two percent (2%) increase in salary rate. Section 12.2 Employees who receive a "Below" rating on their annual EPRS evaluation shall not be eligible to receive the salary increases provided in Section 1 of this Article, nor any step increases. Employees who receive a "Below" rating will have their performance reviewed on a monthly basis in accordance with Article 24A of this Agreement and will become eligible for the salary and step rate increase previously denied effective upon the date of receiving a "Meets" or "Exceeds" rating. Section 12.3 The salary rate for new employees hired, reinstated or re-employed on or after July 1, 1990 shall be Step 1 for the job group of his/her position except in cases where a new employee is hired by a Department/Agency at a salary rate, approved by the Chief Human Resources Officer, above Step 1. However, new employees shall not be recruited into Unit 3 positions without the prior written agreement of the Union. A. Under the terms of this Agreement, an employee shall advance to the next higher salary step in his/her job group until the maximum salary rate is reached, unless he/she is denied such step rate by his/her Appointing Authority. An employee shall progress from one step to the next higher step after each fifty-two (52) weeks of creditable service in a step commencing from the first day of the payroll period immediately following his/her anniversary date. B. In the event an employee is denied a step rate increase by his/her Appointing Authority, he/she shall be given a written statement of reasons therefore not later than five (5) days preceding the date when the increase would otherwise have taken effect. Time off the payroll is not creditable service for the purpose of step rate increases. Section 12.5 Whenever an employee paid in accordance with the salary schedules provided in Appendix A of this Agreement receives a promotion to a higher job group, the employee's new salary rate shall be calculated as follows: 1. For employees who are below the maximum step within their current job: a. Determine the employee’s current salary rate and step within his/her current job group; then b. Find the salary rate of the next higher step within the employee’s current job group; and c. Multiply the employee’s current salary rate by one and three one- hundredths (1.03); then d. Compare the higher of the resultant amounts from b) or c) above to the salary rates for the higher job group into which the employee is being promoted. e. The employee’s salary rate shall be the first rate in the higher job group that at least equals the higher of the resultant amounts from d) above. f. In the event the application of the above formula results in a salary that is less than the amount the employee would receive had he/she been promoted to the next lower grade, the employee’s salary upon promotion shall be increased to the next higher step in the grade the employee is being promoted into. 2. For employees who are at the maximum step within their current job: a. Determine the employee’s current salary rate and step within his/her current job group; then, b. Multiply the employee’s current salary rate by one and three one- hundredths (1.03); then, c. Compare the resultant amount from b) above to the salary rates for the higher job group into which the employee is being promoted. d. The employee’s salary rate shall be the first rate in the higher job group that at least equals the resultant amount from c) above. A. Salary rates of full time employees are set forth in Appendix A of this Agreement, which is attached hereto and is hereby made a part of this Agreement. B. The salary rates set forth in Appendix A shall remain in effect during the term of this agreement. Salary rates shall not be increased or decreased except in accordance with the provisions of this Agreement. C. Employees shall be compensated on the basis of the salary rate for their official job classification. Section 12.7 A regular part-time employee shall be entitled to the provisions of this Article in the proportion that his/her service bears to full-time service. A. An employee entering a position within a bargaining unit covered by this Agreement from a position in an equivalent salary grade in a bargaining unit not covered by this Agreement shall be placed at the first step-in-grade up to the maximum of the grade, which at least equals the rate of compensation received immediately prior to his/her entry into the bargaining unit.
Determination of One-Month LIBOR Pursuant to the terms of the Global Agency Agreement, the Global Agent shall calculate the Class Coupons for the applicable Classes of Notes (including MAC Notes on which the Exchange Administrator has directed the Global Agent to make payments) for each Accrual Period (after the first Accrual Period) on the applicable LIBOR Adjustment Date. U.S. dollar deposits with a maturity of one month set by ICE Benchmark Administration Limited (“ICE”) as of 11:00 a.m. (London time) on the LIBOR Adjustment Date (the “ICE Method”). ICE’s Interest Settlement Rates are currently displayed on Bloomberg L.P.’s page “BBAM.” That page, or any other page that may replace page BBAM on that service or any other service that ICE nominates as the information vendor to display the ICE’s Interest Settlement Rates for deposits in U.S. dollars, is a “Designated Page.” ICE’s Interest Settlement Rates currently are rounded to five decimal places. If ICE’s Interest Settlement Rate does not appear on the Designated Page as of 11:00 a.m. (London time) on a LIBOR Adjustment Date, or if the Designated Page is not then available, One-Month LIBOR for that date will be the most recently published Interest Settlement Rate. If ICE no longer sets an Interest Settlement Rate, Xxxxxxx Mac will designate an alternative index that has performed, or that Xxxxxxx Mac (or its agent) expects to perform, in a manner substantially similar to ICE’s Interest Settlement Rate.
Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.
Interest Rates; LIBOR Notification The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurodollar Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. In the event that the London interbank offered rate is no longer available or in certain other circumstances as set forth in Section 2.14(c) of this Agreement, such Section 2.14(c) provides a mechanism for determining an alternative rate of interest. The Administrative Agent will notify the Borrower, pursuant to Section 2.14, in advance of any change to the reference rate upon which the interest rate on Eurodollar Loans is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “LIBO Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 2.14(c), will be similar to, or produce the same value or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability.
Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:
Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.
LIBOR Rate (A) Except as provided in subsection (C) below, Revolving Loans shall accrue interest at the LIBOR Rate plus the Applicable Margin. (B) The LIBOR Rate may be adjusted by Agent with respect to any Lender on a prospective basis to take into account any additional or increased costs to such Lender of maintaining or obtaining any eurodollar deposits or increased costs, in each case, due to changes in applicable Law occurring subsequent to the commencement of the then applicable Interest Period, including changes in tax laws (except changes of general applicability in corporate income tax laws) and changes in the reserve requirements imposed by the Board of Governors of the Federal Reserve System (or any successor), which additional or increased costs would increase the cost of funding loans bearing interest based upon the LIBOR Rate; provided, however, that notwithstanding anything in this Agreement to the contrary, (i) the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “change in applicable Law”, regardless of the date enacted, adopted or issued. In any such event, the affected Lender shall give Borrowers and Agent notice of such a determination and adjustment and Agent promptly shall transmit the notice to each other Lender and, upon its receipt of the notice from the affected Lender, Borrowers may, by notice to such affected Lender (I) require such Lender to furnish to Borrowers a statement setting forth the basis for adjusting such LIBOR Rate and the method for determining the amount of such adjustment, or (II) repay the Loans bearing interest based upon the LIBOR Rate with respect to which such adjustment is made. (C) In the event that any change in market conditions or any law, regulation, treaty, or directive, or any change therein or in the interpretation of application thereof, shall at any time after the date hereof, in the reasonable opinion of any Lender, make it unlawful or impractical for such Lender to fund or maintain Loans bearing interest based upon the LIBOR Rate or to continue such funding or maintaining, or to determine or charge interest rates at the LIBOR Rate, such Lender shall give notice of such changed circumstances to Agent and Borrowers and Agent promptly shall transmit the notice to each other Lender and (I) in the case of any outstanding Loans of such Lender bearing interest based upon the LIBOR Rate, the date specified in such Lender’s notice shall be deemed to be the last day of the Interest Period of such Loans, and interest upon such Lender’s Loans thereafter shall accrue interest at Base Rate plus the Applicable Margin, and (II) such Loans shall continue to accrue interest at Base Rate plus the Applicable Margin until such Lender determines that it would no longer be unlawful or impractical to maintain such Loans at the LIBOR Rate. (D) Anything to the contrary contained herein notwithstanding, neither Agent nor any Lender is required actually to acquire eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues based on the LIBOR Rate.
Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year
Limit on Rate of Interest (a) No Payment shall exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.
Pay Rate Sick leave pay shall be at the shift straight-time hourly rate.

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