SENIORITY - CALCULATION OF Clause Samples

SENIORITY - CALCULATION OF. ‌ There shall be one (1) seniority list for all employees covered by this Agreement. The name of each employee shall be placed on the list in seniority order. Seniority shall be determined as follows:
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SENIORITY - CALCULATION OF. There shall be one (1) seniority list for all employees covered by this Agreement. The name of each employee shall be placed on the list in seniority order. Seniority shall be determined as follows: 6.2.1 Full-time employees shall accrue seniority on the basis of ten (10) months service equals one full year seniority. 6.2.2 Regular part-time or sessional employees shall accrue seniority pro- rated on the basis of ten (10) months full-time service equals one full year of seniority. Casual employees shall accrue seniority when a specific teaching assignment extends beyond five (5) days. 6.2.3 The seniority list shall be recalculated on June 30 and January 1 every year and shall be posted in each College campus and centre, with a copy to the Union. 6.2.4 Employees whose employment with the College has terminated shall forfeit all accrued seniority.
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SENIORITY - CALCULATION OF. There shall be one (1) seniority list for all employees covered by this Agreement. The name of each employee shall be placed on the list in seniority order. Seniority shall be determined as follows: 6.2.1 Full-time employees shall accrue seniority on the basis of ten-(10) months service equals one full year seniority. 6.2.2 Regular part-time or sessional employees shall accrue seniority pro- rated on the basis of ten (10) months full-time service equals one full year of seniority. Casual employees shall accrue seniority when a specific teaching assignment extends beyond five (5) days. 6.2.3 The seniority list shall be recalculated on June 30 and January 1 every year and shall be posted in each College campus and centre, with a copy to the Union. 6.2.4.1 Employees whose employment with the College has terminated shall forfeit all accrued seniority. 6.2.4.2 Sessional and Casual employees who have not been employed by the College within a two-year period of the last appointment shall forfeit all accrued seniority.
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SENIORITY - CALCULATION OF. Seniority - Calculation of
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Related to SENIORITY - CALCULATION OF

  • Interest Rates Payments and Calculations (a) Interest Rates. From the Effective Date, all Obligations charged to the Loan Account with respect to the Loans shall, subject to Section 2.5(c)(ii), bear interest payable in cash on the Outstanding Amount at a rate per annum equal to ABR plus the Applicable Margin and shall be payable in accordance with Section 2.5(c).

  • Interest Calculations Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods, and shall accrue daily commencing on the Original Issue Date until payment in full of the outstanding principal, together with all accrued and unpaid interest, liquidated damages and other amounts which may become due hereunder, has been made. Interest hereunder will be paid to the Person in whose name this Note is registered on the records of the Company regarding registration and transfers of this Note (the “Note Register”).

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations (a) Interest Rates. Except as provided in Section 2.13(c) and Section 2.15(a), all Obligations (except for the undrawn portion of the face amount of Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the lesser of (i) the LIBOR Rate plus the Applicable Margin, or (ii) the maximum rate of interest allowed by applicable laws; provided, that following notice to Borrower in accordance with Section 2.15(a) hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal, during the duration of the circumstances described in Section 2.15(a), to the lesser of (A) the Base Rate plus the Applicable Margin as calculated pursuant to Section 2.15(a) or (B) the maximum rate of interest allowable by applicable laws.

  • Proration of calculations If less than total program funding is subject to interest calculation procedures, the resulting interest liability calculations shall be prorated to 100% of program funding.