Service Computation Date (SCD) and Index Rate Determination Sample Clauses

Service Computation Date (SCD) and Index Rate Determination. A regular employee’s Service Computation Date (SCD) determines his/her Index rate. The SCD is computed by adjusting the employee’s current hire date for any prior service with the County as a regular employee, and for any Leave Without Pay (LWOP). The employee's SCD does not affect or determine his/her probationary period or when s/he receives performance evaluations.
Sample 1Sample 2Sample 3See All (28)
AutoNDA by SimpleDocs
Service Computation Date (SCD) and Index Rate Determination. For employees hired on or before June 30, 2013, the Service Computation Date (SCD) determines their Index Rate. The SCD is computed by adjusting their current hire date for any prior service with the County as a regular employee, and for any Leave Without Pay (LWOP). For employees hired on or after July 1, 2013, the Service Computation Date (SCD) determines their Index Rate, unless specifically stated otherwise. The SCD is computed by adjusting their current hire date by any Leave Without Pay (LWOP).
Sample 1

Related to Service Computation Date (SCD) and Index Rate Determination

  • INDEPENDENT PRICE DETERMINATION 6.1 By signing and submitting this bid, the Bidder certifies that the prices in this bid have been arrived at independently, without consultation, communication or agreement, for the purpose of restricting competition, as to any matter relating to such prices with any other Bidder or with any competitor; unless otherwise required by law, the prices which have been quoted in this bid have not been knowingly disclosed by the Bidder prior to bid opening directly or indirectly to any other Bidder or to any competitor; no attempt has been made, or will be made, by the Bidder to induce any person or firm to submit, or not to submit, a bid for the purpose of restricting competition.

  • Inability to Determine Rates If the Required Lenders determine that for any reason in connection with any request for a Eurodollar Rate Loan or a conversion to or continuation thereof that (a) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar Rate Loan, (b) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan, or (c) the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!