SPREADOVER PREMIUM Clause Samples
The Spreadover Premium clause defines the additional payment required when a party seeks to extend or spread out the payment of a principal amount over a longer period than originally agreed. In practice, this clause applies when a borrower or buyer requests to pay in installments or over an extended schedule, and the premium compensates the other party for the delayed receipt of funds. Its core function is to ensure that the party granting the extended payment terms is fairly compensated for the time value of money and any additional risk associated with the longer payment period.
SPREADOVER PREMIUM. The Spreadover premium provided in “O”-3.03.1 shall be paid for time worked from the eleventh hour of total elapsed time and Compressed Work Week indexes may be extended to a maximum of 13 hours of total elapsed time.
SPREADOVER PREMIUM. 64 11.15 Compressed Work Week Indexes And The Spareboard 64 11.16 Maximum Number Of Compressed Indexes 65
SPREADOVER PREMIUM. The Spreadover premium provided in shall be paid for time worked from the eleventh hour of total elapsed time and Compressed Work Week indexes may be extended to a maximum of hours of total elapsed time. procedures.
SPREADOVER PREMIUM. A premium of 12.5 percent of the regular hourly rate will be paid for each hour or portion thereof of spreadover. Spreadover shall be paid at the Operator 1 rate of pay and that shall constitute the 12.5 percent premium.
SPREADOVER PREMIUM. A premium of 25 percent of the regular hourly rate will be paid for each hour or portion thereof of spreadover.
SPREADOVER PREMIUM. A Spreadover premium shall apply to the normal days of work on a split shift which exceeds ten hours duration from the start of the first piece of work to the end of the last piece of work. The spreadover premium shall be 25% of the Employee’s regular straight- time rate and shall be paid for the time worked from the tenth hour of total elapsed time.
SPREADOVER PREMIUM. The Spreadover premium provided in shall be paid for time worked from the eleventh hour of total elapsed time and Compressed Work Week indexes may be extended to a maximum of hours of total elapsed time. Open Compressed Work Week indexes shall be assigned by regular spareboard procedures. A Spareboard Operator forced to cover a Compressed Work Week index at the 13: sign-up may request, at the time he is forced, that the Depot Office Supervisor split the index at hours. Except where service to the public may be adversely affected, the split will be made at