Stat Pay Calculation Sample Clauses

Stat Pay Calculation. Pay for Statutory holidays will be calculated as per BC Employment Standards. For detailed calculation, please refer to BC Employment Standards. Eligibility To be eligible for Statutory holiday pay an employee must:  Have been employed for 30 calendar days before the Statutory holiday and,  Have worked or earned wages on 15 of the 30 days immediately before the Statutory holiday. Statutory holiday on a day off When an employee is given off on a Statutory holiday, or it falls on a regular day off, an eligible employee is entitled to be paid an average day’s pay. Working on a Statutory holiday An eligible employee who works on a Statutory holiday is entitled to be paid:  time-and-a-half for the first 12 hours worked and double time for any work over 12 hours; plus  an average day’s pay.
Sample 1
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Stat Pay Calculation. Pay for Statutory holidays will be calculated as per BC Employment Standards. Guidelines below are for reference purposes only. Guidelines below are for reference purposes only. For detailed calculation, please refer to BC Employment Standards. Eligibility To be eligible for Statutory holiday pay an employee must:  Have been employed for 30 calendar days before the Statutory holiday and,  Have worked or earned wages on 15 of the 30 days immediately before the Statutory holiday. Statutory holiday on a day off When an employee is given off on a Statutory holiday, or it falls on a regular day off, an eligible employee is entitled to be paid an average day’s pay. Working on a Statutory holiday An eligible employee who works on a Statutory holiday is entitled to be paid:  time-and-a-half for the first 12 hours worked and double time for any work over 12 hours; plus  an average day’s pay. Article 5 - ANNUAL VACATION Entitlement Vacations cannot be taken prior to being earned.
Sample 1

Related to Stat Pay Calculation

  • Overtime Pay Calculation Overtime shall not be claimed or received for less than fifteen (15) minutes. If overtime amounts to fifteen (15) minutes, or more, it shall be paid for the total period.

  • Payment Calculation District shall pay Contractor at a rate of $ per . OR District shall pay Contractor as described in attached Exhibit A

  • 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 CALCULATION COSTS 10.1 As set forth in 31 CFR 205.27, interest calculation costs are defined as those costs necessary for the actual calculation of interest, including the cost of developing and maintaining clearance patterns in support of the interest calculations. Interest calculation costs do not include expenses for normal disbursing services, such as processing of checks or maintaining records for accounting and reconciliation of cash balances, or expenses for upgrading or modernizing accounting systems. Interest calculation costs in excess of $50,000 in any year are not eligible for reimbursement, unless the State provides justification with the annual report.

  • How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your account agreement for more details.

  • Salary Rate Calculation and Payment The biweekly salary rate of employees serving on twelve (12) month (calendar year) appointments shall be calculated by dividing the calendar year salary rate by 26.1 pay periods.

  • Calculation of Overtime If the overtime work has been carried out before as well as after the regular working hours during a certain day, the overtime periods shall be added together. Only full half hours are included in the calculation.

  • Overtime Calculation For the purpose of overtime calculation only, approved or scheduled time off work will be considered the same as time worked.

  • Calculation of Pay Each institution will review its division of annual pay into pay periods to ensure that employees receive the full or pro-rated (as applicable) gross annual salary in the Provincial Salary Scale in Appendix A.

  • 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. “One-Month LIBOR” will be determined by using the “Interest Settlement Rate” for 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, Freddie Mac will designate an alternative index that has performed, or that Freddie Mac (or its agent) expects to perform, in a manner substantially similar to ICE’s Interest Settlement Rate.

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