Vacation Rate of Pay Sample Clauses

Vacation Rate of Pay. Each employee shall be compensated while on vacation at the rate of pay in effect for them at the time vacation credits are used.
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Vacation Rate of Pay a. Employees will be paid for each week of vacation the greater of:
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Vacation Rate of Pay. Vacation pay will be computed at the appropriate rate earned by the member at the time the vacation is actually taken.
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Vacation Rate of Pay a. Employees will be paid for each week of vacation the greater of: forty (40) multiplied by the Regular Rate of Pay of the Employee’s incumbent job as of January 1 of the vacation year, or the Employee’s average hours worked per week in the preceding year, not to exceed forty eight (48) hours, multiplied by the Base Rate of Pay of the Employee’s incumbent job as of January 1 of the vacation year (such amount Vacation Rate of Pay). In calculating the Employee’s average hours worked, the Company shall include:
Sample 1
Vacation Rate of Pay. The rate at which vacation is paid shall be the employee's current rate of pay. An employee whose vacation is earned and begun under a given status shall suffer no loss of earned vacation salary by reason of subsequent changes in conditions of employment.
Sample 1
Vacation Rate of Pay. The hourly rate to be used to determine vacation pay shall be the average straight-time hourly earnings, including incentive earnings (if applicable), but excluding all other premiums, for the last four pay periods worked immediately preceding the week prior to the week in which the employee's vacation commences.
Sample 1
Vacation Rate of Pay. FULL-TIME Vacation pay for a full time employee shall be 40 hours at their regular hourly rate for each week of vacation to which they are entitled. NON FULL-TIME A part- time employee shall receive 4% of gross earnings inclusive in their hourly rate.
Sample 1
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Vacation Rate of Pay. The rate of pay for vacation pay purposes shall be computed as follows:
Sample 1

Related to Vacation Rate of Pay

  • Vacation During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • 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.

  • 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.

  • Alternate Rate of Interest If prior to the commencement of any Interest Period for a Eurodollar Borrowing:

  • Accrued Salary and Vacation On the Separation Date, the Company will pay you all accrued salary and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.

  • Annual Base Salary During the Term, the Executive shall receive a base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

  • Base Salary During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $250,000, payable in regular installments in accordance with the Company's usual payment practices. Executive shall be entitled to such increases in Executive's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

  • Base Annual Salary “Base Annual Salary” means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).

  • Normal rate of interest Subject to the provisions of this Agreement, the rate of interest on the Loan in respect of an Interest Period shall be the aggregate of the Margin and LIBOR for that Interest Period.

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