WAGE POLICIES Sample Clauses

WAGE POLICIES. 7.01 Individual base rates and hourly rates in effect on the effective date of this Agreement shall remain in effect during the life of this Agreement except that a change in any rate may be made by mutual agreement. Job descriptions will be accessible to the affected employees and the Union time study. Copies of pending and future job evaluations will be shared with the Union. Upon request all information will be copied or duplicated and furnished to the Union with the understanding that information not pertinent to the evaluation will not be included in the copy. Information furnished will not be disclosed to any party not directly concerned with the evaluation in question or the administration of the Union. The Company will provide a list of jobs and rates separately on an annual basis, with extra copies to be posted in the plant. 7.02 Incentive standards shall be established or revised in accordance with the time study practices of the Company which will provide for the accurate measurement of the physical effort required to perform operations. New or revised standards, posted on the shop floor, shall be accompanied with job procedures. The job procedures shall include elements to be completed, the order of those elements, materials and tools. When a standard is revised because one or more elements have changed, an explanation shall be posted with the aforementioned job procedures. a) where an employee was paid on incentive immediately prior to the application of the estimated standard, payments in accordance with clause 7.17. b) where an employee was paid an hourly rate immediately prior to the application of the estimated standard, his/her hourly rate. It is recognized there may be temporary periods of time when incentive standards may not conform to the foregoing due to minor changes in work content which may increase or decrease the incentive standard in effect. In such instances, the Company shall have the right to either cancel or apply such standards and if an increase in effort is required, the Company shall modify the estimated standard and back pay accordingly. (a) No employee on incentive shall be paid in excess of the Minimum Rate Guarantee (MRG), except that employees will have the opportunity to earn and be paid in excess of the MRG up to a maximum of 120% efficiency. The following exceptions must be approved by the employee’s supervisor for payment at ASTHE: (i) attendance at a meeting requested by Management (ii) medical tests and safet...

WAGE POLICIES. For factory injuries requiring first aid or outside medical attention, payment shall be allowed for the remainder of the normal shift hours during which the accident occurred or until the employee returns to work, whichever is the sooner, at the employee's base rate plus shift premium where applicable except that for employees working on incentive, payment will be at base rate x plus shift premium where applicable. The above, with respect to medical attention, applies only when the employee agrees to be treated by a doctor available in the municipality in which the plant is located. (A) On the day of inventory, employees shall be paid their base rate plus shift premium where applicable for employees so engaged except that for employees working on incentive, payment will be at base rate x plus shift premium where applicable. Experimental work shall be paid for at the base rate of employees so engaged plus shift premium where applicable except that for employees working on incentive, payment will be at base rate x plus shift premium where applicable. For all work performed on scheduled second and third shifts between the hours of and am the Company will pay a night shift premium of cents per hour. Employee punching in late will be paid from the beginning of the next six hundredth hour period. Employees reporting for work, who had no reason to believe work was not available, shall be provided with a minimum of four hours work or pay in lieu thereof at base rate plus shift premium where applicable except that for employees who work on incentive, payment will be at base rate x plus shift premium where applicable. This payment will not apply in the case of major mechanical or electrical breakdown, fire, flood, labour dispute or other cause beyond the control of the Company. However, anytime work is not going to be available the company will make every reasonable effort to advise the employees. An employee who is specially called in to work in any emergency at any time after the close of shift, shall be through when this emergency is over, but shall nevertheless receive a minimum of four hours pay at base rate plus the applicable overtime rate plus shift premium where applicable, except that for an incentive employee, payment will be at the base rate plus the applicable overtime rate plus shift premium, plus times the base rate when the opportunity to earn incentive is not present. In the event of bereavement in the employee's family, which shall include father, ...

WAGE POLICIES. 7.01 Individual base rates and hourly rate ceilings in effect on the 7.02 Incentive standards shall be established or revised in accordance with the time study practices of the Company which will provide for the accurate measurement of the physical effort required to perform operations. In the revision of an incentive standard, only the elements affected by a change in method, equipment, products, tools, materials, design, or other production conditions shall be revised. Measured Daywork Standards for all other operations and jobs will be established in accordance with this paragraph to set expected production targets and work content expected for the various hourly-rated production and non-production jobs within the plant. Measured Daywork Standards differ from Incentive Standards in that they are not used to establish employees' earnings and are, therefore, not subject to any guaranteed elements and can be changed as necessary to meet changing needs. The overall intent is that eight (8) hours work is expected of each employee for eight (8) hours pay. Estimated Incentive Standards: Estimated incentive standards may be established and used for certain periods of time to provide incentive standard coverage on various operations until incentive standards are made effective. The life of an estimated standard is sixty (60) days, and can only be extended by mutual agreement. When establishing an estimated incentive standard, a procedure covering the operation must be drafted before time studies are taken. Estimated standards differ from permanent standards in that the elemental values are not guaranteed, and when replaced by a permanent standard, the values of the permanent standard can be established without any reference to the elemental values of the estimated standard. All data for estimated standards is to be available to the Union upon request. Grievances on estimated standards can be negotiated up to and including the third step level. If no agreement is reached at third step between the Company and the Union, the estimated standard shall be automatically cancelled. All meetings requested by the Union or the Company on procedures, explanations or protests shall be paid for at the customary hourly rate or base rate and average unit hour on the same basis as is now in effect on permanent standards. Any increase negotiated on estimated standards shall be retroactive to the date of posting. Estimated standards in effect in the various departments will be rev...

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Leave Policies 13 5.01 Sick Leave .................................................................. 13 5.011 Entitlement ........................................................ 13 5.012 Accumulation ..................................................... 13 5.013 Reasons ............................................................ 13 5.014 Sick Leave Advance .......................................... 14 5.015 Statement .......................................................... 14 5.016 Falsification ....................................................... 14 5.02
Title Insurance Policies The Borrower will deliver to the Administrative Agent a policy of title insurance (or marked-up title insurance commitment or title proforma having the effect of a policy of title insurance) (a “Title Policy”) insuring the Lien of such Mortgage as a valid first mortgage or deed of trust Lien on the Mortgaged Property described therein in an amount not less than the estimated fair market value of such Mortgaged Property as reasonably determined by the Borrower, which Title Policy shall (A) be issued by a nationally-recognized title insurance company reasonably acceptable to the Administrative Agent (the “Title Company”), (B) include such reinsurance arrangements (with provisions for direct access, if necessary) as shall be reasonably acceptable to the Administrative Agent, (C) be supplemented by a “tie-in” or “aggregation” endorsement, if available under applicable law, and such other endorsements as may reasonably be requested by the Administrative Agent (including (to the extent available in the applicable jurisdiction and/or with respect to the Mortgaged Property, in each case, on commercially reasonable terms) endorsements on matters relating to usury, first loss, zoning, contiguity, revolving credit, doing business, public road access, survey, variable rate, environmental lien, subdivision, mortgage recording tax, separate tax lot, and so-called comprehensive coverage over covenants and restrictions) if available under applicable law at commercially reasonable rates and (D) contain no other exceptions to title other than Permitted Liens and other exceptions acceptable to the Administrative Agent in its reasonable discretion;
Claims Made Policies If any of the required policies provide coverage on a claims-made basis: 11.5.1 The Retroactive Date must be shown and must be before the date of the contract or the beginning of contract work. 11.5.2 Insurance must be maintained and evidence of insurance must be provided for at least five (5) years after completion of the contract of work. 11.5.3 If coverage is canceled or non-renewed, and not replaced with another claims-made policy form with a Retroactive Date prior to the contract effective date, the Contractor must purchase “extended reporting” coverage for a minimum of five (5) years after completion of contract work.
Title Policies The Title Company shall be prepared, -------------- subject only to payment of the applicable premium, endorsement and related fees and delivery of all conveyance documents in recordable form, to issue a title insurance policy to Purchaser, subject only to the Permitted Encumbrances, in accordance with Section 3.3. -----------
Personnel Policies The School shall adopt, update, and adhere to personnel policies. These policies must be made readily accessible from the School’s website or school office, as described in Section 11.4. 1. If the policy is not available from the School’s website, the School shall submit the current policy to the Commission.
Insurance Policies Insurance required herein shall be by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, as set forth in the most current issue of "Best's Insurance Guide", or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which invalidates the required insurance policies. Lessee shall, prior to the Start Date, deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of the required insurance. No such policy shall be cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If either Party shall fail to procure and maintain the insurance required to be carried by it, the other Party may, but shall not be required to, procure and maintain the same.
Other Insurance Policies No action, inaction or event has occurred and no state of facts exists or has existed that has resulted or will result in the exclusion from, denial of, or defense to coverage under any applicable special hazard insurance policy, PMI Policy or bankruptcy bond, irrespective of the cause of such failure of coverage. In connection with the placement of any such insurance, no commission, fee, or other compensation has been or will be received by Seller or by any officer, director, or employee of Seller or any designee of Seller or any corporation in which Seller or any officer, director, or employee had a financial interest at the time of placement of such insurance.
Maintenance of the Primary Insurance Policies; Collections Thereunder (a) The Master Servicer shall not take, or permit any Subservicer to take, any action which would result in non-coverage under any applicable Primary Insurance Policy of any loss which, but for the actions of the Master Servicer or Subservicer, would have been covered thereunder. To the extent coverage is available, the Master Servicer shall keep or cause to be kept in full force and effect each such Primary Insurance Policy until the principal balance of the related Mortgage Loan secured by a Mortgaged Property is reduced to 80% or less of the Appraised Value in the case of such a Mortgage Loan having a Loan-to-Value Ratio at origination in excess of 80%, provided that such Primary Insurance Policy was in place as of the Cut-off Date and the Company had knowledge of such Primary Insurance Policy. The Master Servicer shall be entitled to cancel or permit the discontinuation of any Primary Insurance Policy as to any Mortgage Loan, if the Stated Principal Balance of the Mortgage Loan is reduced below an amount equal to 80% of the appraised value of the related Mortgaged Property as determined in any appraisal thereof after the Closing Date, or if the Loan-to-Value Ratio is reduced below 80% as a result of principal payments on the Mortgage Loan after the Closing Date. In the event that the Company gains knowledge that as of the Closing Date, a Mortgage Loan had a Loan-to-Value Ratio at origination in excess of 80% and is not the subject of a Primary Insurance Policy (and was not included in any exception to the representation in Section 2.03(b)(iv)) and that such Mortgage Loan has a current Loan-to-Value Ratio in excess of 80% then the Master Servicer shall use its reasonable efforts to obtain and maintain a Primary Insurance Policy to the extent that such a policy is obtainable at a reasonable price. The Master Servicer shall not cancel or refuse to renew any such Primary Insurance Policy applicable to a Nonsubserviced Mortgage Loan, or consent to any Subservicer canceling or refusing to renew any such Primary Insurance Policy applicable to a Mortgage Loan subserviced by it, that is in effect at the date of the initial issuance of the Certificates and is required to be kept in force hereunder unless the replacement Primary Insurance Policy for such canceled or non-renewed policy is maintained with an insurer whose claims-paying ability is acceptable to each Rating Agency for mortgage pass-through certificates having a rating equal to or better than the lower of the then-current rating or the rating assigned to the Certificates as of the Closing Date by such Rating Agency. (b) In connection with its activities as administrator and servicer of the Mortgage Loans, the Master Servicer agrees to present or to cause the related Subservicer to present, on behalf of the Master Servicer, the Subservicer, if any, the Trustee and Certificateholders, claims to the related Insurer under any Primary Insurance Policies, in a timely manner in accordance with such policies, and, in this regard, to take or cause to be taken such reasonable action as shall be necessary to permit recovery under any Primary Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 3.07, any Insurance Proceeds collected by or remitted to the Master Servicer under any Primary Insurance Policies shall be deposited in the Custodial Account, subject to withdrawal pursuant to Section 3.10.
Deductibles and Self-Insurance Retentions Any deductibles or self-insured retentions must be declared to and approved by the City. The City may require the Consultant to provide proof of ability to pay losses and related investigation, claims administration and defense expenses within the deductible or self-insured retention. The deductible or self-insured retention may be satisfied by either the named insured or the City.
Policies All policies of insurance (the “Policies”) required pursuant to Section 7.1.1 above shall (i) be issued by companies approved by Lender and licensed to do business in the State, with a claims paying ability rating of “A” or better by S&P (and the equivalent by any other Rating Agency) (provided, however for multi-layered policies, (A) if four (4) or less insurance companies issue the Policies, then at least 75% of the insurance coverage represented by the Policies must be provided by insurance companies with a claims paying ability rating of “A” or better by S&P (and the equivalent by any other Rating Agency), with no carrier below “BBB” (and the equivalent by any other Rating Agency) or (B) if five (5) or more insurance companies issue the Policies, then at least sixty percent (60%) of the insurance coverage represented by the Policies must be provided by insurance companies with a claims paying ability rating of “A” or better by S&P (and the equivalent by any other Rating Agency), with no carrier below “BBB” (and the equivalent by any other Rating Agency), or a rating of A:XV or better in the current Best’s Insurance Reports; (ii) name Lender and its successors and/or assigns as their interest may appear as the mortgagee (in the case of property insurance), loss payee (in the case of business interruption/loss of rents coverage) and an additional insured (in the case of liability insurance); (iii) contain (in the case of property insurance) a Non-Contributory Standard Mortgagee Clause and a Lender’s Loss Payable Endorsement, or their equivalents, naming Lender as the person to which all payments made by such insurance company shall be paid; (iv) contain a waiver of subrogation against Lender; (v) be assigned and the originals thereof delivered to Lender; (vi) contain such provisions as Lender deems reasonably necessary or desirable to protect its interest, including (A) endorsements providing that neither Borrower, Lender nor any other party shall be a co-insurer under the Policies, (B) that Lender shall receive at least thirty (30) days’ prior written notice of any modification, reduction or cancellation of any of the Policies, (C) an agreement whereby the insurer waives any right to claim any premiums and commissions against Lender, provided that the policy need not waive the requirement that the premium be paid in order for a claim to be paid to the insured and (D) providing that Lender is permitted to make payments to effect the continuation of such policy upon notice of cancellation due to non-payment of premiums; (vii) in the event any insurance policy (except for general public and other liability and workers compensation insurance) shall contain breach of warranty provisions, such policy shall provide that with respect to the interest of Lender, such insurance policy shall not be invalidated by and shall insure Lender regardless of (A) any act, failure to act or negligence of or violation of warranties, declarations or conditions contained in such policy by any named insured, (B) the occupancy or use of the premises for purposes more hazardous than permitted by the terms thereof, or (C) any foreclosure or other action or proceeding taken by Lender pursuant to any provision of the Loan Documents; and (viii) be satisfactory in form and substance to Lender and approved by Lender as to amounts, form, risk coverage, deductibles, loss payees and insureds. Borrower shall pay the premiums for such Policies (the “Insurance Premiums”) as the same become due and payable and furnish to Lender evidence of the renewal of each of the Policies together with (unless such Insurance Premiums have been paid by Lender pursuant to Section 3.3 hereof) receipts for or other evidence of the payment of the Insurance Premiums reasonably satisfactory to Lender. If Borrower does not furnish such evidence and receipts at least thirty (30) days prior to the expiration of any expiring Policy, then Lender may, but shall not be obligated to, procure such insurance and pay the Insurance Premiums therefor, and Borrower shall reimburse Lender for the cost of such Insurance Premiums promptly on demand, with interest accruing at the Default Rate. Borrower shall deliver to Lender a certified copy of each Policy within thirty (30) days after its effective date. Within thirty (30) days after request by Lender, Borrower shall obtain such increases in the amounts of coverage required hereunder as may be reasonably requested by Lender, taking into consideration changes in the value of money over time, changes in liability laws, changes in prudent customs and practices, and the like.

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