Accumulated earnings definition
Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentages determined by vacation entitlement are as follows: • 4% of accumulated wages if entitlement is 10 working days or less annually; • 6% of base earnings or adjusted earnings to date if entitlement is 15 working days annually; • 8% of base earnings or adjusted earnings to date if entitlement is 20 working days annually; • 10% of base earnings or adjusted earnings to date if entitlement is 25 working days annually plus any vacation bonus; • 12% of base earnings or adjusted earnings to date if entitlement is 30 working days annually plus any vacation bonus. If the reason for termination is the death of an employee, the payment will be made to the estate or beneficiary. For calculation purposes, the termination date is the employee's last day of work. The employee is removed from payroll on this date. In cases where the termination is due to causes other than death, the termination date must not be extended to permit use of outstanding vacation credits or lieu days which are paid for in cash on termination.
Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentages determined by vacation entitlement are as follows: If the reason for termination is the death of an employee, the payment will be made to the estate or beneficiary. For calculation purposes, the termination date is the employee's last day of work. The employee is removed from payroll on this date. In cases where the termination is due to causes other than death, the termination date must not be extended to permit use of outstanding vacation credits or lieu days which are paid for in cash on termination.
Accumulated earnings. A Participant's Account Value in excess of Purchase Payments received by us and which have not been returned to the Participant.
Examples of Accumulated earnings in a sentence
Accumulated earnings at 1 January represents accumulated operating revenue since the SDFI was established on 1 January 1985.
Accumulated earnings and hours may only be paid in straight time during periods of production shutdowns.
More Definitions of Accumulated earnings
Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentages determined by vacation entitlement are as follows: 4% of accumulated wages if entitlement is 10 working days or less annually;
Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentages determined by vacation entitlement are as follows: of accumulated wages if entitlement is working days or less annually; of base earnings or adjusted earnings to date if entitlement is working days annually; of base earnings or adjusted earnings to date if entitlement is working days annually; of base earnings or adjusted earnings to date if entitlement is working days annually plus any vacation bonus; of base earnings or adjusted earnings to date if entitlement is working days annually plus any vacation bonus. If the reason for termination is the death of an employee, the payment will be made to the estate or beneficiary. For calculation purposes, the termination date is the employee's last day of work. The employee is removed from payroll on this date. In cases where the termination is due to causes other than death, the termination date must not be extended to permit use of outstanding vacation credits or lieu days which are paid for in cash on termination. Deferment or Interruption of Vacations Reimbursement will be made for out-of-pocket expenses incurred by an employee who, at the request of the either defers an approved vacation or returns before the vacation has expired. When an employee is called back from vacation or when an employee’s vacation is cancelled at the request of the the employee shall receive premium rates of pay for all normal hours worked on cancelled vacation days for which seven calendar days’ notice has not been given up to a maximum of seven calendar days. Deferred or interrupted vacation days will be rescheduled at a later date. The following days are recognized by the as statutory holidays: New Year’s Day Boxing Day Canada Day Easter Monday Christmas Day Victoria Day Thanksgiving Day Good Friday Labour Day Civic Holiday If a statutory holiday falls on a day when an employee is off on sick leave, pay is not charged against sick leave credits for that day. A statutory holiday falling within an employee’svacation period is not counted as part of the vacation, but is taken as an extra day of holiday. Payment for statutory holidays will be on the basis of straight time for the normal hours of work per day. When Canada Day falls on a Saturday or Sunday, it shall be observed on the following Monday. When Christmas falls on a Friday and Boxing Day on Saturday, a holiday will be granted on the preceding Thursday. The days of ...
Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentages determined by vacation entitlement are as follows: 4% of accumulated wages if entitlement is 10 working days or less annually; 6% of base earnings or adjusted earnings to date if entitlement is 15 working days annually; 8% of base earnings or adjusted earnings to date if entitlement is 20 working days annually; 10% of base earnings or adjusted earnings to date if entitlement is 25 working days annually plus any vacation bonus; 12% of base earnings or adjusted earnings to date if entitlement is 30 working days annually plus any vacation bonus. If the reason for termination is the death of an employee, the payment will be made to the estate or beneficiary. For calculation purposes, the termination date is the employee's last day of work. The employee is removed from payroll on this date. In cases where the termination is due to causes other than death, the termination date must not be extended to permit use of outstanding vacation credits or lieu days which are paid for in cash on termination.
Accumulated earnings means the accrued income entitlement or income deficiency of the Unit Holder in relation to each Unit as determined in accordance with the provisions of Clause 15 hereof and not withdrawn pursuant to Clause 15(5) hereof but after deducting the fee payable pursuant to Clause 28(4) hereof or rule 9.1 of the schedule to this Trust Deed and any financial institutions duty or other imposts payable in respect of the application for or issue of the Unit.
Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. The appropriate percentages determined by vacation entitlement are as follows: • 6% of base earnings or adjusted earnings to date if entitlement is 15 working days annually; • 8% of base earnings or adjusted earnings to date if entitlement is 20 working days annually; • 10% of base earnings or adjusted earnings to date if entitlement is 25 working days annually plus any vacation bonus; • 12% of base earnings or adjusted earnings to date if entitlement is 30 working days annually plus any vacation bonus. If the reason for termination is the death of an employee, the payment will be made to the estate or beneficiary. For calculation purposes, the termination date is the employee's last day of work. The employee is removed from payroll on this date. In cases where the termination is due to causes other than death, the termination date must not be extended to permit use of outstanding vacation credits or lieu days which are paid for in cash on termination.
Accumulated earnings in this Section refers to base earnings, plus overtime pay, shift allowances, etc. • If an employee terminates between July 1, and December 31, he/she receives the following: