Adjusted Rate definition

Adjusted Rate is the Employee's hourly rate plus the hourly rate for any other item required by law to be included in the adjusted rate. Compensatory time shall accrue at the rate of one and one-half (1-1/2) hours of compensatory time for each overtime hour worked. An Employee cannot elect compensatory time when working a special event on a voluntary basis.

Adjusted Rate has the meaning assigned in Section 2.2.

Adjusted Rate means a rate other than the established fixed rate of reimbursement.

Examples of Adjusted Rate in a sentence

• If the arbitrator awards back pay, the employee shall receive pay for time lost at the employee's Adjusted Rate plus any tour differentials to which the employee would have been entitled if not suspended.

• Any retroactive pay accorded shall be based on the employee’s Adjusted Rate plus evening or night differential, if applicable, less any amount, other than wages, received from the Company, and any amount paid to or receivable by the employee as wages in other employment, and as unemployment benefits under any present or future provision of law for the period of the retroactive pay treatment.

• The Hourly Adjusted Rate is the rate determined by dividing the Adjusted Rate by the number of hours in a full-time employee’s normal work week.

• Such Adjusted Rate shall be used to calculate overtime payments, percentage payments for tour bonuses, paid absences, termination payments, and basic pay for group insurance and Savings and Security Plan allotments.

• In the absence of an effective election by Maker of the LIBOR Adjusted Rate in accordance with the above procedures prior to the expiration of the then current LIBOR Period with respect to any LIBOR Increment, interest on such LIBOR Increment shall accrue at the CB Floating Rate, effective immediately upon the expiration of such LIBOR Period.

More Definitions of Adjusted Rate

Adjusted Rate means the Federal Funds Rate as such Federal Funds Rate may change from time to time, plus the Rate Spread, however, in no event shall the Adjusted Rate be less than Five Percent (5%) per annum.

Adjusted Rate means on any given day the rate selected by the Borrower pursuant to Section 5.1 of the Agreement as in effect on the Closing Date, or any successor section thereto.

Adjusted Rate means the rate per 1,000 gallons as adjusted in accordance with the provisions of Sections 7(a) of this Agreement, based upon any increase in the: (a) Operating Cost Portion; and (b) the Capital Cost Recovery Portion.

Adjusted Rate means the rate equal to the sum of 50 basis points plus the interest rate borne by the Initial Loans on the day immediately preceding the Initial Maturity Date.

Adjusted Rate means the rate determined on the Optional Prepayment Date ------------- and on each anniversary thereof as the greater of (xx) the Base Rate plus 2% per annum and (yy) the yield, calculated by linear interpolation (rounded to three decimal places), of the yields of United States Treasury Constant Maturities with the terms (one longer and one shorter) most nearly approximating those of U.S. Obligations having maturities as close as possible to the tenth anniversary of the Optional Prepayment Date, as determined by the Lender on the basis of Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Governmental Security/Treasury Constant Maturities, or other recognized source of financial market information selected by the Lender in each case on the last Business Day of the week immediately prior to the Optional Prepayment Date and each subsequent anniversary thereof, as the case may be, plus 3.775% per annum.

Adjusted Rate means 2.00% per annum.

Adjusted Rate means LIBOR plus 250 basis points as of the Adjustment Date.