All purpose rate definition

All purpose rate means the rate of pay used to calculate one week’s normal pay. The all purpose rate excludes overtime; but includes penalty rates and shift premiums, and all allowances.
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All purpose rate means the rate applicable for calculating overtime and public holiday rates, which for a casual Employee includes the 25% casual loading. Example of calculation for a casual Employee: All purpose rate: Normal hourly rate, plus 25% Time and a half hourly rate: Normal hourly rate, plus 25% x (multiplied by) 1.5 Double time hourly rate: Normal hourly rate, plus 25% x (multiplied by) 2.0 Public holiday hourly rate: Hourly rate, plus 25% x (multiplied by) 2.5
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All purpose rate means the wage rate provided at Appendices A and B of this Agreement plus any applicable all-purpose allowance as prescribed within this Agreement for ordinary hours.
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Examples of All purpose rate in a sentence

  • All purpose rate" means the rate of pay used to calculate one week's normal pay.

  • All purpose rate" means the rate of pay used to calculate one week’s normal pay.

  • Example of calculation for a casual Employee: All purpose rate: Normal hourly rate, plus 25% Time and a half hourly rate: Normal hourly rate, plus 25% x (multiplied by) 1.5 Double time hourly rate: Normal hourly rate, plus 25% x (multiplied by) 2.0 Public holiday hourly rate: Hourly rate, plus 25% x (multiplied by) 2.5.


More Definitions of All purpose rate

All purpose rate has the meaning given in the award; “award” means the Gladstone Power Station Award—State; “company” means NRG Gladstone Operating Services Pty Ltd; “date of transfer” has the meaning given in the State agreement;
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All purpose rate means the rate defined in Part 7 of this Agreement applicable to
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All purpose rate means an hourly rate of $17.00 per hour which shall be inclusive of any casual loading and shall be paid for all hours worked.
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All purpose rate means the rate applicable for calculating overtime and public holiday rates, which for a casual Employee includes the 25% casual loading. Example of calculation for a casual Employee: • All purpose rate: Normal hourly rate, plus 25% • Time and a half hourly rate: Normal hourly rate, plus 25% x (multiplied by) 1.5 • Double time hourly rate: Normal hourly rate, plus 25% x (multiplied by) 2.0 • Public holiday hourly rate: Hourly rate, plus 25% x (multiplied by) 2.5 The casual loading is paid in lieu of any entitlement to annual leave and public holidays. A casual employee has no entitlement to paid personal (sick)/xxxxx's leave or compassionate leave, however, a casual employee is entitled to up to two days per occasion to unpaid carer's leave.
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All purpose rate means the rate defined in Part 7 of this Agreement applicable to Professional Locomotive Operating Grade Employees, as per the particular Employee’s classification.
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All purpose rate means rate of pay for all hours worked with all-purpose allowances included e.g. Leading Hand Allowance and First Aid Allowance (where applicable).
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Related to All purpose rate

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • Reset Reference Rate means in respect of a Reset Period, the gross redemption yield (as calculated by the Agent Bank on the basis set out by the United Kingdom Debt Management Office in the paper “Formulae for Calculating Gilt Prices from Yields”, page 5, Section One: Price/Yield Formulae “Conventional Gilts”; Double dated and Undated Gilts with Assumed (or Actual) Redemption on a Quasi-Coupon Date (published 8 June 1998, as amended or updated from time to time) or if such basis is no longer in customary market usage at such time, in accordance with generally accepted market practice at such time, on a semi-annual compounding basis (rounded up (if necessary) to four decimal places) of the Benchmark Gilt in respect of that Reset Period, with the price of the Benchmark Gilt for the purpose of determining the gross redemption yield being the arithmetic average (rounded up (if necessary) to the nearest 0.001 per cent. (0.0005 per cent. being rounded upwards)) of the bid and offered prices of such Benchmark Gilt quoted by the Reset Reference Banks at 11.00 a.m. (London time) on the Reset Determination Date in respect of such Reset Period on a dealing basis for settlement on the next following dealing day in London. Such quotations shall be obtained by or on behalf of the Issuer and provided to the Agent Bank. If at least four quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If only two or three quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided. If only one quotation is provided, the Reset Reference Rate will be determined by reference to the rounded quotation provided. If no quotations are provided, the Reset Reference Rate will be the previous Reset Reference Rate or (in the case of the first Reset Period) 1.581 per cent., where:

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Reference Rate means the rate specified as such hereon.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Mid-Swap Rate means, in relation to a Reset Determination Date and subject to Condition 3(b)(ii), either:

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.