Applicable Hourly Rate definition

Applicable Hourly Rate means the straight time rate per hour provided under Schedules 'F' and 'G' and applicable to the work an employee is performing at any time, but does not include holiday pay, Sunday premium, shift premium or overtime premium.
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Applicable Hourly Rate means the hourly rate of the officers and employees of the Servicer as set forth on Exhibit A.
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Applicable Hourly Rate for each employee is set forth on Schedule D (in the case of Liquidating Trust) and Schedule F (in the case of Reorg. WMI) and shall be equal to (A) such employee’s aggregate compensation (which includes annual base salary, target bonus, if any, and benefits), divided by (B) the number of hours associated with such employee’s terms of employment. For purposes of this Agreement, “full-time employment” assumes an employee works 2,080 hours annually. The Service Provider shall provide a general description of tasks performed during hours such employee spent performing the Services. The Applicable Hourly Rate and Maximum Hours Allocation are set forth on Schedule D (in the case of Liquidating Trust) and Schedule F (in the case of Reorg. WMI). An illustrative example of the form of monthly invoice to be submitted periodically to Reorg. WMI is appended to this Agreement on Schedule G.
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Examples of Applicable Hourly Rate in a sentence

  • The hourly rate of pay for all work after 8 work hours shall be three (3) times the Applicable Hourly Rate.

  • The hourly rate of pay for all work after twelve (12) workhours shall be three (3) times the Applicable Hourly Rate.

  • The hourly rate of pay for all work after twelve (12) work hours shall be two and one half (2.50) times the Applicable Hourly Rate.

  • Applicable Hourly Rate" is the rate of pay, whether regular/base rate or time and one-half, which applies to the work in question.

  • The hourly rate of pay for all workafter twelve (12) work hours shall be two and one half (2.50) times the Applicable Hourly Rate.

  • If the Servicer is requested by the Lender to provide any reports or information other than the Servicer Report, the Servicer shall promptly be paid, as additional servicing fee, according to the Applicable Hourly Rate for providing such additional reports or information.

  • The Servicer shall, at its cost and expense, cooperate with (based upon reasonable requests by) the Collateral Agent, the Borrower and the Lender to effect any such sale, provided, that, if such sale does not close, the Servicer shall be promptly paid, as additional servicing fee, according to the Applicable Hourly Rate for such cooperation.

  • The Applicable Hourly Rate and Maximum Hours Allocation are set forth on Schedule D (in the case of Liquidating Trust) and Schedule F (in the case of Reorg.


More Definitions of Applicable Hourly Rate

Applicable Hourly Rate means the employee’s basic hourly rate plus, to the extent applicable, any premium that applies under Article 5.
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Applicable Hourly Rate shall for the purpose of this clause means the hourly all purpose rate the employee otherwise would have been entitled to receive under this agreement including leading hand allowance if applicable
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