Basic Monthly Pay definition

Basic Monthly Pay means the Employee's monthly salary provided for in Article 8 of this Agreement.
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Basic Monthly Pay means the employee's monthly salary provided for in Appendix I of this Agreement, but does not mean monthly compensation.
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Basic Monthly Pay means the employee's monthly pay provided for in Appendix I, II and III of this Agreement. Basic Monthly Pay includes an amount to compensate an Employee for his or her 24-hour duty allowance as provided for in Article 15 of this Agreement, his or her Preparation Pay as provided for in Article 45 of this Agreement, and his or her First Responder and First Aid Training Allowance as provided in Article 16 of this Agreement.
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Examples of Basic Monthly Pay in a sentence

  • In contrast to Pipeand Tube from Turkey, BRP argues, the record of the instant investigation does not support Yamaha’s claimed differences in the intensity of its inventory services offered to dealers and distributors.

  • Commencing January 1, 2012, Fire Chiefs, and Fire Captains shall receive an additional one and one-quarter percent (1.25%) of their Basic Monthly Pay as compensation for voluntary roll call.

  • Hired After January 1, 2006: In addition to the monthly pay prescribed elsewhere in this contract any full-time and permanent Employee shall receive, an amount equal to two and one-half percent (2.5%) of his or her Basic Monthly Pay deposited into a post-employment health care savings plan account, known as the Minnesota Health Care Savings Plan, administered by the Minnesota State Retirement System, established by the Employer in the name of the Employee.

  • In addition to the monthly pay prescribed elsewhere in this contract, and effective January 1, 2008, any full-time and permanent Employee shall receive an amount equal to one percent (1%) of his or her Basic Monthly Pay deposited into a post-employment health care savings plan account, known as the Minnesota Health Care Savings Plan, administered by the Minnesota State Retirement System, established by the Employer in the name of the Employee.

  • Effective January 1, 2026 Basic Monthly Pay shall be increased by 2.5% as indicated in Appendix III.

  • Effective January 1, 2015, Basic Monthly Pay of Employees in the various pay ranges shall be as follows: Range Step A Annual Monthly Step B Annual Monthly Step C Annual Monthly Step D Annual Monthly Step E Annual Monthly Any Employee hired before February 1, 1991, who is covered by the City's group health insurance plan, shall have added to his or her monthly salary the amount of $32.00.

  • Effective January 1, 2024, each Employees will receive each month an additional one percent (1.0%) of their Basic Monthly Pay to compensate Employees for such preparation periods.Effective January 1, 2025, each Employee will receive each month an additional one percent (1%) for a total of two percent (2%) of their Basic Monthly Pay to compensate Employees for preparation periods.

  • Effective January 1, 2025, each Employee shall receive each month an additional one percent (1.0 %) for a total of two percent (2.0%) of Basic Monthly Pay as compensation for law enforcement availability, assistance, response and crime intervention.

  • Effective January 1, 2024, each Employee shall receive each month an additional one percent (1.0%) of the Basic Monthly Pay to compensate Employee for training and proficiency in performing as a first responder, in every type of Emergency or trouble, including weapon calls and exposure to disease, and first aid training, and shall continue to receive this pay as long as the Employee participates as instructed in Employer offered in-service first aid training.

  • Effective January 1, 2025, each Employee shall receive each month an additional one percent (1.0%) for a total of two percent (2.0%) of Basic Monthly Pay to compensate Employees for training and proficiency in performing as a first responder.Effective January 1, 2026, each Employee shall receive each month an additional one percent (1.0%) for a total of three percent (3.0%) of Basic Monthly Pay to compensate Employee for training and proficiency in performing as a first responder.

Related to Basic Monthly Pay

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Monthly P&I means, with respect to any Receivable, the amount of each monthly installment of principal and interest payable with respect to such Receivable in accordance with the terms thereof, exclusive of any charges allocable to the financing of any insurance premium and charges which represent late payment charges or extension fees.

  • Assumed Monthly Payment With respect to (a) any Mortgage Loan that is a Balloon Mortgage Loan delinquent in respect of its Balloon Payment beyond the Determination Date immediately following its scheduled maturity date (as such date may be extended in connection with a bankruptcy, insolvency or similar proceeding involving the related Borrower or by reason of a modification, waiver or amendment granted or agreed to by the Master Servicer or the Special Servicer), for that scheduled maturity date and for each subsequent Due Date as of which such Mortgage Loan remains outstanding and part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due with respect to such Mortgage Loan on such Due Date equal to the amount (exclusive of Default Interest and any Post-ARD Additional Interest) that would have been due in respect thereof on such Due Date if such Mortgage Loan had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule (if any), in effect immediately prior to, and without regard to the occurrence of, such maturity date; and (b) any REO Mortgage Loan, for any Due Date as of which the related REO Property (or, in the case of any REO Mortgage Loan that is a successor to any Mortgage Loan in a Loan Combination, any interest in the related REO Property) remains part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Monthly Payment (or, in the case of a Balloon Mortgage Loan described in clause (a) of this definition, the Assumed Monthly Payment) that was due (or deemed due) with respect to the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan.

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

  • Initial Monthly Payment Fund An amount representing scheduled principal amortization and interest at the Net Mortgage Rate for the Due Date in the first Due Period commencing subsequent to the Cut-off Date for those Mortgage Loans for which the Trustee will not be entitled to receive such payment, and as more specifically defined in the Series Supplement.

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the Principal Collections during such Monthly Period, and (b) the denominator of which is the Combined Outstanding Principal Balances as of the beginning of such Monthly Period.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Monthly Servicing Fee shall have the meaning specified in subsection 3.01.

  • Monthly Period means the period from and including the first day of a calendar month to and including the last day of such calendar month.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • basic pay means the rate of pay negotiated by the parties to this Agreement, including add-to-pay resulting from salary protection.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Unscheduled Principal Receipt Period Either a Mid-Month Receipt Period or a Prior Month Receipt Period.