Basic Periodic Rate of Pay definition

Basic Periodic Rate of Pay means a rate of pay for a period worked that does not include incentive-based payments and bonuses, loadings, monetary allowances, penalty rate or any other similar separately identifiable entitlements.
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Basic Periodic Rate of Pay means a rate of pay for a period worked (however the rate is described) that does not include incentive-based payments and bonuses, loadings, monetary allowances, penalty rates or any other similar separately identifiable entitlements.
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Basic Periodic Rate of Pay means a rate of pay for a period worked (described in this
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Examples of Basic Periodic Rate of Pay in a sentence

  • If the employee is a Casual Employee the Basic Periodic Rate of Pay is determined by deducting the Default Casual Loading from the pay rate set out in this agreement.

  • Alternatively, if the employee elects, in addition to the Basic Periodic Rate of Pay, half-time extra (50%), plus the time of in lieu on a time-for-time basis.

  • It is the aim of this agreement to incorporate the Productivity Allowance into the Basic Periodic Rate of Pay (All Purpose Rate).

  • In addition to the Basic Periodic Rate of Pay, time and a half (150%) for all time worked.

  • The matters of public holidays, rest breaks and meal breaks, shift/overtime loadings, annual leave loading, allowances, penalty rates and incentive based payments and bonuses are already addressed within this Agreement or have been intentionally excluded from this Agreement and compensated for via an increased Basic Periodic Rate of Pay.

  • The Company/Employer: Wolfram Camp Mining Pty Ltd (hereinafter referred to as “the Company” or “the Employer”) Act: Workplace Relations Act 2006 (as varied) Award: MINING (NON-COAL) AWARD - STATE Agreement: Wolfram Camp Mine Greenfield Agreement, 2007 Basic Periodic Rate of Pay (BPRoP): the rate for a period which does not include incentive based payments and bonuses, monetary allowances, loadings or shift penalties.

  • HealthCube pays employees at a superior Basic Periodic Rate of Pay than provided for by industry.

  • Payment for such extra work shall be at the Basic Periodic Rate of Pay only plus any casual loading that may be applicable.

  • The Basic Periodic Rate of Pay is determined by deducting the Default Casual Loading from the pay rate set out in this agreement.

  • Payment is based on the Basic Periodic Rate of Pay for the number of ordinary hours requested to be cashed out.


More Definitions of Basic Periodic Rate of Pay

Basic Periodic Rate of Pay means a rate of pay for a period worked that does not include incentive-based payments. “Operations Manager” the respective area manager for selected Xxxxxx Corporation sites.
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Basic Periodic Rate of Pay means the Ordinary Rate of Pay.
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Basic Periodic Rate of Pay means the Hourly Rate relevant to the employee’s classification as contained within Table 1, Classifications. The Basic periodic rate of pay excludes overtime payments, penalty rates for shiftwork, allowances, casual loadings, weekend penalties, payment for public holidays and other such part payments. “Job Description” is that document, as amended from time to time, which details the duties that the Employee must undertake and the requirements which the Employee must satisfy, in order to fulfil the inherent requirements of their job with ACGM.
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Basic Periodic Rate of Pay in this agreement means a periodic rate of pay for a period worked (however the rate is described, e.g. pay scale, wage, salary, Federal Minimum Wage) and does not include incentive based payments and bonuses,
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Basic Periodic Rate of Pay means the Hourly Rate relevant to the employee’s classification as contained within Table 1, Classifications. The Basic periodic rate of pay offered by Healthcube is inclusive of all payments for Annual Leave Loading, Public Holiday rates, Paid Maternity Leave and Travel/Mileage Allowance (where a classification will be required to travel). As such, Healthcube has increased their Basic Periodic Rate of Pay above the standard rates generally offered within Health and Aged Care, so that it more than adequately compensates the Employee for those terms identified above and deemed inclusive. “Job Description” is that document, as amended from time to time by the Employer, which details the duties that the Employee must undertake and the requirements which the Employee must satisfy, in order to fulfil the inherent requirements of their job with HealthCube.
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Basic Periodic Rate of Pay in this agreement means a periodic rate of pay for a period worked (however the rate is described, e.g. pay scale, wage, base salary,
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Related to Basic Periodic Rate of Pay

  • Basic Rate of Pay means the incremental step in the Salaries Schedule applicable to an Employee in accordance with the terms of this Collective Agreement, exclusive of all premium payments.

  • Base rate of pay means the rate of pay payable to the Employee for their Ordinary Hours of work, but not including any of the following: a) loadings; b) monetary allowances; c) overtime; and d) penalty rates.

  • weekly rate of pay means an employee’s annual rate of pay divided by 52.176.

  • Current rate of pay means the member's actual hourly, daily, weekly, biweekly, monthly, or yearly rate of pay converted to an annual rate as defined in final rate of pay. The rate shall be certified by the employer;

  • Annual Rate of Pay means, as of any date, an employee’s annualized base pay rate. An employee’s Annual Rate of Pay shall not include sales commissions or other similar payments or awards.

  • Actual Rate of Pay means, unless and until the Agency Worker has completed the Qualifying Period, the rate of pay which will be paid for all time worked during an Assignment for each hour worked, as set out in the relevant Assignment Details Form;

  • daily rate of pay means an employee's weekly rate of pay divided by five (5);

  • Actual QP Rate of Pay means the rate of pay which will be paid to the Agency Worker if and when s/he completes the Qualifying Period, as set out in any variation to the relevant Assignment Details Form;

  • Ordinary rate of pay in Clause 17. - Annual Leave means the average rate the employee received for the four weeks preceding the taking of annual leave or the average rate received for the 12 months preceding such leave, whichever shall be the higher, provided that such average shall be computed taking into consideration any extra rates prescribed for night work, etc., and penalty rates for Sunday work where such work is part of the employee's normal working week of five days but excluding any amounts received by way of overtime or holiday penalty rates.

  • hourly rate of pay means an employee's weekly rate of pay divided by thirty-five (35).

  • Final rate of pay means the actual rate upon which earnings of an employee were calculated during the twelve (12) month period immediately preceding the member's effective retirement date, including employee contributions picked up after August 1, 1982, pursuant to KRS 61.560(4). The rate shall be certified to the system by the employer and the following equivalents shall be used to convert the rate to an annual rate: two thousand eighty (2,080) hours for eight (8) hour workdays, nineteen hundred fifty (1,950) hours for seven and one-half (7-1/2) hour workdays, two hundred sixty (260) days, fifty-two (52) weeks, twelve (12) months, one (1) year;

  • Regular rate of pay means the rate of pay the employee was receiving at the time maternity leave commenced, but does not include retroactive adjustment of rate of pay, acting pay, overtime, shift premium or any other form of supplementary compensation.

  • Periodic Rate Cap With respect to each Adjustable Rate Mortgage Loan and any Adjustment Date therefor, the fixed percentage set forth in the related Mortgage Note, which is the maximum amount by which the Mortgage Rate for such Mortgage Loan may increase or decrease (without regard to the Maximum Mortgage Rate or the Minimum Mortgage Rate) on such Adjustment Date from the Mortgage Rate in effect immediately prior to such Adjustment Date.

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.

  • Periodic Rate Floor With respect to each Adjustable Rate Mortgage Loan, the provision of each Mortgage Note which provides for an absolute maximum amount by which the Mortgage Interest Rate therein may decrease on an Interest Rate Adjustment Date below the Mortgage Interest Rate previously in effect. Person: Any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof.

  • 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.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Standard Rate means, for any day, a rate per annum equal to the Bank's announced Prime Rate minus 0% per annum, and each change in the Standard Rate shall be effective on the date any change in the Prime Rate is publicly announced as being effective.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • CD Rate means: (1) the rate on the particular Interest Determination Date for negotiable United States dollar certificates of deposit having the Index Maturity specified on the face hereof as published in H.15(519) (as defined below) under the caption “CDs (secondary market)”; or (2) if the rate referred to in clause (1) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date for negotiable United States dollar certificates of deposit of the particular Index Maturity as published in H.15 Daily Update (as defined below), or other recognized electronic source used for the purpose of displaying the applicable rate, under the caption “CDs (secondary market)”; or (3) if the rate referred to in clause (2) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • Weekly Rate means the rate of interest on a Group of 2024 Series A Variable Rate Bonds described in Section 301 of Appendix A hereto.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Weekly Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Weekly Rate.