Fortnightly Pay definition

Fortnightly Pay means the ordinary time, all purpose rate of pay for the employee concerned.
Sample 1
Fortnightly Pay means what the Employee would expect to receive for working their Ordinary Hours of Work per fortnight. FWC means the Fair Work Commission. IFA means an individual flexibility arrangement made in accordance with clause 31 of this Agreement.
Sample 1
Fortnightly Pay means the ordinary time gross all purpose rate of pay for the technician concerned.
Sample 1

Examples of Fortnightly Pay in a sentence

  • Payment Arrangements for Fortnightly Pay Each pay period commences on Monday and finishes 14 days later, on the Sunday shift of the following week.

  • SCHEDULE 5 – Salaried Store Employees - Fortnightly Pay Arrangements This Schedule will commence during the life of this Agreement and will replace Schedule 1 in its entirety.

  • SCHEDULE 7 – Warehouse Employees - Fortnightly Pay Arrangements This Schedule will commence during the life of this Agreement and will replace Schedule 3 in its entirety.

  • Employees will be paid in arrears fortnightly (Fortnightly Pay = Annual Salary x 12 / 313).

  • SCHEDULE 6 – Hourly Rate Store Employees - Fortnightly Pay Arrangements This Schedule will commence during the life of this Agreement and will replace Schedule 2 in its entirety.

  • MI6, desperate for action, built up the reports of low level sources or used their own imaginations to convert their nightmare vision into a plausible semblance of reality.48Given that 'Lucky Break' produced nothing of any importance regarding the plans of the Egyptian Government (and, in particular, gave no forewarning of the plan to nationalise the Suez Canal Company) and that the information provided on Nasser's intentions were never corroborated by other means, this seems the better view.

  • SCHEDULE 8 – Transport and Distribution Employees - Fortnightly Pay Arrangements This Schedule will commence during the life of this Agreement and will replace Schedule 4 in its entirety.

  • Wage rises and allowances are effective from the First Full Fortnightly Pay Period on or after the effective date of the increase.

  • Fortnightly Pay Cycle Wages shall be paid fortnightly by direct credit to a bank account nominated by the employee.

  • The fortnightly rate of pay is calculated by applying the following formula - Fortnightly Pay = Annual Salary x 12 ÷ 313.


More Definitions of Fortnightly Pay

Fortnightly Pay means the ordinary time earnings for the staff member concerned each fortnight. For the purposes of calculating the length of continuous service under this clause, periods or roster cycles during which a Food and Beverage or Retail seasonal staff member is not engaged shall be excluded. For the purposes of calculating the amount of severance payment for eligible Food and Beverage or Retail staff members, the aggregate ordinary hours worked by the staff member over the length of his/her continuous service shall be applied to determine the staff member’s equivalent fraction of full-time employment.
Sample 1
Fortnightly Pay means the ordinary rate of pay for the Trades and Services Staff member concerned each fortnight.
Sample 1

Related to Fortnightly Pay

  • Fortnight means a period commencing at 0600 hours on first Day of Month and ending on 0600 hours on sixteenth Day of the Month or from 0600 hours on sixteenth Day of the Month to 0600 hours on the first Day of the succeeding calendar month, as the case may be.

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

  • 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.

  • Weeks pay means the rate of pay for the employee concerned at the date of termination, and shall include in addition to the ordinary pay any over- agreement payments and the following, if applicable:

  • Bill Due Date means thirty (30) calendar days from the bill date.

  • Interim Payment has the meaning specified in Section 10.1.

  • Monthly shall be construed accordingly;

  • Month means calendar month.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Current year means the financial year, which has already commenced, but not yet ended;

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

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

  • Base Pay means the Executive’s annual base salary from the Company at the rate in effect immediately prior to a Change in Control or at the time Notice of Termination is given, whichever is greater. Base Pay includes only regular cash salary (plus the amount of any automobile allowance paid to the Executive or any automobile lease payments made by the Company on behalf of the Executive) and is determined before any reduction for deferrals pursuant to any nonqualified deferred compensation plan or arrangement, qualified cash or deferred arrangement or cafeteria plan.

  • How We Will Calculate Your Balance We use a method called "average daily balance (including new transactions)." See your Credit Card Agreement for more details.

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

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

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

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.

  • 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 Base Rent The monthly rent specified in Section 1.01(8).

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.