Hourly Base Rate definition

Hourly Base Rate means, with respect to any hours billed by a Non-Billable Employee, (A)(i) such Non-Billable Employee’s annual base salary then in effect for the applicable year of billing times (ii) 1.18 divided by (B) 2,080.
Sample 1Sample 2
Hourly Base Rate means an employee’s hourly base straight time of pay and shall not include overtime, skill pay, or other special salary differential(s) or pay.
Sample 1
Hourly Base Rate means the base rate of pay obtained by calculating: 𝐹𝑜𝑟𝑡𝑛𝑖𝐹𝐹ℎ𝑡𝑙𝑦 𝐵𝑎𝑠𝑒 𝑅𝑎𝑡𝑒.
Sample 1

Examples of Hourly Base Rate in a sentence

  • NTE Rate Escalation: Instructions: Name key personnel with Max Hourly Base Rate for their position.

  • List non-key positions with Title and Max Hourly Base Rate - add lines as needed.

  • Exhibit SDGE-12 footnote 5: The super off-peak Hourly Base Rate does not include recovery of the Generation Capacity costs not recovered in the C-CPP hourly adder.

  • Hourly Base Rate for PARS- Non-Residential A standard facility or community base fee per hour and covers dietary and nutritional services, medical services, nursing services, and administrative and/or operational costs.

  • Proposed NTE rate escalation subject to negotiation with SPU entered as a factor (i.e. 2% escalation would be entered as 1.02) Name key personnel with Max Hourly Base Rate for their position - add lines as needed.

  • The Employer agrees, for the term of this Labour Agreement, to provide Weekly Indemnity Benefits for eligible employees as follows: WEEKLY INDEMNITY BENEFIT SCHEDULE EFFECTIVE JANUARY 04, 2008 Hourly Base Rate of Weekly Benefit less than $28.25 per hour ................................................

  • An Employee shall be paid three times (3X) the Hourly Base Rate for time worked beyond fifteen (15) hours on holidays.

  • Both countries should realize that soft power present them with the freedom and leverage to cooperate and build a long lastingFanie Herman, National ChungHsin University (Taiwan) relationship.

  • Where travel time exceeds 60 minutes each way per day, then such additional time will be considered excess travel time and paid for at the Employee’s ordinary time Hourly Base Rate.

  • Hourly Base Rate for PARS- Non-ResidentialA standard facility or community base fee per hour and covers dietary and nutritional services, medical services, nursing services, and administrative and/or operational costs.


More Definitions of Hourly Base Rate

Hourly Base Rate means the hourly rate applicable to the “Ordinary Hours” component of the remuneration
Sample 1
Hourly Base Rate means, the rate referred to as the “labour rate” in the “Job Categories and Wage Rates Schedule” outlined in the collective agreements in effect between the Participating Employers and the Union.
Sample 1
Hourly Base Rate means the gross hourly rate of pay for an employee under this Agreement.
Sample 1

Related to Hourly Base Rate

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • Base Rate means for any day a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate.” The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.

  • Adjusted Base Rate means the Base Rate plus the Applicable Percentage.

  • Straight-time rate means the hourly rate of remuneration.

  • Alternate Base Rate means, for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

  • Alternative Base Rate means the rate that has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in Dollars or, if the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines that there is no such rate, such other rate as the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines in its or the Issuer’s sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate shall be the Alternative Base Rate for the remaining Interest Periods.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Reference Rate means the rate specified as such hereon.

  • Hourly Rate means the proposed fully loaded maximum hourly rates that include travel, per diem, fringe benefits and any overhead costs for contractor personnel, as well as subcontractor personnel if appropriate.

  • One Month LIBOR Rate means, with respect to any interest rate calculation for a Loan or other Obligation bearing interest at the Alternate Base Rate, a rate per annum equal to the quotient (rounded upward if necessary to the nearest 1/16th of one percent (0.0625%)) of (i) the rate per annum referred to as the BBA (British Bankers Association) LIBOR RATE as reported on Reuters LIBOR page 1, or if not reported by Reuters, as reported by any service selected by Administrative Agent on the applicable day (provided that if such day is not a Eurodollar Banking Day for which a Eurodollar Rate is quoted, the next preceding Eurodollar Banking Day for which a Eurodollar Rate is quoted) at or about 11:00 a.m., London time (or as soon thereafter as practicable), for Dollar deposits being delivered in the London interbank eurodollar currency market for a term of one month commencing on such date of determination, divided by (ii) one minus the Reserve Requirement in effect on such day. If for any reason rates are not available as provided in clause (i) of the preceding sentence, the rate to be used in clause (i) shall be, at Administrative Agent’s discretion (in each case, rounded upward if necessary to the nearest one-sixteenth (1/16) of one percent (0.0625%)), (1) the rate per annum at which Dollar deposits are offered to the Administrative Agent in the London interbank eurodollar currency market or (2) the rate at which Dollar deposits are offered to the Administrative Agent in, or by Xxxxx Fargo to major banks in, any offshore interbank eurodollar market selected by Administrative Agent, in each case on the applicable day (provided that if such day is not a Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market, the next preceding Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market) at or about 11:00 a.m., London time (or as soon thereafter as practicable) (for delivery on such date of determination) for a one month term. Each determination by Administrative Agent pursuant to this definition shall be conclusive absent manifest error.

  • 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

  • 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: