Junior Rates definition

Junior Rates wage calculated to nearest 10 cents and any broken part of ten cents in the result not exceeding five cents to be disregarded. Junior Age Percentage Rate of Appropriate Adult Classification PLEASE NOTE Apprentices: Apprentices will be paid the following percentage of the Tradesman Cook Classification
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Junior Rates wage calculated to nearest 10 cents and any broken part of ten cents in the result not exceeding five cents to be disregarded. Junior Age Percentage Rate of Appropriate Adult Classification 17 years and under 60% 18 years of age 70% 19 years of age 85% 20 years of age 90% PLEASE NOTE Junior employees on reaching the age of eighteen years, may be employed in the bar or other places or serving customers where liquor is sold. However, where a junior is employed the adult award rate for the work being performed must be paid. Apprentices: Apprentices will be paid the following percentage of the Tradesman Cook Classification Apprenticeship Year Percentage of Tradesman Cook Classification 1st Year 55% 2nd Year 65% 3rd Year 80% 4th Year 95% 11. Superannuation Superannuation contributions will be paid as required under the Superannuation Guarantee (Administration) Act 1992 as varied from time to time to a complying Fund.
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Examples of Junior Rates in a sentence

  • The Hwy 291 Established Residential Overlay provides additional criteria regarding front setback.

  • Woolworths will publish an updated TTR Matrix and Junior Rates TTR Matrix annually with the new rates.

  • The rates of pay contained in Table 1 – Annual Rates, Table 2 – Junior Rates, and Table 3 (only those rates identified as # increasing per annum, as per the salary increase), will be increased in the circumstances as set out in this clause.

  • The Junior Rates will be applied for all other SWs. The parties agree that there are currently some situations where a School has stated in writing that it will pay the Senior Rate to SWs who would ordinarily be paid at the Junior Rate.

  • C.3.3 The “Starting TTR” set out in column 3 of the TTR Matrix and column 2 of the Junior Rates TTR Matrix will be increased annually at the same time as the base rates of pay in this Agreement are increased.

  • This is an amended version of his submission to the AIRC inquiry into Junior Rates of Pay.

  • Junior Rates % of adult rate Under 18 years of age 75% 18 and under 19 years of age 85% 19+ 100% Junior rates of pay are expressed as a percentage of the appropriate minimum adult rate in either Levels 1 or 2, with the first pay point in Levels 1 or 2 reflecting the wage rate upon which the Junior percentages above are calculated.

  • Junior Rates (17 years of age and under) Green Fee 9 HolesAge x $.50Age x $.5018 HolesAge x $1Age x $1Tournament Fees – All Full-Service Shotgun Start Tournaments (Min.

  • Those serving in a Squad in a non- preference area will be reviewed regularly by CMs in consultation with WMOs; Junior Rates should not normally serve more than 24 months in a non-preference Squad.

  • Junior Rates The junior hourly rate is based on a percentage of the appropriate adult rate in accordance with this Schedule.

Related to Junior Rates

  • Subordinate Net Funds Cap With respect to any Distribution Date, an amount equal to the weighted average of the Pool 1 Net Funds Cap and the Pool 2 Net Funds Cap, weighted on the basis of the Pool Subordinate Amount for each Mortgage Pool; provided, however, that on any Distribution Date after which the aggregate Class Principal Amount of the Senior Certificates relating to any Mortgage Pool has been reduced to zero, such weighting shall be on the basis of the Pool Balance of each Mortgage Pool.

  • Senior Reduction Amount With respect to any Payment Date is either:

  • Senior Secured Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Secured Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Junior Priority Obligations means the Initial Junior Priority Obligations and any Additional Obligations constituting Junior Priority Debt.

  • Senior Secured Leverage Ratio means, on any date of determination, the ratio of (i) Consolidated Senior Secured Net Debt on such date to (ii) Consolidated EBITDA for the Test Period most recently ended on or prior to such date; provided that for all purposes of this Agreement, Consolidated EBITDA for purposes of the Senior Secured Leverage Ratio shall be determined on a Pro Forma Basis.

  • Loan Group Cap The Loan Group I Cap or the Loan Group II Cap, as applicable.

  • Senior Target Amount With respect to each Distribution Date, an amount equal to the lesser of (a) the product of (i) 77.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Weighted Average Interest Rates means, with respect to any Outstanding Notes of a class or tranche of the MBNAseries, or of all of the Outstanding Notes of the MBNAseries, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date) of the following rates of interest:

  • Senior Class Debt Parties has the meaning assigned to such term in Section 8.09.

  • Senior Class Debt has the meaning assigned to such term in Section 8.09.

  • Loan Group 3 The Group 3 Mortgage Loans.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (i) Consolidated Total Indebtedness secured on a first lien basis, net of Unrestricted Cash, as of the last day of such Test Period, to (ii) Consolidated EBITDA for such Test Period.

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Senior Specified Enhancement Percentage As of any date of determination, 38.00%.

  • Priority Debt means the sum, without duplication, of (i) Indebtedness of the Borrower or any Guarantor secured by a Lien (other than the Liens entered into under the Loan Documents, including the Security Documents) and (ii) all Indebtedness of any Subsidiary that is not a Guarantor.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • Mid-Market Swap Rate means for any Reset Period the mean of the bid and offered rates for the fixed leg payable with a frequency equivalent to the frequency with which scheduled interest payments are payable on the Notes during the relevant Reset Period (calculated on the day count basis customary for fixed rate payments in the Relevant Currency as determined by the Calculation Agent) of a fixed-for-floating interest rate swap transaction in the Relevant Currency which transaction (i) has a term equal to the relevant Reset Period and commencing on the relevant Reset Date, (ii) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market and (iii) has a floating leg based on the Mid-Swap Floating Leg Benchmark Rate for the Mid-Swap Maturity (calculated on the day count basis customary for floating rate payments in the Relevant Currency as determined by the Calculation Agent);

  • Junior Capital collectively, any Indebtedness of any Parent or the Borrower that (a) is not secured by any asset of the Borrower or any Restricted Subsidiary, (b) is expressly subordinated to the prior payment in full of the Loans on terms consistent with those for senior subordinated high yield debt securities issued by U.S. companies sponsored by either of the Sponsors (as determined in good faith by the Borrower, which determination shall be conclusive), (c) has a final maturity date that is not earlier than, and provides for no scheduled payments of principal prior to, the date that is 91 days after the Initial Term Loan Maturity Date (other than through conversion or exchange of any such Indebtedness for Capital Stock (other than Disqualified Stock) of the Borrower, Capital Stock of any Parent or any other Junior Capital), (d) has no mandatory redemption or prepayment obligations other than (x) obligations that are subject to the prior payment in full in cash of the Loans or (y) pursuant to an escrow or similar arrangement with respect to the proceeds of such Junior Capital and (e) does not require the payment of cash interest until the date that is 91 days following the Initial Term Loan Maturity Date.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Net Funds Cap The Pool 1 Net Funds Cap, the Pool 2 Net Funds Cap or the Subordinate Net Funds Cap, as the context requires.

  • Loan Group 5 The Group 5 Mortgage Loans.

  • priority date means the date of the earlier application that serves as the basis for the right of priority provided for in the Paris Convention;

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Collateral Loans as of such date is less than or equal to seven (7.0) years.

  • Additional Senior Class Debt Parties has the meaning assigned to such term in Section 5.13.