Legal Allowance definition

Legal Allowance means overtime allowance and it is 26,460,400 KRW. It is calculated with the base of 40 hours of overtime per a month. - Monthly Overtime = Monthly basic salary ÷ 209 hours x 1.5 x 40 hours - Legal Allowance = Monthly overtime x 12

Related to Legal Allowance

  • NOx Allowance means an authorization to emit a specified amount of NOx that is allocated or issued under an emissions trading or marketable permit program of any kind that has been established under the Clean Air Act or a state implementation plan.

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Allowance means compensation payable to an employee in addition to his regular remuneration payable for the performance of the duties of his position;

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and