Loaded Rate definition

Loaded Rate means the appropriate fortnightly wage rate, for each Permanent or Permanent Part-Time CPO engaged to perform continuous shift work, and is calculated to include the following:
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Loaded Rate means one thirty-eighth of the weekly rate for the work performed plus 20% (ie. loading in lieu of annual leave, personal leave and public holidays) plus an additional amount for shift penalties (ie. either 15%, 30%, 50% or 100% as prescribed in Part V - HOURS OF WORK, PENALTY PAYMENTS, SHIFT WORK AND OVERTIME, Clause
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Loaded Rate means one thirty-eighth of the weekly rate for the work performed plus 20% ( i.e. loading in lieu of annual leave, sick leave and public holidays) plus an additional amount for shift penalties (i.e. either 15%, 30%, 50% or 100% as prescribed in Clause 32 - Shift Work) of one thirty-eighth of the weekly rate for the work performed.
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Examples of Loaded Rate in a sentence

  • City shall compensate the Consultant an amount not to exceed FIFTY THOUSAND, AND NO/100 DOLLARS ($50,000) (the “Maximum Limiting Amount”) during the Initial Term, inclusive of any and all direct costs, indirect costs, and reimbursable expenses, in accordance with the pricing reflected in Exhibit B – Consultant Loaded Rate Sheet and the terms of this Agreement.

  • Compensation due may be calculated as (1) a lump sum amount; or (2) a guaranteed maximum price based on per diem or hourly rates set forth in Exhibit B – Consultant Loaded Rate Sheet, which shall not be exceeded unless agreed to in a writing executed by both parties.

  • For services rendered by Consultant pursuant to individual task work orders issued under this Agreement, City shall pay Consultant in accordance with the amounts set forth in Exhibit B – Consultant Loaded Rate Sheet.

  • A casual Employee while working ordinary hours will be paid at the applicable Standard Loaded Rate for the classification in which the Employee is engaged, plus a casual loading of 25% calculated with reference to the Employee’s Standard Loaded Rate.

  • Employees being paid the Leave Loaded Rate are entitled to take up to 4 weeks’ unpaid annual leave per year, for the purposes of physical and mental rest and respite from work.

  • Where a Team Member receives a Loaded Rate in accordance with clause 23 -Remuneration, and works on a shift roster in accordance with Attachment, then the Team Member will be entitled to time off only on the days specified in Attachment.

  • Loaded Rate means the applicable Loaded Hourly Rate in Schedule 1 of this Agreement.

  • Employees being paid the Leave Loaded Rate are entitled to take a pro-rata amount of unpaid sick or carer’s leave for the same reasons described in Clause 19.1 and subject to the same criteria specified in Clause 19.2.

  • An employee where applicable, who receives a Loaded Rate in accordance with clause 22.1 -Remuneration, and Attachment B, all public holidays shall be worked as an ordinary shift.

  • For the avoidance of doubt, the loading applied to the hourly rate for Loaded Rate employees shall not be included when calculating Additional Hours entitlements.


More Definitions of Loaded Rate

Loaded Rate means one thirty-eighth of the weekly rate for the work performed plus 20% (ie. loading in lieu of annual leave, sick leave and public holidays) plus an additional amount for shift penalties (ie. either 15%, 30%, 50% or 100% as prescribed in Part V - HOURS OF WORK, PENALTY PAYMENTS, SHIFT WORK AND OVERTIME, Clause 5 - Shift Work - Division A - Process Attendants Finfish and/or Shellfish) of one thirty-eighth of the weekly rate for the work performed.
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Loaded Rate means the applicable Loaded Hourly Rate in Schedule 1 of this Agreement.
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Related to Loaded Rate

  • Blended Rate means, with respect to any Taxable Year, the sum of the effective rates of tax imposed on the aggregate net income of the Corporate Taxpayer in each state or local jurisdiction in which the Corporate Taxpayer files Tax Returns for such Taxable Year, with the maximum effective rate in any state or local jurisdiction being equal to the product of: (i) the apportionment factor on the income or franchise Tax Return filed by the Corporate Taxpayer in such jurisdiction for such Taxable Year, and (ii) the maximum applicable corporate tax rate in effect in such jurisdiction in such Taxable Year. As an illustration of the calculation of Blended Rate for a Taxable Year, if the Corporate Taxpayer solely files Tax Returns in State 1 and State 2 in a Taxable Year, the maximum applicable corporate tax rates in effect in such states in such Taxable Year are 6% and 5%, respectively and the apportionment factors for such states in such Taxable Year are 60% and 40%, respectively, then the Blended Rate for such Taxable Year is equal to 5.6% (i.e., 6% times 60% plus 5% times 40%).

  • Excess Rate With respect to each ARD Loan, the excess of (i) the applicable Revised Rate over (ii) the applicable Mortgage Rate, each as set forth in the Mortgage Loan Schedule.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • 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.

  • 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: