Pay class definition

Pay class means a group of producers who qualify for the same volume premium.
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Examples of Pay class in a sentence

  • When asked what the basis of the discrimination was, the highest ranked issues were Race, Position / Pay class, Rank / Seniority, Academic vs PASS, Gender and Age.

  • The following is an example of this calculation: 30.80 Evening Shift Base Rate of Pay, class 1 May 2019-2020 (above) multiply 2 Double time for overtime evening shift $ 61.60 multiply 30.80 * 2 and: 2.00 Vacation contribution multiply 2 Double vacation contribution $ 4.00 multiply 2.00 * 2 Vacation contributions (along with other fringe benefits contributions) are made separately, in addition to the above evening shift base rate.

  • WORK HOURS/DAY – FULL-TIME EMPLOYEES Pay class 01 (9 months) –Food Service Managers Food Service Workers Bus Drivers7 ½ hours6 hours7 hours (computation purposes)Pay Class 02 (9 ½ months)Pay Class 03 (10 months)Pay Class 04 (12 months) 7 hours7 ½ hours (includes lunch break) 7 ½ hours Work hours do not include lunch breaks except as noted for PAY CLASS 03.

Related to Pay class

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates and the Class A-2c Certificates, collectively.

  • Subordinate Class Percentage With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

  • Scheduled Classes As specified in the Preliminary Statement.

  • Initial Subordinate Class Percentage As defined in the Series Supplement.

  • New Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • Subclass With respect to the Class A-V Certificates, any Subclass thereof issued pursuant to Section 5.01(c). Any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the Class A-V Certificates pursuant to Section 5.01(c).

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the

  • Related Classes As to any Uncertificated REMIC I Regular Interest, those classes of Certificates identified as "Related Classes of Certificates" to such Uncertificated REMIC I Regular Interest in the definition of Uncertificated REMIC I Regular Interest.

  • Original Class B-5 Percentage The Class B-5 Percentage as of the Cut-Off Date, as set forth in Section 11.12.

  • Original Class A Non-PO Principal Balance The sum of the Original Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-R Certificates, as set forth in Section 11.06.

  • Required Subordinated Percentage of Class B Notes means, for the Class A(2022-1) Notes, 6.96202532%, subject to adjustment in accordance with Section 2.02.

  • Class X Notional Balance With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the regular interests in REMIC 3 as specified in the Preliminary Statement hereto.

  • Original Class B-4 Percentage The Class B-4 Percentage as of the Cut-Off Date, as set forth in Section 11.11.

  • Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.

  • Preliminary Class Notional Amount With respect to each Reference Tranche, the amount which is equal to the Class Notional Amount of such Reference Tranche immediately prior to such Payment Date, after the application of the Preliminary Tranche Write-down Amount in accordance with the same priorities set forth in Section 3.03(b) hereof, and after the application of the Preliminary Tranche Write-up Amount in accordance with the same priorities set forth in the Section 3.03(c) hereof.

  • Initial Class Principal Balance As set forth in the Preliminary Statement.

  • Original Class Principal Balance means, with respect to any Class of Principal Balance Certificates, the initial Class Principal Balance thereof as of the Closing Date, in each case as specified in the Preliminary Statement.

  • Initial Class B Note Balance means $163,150,000.

  • Original Class B-1 Percentage The Class B-1 Percentage as of the Cut-Off Date, as set forth in Section 11.08.

  • Original Class B-3 Percentage The Class B-3 Percentage as of the Cut-Off Date, as set forth in Section 11.10.

  • Original Class B-2 Percentage The Class B-2 Percentage as of the Cut-Off Date, as set forth in Section 11.09.

  • Original Class B-6 Percentage The Class B-6 Percentage as of the Cut-Off Date, as set forth in Section 11.13.

  • Subordinated Class means, with respect to the Class A Notes, the Class B Notes.

  • Original Class B-5 Principal Balance The Class B-5 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Required Subordinated Amount of Class B Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of