Per Diem Basis definition

Per Diem Basis shall be the amount obtained by dividing the contractual salary, including longevity, by the number 183.
Sample 1Sample 2Sample 3
Per Diem Basis. Shall be defined as the employee's annual salary including any extra classes, but excluding any extra duty compensation, divided by the number of employee working days provided in the calendar for that year.
Sample 1
Per Diem Basis means a determination that is required be to based upon a specific number of days of the week, weeks in a month, or months in a calendar year, as applicable.
Sample 1

Examples of Per Diem Basis in a sentence

  • Services may be financed in one of four different ways: Per Diem Basis: $2000.00 (USD) per day, plus expenses (travel, hotel, food, etc.) Yearly Retainer: $250,000 (USD) per year, plus revenue sharing agreement Equity Stake: Equity within the Company may be exchanged for services, on an individual basis.


More Definitions of Per Diem Basis

Per Diem Basis means the amount obtained by dividing the
Sample 1
Per Diem Basis means the amount obtained by dividing the contractual salary by the total number of working days, as defined Appendix III in this Agreement. Days are further subdivided into 8 hours per day as needed.
Sample 1

Related to Per Diem Basis

  • Per diem means a period of 7.5 hours of actual work per day. Where actual hours worked are less than 7.5 hours per day, the amount to be paid will be prorated accordingly;

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

  • Adjusted Daily Simple SOFR means an interest rate per annum equal to (a) the Daily Simple SOFR, plus (b) 0.10%; provided that if the Adjusted Daily Simple SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • LIBOR Total Spread means, for each Interest Period: (A) three-fourths of one percent (3/4 of 1%); (B) minus (or plus) the weighted average margin, for such Interest Period, below (or above) the London interbank offered rates, or other reference rates, for six-month deposits, in respect of the Bank’s outstanding borrowings or portions thereof allocated by the Bank to fund single currency loans or portions thereof made by it that include the Loan; as reasonably determined by the Bank and expressed as a percentage per annum.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Base LIBOR Rate means the rate per annum, determined by Agent in accordance with its customary procedures, and utilizing such electronic or other quotation sources as it considers appropriate (rounded upwards, if necessary, to the next 1/16%), on the basis of the rates at which Dollar deposits are offered to major banks in the London interbank market on or about 11:00 a.m. (California time) 2 Business Days prior to the commencement of the applicable Interest Period, for a term and in amounts comparable to the Interest Period and amount of the LIBOR Rate Loan requested by Administrative Borrower in accordance with this Agreement, which determination shall be conclusive in the absence of manifest error.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Variation Margin means, in connection with an outstanding futures contract owned or sold by the Corporation, the amount of cash or securities paid to or received from a broker (subsequent to the Initial Margin payment) from time to time as the price of such futures contract fluctuates.

  • Dry weight basis means 100 percent solids (i.e. zero percent moisture).