Schedule Rate of Pay means the rate of compensation applicable to an employee’s pay range and step, as set forth in Appendix D.
Base rate of pay means the rate of pay payable to the Employee for their Ordinary Hours of work, but not including any of the following: a) loadings; b) monetary allowances; c) overtime; and d) penalty rates.
weekly rate of pay means an employee’s annual rate of pay divided by 52.176.
Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.
Reference Rate means the rate specified as such hereon.