Weekend Premium definition

Weekend Premium. All employees who work between 5:00 AM Saturday and 11:00 PM Sunday shall be paid a weekend shift premium in addition to any other applicable premium as follows: Effective January 1, 2013: $1.63 for all hours paid; Effective January 1, 2014: $1.66 for all hours paid; Effective January 1, 2015: $1.69 for all hours paid.
Weekend Premium. For all hours worked between the hours of 7:00 a.m. Saturday and 11:00 p.m. Sunday employees will receive a weekend premium of $ 1.25 per hour in addition to their regular hourly rate.
Weekend Premium. An employee shall be paid a weekend premium of forty-five cents per hour for each hour worked between hours Friday to hours Sunday or such other forty-eight hour pe- receiving premium pay pursuant to a local scheduling regula- tion with respect to consecutive weekends worked, he/she will not receive weekend premium under this provision.

Examples of Weekend Premium in a sentence

  • The Weekend Premium shall not be paid to an Employee who is not regularly scheduled to work weekends and receives overtime compensation for working Saturday or Sunday as a day of rest.

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  • Weekend Premium shall not be part of basic wage rates or be used in calculating overtime rates, nor shall it be paid for any hours for which overtime rates are being paid.

  • Where applicable, an Employee shall be eligible to receive both Shift Premium and Weekend Premium.

  • Where applicable, an Employee shall be eligible to receive both Shift Differential and Weekend Premium.

  • Where applicable, a Casual Employee shall be eligible to receive both Shift Differential and Weekend Premium.

  • Weekend Premium Effective October an employee shall be paid a weekend premium of forty-five cents per hour for each hour worked between hours Friday to hours Sunday or such other forty-eight hour period that the Hospital may establish.

  • An employee shall be paid a Weekend Premium of two dollars and fifteen cents ($2.15) per hour for each hour worked between 2400 hours Friday to 2400 hours Sunday or such other forty-eight (48) hour period that CAMH may establish, effective date of ratification; two dollars and thirty cents ($2.30) effective April 1, 2017; two dollars and forty-five cents ($2.45) effective April 1, 2018.

  • Staff Hired After 05/01/2013 are not eligible for Section 10.8 Work Shift Differential or Weekend Premium.

  • The Weekend Premium shall not be paid to an Employee who is not regularly scheduled to work weekends and shall receive overtime compensation for working Saturday or Sunday as a day of rest.


More Definitions of Weekend Premium

Weekend Premium. Any nurse who is assigned or required to work on a weekend shall receive a premium of four dollars ($4.00) per hour for all time worked on the weekend. The weekend shall be defined as all hours on Saturday and Sunday.
Weekend Premium. Effective October an employee shallbe paid a weekend premium of forty-five cents ($0.45) per hour for each hour worked between hours Friday to hours Sunday or such other forty-eight (48) hour period that the Hospital may establish. If an employee is receiving premium pay pursuant to a local scheduling regulation with respect to consecutive weekends worked, will not receive weekend premium under this provision.

Related to Weekend Premium

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

  • Net earned premium means the premiums earned in this State

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Regular Premium means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Premium Paying Term, in amount and at the Premium Payment Frequency, both, as specified in the Schedule.

  • Standard Premium means the basic premium for the coverage under this Certified Plan, as charged by the Company to the Policy Holder on an overall Portfolio basis, which may be adjusted in accordance with the Age, gender and/or lifestyle factors of the Insured Person.

  • Yield Maintenance Period means the period from and including the date of this Note until but not including the Scheduled Initial Maturity Date.

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Paid sick leave – means paid leave under the Emergency Paid Sick Leave Act.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • Risk Premium means a percentage determined on an Adjustment Day for the Adjustment Period beginning on such Adjustment Day, which indicate the price of the risks taken over by the Issuer. The determination will be made by the Issuer in its reasonable discretion (billiges Ermessen § 315 German Civil Code (BGB)). The respective

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Liquidated Damages Multiplier means, with respect to a particular Purchaser, (i) the product of the Common Unit Price multiplied by (ii) the number of Purchased Units purchased by such Purchaser that may not be disposed of without restriction and without the need for current public information pursuant to any section of Rule 144 (or any similar provision then in effect) under the Securities Act.

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • Maintenance Period shall have the meaning set forth in Clause 14.1; “Maintenance Requirements” shall have the meaning set forth in Clause 14.2;