Weekly Pay definition

Weekly Pay means the Executive’s Compensation divided by fifty-two (52). EXHIBIT I RELEASE OF ALL CLAIMS FOR VALUABLE CONSIDERATION, including the payment to the Executive of certain severance benefits, the Executive hereby makes this Release of All Claims (“Release”) in favor of Old National Bancorp (including all subsidiaries and affiliates) (“Company”) and its agents as set forth herein.

Weekly Pay means the Executive’s Compensation divided by fifty-two (52).

Weekly Pay means the ordinary time gross all purpose rate of pay for the employee concerned.

Examples of Weekly Pay in a sentence

• Employees terminating prior to taking any banked Rostered Day(s) Off shall receive the following: Average Weekly Pay x Number of Banked 5 Substitute Days (e) Where a rostered day off falls on a Public Holiday as prescribed in Clause 22.

• The Average Revenue Net Weekly Pay (“ARNWP”) is calculated as outlined in the guidelines (see 4.3.) During the Operational Phase which commences from 4 May 2020, (See 1.2 What are the two phases to the Temporary Wage Subsidy Scheme?) Revenue will calculate the ARNWP and make this available to the employer on the Employer CSV file (See 4.16 What is the Employer CSV?).

• If an employer uses a value other than the Average Revenue Net Weekly Pay to determine the employee’s subsidy payment, then the employer may find it difficult to reconcile the payments made to employees with the subsidy amount refunded as determined by Revenue and the employer will only be refunded the subsidy value, based on the ARNWP, calculated by Revenue.

• The Department will fund the Childcare Service based on the equivalent of 15% of the Gross Weekly Pay cost for Childcare Staff.

• The Average Revenue Net Weekly Pay (“ARNWP”) is calculated as outlined in the guidelines (see 4.3.) During the Operational Phase which commences from 4 May 2020, (See 1.2 What are the two phases to the Temporary Wage Subsidy Scheme?) Revenue will calculate the ARNWP and make this available to the employer on the Employer CSV (See 4.16 What is the Employer CSV?).

More Definitions of Weekly Pay

Weekly Pay means the ordinary time gross all-purpose rate of pay for the employee concerned.

Weekly Pay means the Employee’s annual base salary on his Date of Termination, plus if applicable, the average of the Annual Incentive Plan awards received by the Employee for the last three fiscal years, divided by fifty-two (52) weeks. Such average shall be of fewer than three awards if the Employee is eligible for the Annual Incentive Plan at the Date of Termination and became eligible for the Annual Incentive Plan during the last three fiscal years. For purposes of the Plan, “annual base salary,” shall exclude:

Weekly Pay means your weekly base salary rate at the time of your termination date, including regularly scheduled shift differential where applicable, and excluding overtime pay and other allowances.

Weekly Pay means an employee's normal rate for an ordinary week's work at the time of the redundancy. Normal rate of pay does not include overtime allowance and other similar payments that are not included for the purpose of calculating overtime, and /or shift structure.

Weekly Pay means the Employee’s annual base salary on his Date of Termination, plus if applicable, the average of the Annual Incentive Plan awards received by the Employee for the last three fiscal years, divided by fifty-two (52) weeks. Such average shall be of fewer than three awards if the Employee is

Weekly Pay means the current weekly rate of pay of the person insured, excluding bonuses, overtime pay and any other special compensation, and benefits shall be determined on the basis of a seven day work week. Benefits accrue from the eighth consecutive day of disability due to accident and sickness. Benefits are payable for a maximum of fifty-two weeks for any one period of disability. If a disabled person is eligible to receive benefits under the United States Social Security Act, these benefits will be constituted in calculating his amount of Short Term Disability benefit, whether or not the disabled person has submitted a claim for Social Security benefits. If once Short Term Disability benefits are begun, the actual amount of Social Security benefits paid is greater or lesser than what was calculated under the Policy, adjustments will be made in future Short Term Disability benefits. The adjustments made may include no payment of Short Term Disability benefit for any one week, or a refund of benefits by the disabled person. This plan pays you a weekly benefit for periods during which you are disabled and prevented from working as a result of covered non-occupational injury or sickness. The day which your benefits will start in the case of disability resulting from accident or sickness, the maximum number of weeks for which the benefit is payable, and the amount of your weekly rate of benefit are all shown in the Schedule of Insurance. Benefits are payable for periods of disability which commence while insurance is in force, and although it is not necessary to be confined to a hospital to receive the weekly benefits, you must be under the care of an authorized physician and you must not be able to engage in any work. Payment will be made for separate and distinct periods of disability that may occur while the insurance is in force. For the purposes of determining the maximum number of weeks for which benefits will be payable and the applicability of a waiting period in any specified case, successive periods of disability due to the same or related causes not separated by a return to active work on a full-time basis for at least two weeks shall be considered as one period of disability. Successive or concurrent periods of disability due to entirely unrelated causes shall be considered as one period of disability unless separated by a return to active work on a full- time basis.

Weekly Pay means the amount of the Employee’s Base Pay divided by 52.