Annualized Pay Sample Clauses

Annualized Pay. Each employee’s annual salary will be paid over 24 checks. If an employee works less than twelve months they may elect to be paid over the length of their contract by submitting a written request to the payroll office by August 1st of each year.
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Annualized Pay. Annualized would be defined as a Contracted Bus Driver’s hourly route pay and convert it to an estimated total yearly gross salary amount, paid over 24 pay periods. (Work Year Days + Paid Holidays) x (Route Hours + Route Maintenance Hours) x Hourly Rate of Pay = Yearly Gross Salary to be divided into 24 pay periods. Contracted “route hours” + “route maintenance hours” will be separated into three (3) route hours per day categories: 5 hours, 6 hours and 7 hours. The category under which each bus driver is contracted for the annualized pay will be determined by the “route hours” + “route maintenance hours”, per 1-15 and 1- 16 of the negotiated agreement, submitted by the transportation office during the three required audits per 10-6 of the negotiated agreement. Any driver whose “route hours” + “route maintenance hours” fall at 6 hours or under will be contracted at the 5 hours per day category. Drivers whose “route hours” + “route maintenance hours” fall at or between 6.1 hours and 7.0 hours will be contracted at the 6 hours per day. Drivers whose “route hours” + “route maintenance hours” fall at or above 7.1 hours will be contracted at 7.0 hours per day. These contract hours shall remain in effect for the employees throughout the year, unless the audit submitted presents a driver whose “route hours” + “route maintenance hours” has moved them into a different contracted category due to a difference of .5 or more. At such time, the employee's contract shall be updated and revised accordingly. All other hours (Field Trip Hours, hours added for late school starts, other District required additions to hours, hours added by forces of nature, and overtime) would be paid in addition to and distributed as payroll on each payroll check where earned. It would be necessary to audit each route for actual hours worked on route a minimum of three a year, once at the start of the work year, once within the first 12 weeks of the work year, and once within the last 6 weeks of the work year. The district will provide a letter of intent to all contracted bus drivers prior to the first day of school. This letter will include; contracted route #, number of work days, current rate of pay, current step, number of paid holidays, and total gross pay per pay period. All routes are subject to change throughout the school year dependent on district needs. PERS would be deducted in accordance to NRS 286.410(3)
Sample 1
Annualized Pay. Employees who are .75 FTE or more and work a consistent schedule will be eligible for annualized pay beginning January 1, 2009. School-year employees will be paid over 19 pay periods beginning September 15th through June 15th with any additional time worked paid based on their timesheet. Employees must identify any deviation from their regular work schedule so that their pay can be adjusted accordingly on the following paycheck. Requests for unpaid leave must be submitted to the employee’s supervisor. If approved, the leave will be submitted to payroll and the employee’s pay will be adjusted on that paycheck.
Sample 1
Annualized Pay. Annualized would be defined as a Contracted Bus Driver’s hourly route pay and convert it to an estimated total yearly gross salary amount, paid over 24 pay periods. (Work Year Days + Paid Holidays) x (Route Hours – 0.25 Hours) x Hourly Rate of Pay = Yearly Gross Salary to be divided into 24 pay periods. All other hours (Field Trip Hours, Training hours, hours added for late school starts, other unforeseen District required additions to hours, hours added by forces of nature, and overtime) would be paid in addition to and distributed as payroll on each payroll check where earned. It would be necessary to audit each route for actual hours worked on route a minimum of twice a year, once within the first 12 weeks of the start of the work year and once within the last 6 weeks of the work year. PERS would be deducted in accordance to NRS 286.410(3) Exhibit A: BUS DRIVER SALARY SCHEDULE HOURLY WAGE 2015-2107 Figures below represent a 1.125% PERS decrease for Employer Paid for 2015-16 and a 1.1% increase to EE & E for 2015 - 2017 Step Employer/Employee (EE) Employer (E) Probationary Period is 90 Work/Driving Days of Contracted Service P 14.90 12.90 Regular 1-A 15.64 13.56 2-B 16.56 14.36 3-C 17.50 15.14 4-D 18.40 15.93 5-E 19.32 16.73 6-F 19.49 16.87 7-G 19.65 17.01 8-H 19.81 17.15 9-I 19.97 17.29 10-J 20.13 17.43 11-K 20.29 17.57 Longevity – 15 Years Add 10% to Step 11-K after 15 Years L – 15 22.32 19.33 * 20-year longevity: Add $750 after 20 years 25-year longevity: Add $400 after 25 years ** Per 13-6: Bus Drivers who are selected and certified as trainers and evaluators of other bus drivers will be paid one-dollar ($1.00) an hour more than their regular rate of pay.
Sample 1

Related to Annualized Pay

  • Estimated Payments During each calendar year or partial calendar year after the Base Year, in addition to Monthly Rent, Tenant shall pay to Landlord on the first day of each month an amount equal to one-twelfth (1/12) of the product of Tenant's Share multiplied by the "Estimated Operating Expenses" (defined below) for such calendar year. "Estimated Operating Expenses" for any calendar year means Landlord's reasonable estimate of Operating Expenses for such calendar year, less the Operating Expenses for the Base Year and shall be subject to revision according to the further provisions of this Section 5.2 and Section 5.3. During any partial calendar year, Estimated Operating Expenses shall be estimated on a full-year basis. During each December in which this Section 5.2 is applicable, or as soon after each December as practicable, Landlord shall give Tenant written notice of the Estimated Operating Expenses for the ensuing calendar year. On or before the first day of each month during the ensuing calendar year (or each month of the Term if the Term will expire before the end of the calendar year), Tenant shall pay to Landlord one-twelfth (1/12) of the product of Tenant's Share multiplied by the Estimated Operating Expenses for such calendar year; however, if such written notice is not given in December, Tenant shall continue to make monthly payments on the basis of the prior year's Estimated Operating Expenses until the month after such written notice is given, at which time Tenant shall commence making monthly payments based upon the revised Estimated Operating Expenses. In the month Tenant is first required to make a payment based upon the revised Estimated Operating Expenses, Tenant shall pay to Landlord for each month which has elapsed since December the difference between the amount payable based upon the revised Estimated Operating Expenses and the amount payable based upon the prior year's Estimated Operating Expenses. If at any time or times it reasonably appears to Landlord that the actual Operating Expenses for any calendar year will vary from the Estimated Operating Expenses for such calendar year, Landlord may, by written notice to Tenant, revise the Estimated Operating Expenses for such calendar year, and subsequent payments by Tenant in such calendar year shall be based upon such revised Estimated Operating Expenses.

  • Returned Payment Fee If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.

  • Returned Payments If after receipt of any payment which is applied to the payment of all or any part of the Obligations (including a payment effected through exercise of a right of setoff), the Administrative Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion), then the Obligations or part thereof intended to be satisfied shall be revived and continued and this Agreement shall continue in full force as if such payment or proceeds had not been received by the Administrative Agent or such Lender. The provisions of this Section 2.21 shall be and remain effective notwithstanding any contrary action which may have been taken by the Administrative Agent or any Lender in reliance upon such payment or application of proceeds. The provisions of this Section 2.21 shall survive the termination of this Agreement.

  • Refused Payments We reserve the right to refuse to pay any Receiver. We will attempt to notify the Sender promptly if we decide to refuse to pay a Receiver designated by the Sender. This notification is not required if you attempt to make a prohibited payment under this Agreement.

  • Rate Increases In the event that this Agreement is renewed pursuant to Section 3.1.2, the rate set forth in Exhibit “C” may be adjusted each year at the time of renewal as set forth in Exhibit “C.”

  • Maximum Capital Expenditures Borrower and its Subsidiaries on a consolidated basis shall not make Capital Expenditures during the following periods that exceed in the aggregate the amounts set forth opposite each of such periods: Period Maximum Capital Expenditures per Period Fiscal Year ending on or about March 31, 2006 and each Fiscal Year ending thereafter $ 5,000,000 (b) [Intentionally Deleted]

  • Prohibited Payments, Etc Except during the continuance of a Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), each Guarantor may receive regularly scheduled payments or payments made in the ordinary course of business from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), however, unless required pursuant to Section 7.07(d), no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

  • Payments, Computations, etc (a) Except as otherwise specifically provided herein, all payments hereunder shall be made to the Administrative Agent in dollars in immediately available funds, without offset, deduction, counterclaim or withholding of any kind, at the Administrative Agent’s office specified in Schedule 10.1 not later than 4:00 P.M. on the date when due. Payments received after such time shall be deemed to have been received on the next succeeding Business Day. The Administrative Agent may (but shall not be obligated to) debit the amount of any such payment which is not made by such time to any ordinary deposit account of the Borrower maintained with the Administrative Agent (with notice to the Borrower). The Borrower shall, at the time it makes any payment under this Credit Agreement, specify to the Administrative Agent the Loans, Fees, interest or other amounts payable by the Borrower hereunder to which such payment is to be applied (and in the event that it fails so to specify, or if such application would be inconsistent with the terms hereof, the Administrative Agent shall distribute such payment to the Lenders in such manner as the Administrative Agent may determine to be appropriate in respect of obligations owing by the Borrower hereunder, subject to the terms of Section 3.12(a)). The Administrative Agent will distribute such payments to such Lenders, if any such payment is received prior to 12:00 Noon on a Business Day in like funds as received prior to the end of such Business Day and otherwise the Administrative Agent will distribute such payment to such Lenders on the next succeeding Business Day. Whenever any payment hereunder shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day (subject to accrual of interest and Fees for the period of such extension), except that in the case of Eurodollar Loans, if the extension would cause the payment to be made in the next following calendar month, then such payment shall instead be made on the next preceding Business Day. Except as expressly provided otherwise herein, all computations of interest and fees shall be made on the basis of actual number of days elapsed over a year of 360 days, except with respect to computation of interest on Base Rate Loans which shall be calculated based on a year of 365 or 366 days, as appropriate. Interest shall accrue from and include the date of borrowing, but exclude the date of payment.

  • Misdirected Payments To the extent there are any misdirected funds forwarded to Seller (or any of its Affiliates, if any) by any third parties, which misdirected funds are paid in respect of the performance of services by or on behalf of the Hospital from and after the Closing Date or with respect to the Accounts Receivable or other Acquired Assets, Seller shall remit such misdirected funds to Buyer within ten (10) Business Days after receipt thereof, to an account designated by Buyer.

  • Required Payments Unless otherwise provided in this Agreement, any payment of Tax required shall be due within 30 days of a Final Determination of the amount of such Tax.

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