Calculation, Holidays, TDI Clause Samples
The 'Calculation, Holidays, TDI' clause defines how calculations are to be performed when scheduled dates fall on holidays, specifically in the context of TDI (which may refer to a defined term such as 'Trade Date Information' or 'Total Debt Index'). It typically outlines the procedure for adjusting calculation dates if they coincide with non-business days, such as moving the calculation to the next available business day. This clause ensures that all parties have a clear and consistent method for handling date-related calculations, thereby preventing disputes or confusion arising from holidays affecting contractual obligations.
Calculation, Holidays, TDI. Sick time shall be paid at the employee’s straight-time rate, without differentials. Employees who are on sick time on a holiday, for which they would otherwise be paid holiday pay, will receive paid sick time, but not holiday pay, provided they have accrued but unused Rhode Island Sick and Leave hours. Employees receiving Temporary Disability Insurance or other disability (except Workers’ Compensation benefits) shall have the option of receiving paid sick time during the period of disability provided that they take it in weekly increments.