Common use of Calculation of allowances Clause in Contracts

Calculation of allowances. The Allowances set out in Table 3 and for Directors in Table 4 of Schedule 1 are annual allowances. The weekly amount of the allowance shall be ascertained by dividing the annual allowance by 52 1/7, fortnightly allowances shall be ascertained by multiplying the weekly allowance by two and monthly allowance shall be ascertained by dividing the annual allowance by 12.

Appears in 9 contracts

Samples: www.macarthur.nsw.edu.au, www.penrith.nsw.edu.au, www.shellharbourac.nsw.edu.au

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Calculation of allowances. The Allowances set out in Table 3 and for Directors in Table 4 of Schedule 1 are annual allowances. The weekly amount of the allowance shall be ascertained by dividing the annual allowance by 52 1/7, fortnightly allowances shall be ascertained by multiplying the weekly allowance by two and monthly allowance shall be ascertained by dividing the annual allowance by 12.

Appears in 1 contract

Samples: Enterprise Agreement

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