CALL DIFFERENTIAL Sample Clauses
A Call Differential clause defines the additional amount payable by a party if they exercise a call option under a contract. Typically, this clause specifies the premium or price adjustment that must be paid above a base amount when the call right is exercised, such as in loan agreements or bond indentures where early repayment or redemption is permitted. The core function of this clause is to compensate the other party for the early exercise of the call option, thereby balancing interests and discouraging opportunistic behavior.
CALL DIFFERENTIAL. 34.01 An employee called to work at a time which does not abut the employee’s regular hours of work shall be paid a minimum of two (2) hours at 1.5 times the employee’s regular rate of pay.
34.02 An employee’s regular shift shall not be reduced as a result of reporting to work early.
34.03 Section 34.01 above shall not apply to bus drivers for field trips nor to cooks for banquets. The compensation for field trips and banquets are governed by other applicable provisions of this agreement.
CALL DIFFERENTIAL. Employees required to be on-call shall be paid an on-call rate of two (2) dollars per hour or any portion thereof. The minimum on-call requirement shall be four (4) consecutive hours. Should the Employer require an employee to have a pager or beeper available during their on-call period, then all related expenses for such device shall be the responsibility of the Board. All hours actually worked by an on-call employeeshall be paid at overtime rates in accordance the provisions of this Agreement.
CALL DIFFERENTIAL. Employees required to be on-call shall be paid an on-call differential of one dollar ($1.00) per hour, or portion thereof. Effec- tive April the on-call differential shall be two dollars ($2.00) per hour. The minimum on-call requirement shall be four (4) consecutive hours. Should the Employer require an employee to have a pager or beeper available during their on-call period, then all related ex- penses for such device shall be the responsibility of the Employer.
CALL DIFFERENTIAL. (a) an employee is advised by the Band Manager or their designate that they are "on that is, immediately available by telephone contact, they shall be paid straight time wages in accordance with the following schedule: Monday to Friday inclusive Saturday, Sunday or Statutory Holidays hours per day hours per day All hours actually worked by an On-Call employee shall be paid at overtime rates in accordance with the provisions of this Agreement. An employee may leave their Employment when the work is completed for which they were called. On call duty shall be equally divided among the employees who are willing and qualified to perform the available work, however, senior employees will have first option. Should the Employer require an employee to have a pager or beeper available during their on-call period, then all related expenses for such device shall be the responsibility of the Employer. Whenever an employee, not on-call, receives a work related call at home shall be paid for fifteen (15) minutes per call at their regular rate of pay. The employee must keep a log with particulars relating to all work related calls and provide details on or have attached to their time sheet before payment for calls is made.