Day Value Clause Samples
The "Day Value" clause defines how a 'day' is calculated or valued within the context of the agreement. Typically, this clause specifies whether a day refers to a calendar day, business day, or another defined period, and may outline how partial days are treated for the purposes of deadlines, payments, or performance obligations. By clearly establishing the meaning and calculation of a 'day,' this clause ensures consistency and prevents disputes over timing or duration-related provisions in the contract.
Day Value. The day value is calculated as at 1 January of the year in which the employee uses a day as a source or designates it as a target. The following formula applies: + employer’s share of pension contribution 261
Day Value. The day value is calculated as at 1 January of the year in which the employee uses a day as a source or designates it as a target. The following formula applies: Once per calendar year each employee is given the opportunity to make a selection for the coming calendar year with regard to sources and targets. Employer and employee will, with due observance of the structure and organisation of the firm, record in writing the choices and agreements made. In case of commencing employment in the interim period, the new recruit will be given the opportunity to select their sources and targets at that point in time. ARTICLE Has ceased to apply.
Day Value. The day value is calculated as at 1 January of the year in which the employee uses a day as a source or designates it as a target. The following formula applies: Once per calendar year each employee is given the opportunity to make a selection for the coming calendar year with regard to sources and targets. Employer and employee will, with due observance of the structure and organisation of the firm, record in writing the choices and agreements made. In case of commencing employment in the interim period, the new recruit will be given the opportunity to select their sources and targets at that point in time. ARTICLE formerly ARTICLE Has ceased to apply, is now Article 11 ARTICLE