Definition and Compensation Sample Clauses

Definition and Compensation. Authorized work performed in excess of forty (40) hours in one (1) week shall constitute overtime. Authorized work performed in excess of eight (8) consecutive hours in one (1) day (exclusive of lunch period) shall constitute overtime. An employee required to work in excess of the regularly scheduled hours of work, as defined in the preceding paragraph, shall be compensated for each overtime hour so worked at the rate of one and one-half (1-1/2) times the employee's regular straight-time rate of pay, except that all hours worked in excess of twelve (12) in any workday shall be compensated at two (2) times the employee's regular straight-time rate.
Sample 1
AutoNDA by SimpleDocs
Definition and Compensation. In the event that a substitute teacher is unavailable and a teacher is required to forego his/her normal unassigned preparation time, then the teacher shall be paid as stated on the Stipend Schedule. In the event that a teacher is assigned to a class or portion of a class other than his/her own, the District’s minimum substitute rate for the year shall be proportionately divided among all teachers involved and for that portion of the school day involved. The payment to impacted teachers lasts the length of time that the position is not filled by a substitute teacher and/or the absent teacher returns to duty. The following are the events that would qualify for said payment: Elementary Buildings
Sample 1

Related to Definition and Compensation

  • CLASSIFICATION AND COMPENSATION The parties hereto agree that the employees covered by this Agreement shall be considered engaged in the type of work and classification as set forth on Schedule A attached hereto and made a part hereof by reference.

  • A-E Compensation and Extra Work 1.5.1. For the PROJECTS/SERVICES authorized under this CONTRACT, A-E shall be compensated in accordance with the following:

  • Employment and Compensation The following terms and conditions will govern the Executive’s employment with the Company throughout the Term.

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period.

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Services and Compensation Consultant agrees to perform for the Company the services described in Exhibit A (the “Services”), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • Expropriation and Compensation 1. Neither Contracting Party shall expropriate or nationalise investments in its Area of investors of the other Contracting Party or take any measure equivalent to expropriation or nationalisation (hereinafter referred to as "expropriation") except:

  • SALARY AND COMPENSATION ARTICLE 56

  • SALARIES AND COMPENSATION 47 Section 17.1. Base Pay and Merit Increases……………………………………….. 47 Section 17.2. Employee's Contribution to OPERS……………………………….… 49 Section 17.3. Salary Deductions……………………………………………………... 50 Section 17.4. Working Out of Classification.......................................................... 50 Section 17.5. Shift Differential............................................................................... 51 Section 17.6. Service Credit................................................................................. 51 Section 17.7. Adoption Assistance Program......................................................... 52 Section 17.8. Pre-Tax Dependent Care Program................................................. 53 Section 17.9. Wage Rate Adjustment.................................................................. 53 Section 17.10. Individual Classification Pay Grade Assignment Change…………… 53 ARTICLE 18 – INSURANCE…………………………………………………………. 53 Section 18.1. Health and Hospitalization, Prescription Drug, Disability, Dental and Vision Coverage…………………………………………………………………… 53 Section 18.2. Cost……………………………………………………………………... 58 Section 18.3. Life Insurance………………………………………………………….. 59 Section 18.4. Continuation of Benefits while on Unpaid Leave…………………… 60 Section 18.5. Terms of Insurance Policies to Govern……………………………... 60 Section 18.6. IRC Section 125 Plan…………………………………………………. 60 Section 18.7. Disability Leave………………………………………………………… 60 Section 18.8. Benefits Booklet……………………………………………………….. 62 Section 18.9. Training…………………………………………………………………. 62

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

Time is Money Join Law Insider Premium to draft better contracts faster.