Equivalent Hours Sample Clauses

Equivalent Hours. For the purpose of this Section, the equivalent number of hours are: Biweekly Schedule 26-Week Equivalent 52-Week Equivalent 80 hours 1040 hours 2080 hours 84 hours 1092 hours 2184 hours 85 hours 1105 hours 2210 hours 144 hours 1872 hours or 78, 24-hr days 3744 hours or 156, 24-hr days 10, 24-hr days 3120 hours or 130, 24-hr days 6240 hours or 26, 24-hr days
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Equivalent Hours. A position shall be considered to have equivalent regularly scheduled hours if there is not more than eight (8) hours per day period difference in the number of regularly scheduled hours.
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Equivalent Hours. Equivalent hours shall be construed to mean the actual number of 3 hours worked multiplied by the rate of overtime received. Example: An employee works 4 eight (8) hours of overtime at the rate of time and one-half (1 1/2); that employee shall be 5 credited with twelve (12) equivalent hours. 7 Equivalent hours shall also be construed as to mean the actual number of hours an 8 employee turns down multiplied by the rate of overtime that employee would have 9 received if he had worked the overtime hours offered. Example: If an employee turns 10 down eight (8) hours of overtime at the rate of double time (2X), that employee shall be 11 credited with sixteen (16) equivalent hours.
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Related to Equivalent Hours

  • Dividend Equivalents Subject to this Paragraph 6, with respect to dividends for which a record date occurs during the Restriction Period, Participant shall be credited with a Dividend Equivalent with respect to each outstanding Restricted Stock Unit, and with respect to any related Dividend Equivalent Unit (defined below) resulting from prior reinvestments of Dividend Equivalents as provided in this Paragraph. All Dividend Equivalents so credited will be deemed to be reinvested in Restricted Stock Units on the date that the applicable dividend or distribution is made to the Company’s shareholders, based on the Target Award Units and any Dividend Equivalent Units resulting from prior reinvestments of Dividend Equivalents, in the number of Units determined by dividing the aggregate value of the Dividend Equivalents by the Fair Market Value of the Stock on such date (rounded to the nearest thousandth of a whole Unit or as otherwise reasonably determined by the Company); provided, however, that if Dividend Equivalents cannot be reinvested in Units due to the operation of Section 3(a) of the Plan, such Dividend Equivalents will be credited to Participant as a cash value based on the Target Award Units and any Dividend Equivalent Units resulting from prior reinvestments of Dividend Equivalents, which cash value shall be held by the Company (without interest) subject to this Agreement. Any Units resulting from the deemed reinvestment of dividends in accordance with this Paragraph 6 are referred to herein as “Dividend Equivalent Units.” Dividend Equivalents shall be subject to the same terms and conditions, and shall vest or be forfeited (as applicable) at the same time, upon the same conditions, and in the same proportion, as the Target Award Units set forth in this Award; provided, however, that if the Award vests after the record date for, but before the payment date of, a dividend, then the Dividend Equivalents related to such dividend and to Units vesting on the vesting date will be paid in cash or in Stock, in the sole discretion of the Company, as soon as practicable following the payment date for such dividend.

  • Measurement Should the State terminate this contract as herein provided, no fees other than fees due and payable at the time of termination shall thereafter be paid to the Engineer. In determining the value of the work performed by the Engineer prior to termination, the State shall be the sole judge. Compensation for work at termination will be based on a percentage of the work completed at that time. Should the State terminate this contract under paragraph (4) or (5) above, the Engineer shall not incur costs during the thirty-day notice period in excess of the amount incurred during the preceding thirty days.

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