Floater Sample Clauses
A Floater clause establishes that certain terms or conditions within a contract are variable and can change based on an external reference or index. For example, in financial agreements, a floater might tie interest rates to a benchmark such as LIBOR, causing the payable rate to fluctuate as the benchmark changes. This clause is primarily used to ensure that contract terms remain responsive to market conditions, thereby allocating risk and benefit between parties as external factors shift.
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Floater. A member who is assigned as a Floater shall, upon his/her request, be relieved from such Floater duty, provided there is another member, in the judgment of the Chief of the Fire Department, who is qualified to perform such duty and who has less seniority than such Floater. The Town, as soon as practicable, shall train all members who have less seniority than the least senior member assigned as a Floater so that such members are qualified for such Floater duty.
Floater. In lieu of Remembrance Day, November 11, all permanent and probationary employees shall be allowed eight (8) hours off per year to be known as a floater holiday. The combined weekly vacation and floater accrual for permanent and probationary employees includes pro-rated floater holiday hours in addition to their weekly accrued vacation hours. After six (6) months of continuous employment, temporary employees shall be granted a floater holiday of eight (8) hours per year. When November 11 falls Monday to Friday, it shall be regarded as a normal work day and the Corporation operations shall be maintained as usual.
Floater. A floater will be paid as per the current shift the employee is working. Ex. 5-day = 8 hours, 6-day = 12 hours. Based on production needs and increased volume, the company will have the right to schedule overtime worked on a Sunday. The Sunday overtime will be filled in accordance to Article 20. Should the scheduled Sunday not be filled as per Article 20 the company will have the right to fill the position with the junior qualified person in the plant.
Floater. A “floater” is a full-time employee who fills in on an as-needed basis. A floater shall have no permanent assignment but will be assigned where needed.
Floater. An employee who travels to various work locations to perform special project work, cover for employees shortages occasioned by sick leaves, vacations or other reasons. Duties include regular cleaning duties, cleaning light fixtures, replacing light bulbs, deliveries, detail cleaning, post-construction work, cleaning of windows which are reachable from the ground or by use of a step ladder.
Floater. The following represents the agreement reached by the Parties during Labour Negotiations for the renewal of the Collective Agreement which expires March 31, 2021, for the purpose of filling of vacant shifts at multiple locations within a Region. In that regard, the Parties agree to the creation of a Full-Time permanent position of Support Worker I - Floater. The position of Support Worker I - Floater shall be in salary band 3 paid at the same salary range as Support Worker I. The normal work week will be on the basis of one hundred and fifty (150) hours averaged over a four (4) week period with a thirty (30) minute paid meal period each work day.
Floater. The floater will be granted annually on June 1 to regular full time employees. This floater is to be arranged at a time suitable to the employee and Company, during the vacation year, so that there will be no loss of production. A Floater that is not taken by year end will be paid out. New employees must be on the payroll for not less than Sixty (60) work days and work four hundred and eighty (480) to qualify for the floater. Where prior notice is required in the granting of floating holidays, the employee shall receive disposition of his/her request no later than seventy two (72) hours prior to commencement of the requested floating holiday date.
Floater. In the event requested by SUB in the contract Specifications, due to unique requirements, or in the event the Independent Contractor requests advance payment by SUB for the purchase of materials, the Independent Contractor shall provide Course of Construction/Installation Floater insurance in an amount equal to the value of the advance payment requested. The policy shall provide coverage for all risks and shall be approved by SUB as to terms, conditions, and form covering the replacement cost of the applicable materials prior to the release of payment. The policy shall name SUB as Loss Payee. The coverage shall be maintained in full force for the duration of this Contract. SUB, at its option, may elect to obtain additional coverage. EVIDENCE OF COVERAGE: Evidence of the required insurance coverages issued by an insurance company satisfactory to SUB shall be provided to SUB by way of a SUB approved certificate of insurance before any work or services commence. NOTICE OF CANCELLATION OR MATERIAL CHANGE IN COVERAGE: The certificate of insurance shall contain a requirement that the Insurance company notify SUB 30 days prior to any cancellation or material change in coverage. If the approved insurance company will not provide this 30-day notice, the Contractor shall provide written notice to SUB within 2 calendar days after the Contractor becomes aware that their coverage has been canceled. Regardless of what circumstances caused Contractors insurance coverage to cease or be modified, it is the contractor’s responsibility to notify SUB. Failure to maintain proper insurance or provide notice of cancellation or modification shall be grounds for immediate termination of this contract. EQUIPMENT AND MATERIAL: Independent Contractor shall be responsible for any loss, damage, or destruction of its own property, equipment, and materials used in conjunction with the work. SUBCONTRACTORS: Independent Contractor shall require all subcontractors to provide and maintain general liability, auto liability, professional liability (as applicable), and workers’ compensation insurance with coverages equivalent to those required of the general contractor in this contract. Independent Contractor shall require certificates of insurance from all subcontractors as evidence of coverage. EXCEPTION OR WAIVERS: Any exception or waiver of these requirements shall be subject to review and approval from SUB contracting representative. Specific exception is hereby provided as follows: (SUB R...
Floater. The floater position is considered a regular driver, paid at route pay for driving routes and trip pay for trips consistent with other regular drivers. The position is guaranteed 15 hours per regular school week and will be the on call driver for vacancies. The floater will also fill in for the Transportation Office Manager when necessary. The floater will be scheduled by the Transportation Office Manager and/or Director of Operations.
Floater. First Aid Attendant