P-Rate Sample Clauses
The P-Rate clause defines the specific interest rate, often referred to as the "prime rate" or a similar benchmark, that will be used as a reference point for calculating variable interest payments under an agreement. In practice, this clause identifies the source of the rate (such as a particular bank or published index) and outlines how and when the rate will be determined or adjusted, for example, at the start of each interest period. Its core function is to provide a clear and objective basis for determining interest charges, thereby reducing ambiguity and potential disputes over payment calculations.
P-Rate. Eligibility for P-rate shall be in accordance with Bureau of Classification Procedure 13 in effect on the date this Agreement is approved by the Civil Service Commission. An employee working in a “covered position” within the meaning of P.A. 302 of 1977, as amended is eligible for P-Rate. This provision shall become effective immediately upon approval of this Agreement by the Civil Service Commission.
P-Rate. Positions are eligible for P-rate if:
1. They are responsible for custody or supervision of Department of Corrections residents on a regular and recurring basis in addition to regular job duties, or;
2. If they are located at a correctional facility and handle on a regular and recurring basis, personal, financial or other matters affecting the well-being of Department of Corrections residents, or;
3. If they are assigned on a regular and recurring basis (25% or more of work time) for the care or supervision of residents of the Center for Forensic Psychiatry.
4. Employees who qualify shall be compensated at the rate of forty cents ($0.40) per hour for all hours in pay status. Classifications within the Department of Corrections or Center for Forensic Psychiatry that may be eligible for P-rate are as follows: - Activity Therapy ▇▇▇▇ ▇, ▇, ▇▇, ▇ - ▇▇▇▇▇▇/▇▇▇▇▇▇▇▇ Affairs ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇, ▇▇, ▇▇ - ▇▇▇▇ ▇▇, 7 - ▇▇▇▇▇▇/Cosmetologist 7, E8, 9 - Dental Aide 6, 7, E8 - Food Service Leader-Prisoner E9 - Practical Nurse Licensed E9, 10 - Resident Care Aide 6, 7, E8 - Teacher Aide 6, 7, E8 - Domestic Services Aide
5. Positions are eligible for an additional ten cents ($0.10) per hour (for a total of fifty cents ($0.50)) if:
a. They meet the eligibility requirements for "P" rate as indicated in this Section; and
b. They are assigned to close, maximum and administrative segregation work units within the security perimeter of a Department of Corrections, Correctional Facilities Administration institution which is designated as having: a close, maximum or administrative segregation overall rating, or a close or medium rating which would contain administrative segregation units; and
c. They have two (2) years (4176 hours) or more of continuous service in the Bargaining Unit.
6. The following interpretation is applied in reviewing an employee’s eligibility for P-rate:
a. Within the Department of Corrections, the position in question must be physically located within an institution under the jurisdiction of the Correctional Facilities Administration. Positions in other departments must supervise residents assigned from the Correctional Facilities Administration.
b. A position where the work location is within the security perimeter of a medium, close or maximum custody correctional facility, thereby placing the employee in an environment where physical confrontation will occur is eligible for P-rate.
c. Within a given work area only, one classified position will be recogniz...