PAY VALUE Sample Clauses

PAY VALUE. The pay value shall include all work and allowances as outlined below. In cases where the sum of all work and allowances for the operator is less than the minimum, the operator shall be paid the minimum pay value as per 22.05. All operators with work and allowances equal to or greater than the minimum shall be paid the sum of all work and allowances. The maximum rate of pay to apply to any given hour of work performed under the benefits of this Article shall be one and one-half (11/2) times the operator's rate of pay, but daily spread premium will not be offset against weekly overtime premium. Overtime allowance shall be applied to work performed after eight (8) hours daily, or after forty (40) hours per week, at the rate of time and one half (11/2) straight time. Spread allowance shall be applied to work performed after the 10th hour at the rate of time and one-half (11/2) straight time. Travel allowance shall be applied to all two (2) piece runs where the relief points in the middle of the run are greater than ten (10) minutes apart on average based on scheduled running time or an estimate thereof. Travel allowance shall be paid at the rate of three-quarters (3/4) straight time up to a maximum of thirty (30) minutes. A shift premium of seventy-five cents ($0.75) per hour will be paid on all scheduled runs finishing at 11:01 p.m. or later. Work in excess of eight (8) hours at Sunday premium rates shall be paid for at the rate of time and one-half (11/2) straight time, but Sunday premium on the first eight (8) hours shall not be offset against weekly overtime premium. The Employer agrees to continue to try and centralize the relief points where possible to the downtown core. The Employer shall provide a form of relief shuttle bus between the downtown area and the MTC. The service shall be half hour shuttle service between the hours of 5:30am through 7:30pm, seven (7) days per week from the core to the MTC as well as from non-core relief points (Ancaster, Stoney Creek, Parkdale, Stone Church). Overtime allowance shall be applied to runs that exceed eight and one- half (8 ½) hours in a day, at the rate of time and three-quarters (1 ¾) straight time.
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PAY VALUE. The pay value shall include all work and allowances as outlined below. In cases where the sum of all work and allowances for the operator is less than the minimum, the operator shall be paid the minimum pay value as per 22.05. All operators with work and allowances equal to or greater than the minimum shall be paid the sum of all work and allowances. The maximum rate of pay to apply to any given hour of work performed under the benefits of this Article shall be one and one-half (11/2) times the operator's rate of pay, but daily spread premium will not be offset against weekly overtime premium. Overtime allowance shall be applied to work performed after eight (8) hours daily, or after forty (40) hours per week, at the rate of time and one half (11/2) straight time. Spread allowance shall be applied to work performed after the 10th hour at the rate of time and one-half (11/2) straight time. Travel allowance shall be applied to all two (2) piece runs where the relief points in the middle of the run are greater than ten (10) minutes apart on average based on scheduled running time or an estimate thereof. Travel allowance shall be paid at the rate of three-quarters (3/4) straight time up to a maximum of thirty (30) minutes. A shift premium of fifty five cents ($0.55) per hour will be paid on all scheduled runs finishing at 11:01 p.m. or later. Work in excess of eight (8) hours at Sunday premium rates shall be paid for at the rate of time and one-half (11/2) straight time, but Sunday premium on the first eight (8) hours shall not be offset against weekly overtime premium.
Sample 1Sample 2
PAY VALUE. The pay value shall include all work and allowances as outlined below. In cases where the sum of all work and allowances for the operator is less than the minimum, the operator shall be paid the minimum pay value as per 22.05. All operators with work and allowances equal to or greater than the minimum shall be paid the sum of all work and allowances. The maximum rate of pay to apply to any given hour of work performed under the benefits of this Article shall be one and one-half (11/2) times the operator's rate of pay, but daily spread premium will not be offset against weekly overtime premium. Overtime allowance shall be applied to work performed after eight and one-half (81/2) hours daily, or after forty-four (44) hours per week, at the rate of time and one half (11/2) straight time. Spread allowance shall be applied to work performed after the 10th hour at the rate of time and one-half (11/2) straight time. Travel allowance shall be applied to all two (2) piece runs where the relief points in the middle of the run are greater than ten (10) minutes apart on average based on scheduled running time or an estimate thereof. Travel allowance shall be paid at the rate of three-quarters (3/4) straight time up to a maximum of thirty (30) minutes. A shift premium of forty cents ($0.40) per hour will be paid on all scheduled runs finishing at 11:01 p.m. or later. Work in excess of eight and one-half (81/2) hours at Sunday premium rates shall be paid for at the rate of time and one-half (11/2) straight time, but Sunday premium on the first eight and one-half (8 1/2) hours shall not be offset against weekly overtime premium.
Sample 1

Related to PAY VALUE

  • Present Value All present value calculations under this Agreement shall be based on the following discount rate: Discount Rate: The discount rate as used in the FASB 87 calculations for the Executive Plan.

  • Net Asset Value The net asset value of each outstanding Share of the Trust shall be determined at such time or times on such days as the Trustees may determine, in accordance with the 1940 Act. The method of determination of net asset value shall be determined by the Trustees and shall be as set forth in the Prospectus or as may otherwise be determined by the Trustees. The power and duty to make the net asset value calculations may be delegated by the Trustees and shall be as generally set forth in the Prospectus or as may otherwise be determined by the Trustees.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Cash Balance At Closing, Purchaser shall pay to Seller the Purchase Price, less the Xxxxxxx Money, plus or minus the prorations described in this Agreement (such amount, as adjusted, being referred to as the “Cash Balance”). Purchaser shall pay the Cash Balance by federal funds wire transferred to an account designated by Seller in writing.

  • Over-Allowance Amount On the Cost Proposal Delivery Date and, in any event, prior to the commencement of the construction of the Tenant Improvements, Tenant shall deliver to Landlord cash in an amount (the “Over-Allowance Amount”) equal to the difference between (i) the amount of the Cost Proposal and (ii) the amount of the Tenant Improvement Allowance (less any portion thereof already disbursed by Landlord, or in the process of being disbursed by Landlord, on or before the Cost Proposal Delivery Date). The Over-Allowance Amount shall be disbursed by Landlord prior to the disbursement of any then remaining portion of the Tenant Improvement Allowance, and such disbursement shall be pursuant to the same procedure as the Tenant Improvement Allowance. If, after the Cost Proposal Date, any revisions, changes, or substitutions shall be made to the Construction Drawings or the Tenant Improvements as a result of requests made by Tenant or as otherwise specified in Section 5.01(h) below, any additional costs which arise in connection with such revisions, changes or substitutions shall be paid by Tenant to Landlord immediately upon Landlord’s request as an addition to the Over-Allowance Amount and, in any event, prior to the commencement of the construction of the revisions, changes or substitutions. Promptly following completion of construction of the Tenant Improvements and payment of all costs incurred in connection therewith, Landlord shall prepare and deliver to Tenant a reasonably detailed reconciliation of (i) the total cost of the Tenant Improvements, including all Tenant Improvement Allowance Items, and (ii) the total amount of the Tenant Improvement Allowance and the Over-Allowance Amount payments previously made by Tenant pursuant to the foregoing provisions of this Section. To the extent that such reconciliation discloses that the total costs of the Tenant Improvements exceeds the amount of the Tenant Improvement Allowance plus all Over-Allowance Amount previously paid by Tenant, Tenant shall pay the amount of such shortfall to Landlord within thirty (30) days after receipt of such reconciliation. To the extent that such reconciliation discloses that the total costs of the Tenant Improvements is less than the amount of the Tenant Improvement Allowance plus all Over-Allowance Amounts previously paid by Tenant, Landlord shall pay the amount of such overage to Tenant at the time that Landlord delivers such reconciliation to Tenant.

  • Target Fair Market Value The Company agrees that the Target Business that it acquires must have a fair market value equal to at least 80% of the balance in the Trust Account at the time of signing the definitive agreement for the Business Combination with such Target Business (excluding taxes payable and the Deferred Underwriting Commissions). The fair market value of such business must be determined by the Board of Directors of the Company based upon standards generally accepted by the financial community, such as actual and potential sales, earnings, cash flow and book value. If the Board of Directors of the Company is not able to independently determine that the target business meets such fair market value requirement, the Company will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect to the satisfaction of such criteria. The Company is not required to obtain an opinion as to the fair market value if the Company’s Board of Directors independently determines that the Target Business does have sufficient fair market value.

  • Market Value Adjustment 16 3.07 Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Market Value Market value shall be determined by the Lending Agent, where applicable, based upon the valuation policies adopted by the Client’s Board of Directors/Trustees.

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  • Make-Whole Amount The term “

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