Piece rate Sample Clauses

Piece rate. The employee and the employer shall, where the employee is required to perform piece work by the employer, agree upon the rates thereof between them and the rates shall be so determined that the Employee shall earn at least 10 % over and above the prescribed basic wage.
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Piece rate. If one of the parties so wishes, a piece rate agreement can be made for piecework that cannot be deduced from the price lists agreed between the organisations. Proposals for this shall be made in writing to the counterparty during the course of the work, and the counterparty shall within 5 working days reply to the proposal in writing after which the proposal and replies shall be negotiated between the parties. The parties are obliged to acknowledge receipt. If no response is received within the aforementioned 5 working days, the proposal is considered approved. The date of receipt is not counted in the above-mentioned deadline. Failure to reach agreement shall be determined in accordance with rules for handling industrial disagreements. Requests to this effect must be made within 2 months of receipt of the claim.
Piece rate. 1.1. A piece rate shall be calculated for each newspaper distributed in each work entity or, if a work entity consists of more than one part, each part thereof, in accordance with Item 1.2.
Piece rate. (a) Whether you are on the piece rate or the hourly rate will be determined by the agreement of the parties.
Piece rate. 2.1 Two piece rates have been negotiated with the bull ring workers. The first to be paid when support roles are provided by casuals. The second when bull ring workers are used in these roles (in addition to picking).
Piece rate. The parties hereby agree that PRT may establish piecework for FNW3a/FNW3s at its discretion. Where piecework is established it will be offered to the FNW3a/FNW3s in order of their seniority and assigned to FNW3a/FNW3s in reverse order of seniority. PRT may also offer other employees covered by the Collective Agreement the option of performing certain specified work functions on a piece rate basis. The employees who elect to do piecework when offered, will do so for the entire period of the major activity (including but not restricted to sowing, thinning and lifting). Once the specific major activity ends, the employees who have elected, at their option, the piecework, will revert to working on the hourly wage rate set out in the Collective Agreement for their classification. Signed and dated by both parties March 9, 2001. Signed and updated by both parties March 15, 2007. Signed by both parties June 14, 2012. LETTER OF UNDERSTANDING #4 Re: Office Manager The parties hereby agree that effective January 1, 1998, the Office Manager at each nursery will be excluded from the bargaining unit and collective agreement coverage. Signed and dated by both parties March 9, 2001. LETTER OF UNDERSTANDING #5 Re: Administrative Assistant to Vice President, Xxxxxx Nursery The parties agree that the position of Confidential Administrative/Clerical Assistant to the Vice President, General Manager is excluded from the bargaining unit for all purposes, including for the purposes of the Collective Agreement. The Confidential Administrative/Clerical Assistant will provide assistance to the Vice President, General Manager as well as perform general nursery office work. The parties further agree that should the Vice President, General Manager relocate to the Employer's head office, the position of Confidential Administrative/Clerical Assistant will no longer be required. In such circumstances, the remaining general nursery office work, if any, will revert to the bargaining unit. Signed and dated by both parties March 9, 2001. LETTER OF UNDERSTANDING #6 Re: Maintenance Work
Piece rate. (a) The wage rate for the FNWs 2, 3 and 4 shall be as follows:
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Related to Piece rate

  • Wage Rate The hourly rates for full-time junior and adult apprentices as set out in this agreement shall apply to school based apprentices except that the school based apprentice for pay purposes will be paid a further 25% of hours to the actual hours worked for off the job training.

  • Base Rate The higher of (a) the annual rate of interest announced from time to time by BKB at its head office in Boston, Massachusetts, as its "base rate" and (b) one-half of one percent (1/2%) above the Federal Funds Effective Rate. For the purposes of this definition, "Federal Funds Effective Rate" shall mean for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three funds brokers of recognized standing selected by the Agent.

  • Overtime Rate In accordance with the applicable wage and hour laws, the overtime rate will be one and one-half (1-1/2) of an employee’s regular rate of pay. The regular rate of pay will not include any allowable exclusions.

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Applicable Margin On any date the Applicable Margin for LIBOR Rate Loans and Base Rate Loans shall be as set forth below based on the ratio of the Consolidated Total Indebtedness of REIT and its respective Subsidiaries to the Gross Asset Value of REIT and its respective Subsidiaries: Pricing Level Ratio LIBOR Rate Loans Base Rate Loans Pricing Level 1 Less than or equal to 35% 2.50 % 1.25 % Pricing Level 2 Greater than 35% but less than or equal to 40% 2.75 % 1.50 % Pricing Level 3 Greater than 40% but less than or equal to 45% 3.00 % 1.75 % Pricing Level 4 Greater than 45% but less than or equal to 55% 3.25 % 2.00 % Pricing Level Ratio LIBOR Rate Loans Base Rate Loans Pricing Level 5 Greater than 55% 3.50 % 2.25 % The initial Applicable Margin shall be at Pricing Level 4. The Applicable Margin shall not be adjusted based upon such ratio, if at all, until the first (1st) day of the first (1st) month following the delivery by Borrower to the Agent of the Compliance Certificate after the end of a calendar quarter. In the event that Borrower shall fail to deliver to the Agent a quarterly Compliance Certificate on or before the date required by §7.4(c), then without limiting any other rights of the Agent and the Lenders under this Agreement, the Applicable Margin for Loans shall be at Pricing Level 5 until such failure is cured within any applicable cure period, or waived in writing by the Required Lenders, in which event the Applicable Margin shall adjust, if necessary, on the first (1st) day of the first (1st) month following receipt of such Compliance Certificate. In the event that the Agent and the Borrower determine that any financial statements previously delivered were incorrect or inaccurate (regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any period (an “Applicable Period”) than the Applicable Margin applied for such Applicable Period, then (i) the Borrower shall as soon as practicable deliver to the Agent the corrected financial statements for such Applicable Period, (ii) the Applicable Margin shall be determined as if the Pricing Level for such higher Applicable Margin were applicable for such Applicable Period, and (iii) the Borrower shall within three (3) Business Days of demand thereof by the Agent pay to the Agent the accrued additional amount owing as a result of such increased Applicable Margin for such Applicable Period, which payment shall be promptly applied by the Agent in accordance with this Agreement.

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • LIBOR Rate The election of LIBOR Rates shall be subject to the following terms and requirements:

  • Pay Rate Sick leave pay shall be at the shift straight-time hourly rate.

  • Interest and Applicable Margins (a) Borrower shall pay interest to Agent, for the ratable benefit of Lenders with respect to the various Loans made by each Lender, in arrears on each applicable Interest Payment Date, at the following rates: (i) with respect to the Revolving Loans which are designated as Index Rate Loans (and for all other Obligations not otherwise set forth below), the Index Rate plus the Applicable Revolver Index Margin per annum or, with respect to Revolving Loans which are designated as LIBOR Loans, at the election of Borrower, the applicable LIBOR Rate plus the Applicable Revolver LIBOR Margin per annum; and (ii) with respect to such portion of the Term Loans designated as an Index Rate Loan, the Index Rate plus the Applicable Term Loan Index Margin per annum or, with respect to such portion of the Term Loans designated as a LIBOR Loan, the applicable LIBOR Rate plus the Applicable Term Loan LIBOR Margin per annum. The Applicable Margins shall be as follows: Applicable Revolver Index Margin 2.75 % Applicable Revolver LIBOR Margin 3.75 % Applicable Term Loan Index Margin 2.75 % Applicable Term Loan LIBOR Margin 3.75 % 1 Borrower to supply account information. provided; however, the Applicable Margins, with respect to the Term Loan, shall be adjusted (up or down) prospectively on a quarterly basis as determined by Holdings’ and its Subsidiaries’ consolidated financial performance. Adjustments in Applicable Margins will be determined by reference to the following grids: Level of Applicable Margin Leverage Ratio Applicable Term Loan Index Margin Applicable Term Loan LIBOR Margin Level I ³ 4.00 to 1.00 3.25 % 4.25 % Level II ³ 2.50 to 1.00, and < 4.00 to 1.00 2.75 % 3.75 % Level III < 2.50 to 1.00 2.25 % 3.25 % All adjustments in the Applicable Margins shall be implemented quarterly on a prospective basis, five (5) Business Days after the date of delivery to Lenders of the quarterly unaudited Financial Statements evidencing the need for an adjustment. Concurrently with the delivery of those Financial Statements, Borrower shall deliver to Agent and Lenders a certificate, signed by its chief financial officer, setting forth in reasonable detail the basis for the continuance of, or any change in, the Applicable Margins. If any Default or an Event of Default has occurred and is continuing at the time any reduction in the Applicable Margins is to be implemented, that reduction shall be deferred until the first day of the first calendar month following the date on which all Defaults or Events of Default are waived or cured.

  • Federal Funds Effective Rate For any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three Federal funds brokers of recognized standing selected by the Agent.

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