Pyramiding Sample Clauses
The Pyramiding clause defines the rules and limitations regarding the practice of increasing the size of an investment or trading position by using unrealized profits as margin for additional trades. In practical terms, this clause may specify whether and how a party can add to an existing position as it becomes profitable, often outlining maximum allowable increases or requiring certain risk controls. Its core function is to manage risk and prevent excessive leverage, thereby protecting both parties from potential losses due to overexposure.
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Pyramiding. 15.01 Except where expressly authorized in this Collective Agreement, there shall be no pyramiding of premiums.
15.02 Where two (2) or more applicable premiums are expressed as multiples of the Basic Rate of Pay, the Employee will be paid only one (1) such premium, that being the highest of the applicable premiums.
Pyramiding. There shall be no pyramiding of premium pay for the same hours worked.
Pyramiding. Premium payment shall not be duplicated (pyramided) for the same hours worked.
Pyramiding. There shall be no pyramiding of overtime.
Pyramiding. Premium payment (including both overtime and holiday premium payment) shall be calculated and paid under one provision of this Agreement only, even though hours worked may be premium payment hours under more than one provision. In such circumstances the highest premium will be applied. The provision of this clause will not negate any entitlement to shift premium, call-back, standby, or weekend premium.
Pyramiding. There shall be no pyramiding of overtime pay, sick pay, holiday pay or any other premium pay. If more than one of the aforesaid are applicable, compensation shall be computed on the basis giving the greatest amount.
Pyramiding. 151. Overtime premium shall not be pyramided, compounded, or paid twice for the same time paid.
Pyramiding. There shall be no pyramiding or compounding of premiums.
Pyramiding. Premium payment shall not be duplicated (pyramided) for the same hours worked. If an employee works on a holiday, overtime compensation for the first eight (8) hours worked on the holiday is due and payable only after forty (40) hours of work time in a work week are exceeded.
Pyramiding. 16.01 Except where expressly authorized in this Collective Agreement, there shall be no pyramiding of premiums.