Rate of Job Sample Clauses

Rate of Job. Employees shall receive increases at the completion of probation to the rate of the job they are assigned to. Applicable service year increases shall be effective each contract year (June 1).
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Rate of Job. New staff hired outside Grand Valley State University, will start at the probationary rate. After serving 6 months at the probationary rate they would move to the beginning rate and after 1 year at the beginning rate they would move to the top rate. Current staff changing jobs will be paid at the beginning rate for 1 year, after which they will move to the top rate.
Rate of Job. New staff hired from outside the Grand Valley State University bargaining unit will start at the Level 1 rate. Staff will advance a pay level each contract year, until they reach the top level, during the term of this agreement. Staff selected for a position in a higher pay grade will move to that grade at his/her current level.
Rate of Job. Staff members will be paid an established rate within the compensation level the job is assigned to. As of May 1, 2016, new staff members from outside the Grand Valley State University bargaining unit may be given step credit for previous relevant experience, qualifications, and current pay. The Union President shall be notified of each new staff member and the step credit granted. Staff will advance a pay level each contract year, until they reach the top level, during the term of this agreement. However, the University reserves the right to suspend advancement at the expiration of the contract and prior to ratification of a successor contract. Staff selected for a position in a higher pay grade will move to that grade at their current level.
Rate of Job. Staff members will be paid an established rate within the compensation level the job is assigned to. As of May 1, 2016, new staff members from outside the Grand Valley State University bargaining unit may be given step credit for previous relevant experience, qualifications, and current pay. The Union President shall be notified of each new staff member and the step credit granted. Staff will advance a pay level each contract year, until they reach the top level, during the term of this agreement. Staff selected for a position in a higher pay grade will move to that grade at his/her current level.
Rate of Job. Staff on Appendix A-1 New staff hired from outside the Grand Valley State University bargaining unit will start at the Level 1 rate. After serving one year at Xxxxx 0, they would move to the next level. On each anniversary date thereafter, staff will advance to the next level in the classification, until they reach the top level. Staff on Appendix A-2 After serving 6 months at the probationary rate, they would move to the beginning rate and after 1 year at the beginning rate they would move to the top rate. Current staff changing jobs will be paid at the beginning rate for 1 year, after which they will move to the top rate.
Rate of Job. Staff members will be paid an established rate within the compensation level the job is assigned to. Determination of credit above step 1 will be based upon factors such as previous relevant experience, demonstratable skill set, qualifications, and current pay. The Union President shall be notified of each new staff member and the step credit granted. The University retains the right to hire any applicant at any collective bargaining step within the classification level for the posted position. Credit above step 3 will be considered in consultation level for the posted position. Credit above step 3 up to step 5 will be considered in consultation with Human Resources and union leadership. Staff will advance a pay level each contract year, until they reach the top level, during the term of this agreement. However, the University reserves the right to suspend advancement at the expiration of the contract and prior to ratification of a successor contract. Staff selected for a position in a higher pay grade will move to that grade at their current level.
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Related to Rate of Job

  • Rate of Accrual ‌ Full-time employees who have been in pay status for eighty (80) non-overtime hours in a calendar month shall be credited monthly with the following annual leave accrual.

  • Rate of Pay a. An Employee who is employed as a teacher teaching on call shall be paid 1/189 of his/her category classification and experience, to a maximum of the rate at Category 5 Step 7, for each full day worked.

  • Rate of Interest The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined in the manner specified in the applicable Final Terms.

  • Rate of Payment F9.16 While an employee is on a period of purchased leave the employee will be paid at the rate of pay used to calculate the employee’s deduction.

  • Rate of Compensation In lieu of direct compensation for all overtime, shift work and standby (as defined in Articles 16, 17 and 18 of this Agreement), regular full-time employees shall receive a special compensation of 7% of their basic salary earned for each calendar year. This special compensation shall not be considered part of the employee's basic salary for the purpose of calculating any benefits or other premium entitlements.

  • Interest Rates; LIBOR Notification The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurodollar Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. In the event that the London interbank offered rate is no longer available or in certain other circumstances as set forth in Section 2.14(c) of this Agreement, such Section 2.14(c) provides a mechanism for determining an alternative rate of interest. The Administrative Agent will notify the Borrower, pursuant to Section 2.14, in advance of any change to the reference rate upon which the interest rate on Eurodollar Loans is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “LIBO Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 2.14(c), will be similar to, or produce the same value or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability.

  • Rate of Exchange upon request by the Issuer, inform the Issuer of the spot rate of exchange quoted by it for the purchase of the currency in which the relevant Notes are denominated against payment of euro (or such other currency specified by the Issuer) on the date on which the Relevant Agreement (as defined in the Dealer Agreement) in respect of such Notes was made; and

  • 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.

  • Rate Holders of Designated Preferred Stock shall be entitled to receive, on each share of Designated Preferred Stock if, as and when declared by the Board of Directors or any duly authorized committee of the Board of Directors, but only out of assets legally available therefor, cumulative cash dividends with respect to each Dividend Period (as defined below) at a rate per annum equal to the Applicable Dividend Rate on (i) the Liquidation Amount per share of Designated Preferred Stock and (ii) the amount of accrued and unpaid dividends for any prior Dividend Period on such share of Designated Preferred Stock, if any. Such dividends shall begin to accrue and be cumulative from the Original Issue Date, shall compound on each subsequent Dividend Payment Date (i.e., no dividends shall accrue on other dividends unless and until the first Dividend Payment Date for such other dividends has passed without such other dividends having been paid on such date) and shall be payable quarterly in arrears on each Dividend Payment Date, commencing with the first such Dividend Payment Date to occur at least 20 calendar days after the Original Issue Date. In the event that any Dividend Payment Date would otherwise fall on a day that is not a Business Day, the dividend payment due on that date will be postponed to the next day that is a Business Day and no additional dividends will accrue as a result of that postponement. The period from and including any Dividend Payment Date to, but excluding, the next Dividend Payment Date is a “Dividend Period”, provided that the initial Dividend Period shall be the period from and including the Original Issue Date to, but excluding, the next Dividend Payment Date. Dividends that are payable on Designated Preferred Stock in respect of any Dividend Period shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The amount of dividends payable on Designated Preferred Stock on any date prior to the end of a Dividend Period, and for the initial Dividend Period, shall be computed on the basis of a 360-day year consisting of twelve 30-day months, and actual days elapsed over a 30-day month. Dividends that are payable on Designated Preferred Stock on any Dividend Payment Date will be payable to holders of record of Designated Preferred Stock as they appear on the stock register of the Issuer on the applicable record date, which shall be the 15th calendar day immediately preceding such Dividend Payment Date or such other record date fixed by the Board of Directors or any duly authorized committee of the Board of Directors that is not more than 60 nor less than 10 days prior to such Dividend Payment Date (each, a “Dividend Record Date”). Any such day that is a Dividend Record Date shall be a Dividend Record Date whether or not such day is a Business Day. Holders of Designated Preferred Stock shall not be entitled to any dividends, whether payable in cash, securities or other property, other than dividends (if any) declared and payable on Designated Preferred Stock as specified in this Section 3 (subject to the other provisions of the Certificate of Designations).

  • Normal rate of interest Subject to the provisions of this Agreement, the rate of interest on the Loan in respect of an Interest Period shall be the aggregate of the Margin and LIBOR for that Interest Period.

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