Recognized Change Sample Clauses

Recognized Change. The parties hereto recognize that it may become necessary or desirable from time to time that a then existing incentive be adjusted or replaced because of changes in equipment, changes in manufacturing processes or in materials processed or in methods or standards of manufacture or production, the development of new manufacturing processes or methods, or mechanical improvements made by the Company in the interest of improved methods or products. Whenever any of such changes or such other events occurs and for that reason the Management shall deem it necessary or desirable to adjust an existing incentive (or, if appropriate in view of the changes, to replace an existing incentive plan), the Management shall establish a new incentive in accordance with the procedure set forth in paragraph (d) of this Section. Such new incentive shall be based upon the applicable standard hourly wage rate and shall provide equitable compensation,* provided that, giving due effect to the change or other event by reason of which the new incentive shall have been established, the new incentive shall be designed to provide compensation (including all guarantees, allowances and payments in connection with such new incentive) at least equal to the compensation that would have been provided under the incentive which it replaced.
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Related to Recognized Change

  • Recognized The days listed below will be recognized by the Company as statutory holidays, regardless of any conflict between these holidays and those declared as statutory holidays by municipal, provincial or federal statutes. New Year's Day Civic Holiday Good Friday Labour Day Easter Monday Thanksgiving Day Victoria Day Christmas Day Canada Day Boxing Day When Canada Day falls on a Saturday it shall be observed on the following Monday. In the event that Boxing Day or New Year's Day falls on a Sunday, it shall be observed on Monday. Similarly, if Christmas Day falls on a Sunday, it shall be observed on Monday and Boxing Day on Tuesday. When Christmas falls on Tuesday, Boxing Day shall be observed on Monday. All regular and probationary employees shall be paid for statutory holidays. A statutory holiday falling within an employee's vacation period shall not be counted as part of his/her vacation but shall be taken as an extra day of holiday. Regular part-time employees will be entitled to statutory holiday pay provided that they:

  • Recognized Holidays Holidays upon which the general prevailing hourly wage rate for Holiday work shall be paid, shall be all holidays in the collective bargaining agreement, applicable to the particular craft, classification, or type of worker employed on the project, which is on file with the Director of Industrial Relations. If the prevailing rate is not based on a collectively bargained rate, the holidays upon which the prevailing rate shall be paid shall be as provided in Section 6700 of the Government Code. You may obtain the holiday provisions for the current determinations on the Internet at xxxx://xxx.xxx.xx.xxx/OPRL/PWD. Holiday provisions for current or superseded determinations may be obtained by contacting the Office of the Director – Research Unit at (000) 000-0000. TRAVEL AND/OR SUBSISTENCE PAYMENT: In accordance with Labor Code Sections 1773.1 and 1773.9, contractors shall make travel and/or subsistence payments to each worker to execute the work. You may obtain the travel and/or subsistence provisions for the current determinations on the Internet at xxxx://xxx.xxx.xx.xxx/OPRL/PWD. Travel and/or subsistence requirements for current or superseded determinations may be obtained by contacting the Office of the Director – Research Unit at (000) 000-0000. GENERAL PREVAILING WAGE DETERMINATION MADE BY THE DIRECTOR OF INDUSTRIAL RELATIONS PURSUANT TO CALIFORNIA LABOR CODE PART 7, CHAPTER 1, ARTICLE 2, SECTIONS 1770, 1773 AND 1773.1 FOR COMMERCIAL BUILDING, HIGHWAY, HEAVY CONSTRUCTION AND DREDGING PROJECTS CRAFT: #DRYWALL INSTALLER/LATHER (XXXXXXXXX) DETERMINATION: NC-31-X-16-2015-2 ISSUE DATE: August 22, 2015 EXPIRATION DATE OF DETERMINATION: June 30, 2016** The rate to be paid for work performed after this date has been determined. If work will extend past this date, the new rate must be paid and should be incorporated in contracts entered into now. Contact the Office of the Director – Research Unit for specific rates at (000) 000-0000. LOCALITY: All localities within Alameda, Alpine, Xxxxxx, Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Xxxxx, Humboldt, Kings, Lake, Lassen, Madera, Marin, Mariposa, Mendocino, Merced, Modoc, Monterey, Napa, Nevada, Placer, Plumas, Sacramento, San Xxxxxx, San Francisco, San Xxxxxxx, San Mateo, Santa Xxxxx, Santa Xxxx, Xxxxxx, Sierra, Siskiyou, Xxxxxx, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, Yolo and Yuba counties. Employer Payments Straight-Time Overtime Hourly Rate Rate Welfare Pension Holidayg Training Payments Hours Rate 1 1/2X 1 1/2X Holiday $42.40 $11.05 f$12.10 $4.26 $0.72 $0.86 8 $71.39 h$92.59 h$92.59 $113.79 21.20 11.05 f5.45 4.21 - - 8 41.91 h52.51 h52.51 63.11 21.20 11.05 1.10 4.21 - - 8 37.56 h48.16 h48.16 58.76 36.52 11.05 f12.10 4.26 0.72 0.86 8 65.51 h83.77 h83.77 102.03 18.26 11.05 f5.45 4.21 - - 8 38.97 h48.10 h48.10 57.23 18.26 11.05 1.10 4.21 - - 8 34.62 h43.75 h43.75 52.88 37.02 11.05 f12.10 4.26 0.72 0.86 8 66.01 h84.520 h84.520 103.03 18.51 11.05 f5.45 4.21 - - 8 39.22 h48.475 h48.475 57.73 18.51 11.05 1.10 4.21 - - 8 34.88 h44.125 h44.125 53.38 35.67 11.05 f12.10 4.26 0.72 0.86 8 64.66 h82.495 h82.495 100.33 17.84 11.05 f5.45 4.21 - - 8 38.55 h47.47 h47.47 56.39 17.84 11.05 1.10 4.21 - - 8 34.20 h43.12 h43.12 52.04 CLASSIFICATION Basic Health Total Sunday (Journeyperson) Hourly and Vacation/ Other Hourly Daily Saturday and a Area 1 Drywall Installer/ Lather Xxxxxxx, Scrappere Xxxxxxx, Scrapper b Area 2 Drywall Installer/ Lather Xxxxxxx, Scrappere Xxxxxxx, Scrapper c Area 3 Drywall Installer/ Lather Xxxxxxx, Scrappere Xxxxxxx, Scrapper d Area 4 Drywall Installer/ Lather Xxxxxxx, Scrappere Xxxxxxx, Scrapper #Indicates an apprenticeable craft. The current apprentice wage rates are available on the Internet @ xxxx://xxx.xxx.xx.xxx/OPRL/PWAppWage/PWAppWageStart.asp. To obtain any apprentice wage rates as of July 1, 2008 and prior to September 27, 2012, please contact the Division of Apprenticeship Standards or refer to the Division of Apprenticeship Standards' website at xxxx://xxx.xxx.xx.xxx/das/das.html. a Area 1 - Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Xxxxx, Xxxxxx and Sonoma counties. b Area 2 - Monterey, San Xxxxxx, and Santa Xxxx Counties. c Area 3 - El Doradoi, Placeri, Sacramento, San Xxxxxxx, and Yolo Counties. d Area 4 - Alpine, Xxxxxx, Butte, Calaveras, Colusa, Del Norte, El Doradoi, Fresno, Xxxxx, Humboldt, Kings, Lake, Lassen, Madera, Mariposa, Mendocino, Merced, Modoc, Nevada, Placeri , Plumas, Shasta, Sierra, Siskiyou, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, and Yuba Counties. e Employed by the same contractor for 2000 hours (consecutively or cumulatively). f Includes an amount for Annuity Trust Fund. g Includes an amount for Work Fees. h Rate applies to the first 4 overtime hours Monday through Friday and the first 8 hours on Saturday. All other time is paid at the Sunday and Holiday overtime rate. Saturdays may be worked at straight time if job is shut down during Monday through Friday due to inclement weather or major mechanical breakdown. i Area 3 includes the portion of Placer County west of and including Xxxxxxx 00 and the portion of El Dorado County west of and including Xxxxxxx 00 and the territory inside the city limits of Xxxxxxxxxxx. Xxxx 0 includes the portions of Placer and El Dorado Counties not covered in Area 3.

  • Holidays Recognized and Observed The following days shall be recognized and observed as paid holidays: New Year’s Day Labor Day Xxxxxx Xxxxxx Xxxx Day Thanksgiving Day Presidents’ Day Day After Thanksgiving Memorial Day Christmas Day Independence Day Eligible employees shall receive pay for each of the holidays listed above, on which they perform no work, provided the holiday falls within their work year. Whenever any of the holidays listed above shall fall on Saturday, the preceding Friday shall be observed as the holiday. Whenever any of the holidays listed above fall on Sunday, the succeeding Monday shall be observed as the holiday. For those employees assigned to a work week other than Monday through Friday, the holiday shall be observed on the calendar date of the holiday.

  • Internal Control Effective control and accountability must be maintained for all cash, real and personal property, and other assets. Grantee must adequately safeguard all such property and must provide assurance that it is used solely for authorized purposes. Grantee must also have systems in place that provide reasonable assurance that the information is accurate, allowable, and compliant with the terms and conditions of this Agreement. 2 CFR 200.303.

  • Accounting Unless otherwise specified herein, for the purpose of any definition or calculation, whenever amounts are required to be netted, subtracted or added or any distributions are taken into account such definition or calculation and any related definitions or calculations shall be determined without duplication of such functions.

  • Financial Reporting The Borrower will maintain, for itself and each Subsidiary, a system of accounting established and administered in accordance with generally accepted accounting principles, and furnish to the Lenders:

  • Position Classification 1. The requirements of each position will be documented by a Position Description developed by reference to the Position Description Questionnaire (PDQ), and classified into a salary grade consistent with the Position Description and classifications for corresponding job duties found throughout the USNH System and according to USNH policy and processed by the KSC Office of Human Resources.

  • Acceptable Accounting System The Contractor shall maintain the acceptable/approved status of their Accounting System and submit updates to the current status

  • Internal Controls The Company shall maintain a system of internal accounting controls sufficient to provide reasonable assurances that: (i) transactions are executed in accordance with management’s general or specific authorization; (ii) transactions are recorded as necessary in order to permit preparation of financial statements in accordance with GAAP and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

  • Change in Classification A change in classification shall not alter a nurse’s accrued seniority for purposes of accrual of benefits or placement in the wage schedule.

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