Statutory Dry Sample Clauses

Statutory Dry docking If the Contractor fails to adhere to the timeline stipulated in clause 2.6 (d & e) of Section VI: Terms of Reference and clause 3 (m) of Section VIII: Annex VII (Running Repair & Maintenance Schedule) or any extended period, the Contractor shall without prejudice to any other right or remedy of the EIC on account of such default, pay compensation (not by way of penalty) at the rate of 0.1% per day on the total value of the charter hire charge of the vessel for the contract period. The maximum LD to be deducted as per the Clause 2.7.1 (a) and 2.7.1 (b) shall be restricted to 10% of the total charter hire charges of the vessel(s) taken by the Contractor on bare boat for thirty-six (36) months or extension thereof.
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Related to Statutory Dry

  • 000 STATUTORY HOLIDAYS 18.100 The following days will constitute the recognized holidays within the terms of this agreement. Any other holiday proclaimed by either the Provincial or Federal Government will be automatically recognized within this Agreement.

  • Statutory Holiday Pay Employees who qualify for statutory holiday pay shall be paid an average day's pay on the Statutory Holidays above, based on the following: amount paid / days worked. “Amount paid” is the amount earned by the employee for work done during the thirty (30) calendars day period preceding the statutory holiday, including vacation pay but excluding overtime pay. “Days worked” is the number of days the employee worked or earned wages during that thirty (30) calendar day period.

  • STATUTORY HOLIDAYS 12.01 The following holidays shall be recognized as legal holidays: New Year’s Day Labour Day Good Friday Thanksgiving Day Victoria Day Christmas Day Dominion Day Boxing Day Civic Holiday

  • Statutory Leaves A list of statutory leaves is contained in Appendix L to this Agreement. Statutory leaves are subject to change or repeal and are not grievable or arbitrable under the provisions of Article 17 of this Agreement.

  • Statutory Rights Nothing in this Clause 17 shall be construed as restricting the rights of the Executive or the Company under sections 39 to 43 Patents Xxx 0000.

  • Statutory Leave This article recognizes the statutory obligations of the University and the Union to provide unpaid leaves to employees for situations not described in any other provision of the Collective Agreement. Examples of such Statutory Leaves include: • Family Responsibility Leave; • Reservist Leave;

  • Statutory Holiday All time worked on such Statutory Holidays as are provided for in this Agreement shall be considered as overtime and shall be paid at two hundred percent (200%) of the employee's regular straight-time rate, or the employee may elect to be paid straight-time rates for the overtime hours and take an equal number of hours as time off. Such time off must be taken according to a schedule acceptable to the employee's Supervisor within thirty (30) days of the end of the pay period in which the overtime was worked.

  • Statutory Definitions Statutory terms defined in the Code and as set forth in applicable law shall have the same meaning in this Contract.

  • Statutory Authority Connecticut General Statute §§ 10a-104, 10a-108, 4a-52a, and 10a-151b provide the University with authority to enter into contracts in the pursuit of its mission.

  • Annual Leave Loading (a) In addition to their ordinary pay, an employee, other than a shiftworker, will be paid an annual leave loading of 17.5% of their ordinary pay on a maximum of 152 hours/four weeks annual leave per annum.

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