Summer Rate Clause Samples

The "Summer Rate" clause defines a specific pricing or fee structure that applies during the summer months of a contract or service agreement. Typically, this clause outlines the exact dates or period considered as "summer" and specifies the rates, which may be higher or lower than standard rates, for services rendered or goods provided during this time. For example, a property rental agreement might charge a premium rate from June through August, or a utility contract may adjust billing for increased seasonal demand. The core function of this clause is to clearly establish seasonal pricing, thereby preventing disputes and ensuring both parties understand the cost implications during the summer period.
Summer Rate. All full time custodians shall be paid an additional 15% of their hourly rate between the first day school is out and August 20th. Effective July 1, 2019. Vacation pay to be calculated at the regular rate of pay.
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Summer Rate. Salaried Lecturers and Instructors who teach during Summer Term shall receive 10% of their base salary for each four (4) credit course, a minimum per credit rate of $2,100, (up to a limit of three courses) or a minimum summer term rate as determined by the University, whichever is greater.
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Summer Rate. Annually contracted full-time faculty who meet the criteria for associate promotion, per Article11.
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Summer Rate. Annually contracted full time faculty who meet the criteria for Adjunct Promotion, per 10.2.2, will be compensated at Step B of the Adjunct wage scale
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Summer Rate. After completing two academic years of teaching at SVC, Tenured, Tenure-Track and Full-time Temporary Faculty will be compensated at Step B of the associate wage scale.
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Summer Rate. The employer will pay bus drivers at the trip rate for summer driving at regular payroll intervals every two weeks.
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Related to Summer Rate

  • Interest Rate Basis Interest on this Note will be determined by reference to the applicable Interest Rate Basis or Interest Rate Bases, which may, as described below, include the CD Rate, the CMT Rate, the Commercial Paper Rate, the Constant Maturity Swap Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR, the Prime Rate or the Treasury Rate (each as defined below).

  • Determination of Interest Rate Basis The Calculation Agent shall determine the rate derived from each Interest Rate Basis in accordance with the following provisions.

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

  • Federal Funds Open Rate Notes If the Interest Rate Basis is the Federal Funds Open Rate, this Note shall be deemed a “Federal Funds Open Rate Note.” Unless otherwise specified on the face hereof, “Federal Funds Open Rate” means the rate set forth on Moneyline Telerate (or any successor service) on page 5 (or any other page as may replace the specified page on that service) for an Interest Determination Date underneath the caption “FEDERAL FUNDS” in the row titled “OPEN”. If the rate is not available for an Interest Determination Date, the rate for that Interest Determination Date shall be the Federal Funds Rate as determined below.

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate. 5.10.2 In respect of Interest Periods pursuant to Clause 5.3.2 and subject to Clause 5.3.2, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during an Interest Period shall be the Fixed Rate.