THE POWER PLAN Sample Clauses

THE POWER PLAN. The Power Plan is unique benefits plan, because after your first year of employment, you decide how you want to use your power hours to “purchase” time off, a year-end bonus or reduce your health and dental insurance premiums. Here’s how the Power Plan works: During the first year, you are eligible to receive up to three paid sick days and are paid 1 1/2 times your wage for hours worked on holidays. On your first anniversary, you automatically receive 40 Power Hours. (This only occurs after your first year.) Each Power Hour is equal to one hour of pay. All the other Power Hours are earned as you work. You earn one Power Hour for every 15.3 hours you work during your second year. The attached sheet will outline the number of Power Hours that can be earned in subsequent years. Once you earn a Power Hour, you can’t lose it, plus they are immediately available to you as you earn them. You can use it to pay yourself for vacation time, holiday pay, sick pay or however you please. You have the power to control your own benefits. Your Power Hours really add up to a great benefit package: Years 2 - 5 You earn 176 Power Hours during the year, which are equivalent to: Vacation Hours 80 (10 days) Holiday Pay 48 (6 days) Sick Pay 48 (6 days) Total Years 6 - 10 176 (22 days) Your earn 216 Power Hours during the year, which are equivalent to: Vacation Hours 120 (15 days) Holiday Pay 48 (6 days) Sick Pay 48 (6 days) Total Years 11 - 15 216 (27 days) You earn 256 Power Hours during the year, which are equivalent to: Vacation Hours 160 (20 days) Holiday Pay 48 (6 days) Sick Pay 48 (6 days) Total 256 (32 days) Years 16+ You earn 296 Power Hours during the year, which are equivalent to: Vacation Hours 200 (25 days) Holiday Pay 48 (6 days) Sick Pay 48 (6 days) Total 296 (37 days) Now that’s Power! You decide if you want to earn any holiday pay. if you need more sick time, pay yourself for it it’s completely up to you! THE POWER PLAN VS. TRADITIONAL PLANS The Power Plan Traditional Plans Sick Time - Use as many Power Hours as Sick Time - 48 hours you need up to the amount you have you must be sick to use sick time. If you earned. If you have 120 Power Hours don’t use it, you lose it. available and you are sick for three weeks, you can pay yourself 15 days sick pay. Vacation Pay - If you have 80 Power Vacation Pay – 40 or 80 hours Hours available, you can take a one week You must take time off to be paid vacation and pay yourself the 40 hours vacation hours. If you don’t use it,...
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THE POWER PLAN. YEAR 1 (Year one starts on your hire date) After 90 day introductory period: • You are eligible for any sick time you have earned (up to three sick days) • Paid time and one-half for hours worked on holidays YEAR 2 (Year 2 starts on your first anniversary) • On your one-year anniversary, you receive a bonus of 40 Power Hours! • During year two, you receive an additional 136 Power Hours for a total of 176 Power Hours earned during year one. You earn one Power Hour for each 15.3 hours worked. YEAR 3-5 • During years three through five, you receive a total of 176 Power Hours. You earn one Power Hour for every 11.8 hours worked. YEARS 6-10 • During years six through ten, you receive a total of 216 Power Hours. You earn one Power Hour for every 9.6 hours worked. YEARS 11-15 • During years 11-15, you will receive a total of 256 Power Hours. You will earn one Power Hour for every 8.1 hours worked. YEARS 16 +
THE POWER PLAN. Section 23.1 - The Power Plan, a copy of which is attached, is incorporated as part of this agreement.
THE POWER PLAN. Section 31.1 – The Power Plan will be in effect at this Facility. (See Attachment A)
THE POWER PLAN. Section 23.1 - The Power Plan, a copy of which is attached, is incorporated as part of this agreement. ARTICLE XXIV - WAGES Section 24.1Minimum Rates: C.N.A. Dietary Xxxx Xxxx Maintenance Activities Aide $9.78 $7.91 $9.36 $9.52 $8.69 Section 24.2The Employer may pay up to $0.10 per hour per year of experience up to five (5) years of proven experience for certified nursing assistants upon hire above the minimum rate set forth above.

Related to THE POWER PLAN

  • Corporate Power; Authorization The Company has all requisite corporate power and has taken all requisite corporate action to execute and deliver this Warrant, to sell and issue the Warrant and Warrant Stock and to carry out and perform all of its obligations hereunder. This Warrant has been duly authorized, executed and delivered on behalf of the Company by the person executing this Warrant and constitutes the valid and binding agreement of the Company, enforceable in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization or similar laws relating to or affecting the enforcement of creditors' rights generally and (ii) as limited by equitable principles generally.

  • Incorporation and Corporate Power The Company is an exempted company duly incorporated, validly existing and in good standing under the laws of the Cayman Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

  • Police Powers The Grantee agrees to comply with the terms of any lawfully adopted generally applicable local ordinance necessary to the safety, health, and welfare of the public, to the extent that the provisions of the ordinance do not have the effect of limiting the benefits or expanding the obligations of the Grantee that are granted by this Franchise. This Franchise is a contract and except as to those changes which are the result of the Grantor’s lawful exercise of its general police power, the Grantor may not take any unilateral action which materially changes the mutual promises in this contract.

  • Organization, Standing and Corporate Power The Company is duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization and has all requisite corporate power and authority to carry on its business as presently conducted and is duly qualified or licensed to do business and is in good standing (where such concept is recognized under applicable Law) in each jurisdiction where the nature of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary, other than where the failure to be so qualified, licensed or in good standing has not had and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. Each of the Company’s Subsidiaries is duly organized, validly existing and in good standing (where such concept is recognized under applicable Law) under the Laws of its jurisdiction of organization and has all requisite corporate or similar power and authority to carry on its business as presently conducted and each of the Company’s Subsidiaries is duly qualified or licensed to do business and is in good standing (where such concept is recognized under applicable Law) in each jurisdiction where the nature of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary, other than where the failure to be so qualified, licensed or in good standing has not had and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. The Company has made available to Parent prior to the execution of this Agreement (i) a true and complete copy of the Amended and Restated Certificate of Incorporation of the Company (the “Company Certificate of Incorporation”) and the By-laws of the Company (the “Company By-laws”), in each case as amended to and in effect as of the date of this Agreement, and (ii) the certificate of limited partnership of WPZ and the partnership agreement of WPZ (the “WPZ Partnership Agreement”), in each case as amended to and in effect as of the date of this Agreement. Upon the request of Parent, the Company will make available to Parent the comparable organizational documents of each of its other Subsidiaries, in each case as amended to and in effect as of the date of this Agreement.

  • Corporate Power The Company has all requisite corporate power to execute and deliver this Agreement and to carry out and perform its obligations under the terms of this Agreement.

  • Organization; Requisite Power and Authority; Qualification Each of Holdings and its Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization as identified in Schedule 4.1, (b) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party and to carry out the transactions contemplated thereby, and (c) is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had, and could not be reasonably expected to have, a Material Adverse Effect.

  • Corporate Power and Authority Company has all requisite corporate power and authority to enter into this Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the "AMENDED AGREEMENT").

  • Organization and Corporate Power The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

  • Corporate Power and Authorization The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each of the Loan Documents to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

  • Organization, Qualifications and Corporate Power Seller is a corporation duly incorporated and organized, validly existing, and in good standing under the laws of the State of Georgia. Seller has the corporate power and authority to execute, deliver, and perform this Agreement, the Xxxx of Sale and Assignment Agreement, the Deeds, and all other agreements, documents, certificates, and other papers contemplated to be delivered by Seller pursuant to this Agreement.

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