Actual Pay definition
Examples of Actual Pay in a sentence
Illustrative Example: Actual Pay Processing Date: August 2, 2019 Schedule Pay Processing Date: July 25, 2019 Equals: Eight Days Late Multiplied by: Twenty dollars ($20) per day Equals: Late Payment Penalty of one-hundred sixty dollars ($160) Late fees can only match, not exceed the overall gross payment that is delayed.
The Monthly Service Charge set forth in Addendums is stated in US currency and will include "Actual Pay" (hereafter defined), which will include allowance for tax and benefits, plus physical space, all overhead charges, and markups.
Actual Pay shall be defined as OSI employee salary, including but not limited to, vacation pay, sick pay, and any other minimum pay as required by local law.
There shall be no increase in the Gross Settlement 23 Amount if the total number of Actual Pay Periods is 112,634, or less.
Invoices must specify the Bill Rate, Actual Pay Rate, and Mark-up Fee used to determine the amount of the invoice.