ANNUAL C definition
ANNUAL C means the value of C calculated annually or otherwise in accordance with Clauses 9.3.1 and 9.3.2;
ANNUAL C and "Provisional Annual C" shall be determined in Sterling.
Examples of ANNUAL C in a sentence
Pilot with over 24 years of service (7 weeks of vacation entitlement): ⮚ 50% of 14 day rate = calendar day rate times 14 divided by 2, or ⮚ $357.43 x 14 = $5,004.02 divided by 2 = $2,502.01 ⮚ vacation pay (14% C 8%) 6% of $2,502.01 = $150.12 SUB TOTAL $2,652.13 ⮚ benefits at 16% of $2,652.13 = $424.34 PROJECTED ANNUAL C $3,076.47 x 26.089 = $80,262.05 NOTES: Annual schedule includes four (4) weeks annual leave plus twenty four point six four (24.64) days for statutory holidays.