Examples of Average Monthly Earnings in a sentence
The total amount of Lump Sum Award (LSA) payments made pursuant to Article 11 and before the employee’s Termination of Employment, divided by 60, will be added to the employee’s Final Average Monthly Earnings under the BCERP.
Vehicles wharf demurrage will be assessed at $5.72 per vehicle per day.
This provision shall not apply, however, to calculation of the Actuarial Equivalent of the portion of a Participating Employee’s benefit under Section 1 or 2 of Article VI attributable to Years of Service and Average Monthly Earnings through December 31, 1993.
Final Average Monthly Earnings will continue to include the highest average Basic Annual Compensation Rate over any period of 60 consecutive months during the employee’s last 120 months of service, and Employee Incentive Plan payments, per the terms of the BCERP.
An individual’s Highest Average Monthly Earnings as of the end of 1993 shall be adjusted by the actuary’s salary scale assumption which is used under the Salaried Plan, so that they equal the amount such scale projects for the individual as of the end of 1994.