Award Rate definition

Award Rate means, for purposes of making the Floor Awards pursuant to Article 5, the amount of stock awarded to a Participant either expressed as a percentage of a Participant's Total Cash Compensation or in an amount as determined by the Committee.
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Award Rate means the amount of cash, expressed as a percentage of a Participant’s Base Salary as determined by the Committee.
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Award Rate means, for purposes of making Incentive Awards pursuant to Article 9, the amount of cash awarded to a Participant, expressed as a percentage of a Participant’s Base Salary as determined by the Committee.
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Examples of Award Rate in a sentence

  • If the Award Rate is higher then the Employer will ensure that the Employee’s payment for the day is at least $1 above the equivalent payment calculated by reference to the Award Rate.

  • When the substitute day is taken the PGEs will be paid seven (7) hours at the Grade 2 at the Overtime/Adjusted Award Rate at Clause 25.7.

  • A PGE, GWE or Supplementary Employee who undertakes training and/or education allocated by the Company for high-risk licences or ships cranes for eight or less hours between 0700 and 1900 Monday to Friday payment will be at the Grade 2 rate of pay contained in the Clause 25.7 Overtime/Adjusted Award Rate Table for all classroom training and practical training where they are supernumerary.

  • Bask Bank will Award AAdvantage® miles equal to the Monthly Mile Award Rate multiplied by the average current balance in Your Bask Mileage Savings for the applicable month, rounded to the nearest whole number.

  • Employees to whom this clause applies shall be paid the applicable percentage of the minimum rate of pay prescribed by this Award for the class of work which the person is performing according to the following schedule: Assessed Capacity (subclause 4) % of Prescribed Award Rate 10%* 10% 20% 20% 30% 30% 40% 40% 50% 50% 60% 60% 70% 70% 80% 80% 90% 90% (Provided that the minimum amount payable shall be not less than $60.00 per week).

  • The rates of pay per week are as follows:- Total Award Rate Per Week $ Wage Group Q1 82% 520.50 Wage Group Q2 87.4% 543.00 Wage Group Q3 92.4% 563.90 Wage Group Q4 100% 597.60 Wage Group Q5 105% 618.50 NOTE:The rates of pay in this Award are intended to include the arbitrated wage adjustment payable under the 1 September 2006 Declaration of General Ruling and earlier Safety Net Adjustments and arbitrated wage adjustments.

  • All subsequent casual employees with less than 2 years industry experience employed after the signing of this Agreement will be paid at the probation rate (Award Rate) for the first six (6) months of their employment.

  • Sick Leave taken will be paid at the Award Rate of pay at the time taken.

  • Your interest rate and annual percentage yield may change based on a change in either the Miles Award Rate or the estimated value.

  • The amount paid by the Association in addition to the Award Rate to make up the Going Rate.


More Definitions of Award Rate

Award Rate. Award rate as Prescribed by the Hospitality Industry ( General )Award ( MA000009 ) as revised on the 1 October 2022
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Award Rate means the amount payable to a Baking Employee Level 3 under the LHMU and Tip Top Bakeries (NSW) Enterprise Award 2004 made on 22 October 2004 by Commissioner Macdonald in IRC 5812 of 2004 or any successor to that Award.
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Award Rate means the amount payable to a Baking Industry Employee Level 3 under the Liquor Hospitality and Miscellaneous Union - NSW Branch and Tip Top Bakeries (NSW) Enterprise Award 2005.
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Award Rate means the amount payable to a Baking Industry Employee Level 3 under the Miscellaneous Workers and Tip Top Bakeries (NSW) Enterprise Award.
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Award Rate means the amount payable to a Baking Industry Employee Level 3 under the LHMU and Tip Top Bakeries (NSW) Enterprise Award published 26 July 2002 (335 I.G. 463) and any successor Award.
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Related to Award Rate

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Award Cycle means a period of consecutive fiscal years or portions thereof designated by the Committee over which Performance Units are to be earned.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Maximum Award means as to any Participant for any Performance Period, $4 million.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.