Base Weekly Pay definition

Base Weekly Pay means a Participant’s Annual Base Pay divided by fifty-two (52).
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Base Weekly Pay means forty times the employee's base hourly rate, exclusive of any supplemental payments such as for incentive or piecework earnings, night shift premium or overtime. The additional payment herein provided for is intended to supplement their amount of weekly temporary disability benefits under the Worker's Compensation Act for the period above defined while the employee is absent from work and to apply under the same conditions as the law requires for Worker's Compensation. These additional payments shall apply only to disabilities subject to the Worker's Compensation Act which occur on or after the effective date of this Agreement.
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Base Weekly Pay means with respect to: (a) a salaried Employee, the --------------- Employee's base annual salary as of the Severance Event, divided by 52, and (b) an hourly Employee, the Employee's average weekly earnings based on such Employee's straight time earnings for the twelve month period ending with the last full week preceding the Severance Event.
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Examples of Base Weekly Pay in a sentence

  • If the Participant remains unemployed after exhausting ------------------ his Basic Benefits, Seventy Five Percent (75%) of Base Weekly Pay (as defined in Section 3.02(d) below), multiplied by one and one-half (1 /2) times each year, or fraction thereof, of employment with the Company, up to a maximum of forty-five (45) weeks of pay, reduced by one hundred percent (100%) of any State or Federal unemployment compensation benefits payable to such Participant.

  • To enable the Plan Administrator to ---------------------------- perform its functions, an Employer shall supply full and timely information to the Plan Administrator on all matters relating to Base Weekly Pay and Years of Service of all Employees and cause for termination of employment, and any other pertinent facts or information as a Plan Administrator, in its sole discretion, may require.

  • The Base Weekly Pay for an hourly paid Employee will be equal to the then current hourly rate of pay times the Employee's regularly scheduled number of work hours for a week.

  • The Base Weekly Pay for an Employee whose regular salary is stated in terms of months will be equal to the then currently monthly salary divided by 4.33.

  • To enable the Plan Administrator to perform its functions, an Employer shall supply full and timely information to the Plan Administrator on all matters relating to Base Weekly Pay and Years of Service of all Employees and cause for termination of employment, and any other pertinent facts or information as the Plan Administrator, in its sole discretion, may require.

  • The City currently supplements an employee injured in the scope of their City employment, and receiving indemnity payments from the City’s workers’ compensation insurer, up to the employee’s Base Weekly Pay rate, pro-rated based on actual days missed, up to a maximum of fifteen (15) weeks per claim.

  • He commented that he is interested in receiving District email directly since the District will be issuing a Prop.

  • If this supplemental payment combined with the indemnity payments paid by the City’s workers’ compensation insurer exceeds the employee’s Base Weekly Pay, I agree to reimburse the City for any supplemental payments that I received in excess of my Base Weekly Pay within the timeframes and requirements set forth herein.

  • I understand that the City supplements an employee injured in the scope of their City employment, and receiving indemnity payments from the City’s workers’ compensation insurer, up to the employee’s Base Weekly Pay rate, pro-rated based on actual days missed, up to a maximum of fifteen (15) weeks per claim.

  • One Hundred Percent (100%) of Base Weekly Pay (as defined --------------- in Section 3.02(d) below) for each year, or fraction thereof, of employment with the Company, up to a maximum of thirty (30) weeks of pay, reduced by one hundred percent (100%) of any State or Federal unemployment compensation benefits payable to such Participant.


More Definitions of Base Weekly Pay

Base Weekly Pay means with respect to: (a) a salaried Eligible Employee, the Eligible Employee’s base annual salary as of the Severance Event, divided by 52, and (b) an hourly Eligible Employee, the Eligible Employee’s average weekly earnings based on such Eligible Employee’s straight time earnings for the fifty-two (52) week (or, if fewer, the number of the Eligible Employee’s full weeks of employment) period ending with the last full week preceding the Severance Event.
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Related to Base Weekly Pay

  • Base Pay means Executive’s annual base salary rate as in effect from time to time.

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Average weekly wage means the amount derived by dividing an

  • Weekly Earnings means, in the case of a day or shift worker, 40 hours x his regular rate;

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Maximum Weekly Starts means the maximum number of times that a generating unit can be started in one week, defined as the 168 hour period starting Monday 0001 hour, under normal operating conditions. Member:

  • Base Period Income Base Period Income" is an amount equal to Executive's "annualized includable compensation" for the "base period" as defined in Sections 280G(d)(1) and (2) of the Code and the regulations adopted thereunder. Generally, Executive's "annualized includable compensation" is the average of Executive's annual taxable income from Company for the "base period," which is the five calendar years prior to the year in which the Change of Control occurs. These concepts are complicated and technical and all of the rules set forth in the applicable regulations apply for purposes of this Agreement.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Final Average Compensation means the average annual

  • Highest Average Compensation means the average compensation for the three consecutive years of service with the employer that produces the highest average.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Monthly salary means the gross amount paid to a participant making a claim under s. 40.65, at the time he or she becomes disabled within the meaning of s. 40.65 (4), by the employer in whose employ the injury occurred or the disease was contracted. Overtime pay may not be considered part of an employee’s monthly salary unless the employee received it on a regular and dependable basis.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Base Earnings means base salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to pre-tax deductions for contributions to qualified or non-qualified (under the Code) benefit plans or arrangements, and excluding bonuses, incentives and overtime pay but including commissions.

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.

  • Current Annual Compensation means the greater of:

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Applicable Mortality Table means the 1983 Group Annuity Mortality Table; and

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Average Annual Compensation For the purposes of this Agreement, “Average Annual Compensation” shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Normal weekly hours of work means the established standard work times and number of hours in the workweek for the position or, if standard work times and number of hours have not been established for the position, the work times and average number of hours per week actually worked by the employee in that position over the most recent 3 months before the employer files the application for designation as a participating employer.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Average final compensation means the average annual creditable compensation of a member during