Biweekly Pay Period definition

Biweekly Pay Period means the two-week period for which an employee is scheduled to perform work.
Biweekly Pay Period means the 14-day period commencing on August 16, 1974 and ending at midnight of the second Thursday thereafter and each subsequent 14-day period.

Examples of Biweekly Pay Period in a sentence

  • Biweekly Pay Period – the 2-week period for which an employee is scheduled to perform work.

  • Effective upon ratification, a regular, full-time Employee will be granted annual leave benefits as follows: 40 Hour Work Week Annual Leave Earning Rate Years of Continuous Service Bi-weekly Pay Period Less than 5 Years 4.6 hours 5 years or more 6.5 hours 10 years or more 7.1 hours 15 years or more 7.9 hours 20 years or more 8.4 hours Maximum accumulated 480 hours* *Unlimited accumulation with Department Head and City Manager's written approval.

  • Effective upon ratification, a regular, full-time Employee will be granted annual leave benefits as follows: Years of Continuous Service Accrual Rate per Biweekly Pay Period Less than 5 years 4.6 hours 5 years of more 6.5 hours 10 years or more 7.1 hours 15 years or more 7.9 hours 20 years or more 8.4 hours The maximum hours to be accumulated are five hundred (500) hours.

  • Regular, full-time Employee will be granted annual leave benefits as follows: Years of Continuous Service Accrual Rate per Biweekly Pay Period Less than 5 years 4.6 hours 5 years of more 6.5 hours 10 years or more 7.1 hours 15 years or more 7.9 hours 20 years or more 8.4 hours The maximum hours to be accumulated are four-hundred, eighty (480) hours.

  • Biweekly Pay Period: The two-week period for which an employee is scheduled to perform work.

  • Effective upon ratification, a regular, full-time Employee will be granted annual leave benefits as follows: 40 Hour Work Week Annual Leave Earning Rate Years of Continuous Service Bi-weekly Pay Period Less than 5 Years 4.6 hours 5 years or more 6.5 hours 10 years or more 7.1 hours 15 years or more 7.9 hours 20 years or more 8.4 hours Maximum accumulated 500 hours* *Unlimited accumulation with Department Head and City Manager's written approval.

  • Bi-weekly Pay Period for Employees – Motion was made by Mr. Russell and seconded by Mr. Bennett to approve the Bi-Weekly pay period for employees for 2019.

  • The rate of accrual of annual leave for a full-time employee appointed for a period of 90 days or more is as follows: Years of Creditable Leave Accrued for Each Federal Service Full Biweekly Pay Period Less than 3 4 hours 3 but less than 15 6 hours (10 hours for last complete pay period in calendar year) 15 or more 8 hours With certain exceptions, a maximum of 240 hours of annual leave may be carried forward from one leave year to the next.

  • The formula for pro-rating a part-time librarian’s sick leave shall be as follows: Regular Scheduled Hours of Work per Biweekly Pay Period X Sick Entitlement for 80 Full-time Employment Librarians hired after November 1, 2002 shall be advanced the first six (6) months sick leave accrual at the time of hire.

  • Biweekly Pay Period - The two-week period for which an employee is scheduled to perform work.

Related to Biweekly Pay Period

  • Pay Period means a two (2) calendar week period beginning on a Sunday and ending on the second Saturday thereafter.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earliest of (i) the third anniversary of the occurrence of the Change in Control, (ii) the Executive's death, or (iii) the Executive's attainment of age 65.

  • Annual Salary means the salary given under this Part.

  • Normal salary means the salary that would be paid to a participating employee if that person was not participating in a Plan and includes salary expressed as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate. It includes all allowances that are paid as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate but not overtime payments and shift work penalty rates unless they are paid as a component of an annualised rate.

  • Monthly salary means the current fixed monthly salary in cash. For part-time employees, the salary shall be adjusted to correspond to a full-time salary.

  • 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.

  • Leave Salary means the monthly amount paid by the University to an employee who is on leave.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

  • 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.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Extended benefit period means a period which:

  • Continuation Period shall have the meaning set forth in Section 6.9(a).

  • Annual payroll means the total amount of wages subject to contributions during a twelve-month period ending with the last day of the second calendar quarter of any calendar year.

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • 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: