Block Pay definition

Block Pay allowance has been calculated using the Projected Roster Methodology, which is determined by adding penalties for night shifts (15%), Saturdays (50%), Sundays (100%), public holidays rostered on (150%) and public holidays rostered off (100%) occurring over a year as a proportion of ordinary hours paid. The applicable block pay allowance will be paid on recreation leave (or cash equivalent). Therefore, staff will not be paid their leave loading percentage as an additional payment. As a result, payment to individuals will result in no less than would have been received through application of the applicable Award and Agreement provisions to individual shifts in the above roster.
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Examples of Block Pay in a sentence

  • Battalion Chief Block Pay amounts for work-back compensation shall be as attached.

  • Employees who are required to work additional hours shall be compensated in Block Pay amounts and in accordance with the following: 15 Minutes – 59 Minutes $ 40.00 1 – 5:59 hours $ 210.00 6 – 11:59 hours $ 500.00 12 – 17:59 hours $ 675.00 18 – 24 hours $ 1000.00 It is agreed that the Union will continue responsibility for the distribution and assignment of overtime in accordance with qualifications required by the District.

Related to Block Pay

  • Stock Payment means (a) a payment in the form of shares of Stock, or (b) an option or other right to purchase shares of Stock, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Distribution Equivalent Right means an Award granted under Article XIII of the Plan which entitles the Holder to receive bookkeeping credits, cash payments and/or Share distributions equal in amount to the distributions that would have been made to the Holder had the Holder held a specified number of Shares during the period the Holder held the Distribution Equivalent Right.

  • Dividend Equivalent Rights means certain rights to receive cash payments as described in Section 3.5.

  • Dividend Payment Date means February 15, May 15, August 15 and November 15 of each year.

  • Dividend Equivalent Right means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the grantee.