Compensated Hours definition

Compensated Hours means (a) All hours in any Plan Year for which a Participant who is eligible to receive a payment for a Plan Year received pay from the Company with respect to hourly-rate employment as a Participant during the Plan Year on or after a Participant’s Date of Participation. The Compensated Hours shall include hours for which a Participant who is eligible to receive a payment for a Plan Year receives base pay, overtime (with each hour paid at premium rates to be counted as one hour), vacation pay, holiday pay, bereavement pay, apprentice training hours, jury duty pay, short-term military duty pay, family day pay and call-in pay; provided, however, no hours shall be duplicated because of payment under more than one category of Compensated Hours. The term shall not include hours compensated in any other form (e.g., Cost-of-Living Allowance, night-shift premium, seven-day premium, incentive pay, moving allowance, supplemental unemployment benefit payments under the Company’s Supplemental Unemployment Benefit Plan and Transition Assistance Plan (including automatic short work week benefit payments), sickness and accident benefits, extended disability benefits, and allocations under the Plan). (b) The term Compensated Hours shall include, for a Participant who otherwise is eligible to receive a payment for a Plan Year, 40 hours for each complete calendar week during such Plan Year that the Participant is on an approved sick leave of absence and for such complete calendar week has received Workers’ Compensation payments from the Company as the result of a totally disabling occupational injury or disease under any Workers’ Compensation law or act or any occupational disease, law, or act, provided: (i) The Participant otherwise would have been scheduled to work all hours during such complete calendar week(s); and (ii) The Participant is actively at work for the Company during at least one complete calendar week in the Plan Year; and (iii) Such Workers’ Compensation benefits were paid, either voluntarily or because the Company failed to appeal the adverse determination of an applicable state agency or court, as the result of a totally disabling occupational injury or disease under any Workers’ Compensation law or act or any occupational disease law or act; and (iv) The person was a Participant during each such Plan Year.
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Compensated Hours means, in the case of a Federally[-] qualified health center only, all hours for which an employee receives compensation, payment or any form of remuneration, including regular time, overtime, vacation time, sick time, personal time, educational time, and all other compensated time.
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Examples of Compensated Hours in a sentence

  • Pension payments for employees in Regular Full-time and Temporary Full-time categories will not be paid during the initial 1040 Compensated Hours.

  • The Company pointed out, however, that certain employees not involved in the in-plant administration of the National Agreement would not be included in the Plan and would not receive any Compensated Hours under the Plan while on such leave.

  • Benefit Service is determined as follows: Total Compensated Hours in a Calendar Year Benefit Service Service before January 1, 1958 N/A Determined by crediting full years and fractions of a year of six months or more as a full year and disregarding fractions of a year of less than six months.

  • CENTRE ,,../5---r 'f Date: SEIU HEALTHCARE MINNESOTA Date (c /)_(,, It 1 3083062.vl CCH-Sauk Centre I SEIU Healthcare MN 5/1/19 through 4/30/22 Compensated Hours Effective 5/5/20 19 Effective 5/3/2020 Effective 5/2/202 1 Start 18.88 19.26 19.65 2,080 fl year] 19.25 19.64 20.03 4, 160 f2 yearsl 1 9.62 20.01 20.41 6,240 f3 yearsl 20.05 20.45 20.86 8,320 r4 yearsl 20.41 20.82 21 .24 10,400 rs yearsl 20.82 21 .24 21 .66 12.480 r6 vearsl 21.28 21.71 22.

  • HEALTH/WELFARE BENEFITS Effective Current 8/1/22 8/1/23 8/1/24 8/1/25 Employee Contribution $50 $50 $55 $60 $65 Employer Contribution (maximum if required) $1387 MOB w/ 7% cap MOB w/ 7 % cap MOB w/ 7% cap MOB w/ 7% cap Contributions will be based on Compensated Hours for all employees who are compensated for a minimum of eighty (80) hours during the month.

  • Advancement on the schedule will occur upon completion of 1,664 Compensated Hours for full-time and part-time employees, but no sooner than 12 consecutive months since the previous increase.

  • Current Rate: $3.26 Pension payments for employees in Regular Full-time and Temporary Full-time categories will be based on Compensated Hours.

  • Pension payments for employees in Regular Full-time and Temporary Full-time categories will be based on Compensated Hours.

  • Calculation: 24 Compensated Hours (M, T, W) 8 Available Hours (Th) 6 Hours of Overtime Worked or Available (S) 38 Total Compensated and Available Hours for the Week 2 Eligible Hours for SWW Benefits (40hrs – 38hrs) 2hrs x $25 = $50 $50 x 80% = $40.00 SWW Benefit for Friday Your basic benefit from the Plan is called your Pension Plan Life Income Benefit.

  • Pension payments for employees in Regular Full-time categories will be based on Compensated Hours.

Related to Compensated Hours

  • Compensated time means, with respect to an employee, any time worked by or credited to the employee that counts toward any minimum work time requirement imposed as a condition of his or her employment, but for purposes of this Ordinance, does not include any designated holidays, vacation periods, personal time, compensatory time off or any period when the employee is on a leave of absence. With respect to officers or employees whose hours are not fixed, "compensated time" includes any period of time when the officer is on premises under the control of the employer and any other time when the officer or employee is executing his or her official duties, regardless of location.

  • STIPULATED HOURS OF SERVICE PER DAY means hours of duty per day, normal hours/timings of duty whereof shall be determined by the Company's Engineer for which fixed charge shall be payable.

  • Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.

  • Non-Highly Compensated Employee means an Employee who is not a Highly Compensated Employee.

  • Service Hours means the hours limited in the applicable Notification Form during which the Services are provided, it being understood that different Service Hours can apply for different Services.