Current pay definition

Current pay means an employee's most recent hourly pay rate.
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Current pay status means that the individual is eligible for a cash payment for the current month.
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Current pay means Elias’s base salary rate in effect as of May 22, 2008. Elias’s salary continuation shall be paid on a bi-weekly basis at the same time as Westaff’s regular payroll. The bi-weekly amount is $9,615.39 (gross) less appropriate federal and state tax withholding and statutory deductions and shall begin on the first pay period following the eighth (8th) day after the date of execution by both parties to this Agreement. Xxxxx acknowledges that he has been paid all wages due, including any incentive compensation, as well as his accrued, but unused vacation pay in a single lump sum payment less all appropriate withholdings through May 26, 2008. Xxxxx understands that he shall not be entitled to accrue vacation and sick time during the salary continuation period.
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Examples of Current pay in a sentence

  • Each such Defaulted Obligation will be treated as a Defaulted Obligation for all purposes until such time as the Aggregate Principal Balance of Current Pay Obligations would not exceed, on a pro forma basis including such Defaulted Obligation, the applicable percentage of the Collateral Principal Amount.

  • For the avoidance of doubt, Collateral Obligations may include Current Pay Obligations.

  • If a Collateral Obligation included in the Assets would be deemed a Current Pay Obligation but for the applicable percentage limitation in the proviso to clause (x) of the proviso to the definition of Defaulted Obligation, then the Current Pay Obligations with the lowest Market Value (assuming that such Market Value is expressed as a percentage of the Principal Balance of such Current Pay Obligations as of the date of determination) shall be deemed Defaulted Obligations.

  • ANNEX G LANCASHIRE COUNTY COUNCIL DIRECTORATE FOR CHILDREN AND YOUNG PEOPLETEACHER SALARY STATEMENT [INSERT YEAR] Personal detailsTeacher name: Position: School name: Pay Range detailsCurrent Pay Range: Current Pay Point: Pay detailsPayroll month: Payroll year: Full time salary: TLR: SEN Allowance: Recruitment/retention allowance: Salary safeguarding: Total amount: ANNEX H GUIDE TO SETTING THE PAY OF HEADTEACHERS There are three stages involved in the process for setting the pay of new Headteachers.

  • If a Collateral Obligation included in the Assets would be deemed a Current Pay Obligation but for the applicable percentage limitation in the proviso to clause (x) of the proviso to the definition of “Defaulted Obligation”, then the Current Pay Obligations with the lowest Market Value (assuming that such Market Value is expressed as a percentage of the Principal Balance of such Current Pay Obligations as of the date of determination) shall be deemed Defaulted Obligations.

  • For the purposes of calculating the Moody’s Weighted Average Rating Factor, any Collateral Obligation that is a Current Pay Obligation or a Defaulted Obligation shall be excluded.

  • Current Pay Slips (minimum of 2) If new job - Letter of confirmation incl.

  • For the purposes of calculating the Moody’s Weighted Average Rating Factor, any Collateral Obligation that is a Defaulted Obligation (or, to the extent that the Aggregate Principal Balance of all Collateral Obligations that would be Current Pay Obligations exceeds 7.5% in Aggregate Principal Balance of the Current Portfolio, any Current Pay Obligation that constitutes such excess over 7.5%) shall be excluded.

  • Each such Defaulted Obligation shall be treated as a Defaulted Obligation for all purposes until such time as the Aggregate Principal Balance of Current Pay Obligations would not exceed, on a pro forma basis including such Defaulted Obligation, the applicable percentage of the Collateral Principal Amount.

  • For purposes of the definition of Moody’s Additional Current Pay Criteria, with respect to a Collateral Obligation already owned by the Issuer whose facility rating from Moody’s is withdrawn, the facility rating shall be the last outstanding facility rating before such withdrawal.

Related to Current pay

  • Weeks pay means the ordinary time rate of pay for the employee concerned.

  • Current Annual Compensation means the greater of:

  • Minimum Payments $50 (with respect to all funds in the aggregate.) No payment pursuant to this Schedule is payable to a dealer, bank or other service provider for the first year with respect to sales of $1 million or more, at no load, in cases where A I M Distributors, Inc. has advanced the service fee to the dealer, bank or other service provider.

  • Current Pay Obligation means a Collateral Debt Obligation that would otherwise be a Defaulted Obligation, but as to which:

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

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Current Value shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. 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.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Includible Compensation means an Employee’s actual wages in box 1 of Form W-2 for a year for services to the Employer, but subject to a maximum of $245,000 (or such higher maximum as may apply under section 401(a)(17) of the Code) and increased (up to the dollar maximum) by any compensation reduction election under section 125, 132(f), 401(k), 403(b), or 457(b) of the Code (including any Elective Deferral under the Plan). Beginning in 2009 and thereafter, such term also includes any “differential pay” that may be received from the Employer while performing qualified military service under section 414(u) of the Code. The amount of Includible Compensation is determined without regard to any community property laws.

  • 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.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Creditable compensation means the full compensation payable annually to an employee working

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Final Average Compensation means the average annual

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • 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.

  • 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;

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Accrual Amount With respect to any Class of Accrual Certificates and any Distribution Date prior to the Accrual Termination Date, the amount allocable to interest on such Class of Accrual Certificates with respect to such Distribution Date pursuant to Section 4.02(a)(ii).

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.