Differential Rate definition

Differential Rate. The amount actually paid to the member, minus the cost of a substitute or, if no substitute is employed, the amount that would have been paid to the substitute. For the purpose of this definition, the substitute rate is the regular guest teacher/regular long-term rate.
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Differential Rate. As used in this agreement is a pay bonus based upon the nature of the hours worked, such as differentials for hours worked during a specified period. This type of pay premium would be considered a differential added to each applicable hour of pay, not guaranteed overtime. Hours to be paid with this “bonus” premium are counted as hours actually worked for the purposes of calculating overtime hours in the week. This does not create duplication or pyramiding of overtime since this is not overtime pay, but rather a differential.
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Differential Rate means a rate on all rateable property within a differential rating area that is made and 15 levied on a differential basis pursuant to section 111G
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Examples of Differential Rate in a sentence

  • Any change in the Variable Rate and/or the Differential Rate or any other discretionary rate or margin in relation to any Loan shall be notified in writing to each of the Mortgages Trustee, the Beneficiaries and the Funding Security Trustees as soon as reasonably practicable and the Servicer shall, upon receipt of a request from any of such parties, notify such requesting party of any changes in the Monthly Payments in relation to the Loans sold by the Seller to the Mortgages Trustee.

  • The Shift Differential Rate shall be adjusted in accordance with any on-going salary increase.

  • If the sum of the Return on Deposits and the LIBOR Maintenance Fee is greater than the Adjusted LIBO Rate, then the Applicable Margin (for purposes of clause (i) above only) shall be reduced by the amount of the EURIBOR Differential Rate.

  • If the sum of the Return of Deposits and the LIBOR Maintenance Fee is less than the Adjusted LIBO Rate, then the Borrower agrees to pay to the Administrative Agent for the account of each Bank a fee accruing at a rate per annum equal to the EURIBOR Differential Rate on the daily amount of the Credit-Linked Deposit of such Bank during such period.

  • Forney and the affected customers will enter into negotiations to set a new Differential Rate before December 1st after the Triggering Event.

  • Said Differential Rate shall automatically adjust upon any change to the rate charged to the City by NTMWD.

  • The rate charged to the customer for FY24 will be $4.72 per thousand gallons, which represents a reduction of $0.05 from the FY23 rate, and that rate will remain at $4.72 per thousand gallons until the Differential Rate exceeds the $4.72 per thousand gallons or October 1, 2028, whichever occurs sooner.

  • Effective Shift Differential Rate Per Hour January 1, 2019 $1.25 Shift differential pay shall be paid for injury leave for scheduled premium hours only.

  • The Phase-In Period begins on the October 1, 2022 or the effective date of this Contract (whichever date is later), and lasts until the rate using the rate calculated under Section 7.a.2. (the Differential Rate) exceeds the $4.72 per thousand gallons or October 1, 2028, whichever occurs sooner (the “Phase-In Period”).

  • Review of the Differential Rate shall involve reasonable, diligent, and timely discussions about the pertinent issues and a resolute attempt to settle those issues.


More Definitions of Differential Rate

Differential Rate. As used in this agreement is a pay bonus based upon the nature of the hours worked, such as differentials for hours worked during a specified period. This type of pay premium would be considered a differential added to each applicable hour of pay, not guaranteed overtime. Hours to be paid with this “bonus” premium are counted as hours actually worked for the purposes of calculating overtime hours in the week. This does not create duplication or pyramiding of overtime since this is not overtime pay, but rather a differential. Employee: A regular full-time employee. Employer: Metro Communications Agency.
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Differential Rate means the Reference Rate on a specified date.
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Differential Rate means the difference of the Target Rate and the Cash Rate,
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Related to Differential Rate

  • additional rate means the additional rate levied by the City of Cape Town on rateable properties within the designated boundaries of the Special Rating Area for purposes of raising funds for improving and upgrading that area, subject to any exemptions or permissible differentiation between categories of property, as contemplated in section 22(1) of the Rates Act, read with sections 8(1) and 12(2) of the By-Law;

  • Initial Rate means each rate of interest to be paid in an Initial Period as set forth in the Certificate.

  • Heat Rate means the quantity of BTU’s consumed to produce a kilowatt-hour of energy, calculated as follows:

  • Rental Rate means the average annualized composite rate for United States treasury bonds issued for periods of ten years and longer plus two percent. The rental rate shall not exceed ten and three-quarters percent nor fall below eight and one-quarter percent.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.