Floaters definition

Floaters serve as back-up staff in order to assure continuous coverage and/or meet security needs and who function as follows: 1. Serve as back-up staff where needed to support regular staff; 2. Fill in, in emergency situations; 3. May be called to work overtime while off duty; 4. Assisting staff with work responsibilities.

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Floaters between Christmas Day and New Year’s day and a third (3rd) “floater” following one (1) year of service with the company. The one (1) year of service will only apply to employees whom are hired after May Seniority employees who are laid off after December 1” and recalled before January 31” must take three (3) “floaters” at a time mutually agreed upon after recall. All other employees must combine (3) “floaters” to take a Christmas shutdown. Seniority employees will be paid for a designated paid holiday if they have worked their full scheduled shift before and after the holiday. These requirements will be waived for the following reasons: absent or late satisfactory reason, or but has worked sometime in the two (2) calendarweeks preceding such or on sick leave or Workers’ Compensation. he is on bereavement leave, jury duty, has been subpoenaed as a Crown witness, or is on an authorized leave of absence. Emergency days as described in the Employment Standards Act. Employees provides reasonable evidence in the circumstances that they are entitled to the leave, if requested. In the event of multiple consecutive statutory holidays, if any employee cannot verify their absence with a reason acceptable to the company, such employee will forfeit holiday pay equal to the number of days absent. If a designated paid holiday falls within a seniority employees’ annual vacation or bereavement leave, that day will be added onto his vacation, or if mutually agreed upon, it may be taken at a later date or the seniority employee may receive another days pay in lieu of additional time off. Seniority employees eligible for payment of a designated paid holiday will be paid on the basis of their applicable normal hourly rate, multiplied by their regular hours of work on such day. For holidays falling on a Friday, the holiday shall be observed on the Thursday for those employees working a four (4) ten (10) hour shift schedule. If any of the designated paid holidays falls on a Saturday it will be observed on a Friday and if a designated paid holiday falls on a Sunday it will be observed on a Monday.

Floaters means adjustable-rate CMOs.

Examples of Floaters in a sentence

• Additional information on Equipment Floaters is available from the Department of Enterprise Services Risk Management.

• Any loans made by the TOBs Liquidity Provider will be secured by the purchased TOB Floaters held by the TOB Trust and will be subject to an increased interest rate based on number of days the loan is outstanding.

• Interest expense incurred on the TOB Floaters and other expenses related to remarketing, administration, trustee and other services to a TOB Trust are reported as expenses of the Fund.

• The TOB Residuals held by the Fund generally provide the Fund with the right to cause the holders of a proportional share of the TOB Floaters to tender their notes to the TOB Trust at par plus accrued interest.

• In the event of a failed remarketing, the TOB Trust may draw upon a loan from the TOBs Liquidity Provider to purchase the tendered TOB Floaters.

• The Fund contributes municipal bonds to the TOB Trust and is paid the cash received by the TOB Trust from the sale of the TOB Floaters, less certain transaction costs, and typically will invest the cash to purchase additional municipal bonds or other investments permitted by its investment policies.

• For TOB Floaters, generally, the interest rate earned will be based upon the market rates for municipal bonds with maturities or remarketing provisions that are comparable in duration to the periodic interval of the tender option.

• Upon the occurrence of a termination event, a TOB Trust would be liquidated with the proceeds applied first to any accrued fees owed to the trustee of the TOB Trust, the remarketing agent of the TOB Floaters and the TOBs Liquidity Provider.

• The leverage within a TOB Trust depends on the value of the municipal bonds deposited in the TOB Trust relative to the value of the TOB Floaters it issues.

• The use of TOB Residuals will require the Fund to earmark or segregate liquid assets in an amount equal to any TOB Floaters, plus any accrued but unpaid interest due on the TOB Floaters, issued by TOB Trusts sponsored by, or on behalf of, the Fund that are not owned by the Fund.

More Definitions of Floaters

Floaters means dry, immature, hardish berries, underdeveloped berries, extremely light in mass and shrivelled with practically no flesh;

Floaters serve as back-up staff in order to assure continuous coverage and/or meet security needs and who function as follows: 1. Serve as back-up staff where needed to support regular staff; 2. Fill in, in emergency situations; 3. May be called to work overtime while off duty; 4. Assisting staff with work responsibilities. Section 104.01 The Employer will deduct, during the life of this Agreement, monthly Union membership dues from the wages of members in the Bargaining Unit provided that at the time of such deduction there is in the possession of the Employer a voluntary written individual order thereof from any of said employees. (Appendix A)

Floaters are Sanitation Operators who do not have a permanent route.

Floaters means dry, immature, hardish berries;

Floaters shall be arranged upon the mutual agreement of the employee and the supervisor but shall be so scheduled as to not interfere with required business operations. One of the three (3) floater days may only be taken outside of the seasonal window however all floater days may be scheduled in conjunction with a weekend. Employees who are hired after June 30th shall only be entitled to one floater day during his/her first year of employment. All Employees who work fifteen (15) days during the thirty (30) day period prior to being laid off before a General Holiday or who are recalled from a lay-off within fifteen (15) days subsequent to a General Holiday shall receive pay for such holiday, based on eight (8) hours of their applicable rate.